Keensight Capital to buy majority stake in Plat4mation

Plat4mation is a global IT consultancy company.

  • Utrecht, the Netherlands-based Plat4mation is a ServiceNow Elite partner
  • Keensight is a European growth buyout firm
  • The firm is based in Paris

Keensight Capital will acquire a majority stake in Plat4mation, a global IT consultancy company.

Utrecht, the Netherlands-based Plat4mation is a ServiceNow Elite partner. It employs over 450 people and operates from eight countries globally.

Keensight will support the company in accelerating growth in existing markets, expanding technological expertise and unlocking the power of the ServiceNow platform for its customers, according to a release. The firm will also support Plat4mation’s international development both organically and via acquisitions, the release said.

ServiceNow, through its Ecosystem Ventures investment unit, is investing in Plat4mation to expand the ServiceNow ecosystem and accelerate growth with partners in key global markets, the release added. This transaction is ServiceNow’s first investment in Europe.

“Plat4mation’s industry and domain specific thought leadership and innovation will be critical to enabling customers to transform and digitise their businesses as we accelerate growth in Germany and Europe,” said David Parsons, senior VP of ecosystem ventures at ServiceNow. “This partnership reinforces our commitment to accelerating the adoption of GenAI enabled ServiceNow offerings & solutions to targeted buyer personas in key industries.”

Paris-based Keensight is a European growth buyout firm that invests in companies with revenues in the range of €10 million to €400 million.

ServiceNow is a software company based in Santa Clara, California.

No financial details of the transaction were disclosed.