Rojo Consultancy and 365 Capital announce their new partnership to accelerate the company’s growth as the preferred global partner for SAP integration.

‍Rojo Consultancy (“Rojo”) is a leading and trusted provider of consultancy services, managed solutions, and software for SAP integration and business process observability. Rojo has a strong position in the system integration software market and offers its clients a 360-degree portfolio of services to streamline their application integration needs and help their businesses grow. The company was established in 2011 and has evolved over the past decade from a consulting firm to an end-to-end SAP integration specialist. Rojo has a wide range of services and strategic partnerships with leading software vendors such as SAP, Coupa, SnapLogic, and Splunk. Rojo is headquartered in the Netherlands and operates globally from its offices in the Netherlands, Spain, and India.

Rojo has entered into a strategic partnership with 365 Capital to achieve its goals of being the preferred partner of choice, catering to market needs, and improving its ability to offer value-driven enterprise integration solutions to clients. As a result of this collaboration, Rojo intends to recruit new talent, invest in innovative integration software and enhance its global presence to meet the increasing demand from its clients. This partnership demonstrates Rojo’s dedication to providing exceptional service and value to customers while progressing its market expansion and success.

Roberto Viana (Managing director and co-founder): “At Rojo, we take great pride in the fantastic company we have established together with our team, strategic partners and global clients. Hence, joining forces with 365 Capital sets an important milestone for our team, clients and partners that will allow us to accelerate and expand the growth of Rojo. This collaboration will enable us to accelerate and expand the further growth of Rojo, and we couldn’t be more excited about the new opportunities that lie ahead. Our fixation and commitment to deliver high quality in everything we do for our clients’ business objectives remain steadfast. By partnering with 365 Capital, Rojo is set to reach new heights in helping clients achieve their business goals through high-quality enterprise integration solutions from Rojo.”

Reinaert Molenaar (Partner at 365 Capital): “We are very excited about the partnership with Rojo Consultancy. We are impressed with the company as it is today, and we look forward to supporting management and the rest of the Rojo Consultancy team to bring the company to the next level. Rojo is perfectly positioned to capitalise on several market tailwinds we see in the sector, with the right people and culture, a strong technological base and diversified end market exposure.”

iLOQ, a provider of digital access management solutions, will continue to fulfil its growth strategy by expanding to Australia.

Founded in Finland in 2003, iLOQ currently has sales offices in thirteen countries in Europe, the Middle East, USA and Canada, as well as a comprehensive global partner network. Starting operations in Australia will advance iLOQ’s growth strategy and open up a large new market for the company.

Mike Smits has been appointed Country Manager, iLOQ Australia, from the beginning of September. His role is to develop the Group’s business into new markets and business models by launching operations in Australia and building a local country organization. He is also responsible for leading the smart-locking revolution as iLOQ expands to a new continent.

Before joining iLOQ, Mr Smits held senior management roles in multinational companies such as Honeywell, VACON and Danfoss. He also brings a wealth of market experience from the Asia Pacific region.

“iLOQ continues to grow in line with its strategy. We bring to new markets state-of-the-art digital- and mobile-based locking solutions that are flexible, sustainable and reduce lifecycle costs,” said Heikki Hiltunen, CEO of iLOQ.

For more information, please contact:

Heikki Hiltunen
President and CEO, iLOQ
e-mail: heikki.hiltunen@iloq.com

Thomas Thörewik
Chief Sales Officer, iLOQ
e-mail: thomas.thorewik@iloq.com

About iLOQ
iLOQ is a rapidly growing Finnish company that is leading the technological revolution in the digital locking industry. iLOQ transforms mechanical locks into digital and mobile access management. iLOQ solutions are based on technologies developed and patented by the company, enabling electronic and mobile locking without batteries or cables. iLOQ replaces mechanical and electromechanical locking systems with environmentally friendly solutions that solve the problems of lost or copied keys, reduce lock maintenance and minimise lifecycle costs. For more information about iLOQ, please see: www.iloq.com

CapMan Infra invests in Danish data centre colocation provider Fuzion

CapMan Infra invests in Fuzion, a Danish data centre colocation provider. The deal follows CapMan Infra’s acquisition of Serverius in May 2023 to establish a northern European data centre platform. Fuzion’s current co-owner and CEO Christian Holm Christensen will re-invest in the wider platform and continue in his position as Fuzion’s CEO.

Fuzion is a leading Danish operator of data centres focused on small and medium enterprise clients. The company, established in 2001, offers colocation services supplying space, cooling, electricity, and security for customers. Fuzion currently operates four data centres in the Jutland region and is expanding to a new location in Copenhagen.

