In a significant development for the IT landscape in the Nordics, Co-native has officially announced its acquisition of Retune Group AB, a Stockholm-based cloud specialist known for its expertise in Microsoft 365 and the creation of modern, secure IT workplaces. This deal, which was disclosed on November 12, 2024, marks a pivotal step in Co-native's strategy to solidify its position as a leading public cloud provider in the Nordic region.
The move is expected to bolster Co-native's customer base, particularly in Stockholm, and foster collaborative opportunities among its various entities. Asurgent, previously a leading player in Microsoft Azure and cybersecurity, will now operate under a unified banner, enhancing both operational effectiveness and customer service.
Linus Lindström, the current CEO, will transition to a board member role, allowing him to concentrate on acquisitions and long-term business development strategies. His entrepreneurial vision and knowledge of market dynamics will help shape Co-native’s evolving strategy from a broader, governance-focused perspective.
In addition, Staffan Bjurström, now the Sales Manager and Deputy CEO of Asurgent, will become CEO of the newly expanded Asurgent operations. Farzad Aghazadeh, CEO of Retune, will step into the Deputy CEO position of Asurgent, ensuring that the strong legacy of Retune continues within the wider organizational framework.
Farzad Aghazadeh emphasized that integrating Retune’s expertise in Microsoft 365 and digital workplaces will enable an even greater value proposition for customers navigating the complexities of digital transformation.
In a world where technology is ever-evolving, this acquisition represents a proactive step towards embracing future challenges while delivering superior solutions in the cloud domain. As The Nordics' leading public cloud group, Co-native is on track to set new benchmarks in cloud service excellence, championing a future filled with possibilities for both the company and its clients.
Source: Mynewsdesk Co-native acquires Retune and implements management changes to continue growth and increase customer focus
The Acquisition: Enhancing Capabilities
Retune, with its 45 skilled employees and a turnover exceeding SEK 100 million, is poised to bring valuable expertise and resources to Co-native. By integrating Retune into its subsidiary, Asurgent AB, Co-native plans to leverage Retune’s knowledge in cloud solutions and cybersecurity to enrich its service offerings.The move is expected to bolster Co-native's customer base, particularly in Stockholm, and foster collaborative opportunities among its various entities. Asurgent, previously a leading player in Microsoft Azure and cybersecurity, will now operate under a unified banner, enhancing both operational effectiveness and customer service.
Integration Benefits
The acquisition is not solely about expansion; it aims to build a cohesive structure that addresses the rapidly evolving needs of the market. Co-native believes that the strategic union of services will allow for enhanced operational efficiency and better customer value delivery. The combined expertise will lead to innovations in cloud technologies, particularly addressing the growing demand for secure and adaptable IT environments.Management Changes to Fuel Growth
Alongside the acquisition, Co-native is implementing transformative management changes to navigate this strategic maneuver. Starting December 1, 2024, Stephan Andersson, the founder and CEO of Asurgent, will assume the role of group CEO of Co-native. His experience in the industry and focus on customer relations has been instrumental in Asurgent's successes, making him a fitting leader to drive Co-native’s ambitious growth agenda.Linus Lindström, the current CEO, will transition to a board member role, allowing him to concentrate on acquisitions and long-term business development strategies. His entrepreneurial vision and knowledge of market dynamics will help shape Co-native’s evolving strategy from a broader, governance-focused perspective.
In addition, Staffan Bjurström, now the Sales Manager and Deputy CEO of Asurgent, will become CEO of the newly expanded Asurgent operations. Farzad Aghazadeh, CEO of Retune, will step into the Deputy CEO position of Asurgent, ensuring that the strong legacy of Retune continues within the wider organizational framework.
A Promising Future for Co-native
Co-native is on a growth trajectory that indicates an estimated turnover of nearly SEK 600 million in 2024. This projected growth is critical as it underscores the company’s ability to compete at both a national and international level. By incorporating Retune’s capabilities, Co-native not only enhances its immediate service offerings but also prepares itself for future challenges and opportunities in the rapidly evolving cloud market.Impact on Customers and Collaborators
The acquisition is expected to generate significant benefits for Co-native’s customers. With a broader service portfolio focusing on public cloud solutions, cybersecurity, and modern workplace technologies, businesses will have access to a more comprehensive suite of services tailored to their specific needs.Farzad Aghazadeh emphasized that integrating Retune’s expertise in Microsoft 365 and digital workplaces will enable an even greater value proposition for customers navigating the complexities of digital transformation.
Conclusion: A Tale of Growth and Innovation
As Co-native embraces this new chapter with the acquisition of Retune, it is clear that the company is not only focused on growth but also on creating an ecosystem that prioritizes customer success and innovation in cloud services. With strong leadership and an expanded portfolio, Co-native is well-positioned to meet the demands of the modern IT landscape, ensuring that businesses can thrive in their digital journeys.In a world where technology is ever-evolving, this acquisition represents a proactive step towards embracing future challenges while delivering superior solutions in the cloud domain. As The Nordics' leading public cloud group, Co-native is on track to set new benchmarks in cloud service excellence, championing a future filled with possibilities for both the company and its clients.
Source: Mynewsdesk Co-native acquires Retune and implements management changes to continue growth and increase customer focus