Simplifying recruitment with Artificial Intelligence

San Francisco, 6 October 2020

AllyO

GP Bullhound acted as the exclusive financial adviser to AllyO, a leading HR SaaS and AI company, on the sale of its business to HireVue, the global leader in virtual interviewing and assessments technology, majority owned by the Carlyle Group.

AllyO, based in Palo Alto, California, provides a SaaS AI solution to engage and qualify job seekers, automate recruiting processes, and deliver actionable insights to hiring managers. The company’s platform targets enterprises and was primarily backed by Sapphire and Bain Capital Ventures.

“AllyO is a natural extension to HireVue’s solutions and we are thrilled to become a part of it,” said Sahil Sahni and Ankit Somani, Co-founders of AllyO. “Uniting AllyO’s continuous, personalized candidate engagement with HireVue’s video interviewing and assessments will increase hiring velocity and talent quality for companies, allowing candidates to connect on their own terms to more fully showcase their potential.”

Jonathan Cantwell, Partner at GP Bullhound, stated: “We are proud to have helped AllyO find its ideal strategic partner in HireVue and complete a successful deal for the stakeholders. The combination creates an undisputed leader in the recruitment space. We look forward to seeing their growth and success for years to come.”

This represents GP Bullhound’s 21st transaction in the last year, of which 12 SaaS transactions, and is a further testament to the firm’s expertise in the HCM software sector, having previously advised TextRecruit in its sale to iCIMS, Zugata in its sale to CultureAmp, and Multiposting in its sale to SAP, among others.

About GP Bullhound

GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the world’s best entrepreneurs and founders. Founded in 1999, the firm today has offices in London, San Francisco, Stockholm, Berlin, Manchester, Paris, Hong Kong, Madrid and New York. For more information, please visit www.gpbullhound.com.

For enquiries, please contact:

Jonathan Cantwell, Partner and Head of Software

jonathan.cantwell@gpbullhound.com Brandon Overmyer, Vice President

brandon.overmyer@gpbullhound.com

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TA Associates Completes Significant Growth Investment in Priority Software

TA associates

BOSTON, LONDON, and Tel Aviv District, ISRAEL – TA Associates, a leading global growth private equity firm, today announced that it has completed a significant growth investment in Priority Software Ltd., a leading global provider of Enterprise Resource Planning (ERP) software.

TA joins existing investor Fortissimo Capital, a leading private equity firm based in Israel and focused on special situations and growth opportunities, as an institutional investor in Priority Software. Financial terms of the transaction were not disclosed.

Founded in 1986, Priority Software provides end-to-end cloud-based (SaaS) and on-premise business management solutions for organizations of all sizes to improve business efficiency and the customer experience. The company’s Priority PRO product provides comprehensive ERP software for medium to large organizations encompassing demand planning, manufacturing operations, financial management, human capital management, procurement and supply chain management. Priority Software also provides business management software for smaller companies that focuses on financial management, reporting and accounting. The company has more than 10,000 customers and over 300,000 end users across multiple end markets, including manufacturing, construction, healthcare and pharma, services, and retail and wholesale. Priority Software has more than 200 employees located across five offices in Israel, the U.S., the UK and Belgium.

“TA’s extensive experience investing in the enterprise software space and in partnering with growing companies like Priority Software made the firm an attractive investment partner,” said Andres Richter, CEO of Priority Software. “We’ve identified opportunities to accelerate our growth and further expand Priority Software’s market penetration both nationally and internationally, and we believe that TA will be a valuable partner for us alongside Fortissimo to help us realize our ambitions.”

“Priority Software is considered by many to be a market leader in the Israeli ERP space, and we believe that the company has significant untapped potential,” said Stefan Dandl, a Senior Vice President at TA Associates who has joined the Priority Software Board of Directors. “Additionally, there is significant opportunity for Priority Software to expand internationally in its addressable market through acquisitive and organic growth. We look forward to partnering with the Priority Software and Fortissimo teams in these growth efforts.”