This is CapMan Infra’s second investment in a newly established northern European data centre platform providing European-wide connectivity. With data centres positioned in key data centre markets and its strong customer focus, Fuzion will be a valuable addition to the platform, and CapMan sees opportunities in delivering substantial synergies on commercial, technical, and financial aspects, as well as in continuing to support a sustainable transition across operations.

“We are happy to welcome Fuzion to our Northern European data centre platform as it complements our recent investment in Serverius well. We are also very glad to have Christian Holm Christensen co-invest alongside us, showing his strong commitment in delivering on the growth that we see for Fuzion in this market. Christian and his team has positioned Fuzion well for continued growth in Denmark, and Fuzion represents a great fit to our wider northern European platform,” says Harri Halonen, Partner at CapMan Infra.

“I am excited to continue the growth journey with Fuzion and join the wider data centre platform being established by CapMan Infra. I look forward to not only grow Fuzion, which I have great expectations for, but to also build the wider platform, which I see as ideally positioned to target a highly promising market segment at the right time”, says Christian Holm Christensen, owner, and CEO at Fuzion.

The acquisition is CapMan Nordic Infrastructure II fund’s fourth investment, following Skarta Energy, Napier and Serverius.

CapMan Infra was advised by PwC Corporate Finance (M&A), and Horten and Linklaters (legal).

For more information, please contact:

Harri Halonen, Partner, CapMan Infra, tel. +46 768 71 0062

About CapMan Infra

CapMan Infra invests in energy, transportation and digital infrastructure assets generating predictable cash flows. CapMan Infra is a dedicated and active owner seeking to drive operational improvements and offers tailored solutions to local infrastructure asset owners and partners in the Nordic countries. The team of twelve infrastructure professionals is based in Helsinki and Stockholm. CapMan Infra has two funds, one established in 2018 and one in 2022. In addition to the fund, the team also manages two investment mandates.

CapMan Infra is part of CapMan Group, a leading Nordic private asset expert with an active approach to value creation and over €5 billion in assets under management. CapMan’s objective is to provide attractive returns and innovative solutions to investors. We have set greenhouse gas reduction targets under the Science Based Targets initiative in line with the 1.5°C scenario. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover minority and majority investments in portfolio companies and real estate, and infrastructure assets. We also provide wealth management solutions. Our service business includes procurement services. Altogether, CapMan employs approximately 190 professionals in Helsinki, Jyväskylä, Stockholm, Copenhagen, Oslo, London and Luxembourg. We are listed on Nasdaq Helsinki since 2001. www.capman.com

About Fuzion

Since 2001, Fuzion has been a leading colocation provider in Skanderborg, Viby J., Aarhus, Randers and Copenhagen. Today, the company serves over 100 customers, both domestic and international. Fuzion’s vision is to make the data centre market greener and more flexible to support the need for green and secure solutions for critical infrastructure such as private and public Cloud, IOT, online apps, internet and much more – now and in the future.

• BPEA EQT sells its remaining 26.6 percent stake in Coforge, an India-headquartered Digital IT Solutions & Technology Consulting Services provider, through a USD 924m block trade
• Ideally positioned in one of BPEA EQT’s core sectors, Tech Services, Coforge has under BPEA EQT’s ownership doubled its revenue and EBITDA, crossing USD 1 billion of revenue in April 2023
• BPEA EQT helped strengthen Coforge’s organic growth through enhancing its sales organization and re-aligning its go-to-market strategy, while supporting the recruitment of industry leading leadership, and executing on an ambitious M&A agenda

EQT is pleased to announce that BPEA Private Equity Fund VII (“BPEA EQT”) has sold its remaining 26.6 percent stake in Coforge (the “Company”), listed on the Indian National Stock Exchange, through a USD 924 million block trade.

Headquartered in Noida, India, Coforge is a technology services provider offering application development and maintenance, infrastructure management services and business process outsourcing services to clients primarily within the financial services, insurance, and travel verticals. The Company’s proprietary platforms power critical business processes across its core verticals and it has presence in 21 countries globally with 26 delivery centers across nine countries.

BPEA EQT and co-investors acquired a 70.1 percent stake in Coforge in May 2019 and under BPEA EQT’s tenure, the Company has doubled its revenue and EBITDA, crossing USD 1 billion of revenue in April 2023. The growth has been driven by a combination of organic initiatives such as enhancing the sales organization, re-aligning focus on the three core verticals, building digital & AI capabilities, and executing a successful M&A strategy, including the acquisition of SLK Global. Coforge is a strong proponent of sustainability having pledged to be Carbon Neutral, Water Positive and Zero Waste by 2030.

