Funds advised by Apax Partners invest USD 200 million in Fractal Analytics

Apax

Investment will accelerate Fractal’s path to a $1 billion-revenue company in the AI space

New York, London & Mumbai, January 16, 2019: Funds advised by Apax Partners (the “Apax Funds”) have today announced a definitive agreement to invest USD 200m for a significant minority stake in Fractal Analytics, a global provider of AI to Fortune 500 clients. The transaction, which consists of a secondary stake acquired from existing shareholders and a primary investment into the business, is expected to close by February 2019.

Founded in 2000 with the vision of powering every human decision in the enterprise, Fractal Analytics is a strategic analytics & AI partner to the most admired Fortune 500 companies globally. The company will use the investment by the Apax Funds to accelerate growth, both organically and through M&A, and to invest further in AI products and research.

Srikanth Velamakanni, Co-founder, Group Chief Executive and Executive Vice-Chairman of Fractal Analytics, said: “We are making progress on our goal to build a $1 billion-revenue company in the AI space thanks to our relentless focus on serving Fortune 500 companies globally in enabling an AI-led digital transformation in their businesses. We have been fortunate to have the backing of supportive investors in Khazanah Nasional, TA Associates and Mr. Gulu Mirchandani in this journey. We are excited about our new partnership with Apax Partners, who have an enviable track record of building scaled new-age tech services companies.”

Pranay Agrawal, Co-founder and CEO of Fractal Analytics, said: “The demand for AI is surging across the enterprise. Our AI solutions and globally-recognized team of experts empower these organizations to realize and maximize their full potential. The investment from the Apax Funds will accelerate our ability to scale and meet this rising demand globally. It also establishes Fractal Analytics as one of the world’s most well-funded AI providers.”

Rohan Haldea, Partner at Apax Partners, said: “The data and analytics sector is attractive and growing rapidly as companies increasingly see it as a core strategic function of their business. We are delighted to partner with Fractal Analytics who are extremely well-regarded in this space due to their cutting-edge advanced analytics and AI capabilities which help their blue-chip client base solve complex problems. Srikanth and Pranay have done an excellent job building a differentiated company with a clear vision. We look forward to working with them to scale the business further.”

Shashank Singh, Partner at Apax Partners, said: “We are keen to partner with successful companies, like Fractal Analytics, that have become global leaders. Fractal’s strong culture, which fosters employee engagement and innovation, has played a significant role in driving its success. Notably, its ability to attract high-quality data science and engineering talent has allowed the company to stay at the forefront of the rapidly-evolving analytics space.”

Chinta Bhagat, Head of Khazanah in India and chairman of Fractal, said “Khazanah is proud to have been Fractal’s largest shareholder during a period in which it scaled up rapidly into a leading global analytics player. In addition to providing growth capital, Khazanah worked closely with Fractal on streamlining the board, supporting product innovations, and bringing Fractal’s capabilities to Khazanah’s portfolio companies. We wish everyone at Fractal the very best as it embarks on its next stage of growth, and look forward to being supportive partners over the coming years”.

The Apax Funds investment in Fractal Analytics will be its 12th in the Tech Services space globally. Apax has significant experience in partnering with and growing technology services business, such as ThoughtWorks, GlobalLogic, Zensar and EVRY, and will leverage this expertise to help Fractal scale further.

About Fractal Analytics

Founded in 2000, Fractal Analytics is a strategic analytics partner to the most admired Fortune 500 companies globally and helps them power every human decision in the enterprise by bringing analytics & AI to the decision-making process.

Fractal has built several cutting-edge AI product startups within its ecosystem across industries, including:

 – Qure.ai to transform how radiologists make diagnostics’ decisions. Qure’s qXR solution is the first AI-based Chest X-Ray interpretation tool to receive CE certification. Qure’s recently-launched qER solution for interpreting head CT scans has been proven to have more than 95% accuracy in identifying abnormalities.

 – Cuddle.ai to transform how executives make tactical and operational decisions. Cuddle automatically alerts users on what they need to know about their business and allows them to ask questions about their business in natural language.

 – Trial Run to improve strategic and operational decisions. Trial Run is a cloud-based experimentation platform that enables companies across verticals to test, measure and refine strategies before rollout.