“We have been following Priority Software for several years and have been impressed by the quality of the company’s management team and the growth they have achieved to date,” said Naveen Wadhera, a Managing Director and Co-head of the EMEA Technology Group at TA Associates who has joined the Priority Software Board of Directors. “The ERP market continues to see strong growth globally, driven by a need for operational efficiency and transparency, coupled with increasing adoption of cloud-based solutions. We believe that Priority Software’s flexible, innovative and high-quality products make it well-positioned to capitalize on these opportunities, and we are pleased to become an investment partner alongside Fortissimo as the company enters its next stage of growth.”

“As a firm focused on creating value from growth, Fortissimo is proud to have partnered with the Priority Software team and been a part of the company’s rapid growth over the last six years,” said Yuval Cohen, Managing Partner at Fortissimo Capital. “We continue to believe in Priority Software’s growth potential in Israel as a result of its leadership position, loyal customer base and superior technology and its potential to continue driving growth worldwide. We are excited to welcome TA as a new partner to further accelerate Priority Software’s growth.”

About Priority Software
Priority Software provides flexible, end-to-end business management solutions for organizations of all sizes in a wide range of industries, from a fully featured ERP platform serving multinational corporations, to small and growing businesses. Recognized by top industry analysts and professionals for its product innovation, Priority Software improves business efficiency and the customer experience, providing real-time access to business data and insights in the cloud, on premise and on-the-go. With offices in the U.S., the UK, Belgium and Israel, and a global network of business partners, Priority Software enables more than 10,000 companies in 40 countries to manage and grow their business. For more information, visit www.priority-software.com.

About TA Associates
TA Associates is a leading global growth private equity firm. Focused on targeted sectors within five industries – technology, healthcare, financial services, consumer and business services – TA invests in profitable, growing companies with opportunities for sustained growth, and has invested in more than 500 companies around the world. Investing as either a majority or minority investor, TA employs a long-term approach, utilizing its strategic resources to help management teams build lasting value in high quality growth companies. TA has raised $33.5 billion in capital since its founding in 1968 and is committing to new investments at the pace of over $2 billion per year. The firm’s more than 90 investment professionals are based in Boston, Menlo Park, London, Mumbai and Hong Kong. More information about TA Associates can be found at www.ta.com.

About Fortissimo Capital
Fortissimo Capital is a private equity fund, established in 2004, that invests primarily in Israeli-related technology and industrial companies to expedite growth. Fortissimo raised $1.6 billion across five funds. Fortissimo Capital is a special situations and growth capital Israeli-related private equity fund focused primarily on maturing technology and industrial companies that are at a point of inflection. Fortissimo’s investment strategy is to achieve capital appreciation through taking a leading role and active approach in Israeli-related global businesses that require immediate and significant change, or stimulation of growth and by building business fundamentals to facilitate sustainable long-term growth and value creation. More information about Fortissimo Capital is available at www.ffcapital.com.

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ST Engineering Accelerates Hybrid Multi-Cloud Management and Governance Capabilities with Investment in CloudSphere

Atlantic Bridge

 

Singapore and Los Altos, CA., 6 October 2020 – ST Engineering today announced that its Corporate Venture Capital unit, ST Engineering Ventures, has joined Atlantic Bridge in the closing of a strategic investment round in CloudSphere Limited, a cloud management and governance provider headquartered in Los Altos, California and Dublin, Ireland.

The investment in CloudSphere also includes a commercial agreement that enables direct access to hybrid multi-cloud management and governance software and expertise, immediately enhancing ST Engineering’s current cloud portfolio beyond assessment, planning and migration. This is in line with the Group’s goal to accelerate and scale its capabilities in Professional and Managed Services in public clouds to provide greater value to its customers and drive long-term growth for the company.

