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HitecVision exits Netscenario

HitecVision today announces the sale of Fund IV portfolio company Netscenario to Visolit, one of Scandinavia’s leading and fastest growing hybrid cloud service providers focusing on the SME segment.

Netscenario is a specialist supplier of high-end hosting solutions, and manages IT solutions for SME businesses in particular in the oil and gas industry. The company’s services includes Hosting, Visualization, Business Intelligence and SAP Consultancy. InformatiQ, Netscenario’s specialized software business, is not part of the sale, and the successful GeologiQ software will continue to be developed and sold by InformatiQ.

Netscenario has shown strong growth under HitecVision ownership, increasing its customer base and more than doubling both revenues and earnings from the time of investment in 2015 to 2018.