Fractal has more than 1,200 consultants spread across 15 global locations including the United States, UK and India. Fractal has been featured as a leader in the Customer Analytics Service Providers Wave™ 2017 by Forrester Research, a Great Place to Work by The Economic Times in partnership with the Great Place to Work® Institute and recognized as a ‘Cool Vendor’ and a ‘Vendor to Watch’ by Gartner. For more information: www.fractalanalytics.com

About Apax Partners

Apax Partners is a leading global private equity advisory firm. Over its more than 35-year history, Apax Partners has raised and advised funds with aggregate commitments of over $50 billion. The Apax Funds invest in companies across four global sectors of Tech & Telco, Services, Healthcare and Consumer. These funds provide long-term equity financing to build and strengthen world-class companies. For more information see: www.apax.com.

Media Contacts

For Fractal Analytics:

Global Media: Sharmila Shah | sharmila.shah@fractalanalytics.com

USA Media: Chris Harihar | chris@crenshawcomm.com

For Apax Partners:

Global Media: Andrew Kenny, Apax | +44 20 7 872 6371 | andrew.kenny@apax.com

USA Media: Todd Fogarty, Kekst | +1 212-521 4854 | todd.fogarty@kekst.com

UK Media: James Madsen / Matthew Goodman, Greenbrook | +44 20 7952 2000 | apax@greenbrookpr.com

 

Notes to Editors

London-headquartered Apax Partners (www.apax.com), and Paris-headquartered Apax Partners (www.apax.fr) had a shared history but are separate, independent private equity firms.

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Vistara Capital Partners is proud to announce our investment in CoolIT Systems.

Vistara

Vistara Capital Partners is proud to announce our investment in CoolIT Systems, the leader in modular liquid cooling technology targeted at data centers. This investment, made by the Vistara Technology Growth Fund III LP, is expected to bolster CoolIT’s anticipated growth as the demand for liquid cooling technology continues to rise.

CALGARY, AL – CoolIT Systems, the world leader in modular, scalable data center liquid cooling technology, has partnered with Vistara Capital Partners as the company expands production capacity to service new and existing global data center customers.

Vistara’s investment was made by the recently announced Vistara Technology Growth Fund III LP, a USD$100 million fund focused on providing flexible and tailored debt financing for technology companies across North America.

“With our order backlog expanding by 400% in the last year, access to additional capital is critical for continued success,” said CoolIT Systems CFO, Peter Calverley. “With the creative financing package provided by Vistara the financial foundation is in place for 2019 to be another year of significant growth in data center liquid cooling sales for CoolIT.”

“CoolIT Systems is at an exciting inflection point, managing a significant expansion of their business as liquid cooling is experiencing accelerated adoption by data center OEMs and operators,” said Vistara Partner, Noah Shipman. “Investment structures that efficiently facilitate growth over time is a hallmark of Vistara. We are thrilled to invest in and support another emerging Canadian technology leader.”

About Vistara Capital Partners

Headquartered in Vancouver BC, Vistara Capital Partners provides highly flexible and tailored technology growth capital for tech companies across North America. Founded, managed, and funded by seasoned technology finance and operating executives, “Vistara” (Sanskrit for “expansion”) is focused on enabling the growth and expansion of its portfolio companies. Additional information is available at www.vistaracapital.com.

About CoolIT Systems

CoolIT Systems specializes in scalable liquid cooling solutions for individual servers through to the world’s most demanding data centers and HPC systems. Through its modular, rack-based Direct Liquid Cooling technology, Rack DCLC™, CoolIT enables dramatic increases in rack densities, component performance and power efficiencies. From Passive Coldplate Loops specifically designed for the latest high TDP processors from Intel, NVIDIA and AMD, to Rack Manifolds and Coolant Distribution Units (CDUs), CoolIT’s reliable technology installs into any server or rack, ensuring ease of adoption and maintenance. For more information about CoolIT Systems and its technology, email or visit https://www.coolitsystems.com/.

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Cinven invests in RTB House

Cinven

Investment in global provider of high-growth digital advertising technology

International private equity firm, Cinven, today announces that it has signed an agreement to invest in RTB House (‘the Company’), a leading global provider of state-of-the-art retargeting technology for leading brands, for an undisclosed consideration.

Headquartered in Warsaw, Poland, RTB House is leveraging deep learning algorithms in order to enable its retail clients to deliver highly relevant digital advertising campaigns to potential customers who have displayed a purchase intent. RTB House has a blue-chip customer base of close to 1,500 clients worldwide including Adidas, Trivago, Orange and Walmart. Established in 2012, RTB House has global operations with 20 offices worldwide and employs more than 400 people across EMEA, APAC and the Americas.