Hari Gopalakrishnan, Partner and Co-Head of BPEA EQT’s Investment Advisory Team in India, commented, “Tech Services is a high conviction thematic for BPEA EQT and Coforge is benefitting from multiple sector tailwinds, such as AI enabling the existing apps estate, replacement of legacy systems and a continuing talent shift to Asia where countries like India have a deep STEM talent pool. The Company’s long and sticky client relationships and deep technical expertise make it integral to the performance of multiple global market leaders in the banking, insurance and travel sectors. We are proud to have supported Coforge and its mission over the past four years. It has been a pleasure partnering with CEO Sudhir Singh and his entire team and we look forward to following the next phase of Coforge’s growth.”

Contact
EQT Press Office, press@eqtpartners.com, +46 8 506 55 334

About BPEA EQT
BPEA EQT is part of EQT, a purpose-driven global investment organization in active ownership strategies. BPEA EQT combines the private equity teams from Baring Private Equity Asia (BPEA) and EQT Asia, creating a comprehensive Asian private equity presence with local teams in eight cities across the region, a 25-year heritage, and more than USD 25 billion of capital deployed since inception. In addition to BPEA EQT, EQT’s strategies in the region include EQT Infrastructure and the real estate division EQT Exeter.

More info: www.eqtgroup.com
Follow EQT on LinkedIn, Twitter, YouTube and Instagram

About Coforge
Coforge is a global digital services and solutions provider that leverages emerging technologies and deep domain expertise to deliver real-world business impact for its clients. A focus on very select industries, a detailed understanding of the underlying processes of those industries and partnerships with leading platforms provides us a distinct perspective. Coforge leads with its product engineering approach and leverages Cloud, Data, Integration and Automation technologies to transform client businesses into intelligent, high growth enterprises. Coforge’s proprietary platforms power critical business processes across its core verticals. The firm has a presence in 21 countries with 26 delivery centers across nine countries.

More info: www.coforge.com 

CHICAGO and SAN FRANCISCO and MIAMI and DENVER—Thoma Bravo and ForgeRock today announced the completion of Thoma Bravo’s acquisition of ForgeRock in an all-cash transaction valued at approximately $2.3 billion. The acquisition agreement was previously announced on October 11, 2022, and approved by ForgeRock stockholders at ForgeRock’s Special Meeting of Stockholders held on January 12, 2023.

Upon completion of the acquisition, ForgeRock stockholders are entitled to receive $23.25 in cash for each share of ForgeRock class A common stock and class B common stock they owned. ForgeRock’s class A common stock will no longer trade and will be delisted from the New York Stock Exchange.

Thoma Bravo also announced that it has combined ForgeRock into its portfolio company Ping Identity. The combined company is positioned to better serve customers across the dynamic and fast-growing Identity and Access Management market by providing enhanced products and services, broader geographic support, and increased innovation. The combined company will seek to accelerate the delivery of identity security experiences for the customers, employees, and partners of companies worldwide.

J.P. Morgan acted as exclusive financial advisor to ForgeRock, and Wilson Sonsini Goodrich & Rosati, P.C., acted as legal counsel to ForgeRock. Kirkland & Ellis LLP and Fried, Frank, Harris, Shriver & Jacobson LLP acted as legal counsel to Thoma Bravo.

About ForgeRock

ForgeRock® helps people simply and safely access the connected world. The ForgeRock Identity Platform delivers solutions for customers, employees, and connected devices, with more than 1,300 organizations using ForgeRock’s comprehensive platform to manage and secure identities with identity orchestration, dynamic access controls, governance, and APIs in any cloud or hybrid environment. For more information, visit www.forgerock.com or follow ForgeRock on social media: Facebook ForgeRock | Twitter @ForgeRock | LinkedIn ForgeRock.

About Ping Identity

At Ping Identity, we believe in making digital experiences both secure and seamless for all users, without compromise. That’s digital freedom. We let companies combine our best-in-class identity solutions with third-party services they already use to remove passwords, prevent fraud, support Zero Trust, or anything in between. This can be accomplished through a simple drag-and-drop canvas. That’s why customers choose Ping Identity to protect digital interactions from their users while making experiences frictionless. Learn more at www.pingidentity.com.

