Squad welcomes Abénex into its shareholder base, alongside Founders Eric Guillerm and Marc Brua as well as 15 of the group’s executives.

Squad is an IT services company specialized in Cybersecurity and DevOps. Relying on a network of seven branch offices in France and one in Australia, Squad stands out thanks to its robust organic growth generated since inception in 2011.

The transaction allows for a reorganization of the ownership structure, while ensuring management continuity and enabling the investment of new partners. The operation also provides Squad with significant financial resources to support strong organic growth and targeted acquisitions.

“With Abénex as a partner, we have the resources to take our growth up to the next level and strengthen our role as a key partner to large corporates, in optimizing and securing their IT infrastructure”, said Eric Guillerm, Chairman and co-founder of Squad.

“We were impressed by Squad’s highly-skilled management team. The firm has successfully implemented industry’s best practices and expertise, ideally positioning Squad to seize the growing cybersecurity market”, said Olivier Moatti, Managing Partner at Abénex.