Private Equity Firm Freshstream Takes Controlling Stake in Global IT Infrastructure Provider Worldstream

June 4, 2024
Private Equity Firm Freshstream Takes Controlling Stake in Global IT Infrastructure Provider Worldstream
Freshstream has announced its investment in Worldstream, a leading Infrastructure-as-a-Service (IaaS) provider based in the Netherlands, taking a controlling stake in the company. Worldstream, which owns data centers and operates over 15,000 servers worldwide, is well-positioned in the growing IaaS market, driven by a shift towards outsourced infrastructure and increasing data consumption. Freshstream recognizes Worldstream's strong growth track record and exceptional customer service.

Founded in 2006 by Dirk Vromans and Lennert Vollebregt, Worldstream has expanded significantly under their leadership. Although they stepped back from executive roles in 2020, both will retain minority shares in the company post-transaction. Freshstream has been impressed with Worldstream's recent transformation, which has enhanced its market proposition and organizational governance.

Headquartered in Naaldwijk, Netherlands, Worldstream employs over 70 people and serves more than 2,500 global clients. The company operates two data centers connected to AMS-IX, a major international internet exchange. With Freshstream's investment, Worldstream aims to accelerate its growth, led by incoming CEO Ruben van der Zwan and new Board member Eric Boonstra as non-executive Chair.

Worldstream becomes the seventh investment in Freshstream's first independent fund, joining a portfolio of high-growth, entrepreneur-founded businesses such as Project Better Energy, DeterTech, Bella Figura Music, Big Motoring World, Nafinco, and MCR.

Ruben van der Zwan, incoming CEO of Worldstream, stated, "Freshstream’s investment will be transformational for Worldstream, enabling us to expand our services to meet the increasing demand for outsourced cloud and IT infrastructure. I am excited to lead the company through this next growth phase with a partner who shares our entrepreneurial vision."

Paul Tutein Nolthenius, Director at Freshstream, commented, "We see a significant demand for dedicated servers and cloud solutions. Worldstream, with its robust infrastructure and customer-centric approach, is well-positioned to capitalize on these market opportunities. The entrepreneurial spirit fostered by Dirk and Lennert will be vital under Ruben’s leadership."

Worldstream's Co-Founders, Dirk Vromans and Lennert Vollebregt, expressed their pride in the company's achievements and enthusiasm for its future. "We are excited to start this new chapter and confident in Ruben and Eric's leadership to take Worldstream to new heights. We are pleased to remain involved as investors alongside Freshstream."

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