RTB House has achieved several awards for its strong growth and innovative technology. In 2018, RTB House won The AIconics Award in Best Application of Artificial Intelligence (‘AI’) for Sales & Marketing; and was named by the Financial Times as the 8th fastest growing company in the technology sector in Europe.

Cinven’s TMT Sector team worked closely with its Emerging Europe Regional team to develop this primary investment opportunity, given the following attractive attributes:

  • Strong structural growth trends in the global digital advertising software market;
  • Innovative application of AI;
  • Blue-chip customer base of leading brands globally;
  • Opportunity to accelerate the Company’s growth organically; and
  • Excellent management team, led by Robert Dyczkowski, Chief Executive, Bartłomiej Romański, Chief Technology Officer, Daniel Surmacz, Chief Operating Officer, and Wojciech Głowacki, VP of Sales, with a proven execution track record and significant sector technology experience in advertising and e-commerce.

Cinven’s strategy for RTB House is to work alongside the industry leading management team to:

  • Further internationalise the business drawing on Cinven’s presence in the US;
  • Continue investing in the Company’s cutting edge technology;
  • Selectively pursue value- accretive buy and build acquisitions; and
  • Further professionalise the business with international best practices.

Chris Good, Partner at Cinven, said:

“RTB House is a very exciting business that has demonstrated significant growth, has a strong blue-chip client base, and impressive market-leading technology. 

“We look forward to working with the highly talented management team to further grow the business internationally, both organically and through acquisitions. There are particularly exciting growth opportunities in North America where Cinven has previously successfully grown technology-related businesses including CPA Global.”

Adam Prindis, Principal at Cinven, added:

“RTB House operates in a highly dynamic and fast-growing segment of the technology sector. As e-commerce continues to grow, retailers are focusing increasingly on ways to improve their marketing mix with retargeting playing a very important role. We are very excited about the investment in RTB House which offers truly differentiated solutions, based on advanced AI.”

Robert Dyczkowski and Bartłomiej Romański, CEO and CTO of RTB House, commented:

“We are delighted to be working with Cinven. The team’s expertise in the TMT sector, as well as Cinven’s clear ability of working with companies to internationalise their businesses, will immensely benefit RTB House. We will continue to invest in our state-of-the art and innovative technology to drive the Company’s business performance.”

Paweł Chodaczek, the Company’s co-founder and lead investor prior to the transaction, added:

“I am proud of the remarkable success that Robert, Bartłomiej and the whole RTB House team have achieved and that I have had the pleasure to support them at the challenging earliest stages. Cinven’s investment is a sign of not only great appreciation for the team’s efforts so far, but also a unique chance to boost the company’s further growth.”

The transaction is subject to customary regulatory and antitrust approvals.

Advisors to Cinven on the transaction included: Clifford Chance, Deloitte, Medialink, Prohaska, RBC Capital Markets and Vienna Capital Partners.

Advisors to the Company and Shareholders on the transaction included: CC Group and Weil.

Unica acquires Dotwood and strengthens ICT positioning

Triton

Hoevelaken/Amsterdam (The Netherlands), 10 January 2019 – Unica, a Triton Fund IV company, announced the acquisition of DotWood, a specialist in Microsoft Dynamics solutions. The acquisition will strengthen Unica’s activities in the field of ICT, an area Unica Schulte ICT, a Unica company, operates in. The purchase price has not been disclosed.

With DotWood’s solutions, Unica expects to be able to respond even better to its customers’ increasing need for simplifying business processes. Microsoft Dynamics offers powerful applications that enable organizations to improve customer relationship management and planning. Because Microsoft Dynamics can be linked to more and more operational systems, integrated optimization and analysis of business processes is possible.

About Unica
Unica provides a wide diversity of technical solutions for your buildings. Using top-of-the-range, innovative technology and an all-round service package, Unica contributes to socially relevant issues in the field of security, comfort & health, ICT, and energy and sustainability. With a network of ten companies, Unica – with 14 sites and over 2,200 employees – is one of the largest providers of technical services in the Netherlands. Unica is amongst the ‘Top 250 Scale-ups in the Netherlands’, an initiative of the Dutch Ministry of Economic Affairs.

