Tag Archives: Information technology

Mobile testing platform Kobiton raises $14M, acquires competitor Mobile Labs

Fulcrum

Atlanta-based Kobiton, a mobile testing platform that allows developers and QA teams to test their apps on real devices, both on their own desks and through the company’s cloud-based service, today announced that it has acquired Mobile Labs, another Atlanta-based mobile testing service.

To finance the acquisition of its well-funded competitor, Kobiton raised a $14 million extension to its $5.2 million Series A from its existing investor BIP Capital and new investor Fulcrum Equity Partners.

As Kobiton CEO Kevin Lee told me, we shouldn’t take that as the acquisition price, but it’s probably a fair guess that the real price isn’t too far off. The companies declined to disclose the exact price, though. Mobile Labs, which was founded in 2011, had raised about $15 million before the acquisition, according to Crunchbase. The last time it raised outside funding was in 2014. Kobiton and Mobile Labs do not share any common investors.

Kobiton CEO Kevin Lee. Image: Kobiton

It’s interesting that Kobiton, which launched in 2017 and which may seem like a smaller player at first glance, was able to acquire Mobile Labs. Lee argues that one of the reasons Mobile Labs decided to sell is that while his company has long focused on using machine learning to help developers build the tests for their apps — and the open-source Appium testing framework — Mobile Labs had fallen behind in this area.

“They were a little slow to invest in [AI] and I think they realized — and the rest of the market, I think will realize it — if you don’t invest heavily and early, you kind of get behind the eight ball,” Lee told me.

He also noted that there are a lot of obvious synergies between the two companies. Mobile Labs has a lot of clients in the gaming and financial services space, for example. A lot of those clients are relatively new to mobile, while Kobiton’s existing customer base is often mobile-first.

“They’ve been around for 10 years and [have] a lot of partners, a lot of stuff outside the U.S.,” Lee noted. “They have mainly focused on what I would call large established enterprises in regulated industries or industries that are really concerned about IP protection — so behind the firewalls — where they really succeeded well.”

Those Mobile Labs customers, Lee said, were also looking for AI/ML-based testing solutions and the acquisition will now allow the two companies to layer Kobiton’s technology on top of the Mobile Labs solution. There will be an upgrade path for these customers and they’ll be able to do so at their own pace. There’s no plan to sunset Mobile Labs’ existing services for the time being, though some of Mobile Labs’ individual brands may change names.

With this acquisition, Kobiton will more than double the number of its U.S.-based employees, though that’s in part because a good portion of the company’s team is based in Vietnam.

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Vector Capital Portfolio Company Emarsys Completes Sale to SAP

Vector Capital

SAN FRANCISCO–(BUSINESS WIRE)–Vector Capital, a leading private equity firm specializing in transformational investments in established technology businesses, today announced the successful sale of Emarsys, a leading provider of cloud-based talent management software, to SAP SE (NYSE: SAP). Terms of the transaction were not disclosed.

Headquartered in Vienna, Austria, Emarsys is a market-leading global provider of cloud-based marketing technology serving more than 1,500 companies worldwide. Emarsys empowers digital marketing leaders and business owners with the only omnichannel customer engagement platform built to accelerate business outcomes.

Vector Capital initially invested in Emarsys in 2015 and served as the company’s first outside institutional investment partner. Over the past six years, Vector worked closely with Emarsys’ founders and management team to successfully launch in the U.S. market, invest in product innovation, and efficiently scale its sales and marketing teams. During Vector’s investment, Emarsys significantly accelerated its revenue growth, increased profitability, and became recognized as a market leader by industry analysts including Forrester and Gartner.

Alex Slusky, Managing Director and Chief Investment Officer at Vector Capital, said, “As Emarsys’ first outside, institutional investment partner, we are extremely proud of the growth the company achieved during our ownership and to have reached a successful outcome for our investors. This investment exemplifies our successful track record of investing behind leading marketing technology platforms, accelerating North American expansion for European-based companies, and closely partnering with founders and strong management teams to help them successfully scale their businesses. Emarsys is a fantastic company and I am confident its best days are ahead as part of SAP.”

