DEVOTEAM (EPA:DVT) Devoteam becomes global leader in Google Cloud technologies

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08/04/2019 08:20

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Press release

Devoteam becomes global leader in Google Cloud technologies

Devoteam, already leader in Google Cloud in Europe, strengthens its position by
acquiring Avalon Solutions, leader in the Nordics, and finalising the
acquisition of g-company, leader in Benelux.

With this move, Devoteam reinforces its leadership position on Google Cloud, in
the context of its strategic partnership launched seven years ago.

Paris, April 8, 2019

Devoteam, the pure player in digital transformation in EMEA, today announced
the acquisition of 87.5% of Avalon Solutions, the leading Google Premier
partner in the Nordics, headquartered in Stockholm, Sweden, and employing 45
people globally. With more than 400 client accounts the company generated
revenues of EUR 14.2m in 2018(1).

Moreover, Devoteam has the intention to acquire g-company by entering into
exclusive negotiations. g-company is Google Cloud EMEA Sales partner of the
year and the leading Google Premier partner in the Benelux region. With offices
in Utrecht, Netherlands and Mechelen, Belgium, g-company has a workforce of 60
people; with a portfolio of more than 750 client accounts, the company
generated revenues of approximately EUR 16.5m in 2018.(2)

Stanislas de Bentzmann, Devoteam co-founder & CEO said: "With these two
acquisitions, Devoteam reinforces its dominance on Google Cloud technologies.
The bold decision to have Google as a strategic partner since 2012, provides us
with a unique capability of innovation for our clients, particularly in AI. Our
2,500 clients will all benefit from leading market technologies, like Auchan,
with whom we undertook the world's biggest Google Cloud transformation project
ever. These acquisitions, combined with our teams, will now be able to create
even more impact for our clients' transformation."

(1) Revenue communicated as per local accounting principles (Swedish GAAP),
applying IFRS Avalon Solutions achieved EUR 5m revenue in 2018.
(2) Revenue communicated by g-company as per local accounting principles (Dutch
GAAP) and not audited; the IFRS impact on revenue is expected to be similar in
proportion to Avalon Solutions, resulting in EUR 5.8m revenue.

For David Saris, CEO of g-company, "we are excited to join an international
group, to grow our business even faster. Bringing together our forces with
Devoteam and Avalon Solutions, we will be able to attract and retain more
(international) customers with more services as well as the best talents,
working on the most advanced local & international initiatives and constantly
developing the best of breed expertise through permanent certification and
training programs."

For Ola Persson, CEO of Avalon by Devoteam, "this move enables us to pursue our
growth in the different markets, leveraging Devoteam's current capacity to
define and manage ambitious business transformation programs, and to combine
design & tech to launch innovative products "powered by Google". Jointly with
Devoteam and g-company we will be able to support our clients with a full scope
of high value offers, from sharp expertise to fully managed services related to
cloud solutions."

About Devoteam

At Devoteam, we deliver innovative technology consulting for business.

As a pure player of Digital Transformation for leading organisations across
EMEA, our 7,000+ professionals are dedicated to ensuring our clients win their
digital battles. With a unique transformation DNA, we connect business and
technology.

Present in 18 countries in Europe and the Middle East, and drawing on more than
20 years of experience, we shape Technology for People, so it creates value for
our clients, for our partners and for our employees.

Devoteam achieved revenues of EUR652.4 million in 2018. At Devoteam, we are
Digital Transformakers.

ISIN: FR 0000073793, Reuters: DVTM.PA, Bloomberg: DEVO FP

Press Contacts

Devoteam - Investor Relations
Vivien Ravy
vivien.ravy@devoteam.com
+33 6 65 78 61 41

Devoteam - Communication
Nicole Anschutz
nicole.anschutz@devoteam.com
+33 6 83 26 06 87

Le Public Système PR
Séverine Picault
s.picault@lepublicsysteme.fr
+33 6 19 45 68 29

www.devoteam.com

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