For further information: www.unica.nl

About DotWood
Over the years, DotWood has offered consistent, high-quality services to Microsoft Dynamics customers and thereby assures them of important business benefits of the Microsoft Dynamics CRM solutions. Our expertise comes from years of experience and our solutions meet the requirements of real estate companies, manufacturing & distribution companies, Life Science and service companies.

Our experts communicate in an understandable language, without too many technical concepts. In addition, we believe it is important to integrate our software in a way that suits your company culture and way of working.

DotWood is a Microsoft Gold Partner.

Read more at: www.dotwoodcrm.com/

About Triton
Since its establishment in 1997, Triton has sponsored nine funds, focusing on businesses in the industrial, business services, consumer and health sectors.
The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Europe.
Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvements and growth. The 38 companies currently in Triton’s portfolio have combined sales of around €13.1 billion and around 85,000 employees.

Read more at: www.triton-partners.com

 

Press Contacts:

Triton
Marcus Brans
Phone: +49 69 921 02204

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Burnett Specialists Selects Erecruit’s Enterprise Staffing Software Platform to Drive Business Transformation

STG Partners

Erecruit™, the leading global technology provider and visionary for the staffing industry, today announced Burnett Specialists, Texas’ largest employee-owned staffing & placement agency, has selected Erecruit’s Enterprise Staffing Software Platform to help increase automation and deliver exceptional talent, value and service to customers, consultants and employees as the company continues to scale.

Since 1974, Burnett Specialists has matched thousands of talented and skilled job seekers with top employers across a long list of industries. As the Burnett team has continued to build the company over the years, they have amassed a number of proprietary software applications and have realized those solutions need to be consolidated onto one enterprise-class solution to continue and accelerate their growth.  As technology is evolving and shaping the way recruitment and staffing companies operate, Burnett also made it a point to find a next-generation platform with enterprise-level configurable workflow, alerts and automation within the user interface.

After conducting a thorough ROI analysis on the software options under consideration, Burnett Specialists selected Erecruit’s Enterprise Staffing Software Platform to innovate service delivery while maximizing operational efficiency across the entire staffing lifecycle. Erecruit’s Front Office, Middle Office, eStaff365 Onboarding and TempBuddy modules are designed to automate administrative tasks and integrate with numerous third-party vendors that Burnett works with every day. Additionally, Erecruit’s strong integration with payroll and accounting systems will allow the Burnett team to use margin and financial information to prioritize the most profitable tasks and make the informed decisions that lead to increased revenue and profits. From a desk perspective, Erecruit will help automate dozens of time-consuming administrative tasks so that more time can be spent with candidates, clients, and on strategic activities rather than on administrative processes.

“We are pleased to partner with Erecruit and leverage their Enterprise Staffing Software Platform,” said Sue Burnett, Founder and President, Burnett Specialists. “As we continue to grow, it is imperative to utilize a comprehensive, all-inclusive solution that addresses the needs of our daily business activities today and in the future. Erecruit will empower us to accelerate our digital transformation and ensure we have the ability to grow Burnett Specialists.”

“With the tight labor market, Erecruit helps to differentiate enterprise staffing firms in the constant need to attract, source and onboard candidates,” said Dominic Gallello, President & CEO, Erecruit. “Working with Burnett, we look forward to continuing to enhance our industry leading Pay & Bill solution.”

About Erecruit

Erecruit offers the most comprehensive and innovative end-to-end staffing software platform designed to empower users to achieve exceptional results. The company serves the entire recruitment lifecycle with Erecruit Front Office, Middle Office, Credentialing and VMS solutions for enterprise staffing firms; Adapt Front and Back Office software for newly formed to mid-sized firms, eStaff365 Onboarding, and TempBuddy temporary workforce management platform. Learn more at www.erecruit.com

About Burnett Specialists

Burnett Specialists is a privately-held, employee-owned, Houston-based recruiting, temporary staffing, and headhunting company with offices in Houston, The Woodlands, Austin, El Paso, San Antonio, and Dallas, where they operate as Choice Specialists. Nationally certified as a woman-owned business, Burnett Specialists is widely respected as a diversity vendor.

Burnett Specialists offers their employers and clients the convenience of utilizing one localized source for all their recruitment needs from temporary staffing employees to direct-hire salaried professionals.  They have dedicated recruiting teams that focus specifically on unique skill specializations including: accounting, administrative / clerical, convention support, engineering, healthcare, HR, IT, legal, light industrial, management / professional, manufacturing, medical admin, mortgage / banking / credit union, sales / marketing, supply chain, customer service / call center, and corporate training.

