TENZING advises Rime IT on their sale to NSI IT Software & Services

Rime-IT has been established in 2011 and growing since. Currently its IT professionals are active in public sector organizations, large companies, and European institutions. David Bavay, CEO of Rime IT, saw the opportunity to ensure long term sustainability by partnering with NSI whereas the added value of the operation comes through a diversification of the client base and the integrating into an IT group with complementary and large capabilities.

Rime-IT is an IT services company with headquarters in Steinfort employing 60 staff to support their customers in their everyday IT projects, offering client expertise flexibility, and responsiveness. Rime IT is ISO 9001:2015 certified and also certified Best Workplaces® in Luxembourg in the Small Companies category since 2020.

With 950 employees, the NSI Group which is a subsidiary of Cegeka and Noshaq (formerly Meusinvest) stands out for its customer-centric approach, using state-of-the-art technology to deliver IT solutions and services that help businesses achieve their strategic goals.

“Integrating a company with strong values and ambitions was not an opportunity to be missed. After 10 years of continuous growth, it was time for us to take things to the next level. We are now eager to create the first synergies and participate in the growth of a high value-added group.” – David Bavay, CEO of Rime IT

“We were pleased to accompany David in the sale process of Rime IT and appreciate the collaboration during this period starting with the in depth understanding / analysis of the business, the contact with different strategic targets, the negotiation of offers and the management of the closing with the different stakeholders.” – Joubin Bashiri, Partner at Tenzing partners SA

“Thank you to Tenzing and his entire team for their support during my transaction. The expert advice and availability make this company an ideal partner for any M&A” – David Bavay, CEO of Rime IT

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