February 2021: The French based multinational company Devoteam acquires Nubalia

Founded in 2010, Nubalia is a cloud consulting firm specialised in the Google environment. The company commercializes Gsuite and Google Cloud Platform solutions to medium and large companies through a licensing model, as well as offering support and other complementary services. The company is leader in Spain and Portugal and has experienced strong growth in the last 5 years.

Devoteam is a French technology consulting firm with more than 25 years of experience, focused on the segments of digital transformation, data & analytics, cybersecurity and cloud computing. It has a market capitalisation of close to €1 billion and has presence in 18 countries.

With this transaction, Devoteam consolidates its position in Spain and supports Nubalia in the execution of an ambitious business plan.

SOCIOS has been the exclusive financial advisor to the owner of Nubalia in the transaction.