“Large enterprises are operating in hybrid and multi-cloud environments, and using many different sets of tools in resource provisioning and monitoring, cost reporting, security and identity dashboards with multiple, disparate control planes. Our partnership with CloudSphere will allow our customers to gain greater visibility and control of their multi-cloud inventory, performance and costs. This enhanced cloud Managed Service Provider capability will empower us to seize the opportunities with cloud technology,” said Ravinder Singh, President of ST Engineering’s Electronics sector.

“The transition to the cloud will continue to accelerate as forward-looking organisations like ST Engineering help enterprises navigate their digital transformations,” said Patrick McNally, Chief Executive Officer of CloudSphere. “We are excited to work closely with ST Engineering on joint go-to-market activities where our expertise in automation for cloud security and identity governance will allow us collaborate and provide valuable solutions to their customers.”

CloudSphere’s flagship Cloud Governance Platform helps control the challenges of increasingly complex public cloud deployments with automation and intelligence that dramatically simplifies how operators govern access to critical resources, minimise security risks and manage spending in the cloud. It is the only Cloud Governance Platform that takes the key data points from application discovery and migration planning to group cloud resources by application. This unique approach allows more intuitive governance of cloud resources at the application level.

With offices in Singapore, San Francisco, U.S.A., and Tel Aviv, Israel, ST Engineering’s Corporate Venture Capital unit scouts for and invests in promising technology start-ups in high growth areas such as robotics, autonomous technology, data analytics, cybersecurity and emerging technologies. It aims to build successful, collaborative relationships with start-ups, combining technologies and expertise to co-create breakthrough solutions while enabling their access to the Group’s global business ecosystems, expertise and resources.

Atlantic Bridge

 

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Tim and Ardian have finalized the investment in Inwit

Ardian

TIM holds 51% of the holding company with 30.2% of INWIT; the Consortium of investors led by Ardian holds the remaining 49%

Rome, 2 October 2020 – TIM and Ardian, a world-leading private investment house operating in the infrastructure sector, announce that they have finalised the agreement communicated last 24 June for a partial sharing of the investment in Infrastrutture Wireless Italiane S.p.A. (INWIT). The transaction consists of the purchase by a consortium of institutional investors led by Ardian of a 49% stake in Daphne 3, a newly-established holding company controlled by TIM, to which TIM has transferred a 30.2% stake in the share capital of INWIT. The holding company takes over from TIM – for the stake in INWIT transferred – in the shareholder agreement existing between TIM and Vodafone Europe B.V., by virtue of which they jointly control INWIT.

Relations between TIM (which retains control over the holding company) and the consortium led by Ardian are regulated by a specific shareholders’ agreement, the contents of which were disclosed to the market last 29 June.

The transaction does not entail any mandatory takeover bid, as confirmed by Consob, and has been approved in accordance with Golden Power regulations; the value of the transaction for TIM is 1.35 billion euros in respect of an INWIT share value of €9.47 (ex-dividend).

Of the remaining direct stake held by TIM in INWIT, equating to 3% of its capital, today 1.2% was sold for 109 million euros, to a vehicle managed and assisted by Canson Capital Partners (Guernsey) Limited, which also has an option to purchase the remaining 1.8% for a price of 161 million euros.

The Board of Directors of Daphne 3 has the following members: Marco Patuano (Chairman), Carlo Nardello (Chief Executive Officer), Davide Carlino, Sabrina Di Bartolomeo, Laurent Fayollas, Agostino Nuzzolo and Frédéric Jean Daniel Payet.

The investment in Daphne 3 represents the first step of a long-term partnership between TIM and Ardian, aimed at strengthening the leadership of INWIT on the Italian telecommunications market, leveraging the growth of data traffic and the new opportunities arising from the implementation of 5G.

Mathias Burghardt, Member of Ardian’s Executive Committee and Head of Ardian Infrastructure, said: “This investment of great strategic value further demonstrates our commitment to Italy, a core market for us in which we have been investing for more than a decade. Alongside major industrial partners, we have contributed to long-term sustainable growth plans and value creation for all stakeholders. We are very pleased to start building a strong partnership with TIM. Together with TIM and Vodafone, we will support the management team in the ambitious growth plan for this essential technological infrastructure”.

