ConXioN - Comprehensive Analysis Report

Summary

ConXioN is a prominent Belgian ICT service provider, established in 1997 and headquartered in Deerlijk, Belgium. The company's core mission is to empower clients in their digital transformation journeys by strategically integrating IT as a fundamental business asset. ConXioN operates across SME, Midrange, and Enterprise segments, delivering comprehensive solutions that span hardware, network infrastructure, security, and software. Its vision extends beyond technology, aiming to enhance the value each person brings to a community that nurtures success and fosters social equity, while actively contributing to UN global goals such as decent jobs, economic growth, reduced inequality, and responsible consumption. ConXioN is a significant player in the Belgian IT landscape, acting as a trusted advisor to businesses seeking future-proof digital solutions.

1. Strategic Focus & Objectives

Core Objectives

ConXioN's main business objectives revolve around facilitating digital transformation and securing technological advantages for its clientele. The company aims to provide proactive advice and seamless integration of its solutions into clients' business processes, positioning itself as an extended arm of their ICT departments. A long-term goal is to offer "future-proof" IT services by leveraging innovative technologies.

Specialization Areas

ConXioN specializes in a broad suite of integrated ICT solutions, including:
Modern Workplace Solutions: Enhancing productivity and collaboration.
Business Applications: Tailored software solutions to optimize operations.
Hybrid Cloud Environments: Expertise in both cloud-first strategies and on-premise infrastructure support since 2008.
Robust Security Services: Comprehensive cybersecurity measures including intelligence-driven approaches.
Connectivity: Ensuring reliable and high-performance network infrastructure.
Data & AI Solutions: Leveraging data analytics and artificial intelligence for strategic insights and automation.
The company's unique value proposition lies in its "Cloud First" advocacy, combined with a comprehensive offering across critical IT domains, and a commitment to integrating pioneering technologies like IoT and Artificial Intelligence.

Target Markets

ConXioN primarily targets:
Small and Medium-sized Enterprises (SMEs)
Midrange companies
Enterprise segments
Government organizations
The company's market positioning strategy emphasizes being a holistic ICT partner capable of addressing diverse and complex digital needs across these segments.

2. Financial Overview

Funding History

ConXioN has demonstrated steady financial growth, culminating in significant revenues and strategic investments.
Total Funds Raised to Date: Specific cumulative funding details are not publicly detailed beyond the private equity investment.
Detailed Breakdown of Recent Funding Rounds:
Date and Amount: In May 2021, Vectis Private Equity became an active investor. The specific investment amount was not disclosed, but it was described as a significant capital injection.
Key Investors: Vectis Private Equity.
Fund Utilization: The investment was designated to support ConXioN's growth strategy, including potential complementary acquisitions and further professionalization of its operations.
Impact on Company Growth: This investment has been instrumental in enabling the company's expansion, evidenced by its increased revenue and workforce.
As of September 30, 2022, the company reported an annual revenue of €28.4 million.
In 2024, ConXioN reported an annual revenue of €41,709,703, with a net profit of €1,977,624.13.
The company's total assets in 2024 were valued at €39,330,209.44, with total debts amounting to €31,465,411.42 and an equity of €7,864,798.02.

3. Product Pipeline

ConXioN's offerings are structured around key specialization areas, acting as its core services.
Modern Workplace Solutions:
Description: Comprehensive tools and services to create efficient, collaborative, and secure digital work environments.
Development Stage: Continuously evolving with new technologies and client needs.
Target Market/Condition: Businesses aiming to enhance employee productivity, flexibility, and collaboration.
Key Features and Benefits: Integration of communication platforms, document management, device management, and user support for seamless operations.
Business Applications:
Description: Design, implementation, and management of specialized software applications to streamline business processes.
Development Stage: Ongoing development, customization, and integration based on client requirements.
Target Market/Condition: Organizations seeking to optimize specific workflows, improve data management, and gain operational efficiencies.
Key Features and Benefits: Tailored solutions for ERP, CRM, and other enterprise systems, enabling automation and enhanced decision-making.
Hybrid Cloud Environments:
Description: Strategy and implementation for integrating public and private cloud resources with on-premise infrastructure.
Development Stage: Continuous adaptation to new cloud services and hybrid models.
Target Market/Condition: Businesses requiring scalable, flexible, and secure IT infrastructures with a blend of on-site and cloud capabilities.
Key Features and Benefits: Cost efficiency, enhanced data security, disaster recovery, and agile resource provisioning.
Security Services:
Description: A full spectrum of cybersecurity solutions, including threat intelligence, endpoint detection, and incident response.
Development Stage: Constantly updated to counter emerging cyber threats and regulatory changes.
Target Market/Condition: All organizations, particularly those facing increasing cyber risks and complex compliance requirements like NIS2.
Key Features and Benefits: Proactive threat prevention, rapid detection and response, data protection, and compliance assurance through platforms like SentinelOne.
Connectivity:
Description: Provision and management of high-performance network infrastructure and internet services.
Development Stage: Ongoing optimization and deployment of advanced networking technologies.
Target Market/Condition: Companies requiring reliable, fast, and secure network access for their operations.
Key Features and Benefits: High-speed internet, secure VPNs, optimized internal networks, and robust bandwidth management.
Data & AI Solutions:
Description: Services for data analytics, machine learning, and artificial intelligence integration.
Development Stage: Active exploration and integration of Generative AI and other AI applications.
Target Market/Condition: Businesses looking to derive insights from data, automate processes, and innovate with intelligent technologies.
Key Features and Benefits: Predictive analytics, enhanced decision support, process automation, and new service development through AI tools.

