Keensight-backed Adista picks up Cyres

• Keensight acquired a majority stake in Adista in June 2021
• Cyres supports companies with their IT projects through implementation of secure infrastructures
• The acquisition is the fifth external growth operation conducted by Adista in just over two years

Keensight Capital announced that its portfolio company, the Adista Group, has acquired Cyres.

Cyres, based in Tours, France, aims to help companies migrate their IT projects to the cloud. The company has approximately 30 employees and more than 600 customers, both corporate clients and local authorities.

The transaction is an integral part of Adista’s growth strategy as a “leading” multi-cloud services operator, according to Keensight. Maxéville, France-based Adista also benefits from additional expertise in Microsoft Azure managed services, as well as DevOps, Cloudera and Smart Data skills.

The acquisition of Cyres is the fifth external growth operation conducted by Adista in just over two years, following the integration of Fingerprint Technologies in 2020, Waycom and unyc in 2021, and Cyberprotect in the summer of 2022.

“Keensight Capital is very pleased to continue to support Adista in its growth strategy,” said Stanislas de Tinguy, partner at Keensight Capital. “This new acquisition will enable Adista to strengthen its leadership position as a cloud and B2B connectivity operator, while reinforcing its skills in DevOps and Big Data.”

Keensight Capital is a Paris-based European growth buyout investor in the technology and healthcare sectors.