Since 2005 Ardian Infrastructure has made more than 45 investments for a total of 16 billion dollars, managed or advised, with a team of 40 professionals specialized in infrastructure investments worldwide. In Italy, always considered a key market, as a long-term strategic partner, since 2007 Ardian has invested approximately 3 billion euros in infrastructure activities, including the investment in INWIT.

ABOUT TIM

TIM is one of the top Information & Communication Technology companies in Europe and the market leader in Italy. It offers its customers fixed and mobile telecommunications, internet, premium digital entertainment content – through TIMVISION, TIMMUSIC and TIMGAMES – and advanced cloud-based platforms. All with flexible and customisable offers to meet the needs of families and businesses, on platforms accessible from a range of devices. TIM is included in the major international sustainability indexes and is committed to becoming the leading telco in the Eurozone in terms of sustainability and social responsibility. The Group includes TIM Brasil, one of the leading players on the Brazilian market; Sparkle, an international service provider and one of the top ten global operators worldwide, with a 540,000 km fibre network extending across Europe, the Americas, Africa and Asia; Olivetti, which operates in key sectors such as the Internet of Things and offering cutting-edge hardware and software.

ABOUT ARDIAN

Ardian is a world-leading private investment house with assets of US$100bn managed or advised in Europe, the Americas and Asia. The company is majority-owned by its employees. It keeps entrepreneurship at its heart and focuses on delivering excellent investment performance to its global investor base. Through its commitment to shared outcomes for all stakeholders, Ardian’s activities fuel individual, corporate and economic growth around the world.
Holding close its core values of excellence, loyalty and entrepreneurship, Ardian maintains a truly global network, with more than 670 employees working from fifteen offices across Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), the Americas (New York, San Francisco and Santiago) and Asia (Beijing, Singapore, Tokyo and Seoul). It manages funds on behalf of around 1,000 clients through five pillars of investment expertise: Fund of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.

ABOUT CANSON CAPITAL PARTNERS

Capital Partners is a leading alternative capital-focused Advisory and Merchant Banking firm. The company specialises in identifying alternative solution capital to develop strategic partnerships with businesses. Since 2017, Canson Capital Partners has advised on private equity-related transactions with an aggregate transaction value of over $54 billion.

List of participants

  • Ardian Advisors:

    • Financial Advisor to the consortium led by Ardian: Nomura
    • Merchant Bank to the consortium led by Ardian: Canson Capital Partners
    • Financial Advisors to Ardian: Mediobanca and Vitale&Co
    • Legal Advisors: BonelliErede (Corporate), Legance-Avvocati Associati (Financing), Ashurst (Financing), Arendt (Structuring) and Weil, Gotshal & Manges (Governance at consortium level)
  • TIM Advisors:

    • Financial Advisors: Goldman Sachs International, BofA Securities
    • Legal Advisors: Gianni, Origoni, Grippo, Cappelli & Partners

Press Contact

TIM

@TIMnewsroom

+39 06 3688 2610

ARDIAN – Image Building

CRISTINA FOSSATI, LUISELLA MURTAS

ardian@imagebuilding.it +39 02 8901 1300

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Netwrix Receives Majority Investment From TA Associates

TA associates

Netwrix to use the investment to grow its portfolio of data security solutions to support current customers and to expand globally.

IRVINE, CA – Netwrix, a cybersecurity vendor that makes data security easy, today announced that TA Associates (“TA”), a leading global growth private equity firm, has completed a majority investment in the company. TA, together with the Netwrix executive management team, plan to accelerate Netwrix’s growth as the company aims to expand its portfolio of easy-to-use data security solutions to its customers globally. Members of Netwrix senior management and existing Netwrix investor Updata Partners will invest alongside TA, and will maintain a significant equity interest in the company. Financial terms of the transaction were not disclosed.

