Dstny, founded in 2008 and Belgian by origin, is a provider of secure cloud communications solutions, focusing mainly on innovative Dutch, Belgian and French enterprises. Now with more than 300 employees spread across France, Belgium and the Netherlands and a turnover of 85 million euros in 2019, the telecom company is the fastest-growing cloud and telecom player on the B2B market.
Using the Dstny cloud platform, companies can communicate more efficiently from anywhere and with any device thanks to the seamless blend of telecom and IT in the underlying architecture. Dstny thereby offers highly flexible and scalable solutions, which are perfectly tailored to the customer’s current and future needs.
In November 2019, Dstny exchanged its financial partner Mentha Capital for Apax Partners. With Mentha Capital's support, the company had grown to become the leading B2B cloud communications challenger in the Benelux. The advent of Apax Partners marks the initiation of pan-European growth.
In Dstny, the judges honoured a fast and profitable growth company. In 2008, the company was still a start-up operating from the bedroom of brothers Daan and Samuel De Wever. Twelve years later, Dstny has an expected turnover of 95 million euros and an EBITDA of 15 million euros, five times that of 2016. The judges praised the clear vision and the strategy to be pursued in cloud communications, as well as the clear way this was communicated. By expanding its own technology, Dstny makes itself less dependent on the major telecom players.
A close and successful partnership with a first private equity investor transformed the company from a local player into a full-blown Benelux player. Following the advent of the new private equity partner, European expansion beckons.
The winners were officially announced at a digital ceremony on 29 October 2020.
“We are very pleased to have been able to arrange this award ceremony for the third time now. This year, we again put the spotlight on nine nominated top companies which have growth and international expansion in common, in Europe and beyond. The judges selected three deserving winners. All winners and nominees individually are wonderful illustrations of the partnership between entrepreneurs and managers on the one hand and private equity investors on the other - the latter not only providing capital but also helping companies with advice and support,” said BVA Chairperson Joëlle Starquit,.
Didier Beauvois, Head of Corporate Banking and Member of the Executive Board of BNP Paribas Fortis added: "As a co-founder of the BVA Private Equity Awards we were once again very enthusiastic co-organisers of this event. We do it because, on the one hand, we think it is very important to make Belgian growth business stand out. On the other, this partnership provides us with the opportunity to demonstrate how private equity can realise companies’ growth potential. We have been offering companies prospects in every phase of the life cycle by this means for more than 35 years. We are therefore strongly convinced of the power of this form of financing”.