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Nordic Capital acquires BOARD International, provider of the #1 decision-making platform

Nordic Capital

JANUARY 09 2019
Nordic Capital acquires BOARD International, provider of the #1 decision-making platform Image

  • BOARD International offers the only unified platform providing Business IntelligenceCorporate Performance Management and Predictive Analytics
  • The platform enables companies worldwide to achieve a single, accurate and complete view of business information and full control of performance across the entire organisation
  • Nordic Capital will support BOARD International’s continued global expansion and development through investments into the organisation and the platform

Nordic Capital Fund IX (“Nordic Capital”) today announced the agreement to acquire a majority share in BOARD International, the global provider of the cloud-based #1 decision-making platform. Together with BOARD’s founders and management, who will remain significant shareholders in the Company, Nordic Capital will support BOARD’s continued international expansion through investment into the organisation and technology platform. The acquisition is the sixth investment by Nordic Capital’s EUR 4.3 bn Fund IX, and builds on its recognised expertise and outstanding track record in the Technology and Payments sector.

Founded in 1994 and headquartered in Chiasso, Switzerland and Boston, the US, BOARD International enables customers worldwide to effectively deploy Business Intelligence, Corporate Performance Management and Predictive Analytics applications on a single platform. The platform allows companies to achieve a single, accurate and complete view of business information and full control of performance data across their entire organisation. Customers include Coca-Cola, Volkswagen, Puma, Toyota and other well-known international companies and brands. The Founders and Management have chosen Nordic Capital as their preferred strategic partner for further international expansion.

BOARD International has 26 offices around the world which, together with a global partner network, serve more than 3,000 customers in over 100 countries. The Company is fast growing and employs over 300 people in Switzerland, Italy, Germany, France, the United Kingdom, Spain, the Netherlands, Belgium, Denmark, the United States, Mexico, Argentina, Dubai, Hong Kong, India, Japan and Australia.

“As we continue to innovate the BOARD platform, helping customers worldwide to make better business decisions, we are delighted to partner with Nordic Capital to aid our growth. Their expert support will be of great value as we further our expansion in geographies across the globe,” says Giovanni Grossi, CEO and co-founder of BOARD International.

“Nordic Capital is excited about BOARD’s global potential and the impressive growth of the company, clearly leading the way into a new era of corporate decision-making. BOARD is a valuable partner to its customers, as it improves their decision-making effectiveness through its unified platform and by providing cutting-edge, cost-effective, easy-to-use and deploy software. Drawing on Nordic Capital’s significant experience in the technology sector, we intend to support BOARD International in its global expansion,” says Fredrik Näslund, Partner at the Advisor to the Nordic Capital Funds.

The parties have agreed not to disclose the financial details. Subject to customary regulatory approvals, the transaction is expected to close in Q1 2019.

Nordic Capital was advised by Goldman Sachs while BOARD International was advised by UBS.

 

Media contacts:

 

Nordic Capital

Katarina Janerud, Communications Manager
Advisor to the Nordic Capital Funds
Tel: +46 8 440 50 50
e-mail: katarina.janerud@nordiccapital.com

 

BOARD International

Giulia Biondi, Communications Manager
BOARD International
Tel: +41 91 697 54 10
e-mail: gbiondi@board.com

 

About BOARD International:

BOARD is the #1 decision-making platform. Founded in 1994 and headquartered in Chiasso, Switzerland, and Boston, MA, BOARD International has enabled more than 3,000 companies worldwide to effectively deploy Business Intelligence, Corporate Performance Management and Predictive Analytics applications on a single platform. The BOARD platform allows companies to achieve a single, accurate and complete view of business information and full control of performance across the entire organization. Thanks to BOARD, global enterprises such as Coca-Cola, DHL, KPMG, Puma, Siemens, Toyota and ZF Group have deployed end-to-end decision-making applications in a fraction of the time and cost associated with traditional solutions. For further information about BOARD, please visit www.board.com