“Netwrix is thrilled to be working alongside TA as we enter our next phase of growth,” said Steve Dickson, chief executive officer of Netwrix. “The partnership with TA will provide Netwrix access to the firm’s global add-on acquisition origination and integration capabilities and deep experience in the security and horizontal application software markets, which we believe will position us for substantial organic and inorganic growth.”

While able to scale to the unique needs of large enterprises, Netwrix’s business model is ideal for the mid-market, which is defined as organizations with 500 to 10,000 employees. This underserved segment is in need of easy-to-use data security solutions to address growing security and privacy concerns. Until recently, governmental regulations, such as Sarbanes-Oxley, applied only to larger enterprises. However, with the growing number of privacy regulations, such as the GDPR and the CCPA, organizations of all sizes, including mid-market businesses, must take data security seriously.

“With its powerful, easy-to-use products and streamlined business model, Netwrix has become a leading provider of data security products for the mid-enterprise market,” said Michael Libert, a senior vice president at TA Associates. “Netwrix has an abundance of security, audit and compliance experience and more than 7,000 paying organizations that are deriving value from their experience with Netwrix.”

“Given the ongoing growth in the global data security market, we see ample new business opportunities for Netwrix,” added Harry Taylor, a managing director at TA Associates. “We are pleased to partner with Netwrix’s management team, alongside Updata Partners, and to collaborate on the company’s continued profitable growth.”

“It has been a pleasure working with the Netwrix team for the past three years and aiding in the company’s impressive and transformative growth,” said Jon Seeber, a general partner at Updata Partners. “With what we believe to be superior products and services, Netwrix has become a valued provider in security and compliance. We are pleased to welcome TA as an investor, and to continue our partnership with Netwrix.”

Joining the Netwrix board in conjunction with this transaction are Michael Libert, Harry Taylor and Amit Jain of TA Associates; and independent directors Dan Mayleben, chief executive officer at 2ndWave Software, and Matt Dircks, chief executive officer at BeyondTrust. They join existing board members Jon Seeber of Updata Partners, independent director Brian Turner and Steve Dickson of Netwrix.

About Netwrix
Netwrix makes data security easy, thereby simplifying how professionals can control sensitive, regulated and business-critical data, regardless of where it resides. More than 10,000 organizations worldwide rely on Netwrix solutions to secure sensitive data, realize the full business value of enterprise content, pass compliance audits with less effort and expense, and increase the productivity of IT teams and knowledge workers.
Founded in 2006, Netwrix has earned more than 150 industry awards and been named to both the Inc. 5000 and Deloitte Technology Fast 500 lists of the fastest growing companies in the U.S.
For more information, visit www.netwrix.com.

About TA Associates
TA Associates is a leading global growth private equity firm. Focused on targeted sectors within five industries – technology, healthcare, financial services, consumer and business services – TA invests in profitable, growing companies with opportunities for sustained growth, and has invested in more than 500 companies around the world. Investing as either a majority or minority investor, TA employs a long-term approach, utilizing its strategic resources to help management teams build lasting value in high quality growth companies. TA has raised $33.5 billion in capital since its founding in 1968 and is committing to new investments at the pace of over $2 billion per year. The firm’s more than 90 investment professionals are based in Boston, Menlo Park, London, Mumbai and Hong Kong. More information about TA Associates can be found at www.ta.com.

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Clarivate Completes Acquisition of CPA Global to Form a Global IP Powerhouse

Castik Capital

01.10.2020

Extract from original press release https://clarivate.com/news/clarivate-completes-acquisition-of-cpa-global-to-form-a-global-ip-powerhouse/

 

Clarivate Plc (NYSE: CCC), a global leader in providing trusted information and insights to accelerate the pace of innovation, announced today the completion of the previously announced acquisition of CPA Global, creating an intellectual property (“IP”) powerhouse.

