Management buyout at systems integrator Infoniqa
Since the end of July 2017, the two long-time managers Urs R. Tschudin and Roger Hegglin are the owners of Infoniqa SQL AG. Through a management buyout, they acquired the majority stake of the German inverter CornerstoneCapital.
Since 1988, Infoniqa has pursued a business policy in the Swiss IT market focused on continuity, enabling qualitative and quantitative growth. With its 70 employees, it is represented in the Swiss market with offices in Baar/ZG, Zurich and Bussigny-près-Lausanne and intends to continue its growth as an IT system integrator for data center solutions, managed services, and as a cloud and information management solution provider in the coming years.
Now completely in the hands of Urs R. Tschudin and Roger Hegglin
The entire history of Infoniqa SQL AG can confidently be described as eventful: In mid-2007, the former SQL AG was sold to Infoniqa Holding GmbH in Vienna. This was followed as early as March 2008 by the purchase of T-Systems Romandie and the subsequent merger with Infoniqa Switzerland. At the beginning of 2012, the two minority shareholders Urs R. Tschudin and Roger Hegglin, with the support of the German private equity firm CornerstoneCapital, bought out Infoniqa Switzerland from Infoniqa Holding, thus making the systems integrator an independent Swiss company again. Now Tschudin and Hegglin have acquired all shares of CornerstoneCapital by means of a management buyout, making them 100 percent owners of the successful company.
Success Story Infoniqa SQL AG
Between 2012 and today, Hegglin and Tschudin, together with their team, were able to increase the sales of Infoniqa SQL AG from around CHF 20 million at the time to around CHF 45 million, with more than half of the growth being organic. The two acquisitions of GlassHouse Technologies AG (end of 2013) and Hirt Informatik AG (end of 2016) also took place during the time of the German participation.
Urs Tschudin, Delegate of the Board of Directors as well as VRP of Infoniqa SQL AG comments on the management buyout as follows: "Since CornerstoneCapital's participation was limited to five years, Roger Hegglin and I seized the opportunity and took over the company completely. As entrepreneurs and not 'just' managers, we have significantly more freedom to make decisions regarding upcoming investments and business direction. As owners, we can focus even better on future challenges and continue to expand the customer base in the cloud business as well as our offerings and services."
Information: Infoniqa SQL AG
