# Cédric Varasteh

> Cédric Varasteh is the French founder of ETC Group, established in 1993 and renamed Netceed in 2023. He also founded USTC Corp in 2017 and led the group’s international expansion through acquisitions and investment partnerships with Carlyle and Cinven. He handed the Group CEO role to Alper Turken in February 2024 and became chairman; Netceed appointed Rajeev Suri chairman in February 2026.

- **Role:** Founder and former Group CEO at Netceed
- **Organizations:** ETC Group / Netceed, USTC Corp
- **From:** Rasht, Iran
- **Nationality:** French
- **Known for:** Founded the business that became Netceed and led it for approximately three decades., Built USTC’s US expansion through the Walker, Comstar Supply and Multicom acquisitions., Led the group into the Netceed global brand transition announced in March 2023.

## Career timeline

- **1993** — Founded Euro Techno Com (ETC) in France.
- **2017** — Founded USTC Corp in the United States.
- **2019** — Carlyle announced its investment in ETC on 4 September.
- **2021** — USTC acquired Walker and Associates in July and Comstar Supply in August.
- **2022** — USTC acquired Multicom in June. Cinven acquired a majority stake in ETC in October; Varasteh and Carlyle reinvested in significant minority stakes.
- **2023** — ETC announced the BTV Multimedia and Amadys transactions and its transition to the Netceed brand.
- **2024** — On 19 February, Alper Turken succeeded him as Group CEO; Varasteh moved to chairman.
- **2026** — Netceed appointed Rajeev Suri chairman on 2 February, alongside a recapitalization and ownership transfer to institutional investors.

## Achievements

- Founded the business that became Netceed and led it for approximately three decades.
- Built USTC’s US expansion through the Walker, Comstar Supply and Multicom acquisitions.
- Led the group into the Netceed global brand transition announced in March 2023.

## Latest updates

- **2024-02** — Moved from Group CEO to chairman as Alper Turken became CEO on 19 February.
- **2026-02** — The company he founded completed a recapitalization, transferred ownership to investors including Pemberton, Blue Owl and Hayfin, and appointed Rajeev Suri chairman. This is company context, not a new personal appointment for Varasteh.

## Links

- LinkedIn: https://fr.linkedin.com/in/c%C3%A9dric-varasteh-8b0b62165

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Profile page: https://yespress.io/cedric-varasteh
Published by YesPress — https://yespress.io
Last updated: 2026-10-16