Equistone Partners-backed TIMETOACT completed the acquisition of catworkx.

Equistone Partners-backed TIMETOACT, a provider of IT services for medium-sized businesses, completed the acquisition of catworkx, an atlassian platinum and enterprise solution partner. Financial terms were not disclosed. “The acquisition by TIMETOACT GROUP will allow us to optimally accelerate our consistent growth and sustainability for our customers. I am delighted that catworkx will be a member of a larger umbrella brand in the future, as its values are tailor-made for us. Valuable synergies will also be created that will significantly increase the value of catworkx in terms of its strategic importance,” Oliver Groht, catworkx Founder.