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Intelligent Group attracts capital from Waterland

Belgian-Dutch investment company Waterland Private Equity Investments (Waterland) is to provide growth capital to the Intelligent Group, the Belgian market leader in developing and providing hosting services. 

Intelligent was founded in 1999 by Jonas Dhaenens under the Combell brand and has grown to become the most important provider of hosting services in Belgium in recent years, with a strong presence in the Netherlands. The company is primarily known for its strong hosting brands Combell and Unitt. Combell focuses on a diverse offering of hosting services ranging from domain names, e-mail and webhosting to managed hosting server applications and related products, both for SMEs and large enterprises. Unitt focuses exclusively on complex managed cloud solutions, tailor made to the requirements of the customer. Unitt concentrates primarily on e-commerce, high-traffic websites, Software-as-a-Service platforms and business critical applications. 

In order to accelerate its European growth strategy, Intelligent recently decided to reinforce its capital structure. For that purpose the company has taken Waterland on board as a financial partner. Waterland will provide Intelligent with additional capital and support the management team where necessary with the continued growth of the group. 

Founder and CEO Jonas Dhaenens, says: “Over the last years the European hosting market has grown strongly thanks to an increasing demand by our customers for an impeccable online presence, as well as the increasing trend to outsource hosting and cloud services to specialised providers such as Intelligent. The long term partnership with Waterland provides us with additional firepower to accelerate our ambitious growth program.” 

“For Waterland, the investment in Intelligent fits perfectly with our strategy to invest in growing, high-quality companies that are aiming to acquire leading positions in their sector,” says Cedric Van Cauwenberghe, Partner at Waterland Private Equity Investments. 

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