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Announced

The Carlyle Group to invest in iC Consult Group.

Synopsis

The Carlyle Group agreed to invest in iC Consult Group, a vendor-independent systems integrator for Identity and Access Management in the German-speaking market. Financial terms were not disclosed. "We are delighted to partner with Carlyle who bring a vast international network and a deep understanding of our industry. Carlyle's investment represents a major step in taking the company forward into the next phase of its development and growth. In partnering with Carlyle, we will look to take advantage of opportunities particularly in new markets, but also in existing ones, as we continue to expand our growth and innovation plans. I am convinced that this is the right step at the right time," Jürgen Biermann, iC Consult Group Founder and CEO.

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