About Thoma Bravo

Thoma Bravo is one of the largest software investors in the world, with more than US$127 billion in assets under management as of March 31, 2023. Through its private equity, growth equity and credit strategies, the firm invests in growth-oriented, innovative companies operating in the software and technology sectors. Leveraging Thoma Bravo’s deep sector expertise and strategic and operational capabilities, the firm collaborates with its portfolio companies to implement operating best practices and drive growth initiatives. Over the past 20 years, the firm has acquired or invested in more than 440 companies representing over US$250 billion in enterprise value (including control and non-control investments). The firm has offices in Chicago, London, Miami, New York and San Francisco. For more information, visit Thoma Bravo’s website at thomabravo.com and Twitter @ThomaBravo.

Forward-Looking Statements

This press release may contain forward-looking statements that involve risks and uncertainties, including statements regarding the merger and ForgeRock’s expectations following the merger. If any of these risks or uncertainties materialize, or if any of ForgeRock’s assumptions prove incorrect, ForgeRock’s actual results could differ materially from the results expressed or implied by these forward-looking statements. Additional risks and uncertainties include those associated with: (i) the nature, cost and outcome of any legal proceeding that may be instituted against ForgeRock and others relating to the merger; (ii) economic, market, business or geopolitical conditions (including resulting from the COVID-19 pandemic, inflationary pressures, supply chain disruptions, or the military conflict in Ukraine and related sanctions against Russia and Belarus) or competition, or changes in such conditions, negatively affecting ForgeRock’s business, operations and financial performance; (iii) the effect of the announcement of the merger on ForgeRock’s business relationships, customers, operating results and business generally; (iv) the amount of the costs, fees, expenses and charges related to the merger; (v) possible disruption related to the merger to ForgeRock’s current plans and operations, including through the loss of customers and employees; and (vi) other risks and uncertainties detailed in the periodic reports that ForgeRock has filed with the SEC, including ForgeRock’s Annual Report on Form 10-K filed with the SEC on March 1, 2023, ForgeRock’s quarterly reports on Form 10-Q filed with the SEC on May 9, 2023 and on August 8, 2023, respectively, and subsequent filings. All forward-looking statements in this communication are based on information available to ForgeRock as of the date of this communication, and ForgeRock does not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made, except as required by law.

Bethesda, MD, August 21, 2023 – Aretum, LLC today announced that it has acquired Artemis Consulting, Inc. (“Artemis”), a McLean, VA-based prime contractor to multiple federal agencies. Aretum, a leading mid-tier organization focused on providing management consulting, mission support and technology solutions primarily serves the Department of Defense, Department of Homeland Security and Federal Civilian agencies through a broad array of contracts, contract vehicles and talented resources. Aretum is a portfolio company of Renovus Capital Partners.

This addition expands Aretum’s ability to support its customers’ cloud enablement and enterprise-level modernization efforts while leveraging open-source technologies for cost effectiveness and using microservices to bolster reusable infrastructure. It also adds new capabilities in Scaled Agile software development, DevOps, open-source development and mobile application development.

Damian DiPippa, Aretum CEO, said, “We are excited to welcome the Artemis team to Aretum. Artemis expands and further diversifies our customer base with exquisite agile development capabilities that drives us up the technology stack.”

Amee Shah, CEO of Artemis, commented, “Aretum is a great cultural fit for our employees, and its strategic vision blends well with that of Artemis.” Rohit Gupta, Artemis Founder and President, added, “We are excited to bring our digital transformation, agile development capabilities and legacy systems modernization capabilities to Aretum to provide broader digital transformation expertise to its clients.”

“We are extremely excited about the complementary capabilities Artemis brings to the Aretum platform, and firmly believe the addition will help Aretum break new ground and add value to its unique suite of solutions and services to the agencies it serves,” said Manan Shah, Partner at Renovus.

About Artemis Consulting

Artemis Consulting is a Professional Services firm offering IT Technology and Management Services and Solutions to Federal and State Governments. For 24 years, Artemis has designed and developed software, and integrated systems that help drive digital transformation efforts for clients. They utilize DevSecOps principles and microservices approaches for scalability, security and reliability of systems and applications. Artemis is skilled in the modernization of legacy systems by creating open source and COTS applications and running them natively in the cloud. Artemis provides a full range of IT services to build scalable and resilient IT infrastructure for their customers.

About Aretum, LLC

Aretum is a leading government contracting company specializing in technology-enabled mission support services for the Department of Defense, Department of Homeland Security, and Federal-Civilian customers. ARETUM provides leading-edge solutions and services focusing on Next Generation Analytics, Engineering Services, Training Services, IT Services, Cyber Security, PMO Support, and Financial Consulting. Visit us at www.Aretum.com and follow us on LinkedIn.