About Nordic Capital

Nordic Capital is a leading private equity investor in the Nordic region with a resolute commitment to creating stronger, sustainable businesses through operational improvement and transformative growth. Nordic Capital focuses on selected regions and sectors where it has deep experience and a proven track record. Core sectors are Healthcare, Technology & Payments, Financial Services, Industrial Goods & Services and Consumer & Retail, and key regions are the Nordics, Northern Europe, and globally for Healthcare. Since inception in 1989, Nordic Capital has invested EUR 12 billion in over 100 investments. The most recent fund is Nordic Capital Fund IX with EUR 4.3 billion in committed capital, principally provided by international institutional investors such as pension funds. The Nordic Capital Funds and vehicles are based in Jersey and are advised by advisory entities, which are based in Sweden, Denmark, Finland, Norway, Germany and the UK. For further information about Nordic Capital, please visit www.nordiccapital.com

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Universal-Investment acquires labs from Lupus alpha

Montagu

The Universal-Investment group, based in Frankfurt / Main and Luxembourg, is acquiring the Frankfurt-based IT service provider for financial companies, labs, from its former owner, Lupus alpha Asset Management AG. labs will continue to operate as an independent company under the “UI labs” brand.

For Universal-Investment, the acquisition of the IT data specialist – which focuses on front-office and data solutions for financial companies – is yet another step towards becoming the leading European fund-service platform for all asset classes. In doing so, the company will round off its 360-degree portfolio for institutional investors, asset managers and fund initiators.

labs, which was formed in 2009, is amongst the industry’s leading software and IT consultancies. The company integrates heterogeneous data ecosystems, creates data-management solutions compliant with regulatory requirements, and visualises the data. It offers its customers the entire process from a single source – from the initial analysis through to implementation; in doing so, labs specialises in areas such as front-office solutions based on Software-as-a-Service models, data warehousing and analytics, PRIIPs (Packaged Retail and Insurance-based Investment Products) or the German Investment Tax Reform Act (“Investmentsteuerreform”). labs develops software products for asset managers, investment companies, custodians, insurance companies, wealth managers and family offices. In doing so, its team concentrates on the areas of front-office solutions, data management and reporting.

Universal-Investment CEO, Bernd Vorbeck, explains: “Digitalisation, in particular, is an important competitive factor in the financial sector. For Universal-Investment’s business model as an infrastructure platform for the fund industry, it is without doubt the decisive one. Especially, providing and optimising data services is a central issue for developing intelligent, innovative asset management solutions, streamlining processes and boosting efficiency. We’re therefore delighted that labs will become part of our growth strategy.”

Ralf Lochmüller, founding partner and CEO of Lupus alpha, confirms: “We successfully developed labs from an IT startup to an established supplier; we are convinced it will optimally leverage its continued growth potential at Universal-Investment in future.”

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dogado acquires checkdomain and becomes one of the leading hosting providers in Germany

Triton

Dortmund/Lübeck (Germany), 7 January 2019 – dogado GmbH, a company of the Triton III portfolio company European Directories, acquired checkdomain. With the acquisition, dogado now serves more than 190,000 customers with domains, web hosting and cloud services. This makes dogado one of the leading hosting providers in Germany.

The Lübeck-based company checkdomain was founded by Johannes Herold and specialises in domain reservations. With around 800 TLDs from all over the world, checkdomain supports almost every combination of domain extension and desired domain name. Almost 50,000 customers, including customers such as Axel Springer and Sennheiser, value this service and the associated reliability.

For dogado, the acquisition was an important milestone in the company’s own development. Daniel Hagemeier, CEO of dogado, is pleased about the acquisition: “checkdomain and dogado not only share a common market but, above all, a common philosophy: We place the focus on the customer to enable them to operate successfully online. We found the perfect match in checkdomain for providing our customers with ideas for the right name for their online projects.”

Through this acquisition, dogado continues the ongoing consolidation in the hosting market. Thanks to the support of Triton, dogado has completed more than twelve acquisitions in Germany in recent years. Björn Osterloff, Operating Partner and advisor to the Triton funds and responsible for Dogado/EDSA  commented: “Triton’s goal,  through partnership with management teams, is to successfully develop its portfolio companies over the long-term.Together with the dogado management team, we developed a successful acquisition strategy for the hosting market right from the start. Thanks to the rapidly developing size of the company, dogado was able to provide its own customers with an even better portfolio of cloud services.”

About dogado

The dogado group, based in Dortmund, Hanover, Halle (Saale) and Lübeck, is a cloud hosting provider for business customers. After its founding in 2001, the company initially relied on professional hosting services and later, it became one of the first German specialists to offer corporate cloud-based services. With more than 120 employees and the brands checkdomain, BUSYMOUSE, dogado and alfahosting, the Group serves more than 190,000 customers and is one of the leading hosting companies in Germany.

