German IT services provider q.beyond has sold its Nuremberg data center to financial software firm DATEV.

In June q.beyond, formerly known as QSC, said it was considering selling its colocation business, including potentially the sale of a majority stake or a full divestment.

The company currently operates three data centers in Munich and Nuremberg through its wholly-owned IP Exchange GmbH subsidiary.

The Nuremberg location was managed in a separate company, IP Colocation GmbH. DATEV has acquired 100 percent of IP Colocation. The purchase price has not been disclosed.

Based in Nuremberg and founded in 1966, DATEV provides software for tax consultants, lawyers, and auditors. Previously a customer at q.beyond’s facility in Nuremberg, DATEV has been leasing around 1,000 sqm (10,700 sq ft) since 2011 at the then-newly-built facility.

"We are very proud of the trust that DATEV is placing in our Housing and Hosting specialist IP Partner, since smooth operation of its data centers is mission-critical to the DATEV business model," said then-CEO of QSC Dr. Bernd Schlobohm.

With the sale of the IP colocation, q.beyond said its “room for manoeuvrer for further acquisitions” has increased, and it is interested in the majority takeover of technology companies that strengthen the existing industry focus, expand the product portfolio or supplement the existing technology competence.

q.beyond said it would ‘decide on the future of IP Exchange GmbH in autumn 2021.'