Hagai Hartman, Emarsys Founder and Chief Innovation Officer, said, “Vector Capital has been a terrific partner over the past six years. Their operational expertise has been invaluable in helping us establish our position as a market leader in cloud-based marketing technology. With Vector’s help, we expanded our geographic reach, particularly in North America, which has been one of our fastest growing markets. We look forward to our next chapter under SAP’s ownership.”

Morgan Stanley & Co. LLC acted as financial advisor to Emarsys in this transaction, and Wilson Sonsini Goodrich & Rosati and Freshfields Bruckhaus Deringer LLP acted as legal advisors.

About Vector Capital
Vector Capital is a leading global private equity firm specializing in transformational investments in established technology businesses. With more than $3 billion of capital under management, Vector actively partners with management teams to devise and execute new financial and business strategies that materially improve the competitive standing of businesses and enhance value for employees, customers, and all stakeholders. For more information, visit http://www.vectorcapital.com.

Contacts

Nathaniel Garnick/Grace Cartwright
Gasthalter & Co.
(212) 257-4170

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Nordic Capital acquires RegTech, a leading provider of regulatory reporting software

Nordic Capital

Nordic Capital has signed an agreement with management and technology consulting firm BearingPoint to acquire BearingPoint RegTech (“RegTech” or the “Company”), a leading European provider of unique software solutions across the regulatory value chain. Nordic Capital intends to support RegTech’s next phase of innovation and sustainable growth by investing in the Company’s continued product development, enhancing its organisational capacity and expanding its international footprint.

Nordic Capital today announced the agreement to acquire BearingPoint’s Regulatory Technology business, RegTech, a leading provider of software solutions for regulatory reporting. BearingPoint will continue to serve as a strategic consulting partner and will retain a minority stake in the Company.

Founded over 25 years ago, RegTech is today firmly established as a leading European provider and market leader in Germany, Austria and Switzerland. RegTech’s flagship products are used by more than 6,000 reporting firms including banks, insurance companies, supervisory authorities and financial services providers. RegTech is headquartered in Frankfurt am Main, Germany, and has 17 offices across 10 countries with a total workforce of approximately 630 employees. The Company is expected to generate revenues of close to EUR 100 million in 2020.

The Company’s solutions enable financial institutions to increase the efficiency of their regulatory and tax reporting, risk and data management processes, facilitating for them to comply rapidly with ever-changing regulatory requirements. RegTech also offers solutions supporting central banks and supervisory authorities in handling data management, processing and analysis. Through close cooperation with supervisory authorities and as a member of key standardisation committees, RegTech is actively involved in preparing and developing regulatory standards.

With Nordic Capital as its new owner, RegTech will be able to even more effectively create value for customers through investments in continued product development and enhancement in organisational capacity. The current RegTech management team will remain and work in close partnership with Nordic Capital, who will actively support RegTech’s further development and continued product innovation.

“We are delighted to welcome Nordic Capital to RegTech. The new ownership will support our further development and will also benefit our customers. With Nordic Capital we have a strong new partner at our side with extensive experience in developing and growing leading businesses in the software industry. We have used the past two years to establish the autonomy of the RegTech business within the BearingPoint Group. Together with Nordic Capital, we have formed an ambitious growth agenda and will continue to invest in our proven, reliable, and forward-looking software solution suite to extend our footprint in our core markets. Our vision is to become one of the strongest international players in the RegTech space,” says Jürgen Lux, CEO of RegTech.

“RegTech’s unique portfolio of software and solutions is highly acclaimed in the industry and has already earned the trust of more than 6,000 reporting firms including banks, insurance companies, supervisory authorities and financial services providers. We are very impressed by the Company’s market position, its platform and its potential for further expansion. Our broad experience in supporting the growth and development of software and technology companies makes Nordic Capital an ideal partner to play a formative role in the next phase for RegTech together with the Company’s management team,” says Fredrik Näslund, Partner and Head of Technology & Payments, Nordic Capital Advisors.

