Telefónica acquires Jose Cerdan’s company Acens
Published by MartinVarsavsky.net in Entrepreneurship with No Comments
Good news for my friend and CEO of Acens José Cerdán, good news for the Spanish start-up scene in general: Acens has just announced that it was acquired by Telefónica for a rumored €80 million. Acens was founded in 1997 and provides cloud hosting and housing services for more than 100k business customers and operates large data centers in Spain (about 6,000 square meters). Acens hosts over 200k websites, can provide VPN services and allows companies to outsource their entire server infrastructure.
If the price tag of €80 million turns out to be correct, the Acens acquisition price will have surpassed Tuenti’s by €10 million. Not bad! Compared to tech exits in other European countries or the US, this figure might not seem exceptional. But considering the unfavorable start-up environment in Spain, this is a very important signal, both for investors and for (potential) entrepreneurs that exits to local buyers are possible.
The acquisition comes just one day after Apple announced the launch of iCloud. While Acens is a B2B company and does not target individual consumers like Apple, there is clearly a trend here and that is towards hosting everything in the internet.
José has done an amazing job running and scaling Acens since 2007. He was a guest at the Menorca TechTalk and has an interesting bio, having founded his first company at the age of 22 and being a current advisor to the current opposition leader and head of Spain’s People’s Party, Mariano Rajoy.
I am happy for José and his team. Let’s hope that this acquisition gives a boost to the entire start-up scene in Spain. Enhorabuena José!