Astorg to Buy Data Management Services Business Redslim

Introduction

Astorg is set to acquire Redslim, a provider of data management services, from its current owner, Bridgepoint. The deal is expected to close in the fourth quarter of 2023, subject to regulatory approvals. Financial terms of the transaction were not disclosed.

Astorg's Acquisition Strategy

The acquisition of Redslim aligns with Astorg's strategy of investing in businesses that operate in growing markets with strong competitive positions. Astorg believes that Redslim's expertise in data management and its strong customer base make it a valuable addition to its portfolio.

Redslim's Market Position

Redslim is a leading provider of data management services, with a focus on data integration, data quality, and data governance. The company's solutions help organizations to improve the efficiency and effectiveness of their data management processes.

Growth Prospects

The data management market is expected to grow significantly in the coming years, driven by the increasing volume and complexity of data. Redslim is well-positioned to benefit from this growth, given its strong market position and its commitment to innovation.

Astorg's Support

Astorg plans to support Redslim's continued growth by providing financial resources and strategic guidance. Astorg has a track record of helping its portfolio companies to achieve their full potential, and Redslim is expected to benefit from this support.

Conclusion

The acquisition of Redslim by Astorg is a significant development in the data management market. Astorg's investment in Redslim is a testament to the company's strong market position and its growth potential.