[…]

Clarivate will now offer thousands of law firms and corporate customers world class IP solutions from leading brands covering patent and trademark research solutions, expanded IP services capabilities, IP management and renewal solutions and domain management, all underpinned by extensive human expertise, unparalleled data and powerful technology.

[…]

Together, CPA Global and Clarivate will form a true end-to-end solution that covers the entire innovation and IP lifecycle – from scientific and academic research to IP portfolio management and protection. The proposed combination of market-leading intellectual property software, data, technology and services will provide customers with seamless access to richer content and broader capabilities as they execute on their innovation and IP strategies.*

In connection with the transaction, former CPA Global shareholders (including Leonard Green & Partners along with funds advised by Castik Capital and Partners Group) received approximately 217 million Clarivate ordinary shares, representing 35% pro forma fully diluted ownership of Clarivate.

[…]

*Extract from https://www.castik.com/news/news-detail/clarivate-to-combine-with-cpa-global-creating-a-world-leader-in-intellectual-property-information-and-service

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Tree Line Capital Partners and CVC Credit Partners back Ingenio

Tree Line and CVC Credit increase existing term loan to Ingenio to support add-on acquisition

Tree Line Capital Partners, LLC (“Tree Line”), and CVC Credit Partners (“CVC Credit”) provided an increase to their existing term loan to $127,300,000 to Ingenio to support an add-on acquisition.  Tree Line served as Administrative Agent and Lead Arranger on the transaction.

Headquartered in San Francisco, Ingenio is the leading online platform that connects advice-seekers with coaches and advisors. The platform has enabled over 40 million conversations from around the globe, making Ingenio the leader in phone, chat, and web–based personal advice.  Ingenio is owned by Alpine Investors and management.

“We have enjoyed building a lasting relationship with the Tree Line and CVC Credit teams across several transactions,” said Warren Heffelfinger, CEO at Ingenio. “They have reliably answered the call when it has come to additional capacity for add-on acquisitions coupled with a creative approach to tailoring debt structures to a transaction’s requirements.”

Frank Cupido, Partner of Tree Line added, “We have been extremely pleased with Ingenio’s strong performance and the long-term partnership we’ve built since 2015.  Our relationship with Ingenio is a great example of our ability to grow with a borrower from initial platform acquisition through various stages of growth and capital needs, including acquisitions, recapitalizations and other flexible financings.  Warren and the team have built a best in class organization and we look forward to working with them in the years ahead.”

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Announcing $268 million in Series E funding

August Capital

We’re excited to share that GitLab has completed a $268 million Series E round of fundraising that pushed the company’s valuation to $2.75 billion. This latest funding round was led by existing investors Goldman Sachs and ICONIQ, but also included participation from nine new-to-GitLab investors.

Our plans for the funding are straightforward: GitLab will invest to make all of our DevOps platform offerings, including monitoring, security, and planning, best in class so we can enable our enterprise customers to continue to bring products to market faster.

At a time when the DevOps tools market is expected to triple by 2023 (from $5.2 billion last year to $15 billion, according to IDC), it was clear there was an opportunity for our company to pursue additional funding. “To be competitive today, companies need to be 10x faster to market. We made an early bet that enterprises would benefit from a single application experience for DevOps teams to accelerate getting software products to market faster and more securely,” says CEO Sid Sijbrandij. “I love hearing how our customers are innovating faster with a single DevOps application that enables Dev, Ops, and Security to collaborate, and this funding will help more organizations experience the benefits of this unified DevOps experience.”

Today more than 100,000 organizations use GitLab, including Ask Media Group, Charter Communication, Delta Air Lines, Goldman Sachs, Ticketmaster, Nvidia, and many more. We just found out we were ranked 32nd in the Forbes 2019 Cloud 100 – and we were the only cloud-agnostic DevOps tool maker named! Our ARR (annual recurring revenue) growth rate is 143%, a sign of customer satisfaction and strong demand.

