One Equity Partners, a middle market private equity firm, completed the acquisition of VASS Consultoria de Sistemas, a European provider of digital transformation, cloud infrastructure and managed IT solutions. Financial terms were not disclosed. "After having spent the past 18 months analyzing the Spanish IT Service market in detail, we are convinced that VASS is the perfect buy and build platform as it is a best-of-breed digital solution advisor to businesses that are seeking to stay competitive through digital transformation solutions that span across the entire value chain. This transaction is representative of OEP's approach to partnering with founders of businesses who have demonstrated a strong track record of organic growth and investing in market-leading technology businesses," Joerg Zirener, One Equity Partners Senior Managing Director.