
Dear Tech Enthusiast,
Welcome to the spring edition of Stay Ahead in IT. As we move through the second quarter of 2025, the IT services landscape continues to evolve at high speed. Strategic investments in AI, platform consolidation, and cloud transformation are accelerating across Europe.
In this issue, we take you behind the scenes of our first platform investment with tecRacer, the DACH region’s AWS powerhouse. We also unpack the latest insights from BCG’s AI Spending Pulse and highlight recent M&A activity shaping the next generation of IT champions.
Highlights from This Issue:
- Founder Story: Interview with Sven Ramuschkat on scaling tecRacer and building Europe’s AWS Thought Leader
- BCG AI Spending Pulse: GenAI and AI Agents are reshaping IT budgets and priorities
- Strategic M&A Trends: Steinbeis outlines platform consolidation and investment hotspots
- Deal Tracker: Latest acquisitions across cybersecurity, data, cloud and regulated sectors
- Podcast Highlights: Two essential episodes from DealCircle and DAWICON CFO Insights
Founder Spotlight: Sven Ramuschkat from tecRacer

From Cloud Visionary to European AWS Leader
When others were still debating whether cloud would catch on, Sven Ramuschkat was already building in it. As Germany’s first AWS Partner and the world’s first external AWS Trainer, he helped shape the public cloud ecosystem long before it was mainstream. In this exclusive interview, Sven shares how tecRacer was born from disruption, what defines its culture today, and where the journey is headed next.
Sven, you’re often described as a real AWS pioneer. How did this journey begin?
Life is full of unexpected turns. In the early 2000s, we had built a successful business as one of Germany’s leading Adobe Lifecycle and Flex consulting partners. But in 2010, Adobe decided to shut down or open-source those products. Practically overnight, our consulting model collapsed.
That was a moment of reckoning. Do we shrink or evolve? A former Adobe Partner Manager had just joined AWS and told me, “Take a serious look at this.” We did. In 2011, we became Germany’s first AWS Partner. One year later, I became the first external AWS Trainer worldwide. AWS in Germany really started gaining traction in 2014, when the Frankfurt region launched. That was the inflection point.
You’ve never worked for anyone else, right?
Correct. I got my first freelance business license at 18 and wrote software for Bosch while still in school. During my studies in Hanover, I met Markus Herrlich, and in 1990 we co-founded Herrlich & Ramuschkat GmbH. That company eventually became the launchpad for tecRacer, which we officially spun out in 2006.
How has your role evolved over the past 25+ years?
I started as a hands-on developer, writing in Clipper, FoxPro for DOS, and later ColdFusion. Then came project management and leading requirement analysis for custom software projects.
With AWS, I personally ran countless workshops and was among the most active official trainers in Europe. Over time, I shifted toward building structures. I launched our Managed Services team, set up our Amazon Connect unit, and created new leadership roles. I’ve always been good at starting things, scaling them, and then handing them over to even better people.
What have been your most important learnings as an entrepreneur?
A few principles have stayed with me through every phase:
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Always challenge your offering and never assume what worked yesterday will work tomorrow
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Stay humble, never feel above any task, and never underestimate others
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Know your blind spots and bring in people who are better than you in those areas
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Enable others by building trust and letting people lead
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Ask for help early, because the right perspective at the right time can change everything
What made you decide to bring in a growth partner like IT Capital Partners?
We’ve built tecRacer into a premium AWS brand in the DACH region. But going from medium to large, from German champion to European leader, that’s a different game. We wanted a partner who challenges us strategically, supports us operationally, and respects our culture. With IT Capital Partners, we found that partner.
Why them? What stood out to you?
From the very first conversations, Jörn and Eike didn’t talk about capital. They talked about culture, people, and shared ambition. They understand the dynamics of our sector. Their support is strategic, but also hands-on when needed. It’s enabling, not directive. That mindset was crucial for us.
What’s the next chapter for tecRacer?
We aim to become the go-to AWS partner across Europe. Technical excellence will always be our core, but we’re expanding into Data and Analytics, Generative AI, Machine Learning, and Cybersecurity.
We’re also building a selective M&A pipeline of like-minded companies. And just as importantly, we want to be the number one employer for AWS talent in Europe. Not just a project shop, but a true place for cloud careers.
Final thoughts – what do you want people to associate with tecRacer in five years?
If a company has a mission-critical AWS project and wants it done right, they should think of tecRacer.
We want to be the thought leader, the innovation partner, and the employer of choice in the AWS ecosystem.
We didn’t start tecRacer to follow the trend. We started it to shape the future. And that hasn’t changed. Only the stage has gotten bigger.
Want more behind-the-scenes insights?
In the longest episode in DealCircle history, Jörn Petereit and Sven Ramuschkat talk about:
- The full tecRacer journey from bootstrap to platform
- Why AWS remains the backbone of next-generation IT
- Our shared roadmap to build a European AWS Thought Leader

