Through a carve-out transaction Korton Software was sold to Total Specific Solutions (vertical market software). Korton Software provides software solutions for mobility of specific target groups. With this carve-out both Korton Software and Korton’s Managed Cloud Services will get full focus for the next phase.
Peter Altevogt, CEO of Korton Group: “In over 22 years, Korton Group has evolved into one of the leading players in two different areas: provider of mobility solutions and the provider of Managed Cloud Services. The time has come for the Korton Group to divide so that the software, as well as the IT cloud company, can get the full focus for the next phase. For the software solutions, we have found a company in TSS with the same core values. The future for our clients and employees of Korton Software is guaranteed with this next step and the focus on the long term. As CEO of the Korton Group, I will focus on the further growth of the Managed Cloud Services.”
Mark van Beusekom, founding partner Hogenhouck, about this transaction: “Both solutions (software and managed cloud) grew to full propositions within Korton. The carve-out of Korton Software is a strong, strategic choice: it ensures the required focus for both propositions. We increasingly encounter companies with similar strategic options. A carve-out is not the easiest path, but surely one where we can bring our added value into the process.”