3TS Capital Partners, one of the leading Private Equity and Venture Capital firms in Central and Eastern Europe has announced the completion of the 100% sale of SolveDirect Service Management GmbH to Cisco Systems. In 2010, 3TS supported the management led carve-out of SolveDirect, the provider of innovative, cloud-based solutions for smart IT service management integration.

“Our substantial expansion financing and business know-how have helped SolveDirect develop and enter new markets. As a global challenger in the service management space SolveDirect has continuously attracted interest from larger international technology companies. After a competitive process the shareholders of Solvedirect decided to sell to Cisco", said Mr. Pekka Mäki, Managing Partner of 3TS.

“SolveDirect’s cloud-based solutions offer enterprises and service providers a flexible way to integrate with service partners, and automate sharing of processes, data, and workflow in real-time. M&A and investments remain a key part of Cisco´s build, buy, and partner innovation framework and this acquisition supports our strategy of providing best-in-class services to our customers. The SolveDirect acquisition is well-aligned to Cisco’s goals to develop innovative technologies, while also cultivating top talent", commented Mr. Hilton Romanski, Head of Corporate Business Development at Cisco Systems.

Since 1999, 3TS Capital Partners has made 35 investments in high growth companies across the whole CEE region and already successfully exited more than half. 3TS targets expansion capital and buyout investments in Technology & Internet, Media & Communications and Technology-Enabled Services. “We look forward to continued investments in innovative companies and supporting talented entrepreneurs in our region. We believe that, especially in these challenging times, the markets in which we have invested for more than 10 years offer many attractive opportunities", added Mr. Mäki.

About 3TS Capital Partners
3TS Capital Partners (www.3tscapital.com) is one of the leading private equity and venture capital firms in Central and Eastern Europe operating in the whole region through offices in Budapest, Bucharest, Istanbul, Prague, Vienna and Warsaw. 3TS targets investments in growth sectors including Technology & Internet, Media & Communications and Technology-Enabled Services. Investors in the 3TS funds totalling over € 200 million include EIF, EBRD, Cisco, OTP, Sitra, EBRD and KfW among others.