Kiumars Hamidian, Managing Partner, of BearingPoint, commented: “RegTech is benefitting from the increasing regulatory requirements around the world. As an independent company with a strong new owner, RegTech will have the necessary agility and flexibility to make the best possible use of these opportunities. We are pleased to retain a minority interest through BearingPoint Capital headed by Patrick Palmgren, whose team also led the M&A process from our side, and to continue create value for our joint clients.”

Technology & Payments is one of Nordic Capital’s focus sectors, with 17 platform investments made since 2001. It has a strong and active sector network and a dedicated team with local presence across Northern Europe, including Germany where RegTech is headquartered.

Nordic Capital’s previous experience in this sector includes investments such as Bambora, Board International, Conscia, Itiviti, Macrobond, Trustly and Signicat. RegTech is Nordic Capital’s second Technology & Payments platform investment in 2020, following Siteimprove, a leading global Software-as-a-Service (SaaS) company providing software solutions which improves digital accessibility and compliance, announced in September.

The terms of the transaction were not disclosed. The transaction is subject to customary regulatory approvals.

 

Footnote: “Nordic Capital” refers to any, or all, Nordic Capital branded or associated investment vehicles and their associated management entities. Nordic Capital is advised by several non-discretionary sub-advisory entities, any or all of which is referred to as “Nordic Capital Advisors”.

 

Press contacts

Bearing Point RegTech

Sandra Hering
Head of RegTech Marketing & Communications
Tel: +49 69 13022 3666
e-mail: sandra.hering@bearingpoint.com

 

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

 

About BearingPoint RegTech

BearingPoint RegTech, is a leading international provider of innovative regulatory, risk, and supervisory technology solutions (RegTech, RiskTech, and SupTech) and services along the regulatory value chain for financial services. Customers representing 6,000 firms worldwide, among them large international banks, a major part of the largest European banks, leading insurance companies as well as supervisory authorities and central banks, trust RegTech’s products and services. RegTech works closely with regulators and, as a member of standardization bodies such as XBRL, actively contributes to the standard-setting process. RegTech combines regulatory know-how with a proven, reliable and forward-looking RegTech solution suite, expert consulting capabilities, and managed services. For more information, please see www.reg.tech/en/

 

About Nordic Capital

Nordic Capital is a leading private equity investor 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 long history. Focus sectors are Healthcare, Technology & Payments, Financial Services, and selectively, Industrial & Business Services. Key regions are Europe and globally for Healthcare and Technology & Payments investments. Since inception in 1989, Nordic Capital has invested more than EUR 15.5 billion in over 110 investments. The most recent fund is Nordic Capital Fund X with EUR 6.1 billion in committed capital, principally provided by international institutional investors such as pension funds. Nordic Capital Advisors have local offices in Sweden, Denmark, Finland, Norway, Germany, the UK and the US. For further information about Nordic Capital, please visit www.nordiccapital.com

 

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inRiver Closes $32 Million in Funding Led by Lugard Road Capital

Industriefonden

November 2, 2020

Focus on product excellence, global expansion, and partnerships continue into 2021for the leading product information management (PIM) solution offered as a SaaS.

CHICAGO and MALMÖ, Sweden—(November 2, 2020) inRiver, a leading provider of product information management (PIM) solution that helps businesses sell more products, today announced that they have closed $32 million in funding led by Lugard Road Capital, a global investment fund, and with participation from existing investors Verdane, Industrifonden, Zobito and RoosGruppen. Funding will support the rapid growth planned to meet accelerated customer demand, continued product development, and further global expansion of inRiver.

“The growth in digital commerce, complexity of data, and the increasing importance of the technology ecosystem has been unprecedented this year,” said Thomas Zanzinger, CEO, inRiver. “Buyers now expect consistent and engaging customer experiences across channels, this means product information has to be exceptional to drive revenue. Global teams cannot waste time or money on manual processes, inaccurate data, or the inability to scale. inRiver’s latest funding means we can help even more businesses to solve those challenges.”

As more organizations expand and enhance their digital commerce offerings, the need to scale quickly and easily increases. inRiver’s product information management solution integrates smoothly with other technologies in the ecosystem to offer the most extensive and scalable multitenant SaaS solution in the market today.