About Triton
The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Europe, focusing on businesses in the Industrial, Business Services and Consumer/Health sectors.

Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvements and growth. The 38 companies currently in Triton’s portfolio have combined sales of around € 13.1 billion and around 85,000 employees.

The Triton funds are advised by dedicated teams of professionals based in Germany, Sweden, Norway, Finland, Denmark, Italy, the United Kingdom, the United States, China, Luxembourg and Jersey.

For more information: www.triton-partners.com

Press Contact:

Triton
Marcus Brans
Phone: +49 69 921 02204

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Universal-Investment acquires labs from Lupus alpha

Montagu

Frankfurt | 07 January 2019

The Universal-Investment group, based in Frankfurt / Main and Luxembourg, is acquiring the Frankfurt-based IT service provider for financial companies, labs, from its former owner, Lupus alpha Asset Management AG. labs will continue to operate as an independent company under the “UI labs” brand.

For Universal-Investment, the acquisition of the IT data specialist – which focuses on front-office and data solutions for financial companies – is yet another step towards becoming the leading European fund-service platform for all asset classes. In doing so, the company will round off its 360-degree portfolio for institutional investors, asset managers and fund initiators.

labs, which was formed in 2009, is amongst the industry’s leading software and IT consultancies. The company integrates heterogeneous data ecosystems, creates data-management solutions compliant with regulatory requirements, and visualises the data. It offers its customers the entire process from a single source – from the initial analysis through to implementation; in doing so, labs specialises in areas such as front-office solutions based on Software-as-a-Service models, data warehousing and analytics, PRIIPs (Packaged Retail and Insurance-based Investment Products) or the German Investment Tax Reform Act (“Investmentsteuerreform”). labs develops software products for asset managers, investment companies, custodians, insurance companies, wealth managers and family offices. In doing so, its team concentrates on the areas of front-office solutions, data management and reporting.

Universal-Investment CEO, Bernd Vorbeck, explains: “Digitalisation, in particular, is an important competitive factor in the financial sector. For Universal-Investment’s business model as an infrastructure platform for the fund industry, it is without doubt the decisive one. Especially, providing and optimising data services is a central issue for developing intelligent, innovative asset management solutions, streamlining processes and boosting efficiency. We’re therefore delighted that labs will become part of our growth strategy.”

Ralf Lochmüller, founding partner and CEO of Lupus alpha, confirms: “We successfully developed labs from an IT startup to an established supplier; we are convinced it will optimally leverage its continued growth potential at Universal-Investment in future.”

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Capricorn ICT Arkiv, Quest for Growth and Pamica invest in Leuven-based scale-up miaa Guard

Leuven, Belgium: 3 January 2019 – Capricorn Venture Partners is investing both from the Capricorn ICT Arkiv as well as from Quest for Growth in a total round of € 3 million in miaa Guard, the Leuven based Identity and Access Management Solutions Company. Pamica, the investment vehicle form Michel Akkermans has also joined the round.

miaa Guard was founded in 2009 under the name of VintiQ by Carlo Schüpp and Ward Duchamps. Both founders are passionate professionals in information security and gained excellent experience at companies such as Swift, Ubizen and Deloitte ERS Security & Privacy. In 2014 the product brand “miaa” was established referring to the ‘management of identity, access and authorization’, which led to the company name “miaa Guard”.

miaa Guard offers a unique cloud-based platform to manage access to digital services. While the miaa platform responds to modern needs of privacy, it offers solutions in a sharing economy. In a sharing economy, consumers and professionals share access to sensitive records and internet-of-things through mobile apps. While traditional security models fail on scale, the miaa platform scales to tens of millions of users with self-service, self-healing and intuitive workflows for managing access.

miaa Guard already implemented its platform throughout the world from India to Poland and from France to the U.S for renowned clients such as Coca-Cola, Mars, Johnson & Johnson, Merck and the NBA. Closer to home, miaa Guard has been involved with smart ticketing at bus company De Lijn and the manufacturer of internet-of-things Hager.

The funds will be used to accelerate the growth of miaa Guard. Both Michel Akkermans and Katrin Geyskens are joining the miaa Guard Board of Directors.

More info on miaa Guard’s website.

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