Artilium : acquires IDM

Tuesday, 16 Jan 2018

Today we announce the acquisition of Interactive Digital Media GmbH (IDM), a German-based cloud communication company. This is a transformational deal for Artilium and will increase the Group's revenue by more than 50%.

Launched in 2003, IDM is a technology mid-market company offering its communication products and services to more than 1,750 customers including mobile network operators, large corporates and SME's. The business is among one of the largest mid-market companies supplying value-added cloud communication services and solutions around the world. In 2016, IDM generated €5.3 million of consolidated turnover, with an EBITDA margin of 8.4% and net income above 5.3%.

IDM is focused on three main activities:

1. Enterprise messaging & communication

2. Cost efficient SMS wholesale, and

3. A2P (Application to Person) SMS hubbing directly to internet (OTT) clients.

IDM operates its own proprietary customer portal and its systems are co-located in three data centres across Germany. IDM's management team, which have a combined experience of 225 years, will remain with the enlarged Group post acquisition, and will play a key role integrating IDM services into Artilium.

This is a transformational transaction for Artilium, which significantly increases our presence in not only the German market but Worldwide. The IDM acquisition opens up the growing enterprise market and will be immediately earnings accretive. As separate companies, Artilium and IDM had bright futures but together the opportunity for growth is considerably enhanced.

IDM already benefits from a strong and growing customer base, particularly within the enterprise marketplace and has a strong pipeline and momentum. I am confident that together we will be able to execute on these effectively and develop further opportunities whilst delivering shareholder value.