The funds raised will be used to drive accelerated product leadership and extend the offering. The funding will support accelerated expansions in North America, the highest growth market, and will help open new growth markets across Europe. It will also help inRiver continue to build key partnerships and alliances to meet evolving customer demands.

“We are excited to partner with inRiver on this funding round to drive growth,” stated Jonathan Green, Partner, Lugard Road Capital. “Digital commerce is a rapidly evolving market, and this will only strengthen inRiver’s leadership position.”

To learn more about inRiver and how we help organizations speed time to market and drive revenue, visit the site here. www.inriver.com.

*Pareto Securities acted as sole manager and bookrunner in connection with the funding round.

Contacts:
For US:Erika Goldwater
erika.goldwater@inriver.com
+1.617.407.3578

For EMEA:Katja Doemer
katja.doemer@inriver.com
+49 151 52846868

About inRiver
inRiver helps organizations sell more products online via better product information. Its product information management (PIM) solution enables better customer experiences for branded manufacturers, industrial manufacturers, and retailers to sell their products and solutions across any channel or marketplace quickly and easily. inRiver helps businesses increase revenues, customer satisfaction, and brand equity for over 1,500 brands and 500 customers globally. Headquartered in Malmö, Sweden, inRiver has offices in Chicago and Amsterdam. For more information, visit inRiver.com

About Lugard Road Capital
Lugard Road Capital is a global investment fund primarily focused on public and private companies in the Internet, software, consumer, and technology sectors.

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AddSecure acquires RTL Telematics through its Smart Transport UK company, Connexas

Castik Capital

RTL’s strong technical offering of solutions for hazardous goods andadvanced vehicle cameras, is of particular importance to AddSecure and will be rolled out across the wider Smart Transport customer base.

AddSecure, a leading European provider of premium IoT solutions, with a focus on secure critical communications and data, today announced that it has acquired RTL Telematics through its Smart Transport UK company, Connexas. The objective is to further  strengthen its market leading position within Transport and Logistics in the UK, and to realize its strategy of becoming the leading provider of Fleet and Transport Management solutions in Europe.

RTL provides telematics services to fleet operators and focuses on logistics companies transporting hazardous goods. The company works with some of the world’s largest and most respected organisations, many of whose requirements are extremely complex. Including the likes of BP, Shell, Esso, Texaco, Nestle, Wincanton, and Hoyer.

“The acquisition of RTL is an opportunity to accelerate AddSecure’s strategic roadmap. AddSecure Smart Transport will benefit from significant additional technologies and added R&D resources to consolidate its innovation leadership in Fleet and Transport Management,” says Stefan Albertsson, CEO of AddSecure.

The telematics equipment and technology platform offered by RTL captures and analyzes vehicle and driver data, to provide insights to customers, and inform financial and operational decisions. Three core analytical areas are offered as part of the solution: Cost savings, contributing to reductions in fuel consumption and operational efficiencies. Performance metrics, which gauge driver and overall fleet safety in real time, identifying poor drivers and providing rectification training. And finally, legal compliance, where video footage can be used for claim intervention by providing an impartial account of events.

“I have personally known RTL’s MD, Konstantin Rainkine, for many years and look forward to working with a fellow developer and entrepreneur of telematics with a passion for customer support and delivery. This addition to the UK business will strengthen our offering and broaden our expertise in camera technology and driver behaviour. This will then be rolled out across our other AddSecure business units and accelerate our best practice services to pan-European customers. We welcome RTL and the team onboard for the exciting journey ahead”, says Andrew Overton, Managing Director of Connexas and VP of AddSecure Smart Transport UK.

“We couldn’t be more excited about this agreement. By joining forces with AddSecure and Connexas, we become part of a strong player with significant scale and financial strength to create the leading European Fleet and Transport Management provider”, says Konstantin Rainkine, Managing Director of RTL Telematics. RTL Telematics will be part of AddSecure and integrated in the Connexas offering. RTL’s Managing Director will report to Andrew Overton, Managing Director of Connexas and VP of AddSecure Smart Transport UK.