M&A Trends: Consolidation Pressure in IT Consulting
The latest Steinbeis M&A report highlights a new wave of consolidation in the IT consulting market. Increasing customer demands, talent shortages, and the need for specialization are reshaping the landscape. Strategic investors and private equity firms are actively pursuing Buy & Build models to create scalable, next-gen service platforms.
Key Insights:
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Market growth remains strong at 6.2% CAGR, reaching €66.2 billion in Germany alone
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Buy & Build is emerging as the dominant model for driving operational resilience and tech depth
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Investment focus areas include cloud modernization, AI integration, and cybersecurity services
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Mid-market players face rising competition as larger consultancies enter their segments with more scale
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Platform strategies are being deployed to secure talent, expand geographically, and deliver end-to-end capabilities
“IT consulting firms are under increasing pressure to evolve or be acquired. Only those who innovate across tech, talent, and structure will lead the next growth wave.”
— Steinbeis M&A Trends 2025 —
READY TO INVEST IN THE FUTURE OF IT SERVICES? REQUEST OUR FUND MEMORANDUM AND LEARN HOW WE BUILD NEXT-GEN IT PLATFORMS ACROSS EUROPE.
BCG AI Spending Pulse: From Cost Control to Strategic AI Investment
According to BCG’s 2025 IT Spending Pulse, CIOs are reshaping budgets around GenAI, AI agents, security and cloud, pushing traditional infrastructure into the background.
Key Highlights:
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AI and GenAI top investment priorities
80 percent adoption rate with highest ROI expectations -
Cloud and security spend rising
Zero-trust, IAM and secure data environments are essential enablers -
AI Agents go mainstream
58 percent of companies already use them in customer service, analytics and dev workflows -
Repatriation comeback
High-maturity AI organizations plan to shift 10 to 12 percent of workloads back on-prem for control and compliance -
Cost-savings through vendor consolidation
Except in AI, where vendor diversity is still valued for innovation
Conclusion: AI spending is not incremental. It is transformative. Leading companies are redesigning their IT architectures for intelligence, not just efficiency.

Recent Strategic Deals in the IT Services Sector
From vertical SaaS to AI-driven consulting, investors and strategics are moving fast to secure strategic footholds in key areas. Here’s a categorized snapshot of the latest deals:
🔐 Cybersecurity & Critical Infrastructure
- Altamount acquires Cybersense GmbH – Expands deception-based defense capabilities for critical infrastructure.
- DIGIT4U acquires Helmich IT-Security GmbH – Strengthens network & security portfolio.
- EWERK acquires sedevo IT Consulting – Adds cybersecurity consulting with critical infrastructure focus.
- 8com joins HANNOVER Finanz – BSI-certified SOC leader expands MSSP reach.
- tmc3 merges with Qodea (Marlin) – Forms pan-European cybersecurity and cloud transformation platform.
☁️ Cloud & Microsoft Ecosystems
- CloudFit (Objektkultur) acquires Inway Systems – ERP and Microsoft Dynamics expertise added.
- collana IT adds Option 4.0 AG and Cloudspirit AG – Microsoft full-stack expansion in DACH.
- Rubicon partners with IceLake Capital – Launches Microsoft-centric buy-and-build strategy.
- Appsfactory (via Cloudfactory) acquires Büro Am Draht – Strengthens cloud-native development.
📊 Data, AI & Analytics
- Synvert acquires brightcon GmbH – Boosts SAP Analytics and DACH footprint.
- TIMETOACT acquires JOIN(+) GmbH – Expands in Data & AI, adds visualization capabilities.
- Sequotech acquires sumIT & ProCloud – Deepens capabilities in BI, analytics, and security.
- NETCONOMY partners with Waterland – Accelerates SAP CX growth with M&A strategy.
🏥 Health Tech & Regulated Industries
- ]init[ acquires HBSN-Gruppe – Builds health sector digital transformation leadership.
- medavis acquires Potthoff + Partner – Adds specialist clinic software to health IT portfolio.
- SPIE Schweiz buys Corporate Software AG – Expands cloud and automation in Switzerland.
🧠 AI, Automation & Specialized Services
- amasol partners with AIOps Ltd. (UK) – Adds automation and AI-SecOps capabilities.
- Salesfive acquires fluent:cx UK – Bolsters AI-based Salesforce services in UK market.
- Springboard Network acquires system.de – Strengthens Cisco integration and managed services.
🌍 International Scale-Ups & Strategic Exits
- Gamma acquires STARFACE (from Maxburg) – Leading UCaaS platform joins European comms leader.
- NTT DATA acquires Niveus Solutions – Boosts Google Cloud capabilities with 1,000 GCP engineers.
- CDW acquires Mission Cloud Services – Expands AWS managed services and GenAI leadership.
- Kearney acquires Project Partners – SAP transformation services added to DACH presence.
Bonus Podcast:
DAWICON CFO Insights – Why would anyone start a private equity firm?
Eike C. Frerichs dives deep into:
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How IT Capital Partners was born
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Overcoming the “chicken-and-egg” problem in fund formation
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Why IT Services entrepreneurs are at the heart of our strategy
🎧 Listen here: DAWICON Podcast

