Fellowmind Due Diligence

Run due diligence on Fellowmind: check compliance and get alerts when suppliers change.

Netherlands · www.fellowmindcompany.com · 8 vendors

Fellowmind is a European technology company and a leading Microsoft partner specializing in Business Applications, Cloud Infrastructure, Data & Analytics, and Modern Workplace solutions. The company helps customers accelerate their digital transformation by implementing integrated platforms and using Microsoft Cloud solutions, aiming to make technology work for people.

Resilience scores

Technology vendors

Services catalogue

10 services in catalogue across 5 categories; runs on 8 sub-vendors.

Insights

Last updated 2026-04-15 · revision 2

8 direct vendors, 102 subvendors

Direct vendors by controlling owner country (sample)

Subvendors by controlling owner country (sample)

Compliance

4 in-scope frameworks identified; showing 3.

SOC 2 (source) — No public evidence

Evidence: https://www.fellowmind.com/en/solutions/cloud-infrastructure-security/, https://www.fellowmind.com/en/services/managed-services/, https://www.fellowmind.com/en/solutions/data-and-analytics/

ISO 27001 (source) — No public evidence

Evidence: https://www.fellowmind.com/en/solutions/cloud-infrastructure-security/, https://www.fellowmind.com/en/services/managed-services/

GDPR (source) — No public evidence

Evidence: https://www.fellowmind.com/en/privacy-policy/, https://www.fellowmind.com/en/about-us/key-facts-and-figures/

Financials

Three-year financials

Financial Resilience Score: 6/10

Fellowmind demonstrates solid structural resilience underpinned by a recurring managed services revenue model, deep Microsoft partnership credentials (Inner Circle top 1% globally since 2013, all six Cloud Partner designations, EMEA Channel Partner of the Year 2025), and a diversified five-country European footprint. These factors provide predictable revenue streams, competitive differentiation, and reduced single-market exposure. Employee co-ownership across 600+ staff and a meaningfully improved eNPS (38 in 2024 vs. 28 in 2023) further support operational stability and talent retention. However, the revenue growth rate decelerated sharply to just +1.6% in FY 2024, suggesting organic momentum has slowed considerably following a period of rapid M&A-driven expansion (12 acquisitions, 2019–2024). No acquisitions were completed in 2024, and the April 2025 divestiture of Germany removes approximately 7.5% of the workforce. While the company describes itself as profitable, the complete absence of publicly disclosed EBIT, net income, equity, or debt data makes independent financial assessment impossible, which is a significant limitation for counterparty or credit evaluation purposes. The single-vendor concentration risk is material: virtually the entire business model is dependent on Microsoft's technology stack, partner program economics, and strategic direction. Any adverse shift in Microsoft's partner terms, pricing, or product roadmap could be disproportionately disruptive. Additionally, FSN Capital V's finite fund life introduces medium-term ownership uncertainty, and CSRD compliance obligations from FY 2025 will add reporting and audit cost burdens. Overall, Fellowmind presents as a financially stable, modestly growing private IT services business with strong market positioning within its Microsoft niche, but limited external verifiability of financial health, decelerating top-line growth, and meaningful concentration risks temper the resilience score to a moderate level.

Key strengths: Recurring Connected Managed Services revenue model providing predictable income streams, Microsoft Inner Circle membership (top 1% globally since 2013) and all six Cloud Partner designations, Named Microsoft EMEA Channel Partner of the Year 2025, Diversified five-country European footprint (Netherlands, Denmark, Finland, Sweden, Poland), FSN Capital V (Nordic PE) backing with structured ESG governance and long-term orientation, 600+ employee co-owners aligning workforce incentives with business performance, cNPS of 39 in 2024 indicating strong customer retention, eNPS improved significantly to 38 in 2024 from 28 in 2023, Growing AI/Copilot and sustainability services revenue streams (HiveAI, Sustainability CoE), Turnover more than doubled since 2019 through organic growth and 12 acquisitions

Risk factors: Single-vendor concentration: entire business model dependent on Microsoft stack and partner program terms, Revenue growth deceleration to +1.6% in FY 2024 after rapid M&A-driven expansion phase, No acquisitions completed in 2024; Germany divested April 2025 removing ~7.5% of workforce, PE ownership exit risk: FSN Capital V has finite fund life, creating future ownership uncertainty, Complete absence of publicly disclosed EBIT, net income, equity, and debt data limits external assessment, Intense competition for skilled Microsoft professionals; 282 FTE employee turnover in 2024, CSRD compliance obligations from FY 2025 will increase reporting and audit costs, Average gender pay gap of 13.4% in 2024 creating potential reputational and regulatory risk, Workload and work-life balance flagged as areas needing attention in employee feedback

Revenue by geography

Revenue by product/service

Workforce by country

Signed-in users can see whether their own company is exposed to this vendor's disruption, plus the full sub-vendor list and country breakdowns, every in-scope compliance framework plus gaps and next steps, and alerts when any of it changes.

View the full interactive report