team.blue strengthens leadership team and prepares for further expansion
team.blue, a leading digital enabler for companies and entrepreneurs across Europe, today announces that it has received further investment and continued support from Hg, a leading software and services investor
The investment will help to supercharge the business and enable team.blue to implement ambitious plans for further expansion in its product offering of online solutions, as well as increase its local presence across more countries in Europe
team.blue is bringing additional capacity and capability into its executive management team by appointing a new CEO, President and Executive Chair
In 2019, team.blue was created with the merger of three European hosting groups: Combell Group, TransIP Group, and Register Group. Since it was formed in 2019, the group has scaled significantly, acquired complementary businesses and has expanded its operations to four more countries and across multiple new online solutions such as privacy and compliance tools, e-commerce, agency solutions and web site development.
team.blue is also bringing additional capacity and capability into its executive management team. Claudio Corbetta, previously CEO of one of the founding members of team.blue and currently deputy CEO of the Group will become CEO of the business. Jonas Dhaenens will move to a role of President and Dawn Marriott will be appointed as Executive Chair.
Working together, the Executive Team will leverage on decades of industry and sector experience focusing on further enhancing team.blue’s world class operations, executing an ambitious M&A strategy across Europe and developing value creation projects across the Group.
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Claudio Corbetta brings more than 25 years of experience to team.blue in leadership roles that have transformed brands meeting the online needs of the small business community.
At team.blue, we have amazing people across multiple countries, and they are the real reason why millions of businesses choose us. We speak our customers’ languages and understand their cultures and local needs. We use this local connection to customise products and services so we are there for our customers at all times. This strengthening of the team and continued long-term backing of Hg will enable us to continue to achieve this through organic expansion and acquisitions into different regions, whilst also expanding our online solutions.
Claudio Corbetta, CEO at team.blue
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As a founder of team.blue, Jonas Dhaenens has delivered a successful growth strategy, fuelling impressive growth and forging new paths into emerging segments set to play a critical role in the group’s evolution.
Over the past 20 years, team.blue has become a digital champion offering online solutions to millions of European SMEs. Today marks the beginning of a new phase in the evolution of team.blue and I am personally excited to focus on spending more time with ambitious entrepreneurs across Europe looking to join the team.blue ecosystem.
Jonas Dhaenens, President at team.blue
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Dawn Marriottis a serial CEO and Chair, having worked at several global technology and service businesses, focused on best-in-class, senior operations. Dawn will focus on implementing an ambitious value creation plan across team.blue.
team.blue is full of dedicated, knowledgeable, innovative and collaborative people, which is exactly what we need in order to deliver world class products to our customers. Combining this with high quality support is key to fulfil our purpose, to help our customers achieve their business potential by connecting them with the world. I am incredibly proud and excited to be part of this brilliant team.
Dawn Marriott, Executive Chair at team.blue
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Hg has a history of backing entrepreneurs and businesses that provide digital and online services to SMEs, creating industry champions by scaling platforms internationally, through transformational M&A and organic growth, backed by Hg’s sector experience and operational support.
team.blue have built an exceptional business addressing the need for SMEs to digitise and provide more services online. We look forward to the next phase for the business, as team.blue expands into new, adjacent products to offer its customers, whilst embarking on an ambitious value creation plan to accelerate several commercial initiatives around product and technology.
Nick Jordan and Joris Van Gool, Partners at Hg
The terms of the transaction have not been disclosed and completion is subject to closing conditions.
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About team.blue
team.blue is a leading digital enabler for companies and entrepreneurs across Europe (Belgium, Bulgaria, Czech Republic, Denmark, France, Greece, Ireland, Italy, the Netherlands, Portugal, Spain, Sweden, Switzerland, Turkey and the UK). The business has more than 2.5 million customers and is a one-stop partner for web hosting, domains, e-commerce and application solutions, with more than 1,800 experts to support. team.blue’s goal is to shape technology and to empower businesses with innovative digital services.
Hg is a platform for software and services champions, focused on backing businesses that change how we all do business. Deep technology expertise, complemented by vertical application specialisation and dedicated operational support, provides a compelling proposition to management teams looking to scale their businesses. Hg has funds under management of over $40 billion, with an investment team of over 160 professionals, including a portfolio team of almost 50 operators, providing practical support to help our businesses to realise their growth ambitions. Based in London, Munich and New York, Hg has a portfolio of over 45 software and technology businesses, worth over $100 billion aggregate enterprise value, with over 65,000 employees globally, growing at over 20% per year.
