OVERVIEW
Santa Monica Networks is the market leader in IT integration services in Latvia and Lithuania with a focus on high-growth areas such as networking, cybersecurity, and solutions for data centers. Company has the region's top talent in those areas, as well as partnerships with leading global IT infrastructure vendors, and the established reputation of a trusted B2B technology partner. SMN clients include large enterprises and medium-size businesses, as well as government and financial institutions.
Livonia acquired a majority stake in the company in 2017, with the management keeping a minority share. Santa Monica Networks was sold to a strategic player LMT in 2021.
Sustainability & WHY WE INVESTED
By building an innovative infrastructure and processes, Santa Monica Networks inspires its clients to advance toward joining the ranks of the best run organizations in the world. The company is one the largest partners of Cisco in the region.
KEY FACTS
- Investment date: 2017
- Exit date: 2021
TEAM
- Kristīne Bērziņa
- Ernests Bordāns
- Sandija Kulbe
Livonia Partners signs an agreement to sell majority stake in Santa Monica Networks to LMT
The transaction is a second exit for Livonia Partners Fund I.
Livonia Partners to acquire Santa Monica Networks in Latvia and Lithuania together with management
Livonia Partners, the pan-Baltic private equity firm, and Santa Monica Networks management, agreed to acquire Santa Monica Networks, leading providers of network and IT security solutions in the Baltic region.