A fast pace

This latest fundraising effort happened less than a year after we announced our Series D round of $100 million. At that time the company was valued at $1.1 billion; with today’s announcement, our valuation has more than doubled in less than a year.

It’s been an amazing journey to get to this point, and it’s worth remembering where we came from. In 2015 fewer than 10 people worked at GitLab; today over 800 team members contribute from 55 countries around the world. And we’re still growing, as our 222 open positions show. More than 4,800 people actively contribute code to GitLab, and we receive an average of 180 improvements to each monthly release. In March 2019 we had one million merge requests, which was a milestone indeed. We’re on this journey together and we couldn’t be more excited to see where it takes us. Today you’ll find us at our first ever user conference, GitLab Commit, in Brooklyn and then again in London on October 9. We’re looking forward to the inspiring customer stories that have made this all possible.

The funding was announced live in the keynote of GitLab Commit Brooklyn, also see the playlist of all talks that day.

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Main Capital acquires majority stake in AI-powered HR technology provider Textkernel

Main Capital

The Hague, 29 September 2020 – Textkernel is a global leader in developing AI and semantic technology for talent acquisition. Its customer base includes global staffing and recruitment firms, multinational corporations and software vendors. The company is headquartered in Amsterdam and currently employs approximately 154 people across offices in the Netherlands, France, Germany the U.K. and the U.S..

Textkernel provides AI-powered technology, which improves the talent acquisition and management solutions of over 1,000 customers globally.  This includes companies such as Adecco, Randstad, Manpower as well as large corporate organizations such as Otto GmbH & Co KG, The Colas Group, and ENGIE SA. Textkernel’s solutions are business-critical for recruiting and staffing organizations.

By offering a turnkey solution that is already integrated into globally-known and widely adopted core (HR) software systems such as Bullhorn, SAP SuccessFactors, Oracle Taleo and Oracle Cloud Recruiting, Cornerstone- Lumesse and Talentsoft, Textkernel has been able to expand its customer base and potential reach into the corporate HR market segment.

Textkernel’s flagship product, Search! & Match!, connects candidates to jobs by leveraging ever-sophisticated algorithms that identify multiple means of making potential matches. By leveraging the latest in Natural Language Processing (NLP) and Artificial Intelligence (AI) technology, professionals active in talent management are able to pinpoint the best candidates and job matches within increasing volumes of candidate and job data.

Collaboration Textkernel and Main

  • Current management team Gerard Mulder (CEO) and Guus Meijer (COO) will stay onboard and are investing in Textkernel alongside Main Capital.
  • Together, Textkernel and Main will focus on autonomous growth and further development of the technology platform required to execute on its ambitious growth plans in the coming period.
  • In addition, the combination will pursue a selective strategy for smart acquisitions in the broader HR software space.

Gerard Mulder, CEO at Textkernel: “We are delighted to have the support of Main Capital Partners to drive our ambitious expansion plans for the future.  Despite the challenging economic context, we see ample runway for growth across diverse customer segments and geographies. Having Main Capital as a strategic investment partner allows us to benefit from their deep expertise and diverse SaaS network.  We look forward to delivering on our vision as an AI provider for business leaders seeking innovative solutions to solve their most pressing talent acquisition and management challenges.”

Pieter van Bodegraven, Partner at Main Capital Partners: “Strong potential is visible in this particular part of the HR software market. We have known the management team of Textkernel for many years and are pleased with the opportunity to collaborate. We are impressed by the fact that the company is able to realize autonomous growth in a profitable way, while expanding internationally at the same time.

About Textkernel
Textkernel works with over 1,000 HR and staffing organizations worldwide to bring the latest in artificial intelligence technology to our customers’ fingertips. We work with large, global companies across multiple industries deliver multilingual parsing, semantic search and match, and labor market intelligence solutions.

