Telefónica Tech completed the acquisition of BE-terna for $369m.

Telefónica Tech, an Intelligent Managed Security Services Provider, completed the acquisition of BE-terna, a Microsoft cloud solutions provider, for $369m. "This is a key turning point in BE-terna's journey, and we thank Deutsche Private Equity, and in particular Dr. Frank Mueller, Partner and Managing Director, for the invaluable support over the last three years to get us to where we are today. Becoming part of Telefónica Tech is the logical next step in the development of the BE-terna Group. Since our founding, we have strived to be a stable and reliable long-term partner for our customers. The offerings from Telefónica Tech and BE-terna are very complementary and will empower us to serve existing and new customers with all key technologies and solutions that are equired to design, deliver and operate a successful digitalization strategy. Many customers are currently moving more and more business-critical workloads to the cloud. Combining our existing solutions with Telefónica Tech's offering creates a solution portfolio that ideally supports this transformation," Christian Kranebitter, BE-terna Founder.