Private equity firm Gilde Buy Out Partners agreed to acquire To-Increase, a software development unit of Columbus, an IT service management company, for €113m. "We look forward to partnering with the management team led by Luciano Cunha and to supporting their growth plans. To-Increase is an established leader in the fast-growing Microsoft Dynamics based business applications software market with innovative software solutions for their customers. With the right backing, we believe To-increase is well positioned for a phase of organic growth acceleration, continuing its track record of double-digit recurring revenue growth and further bolt-on M&A," Maurits Boomsma, Gilde Buy-Out Partner.