4. Technology & Innovation

Technology Stack

ConXioN leverages a robust technology stack and strong partnerships to deliver cutting-edge solutions:
Core Platforms and Technologies: Microsoft Azure, Office 365, and AI-driven security platforms like SentinelOne.
Proprietary Developments: While specific proprietary software is not detailed, ConXioN focuses on developing intelligence-driven cybersecurity approaches and integrating innovative solutions tailored to client needs.
Scientific Methodologies: Employs a "Cloud First" approach dating back to 2008 and is actively integrating Generative AI in collaboration with Microsoft.
Technical Capabilities: Extensive expertise across hardware, network infrastructure, security, and software, including IoT and Artificial Intelligence. The company actively explores AI tools such as LegalFly.
ConXioN's commitment to innovation is exemplified by its "Experience Center" in Waregem, where clients can interact with state-of-the-art digital environments, explore pioneering technologies, advanced cybersecurity solutions, and GenAI applications firsthand. The company also strategically utilizes AI to enhance internal processes, such as streamlining recruitment.

5. Leadership & Management

Executive Team

ConXioN's leadership comprises experienced professionals driving its strategic vision and operational excellence:
Chris Debyser: Founder and CEO. Founded ConXioN in 1997 and has been the driving force behind its growth, including the early adoption of a "Cloud First" strategy.
Jochen Maertens: Managing Director. Appointed in September 2023, he brings over 25 years of executive experience, strengthening the company's strategic and operational leadership.
Pedro Deryckere: Cybersecurity & Threat Intelligence (CTI) Alliance Director. Appointed in January 2026, Pedro is a distinguished former official in Belgian federal cybersecurity, tasked with developing an intelligence-driven cybersecurity strategy across the ConXioN Group.
Kevin Couvreur: Experience Center Director. Instrumental in showcasing groundbreaking technologies and facilitating interactive learning experiences at the ConXioN Experience Center.
Gille Derammelaere: Business Unit Manager. Actively involved in the company's strategy for sharing cyber intelligence.
Thomas Dhondt: CFO. Formerly a top executive at Proximus, Thomas leads the financial strategy for ConXioN-Groep.
Hanne Vermès: HR Manager. Leads the human resources team, which includes Demi De Jonge (Talent Acquisition Officer), Niels Rottiers (HR Business Partner), Hera Vanneste (HR Business Partner), and Annelieke Declerck (Payroll Officer).

Recent Leadership Changes

ConXioN has seen several strategic additions to its leadership team:
In September 2023, Jochen Maertens joined as the new Managing Director, taking on a crucial role in enhancing the company's strategic and operational direction.
In January 2026, Pedro Deryckere was appointed as the Cybersecurity & Threat Intelligence Alliance Director, bringing extensive federal cybersecurity expertise to the company.
Thomas Dhondt also joined the ConXioN-Groep as CFO as part of the recent leadership appointments, reinforcing the financial management.

6. Talent and Growth Indicators

Hiring Trends and Workforce

ConXioN demonstrates robust growth in its workforce and maintains a strong focus on employee well-being and development.
Company Size and Expansion Metrics: The employee count increased from 90 employees as of September 30, 2022, to 99.40 full-time equivalents (FTEs) in 2024. The company currently refers to its team as "nearly 250 ConXioNeers" across its client base, indicating significant growth.
Current Hiring Patterns and Open Positions: ConXioN is actively recruiting for a variety of roles across key areas, including Business Applications, Infrastructure, Modern Workplace & Cloud, Operations & Customer Experience, and Sales & Marketing.
Employee Sentiment and Culture Insights: The company is recognized as a "Great Place to Work®," reflecting its commitment to a positive employee environment. ConXioN fosters a familial