About Main Capital Partners
Main Capital is a strategic investor with an exclusive focus on the software sector in the Benelux, DACH and Nordics. Main has a long term horizon around successful partnerships with management teams, with the aim of building larger software groups together. Main has approximately € 1 billion in assets under management for investments in mature and growing software companies.

Main Capital’s current portfolio includes fast-growing software and SaaS software companies such as MACH AG, Exxellence, WoodWing, Alfa, Optimizers, Assessio, GBTEC, Onventis, HYPE Innovation, cleversoft, Enovation, SDB Group, Jobrouter, GOconnectIT, Inergy, KING Software, Artegic, OBI4wan, b+m Informatik, ChainPoint, Sofon and RVC. Successful former companies that have grown significantly under Main’s leadership: Connexys (HR software), Roxit (government software), Axxerion (facility management software), Ymor (APM software), Onguard (credit management software) and TPSC (healthcare GRC software).

Note for the editor:
For more information, please contact:

Charly Zwemstra (Managing Partner)
Main Capital Partners B.V., Paleisstraat 6, 2514 JA, Den Haag
Tel: +31 (0) 70 324 3433 / +31 (0) 6 5127 7805
charly@main.nl
www.main.nl

Gerard Mulder (CEO)
Textkernel B.V.
Nieuwendammerkade 26A-5, 1022 AB Amsterdam
Tel: +31 (0) 20 494 2496
mulder@textkernel.com
www.textkernel.com

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TFS enters partnership in the US with the Duke Clinical Research Institute

Ratos

2020-09-29

TFS has entered into a strategic partnership with the Duke Clinical Research Institute (DCRI) in North Carolina, US, to provide data management solutions in clinical trials.

The unique collaboration expands TFS’s capability to execute clinical trials for both commercial and government sponsors in the U.S. It supports the company’s growth strategy and further develops its scientific offering. Duke Clinical Research Institute is a world-renowned research institute, recognized for bringing innovation to clinical trial design and execution.

“DCRI is known for ushering in new and innovative approaches to clinical research, and TFS is a leader in providing quality clinical development services through operational excellence and a customer-centric approach. TFS data management solutions ensure quality data services while it continues to push boundaries in study design and management as part of our shared mission to serve patients throughout the world,” says Bassem Saleh, TFS Chief Executive Officer.

“The partnership with Duke Clinical Research Institute is a strategic step toward expanding TFS’ service offering in North America and it opens up doors for further collaboration. TFS provides tailored solutions and is well-positioned to manage complex global studies. The recent agreement strengthens our US presence, while leveraging the European capabilities,” says Joakim Twetman, Head of Business Area Industry at Ratos.

For further information, please contact:
Joakim Twetman, Head of Business Area Industry, Ratos, +46 8 700 17 00
Helene Gustafsson, Head of IR and Press, Ratos, +46 8 700 17 98, helene.gustafsson@ratos.se

About TFS:
TFS is a global, mid-sized, clinical contract research organisation (CRO) that supports biotech companies through the entire clinical development process. TFS focuses its scientific and medical competence across a broad therapeutic spectrum, with industry-leading capabilities in dermatology, oncology and ophthalmology. TFS has two business Areas: Clinical Development Services (CDS), which offers clinical trials for small pharmaceutical companies during the development process, and Strategic Resourcing Solutions (SRS), which offers resource solutions featuring clinical professionals and targeting major pharmaceutical companies. Over the past five years, TFS has been involved in approximately 1,100 studies in 40 countries across Europe and North America.

About Ratos:
Ratos is a business group consisting of 12 companies divided into three business areas: Construction & Services, Consumer & Technology and Industry. In total, the companies have SEK 38 billion in sales and EBITA of SEK 1.8 billion. Our business concept is to develop mid-sized companies headquartered in the Nordics that are or can become market leaders. We enable independent mid-sized companies to excel by being part of something larger. People, leadership, culture and values are key focus areas for Ratos. Everything we do is based on Ratos’s core values: Simplicity, Speed in Execution and It’s All About People.