Polaris sells ProData to Axcel
Polaris has entered into an agreement to sell ProData Consult to Axcel after three years of ownership. Since Polaris’ investment in 2018, ProData has generated average annual growth of 26% and increased the number of active consultants on assignments for clients by 20% to some 3,000.
“ProData Consult has developed fantastically and significantly faster than we had initially expected. We have built on a strong foundation and enjoyed excellent cooperation with the management and employees who have carried on the company’s culture, created the strong results and proved that they are able to leverage ProData Consult’s scalable business model and outgrow the attractive underlying IT service market. We are pleased to be able to pass on a company in top form and look forward to following ProData’s continued development,” says Rune Lillie Gornitzka, Partner at Polaris.
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