Contacts

Kristina Grandin
Press Contact
Director Corporate & Marketing Communications
kristina.grandin@addsecure.com
+46 706 89 52 08

About RTL Telematics

RTL is a custom telematics specialist for the commercial vehicle marketplace, providing sophisticated management tools that capture and analyze vehicle and driver data to optimize fleet safety and efficiency. With 25 years’ experience in vehicle telemetry, as well as working with many of the leading engine and truck manufacturers, the company is well placed to deliver advanced tracking, monitoring, and reporting systems that overcome specific operational challenges and enhance business performance. Working from regional offices in the UK and Australia, the customer base covers over twenty countries spanning six continents.

AddSecure

Add Secure is a leading European provider of premium IoT solutions with a focus on secure critical communications and data. More than 100,000 customers within the security and safety industry, rescue services, building security and automation, digital care, transport and logistics, utilities, smart cities, and more, safeguard their life and business-critical applications with solutions from AddSecure. This helps save lives, protect property and vital societal functions, and drives business. The secure and reliable end-to-end solutions within the business units Smart Alarms, Smart Care, Smart Grids, Smart Rescue, and Smart Transport, help make the world a safer and smarter place. The company, founded in the early 1970s, today employs more than 750staff in 15 countries. AddSecure is headquartered in Stockholm, Sweden, and has regional offices as well as a network of distributors around Europe. AddSecure is majority-owned by Funds managed by Castik Capital, a European private equity fund with a long-term approach to value creation, founded in 2014.

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Eurazeo Capital invests in Questel alongside IK Investment Partners, RAISE Investissement and the management team

ik-investment-partners

As previously announced, Eurazeo Capital, alongside IK Investment Partners, RAISE Investissement and the management team, will invest in Questel to acquire 100% of its share capital. Eurazeo and the IK IX Fund will each invest an initial amount of nearly €200 million and together will hold a majority stake. Definitive financial information will be disclosed once the transaction has been completed.

Questel is a major intellectual property solutions provider that operates worldwide, developing SaaS products and an automated brand services and patent filing platform. The company works with close to 6,000 clients, including a number of large multinationals, offering end-to-end collaborative patent and brand management solutions across the innovation and intellectual property cycle, from invention, through to filing and renewal.

Employing approximately 900 people across 30 countries throughout the world, Questel is renowned for its technological expertise and has expanded considerably since 2018, when the IK VIII Fund first invested in the company.

Eurazeo Capital, IK Investment Partners and RAISE Investissement will support the Questel management team to pursue its growth strategy to gain a foothold in new markets, regions and services, while maintaining its strong technological focus. Questel will be able to take advantage of Eurazeo’s strong international network, in particular in the US and China. Supported by its shareholders, Questel will continue to pursue its ambitions, complete acquisitions and strengthen its range of SaaS solutions and services provided internationally.

The Eurazeo China Acceleration Fund, which was set up to support Eurazeo’s investments in French and European companies that are active in sectors with high growth potential in China in order to accompany them in pursuing this strategy, will also invest in Questel.

Charles Besson, CEO of Questel, said: “IK and Raise have supported and trusted us entirely to develop Questel. The goup has tripled its size in less than three years and continued to enrich its software and services offering. We are delighted to welcome Eurazeo as a new shareholder for this new chapter.”

Marc Frappier, Managing Partner of Eurazeo and Head of Eurazeo Capital, said: “We are delighted to start working with Questel throughout the next stage of its development. This investment is a perfect example of Eurazeo Capital’s strategy to support high-potential tech companies to grow and expand internationally. We strongly believe in Charles Besson and his team, their ability to innovate and the quality of their solutions. And when combined with the expertise Eurazeo Capital is able to provide, we are sure Questel will continue to develop in a very high growth market.”

Dan Soudry, Managing Partner at IK, and adviser to the IK VIII and IK IX Funds, said: “We are proud to support Charles Besson and his team to bolster Questel’s position as the leading provider of intellectual property solutions. Over the last two years, the group has tripled in size, driven by strong organic growth and a dynamic acquisition strategy that has helped Questel diversify its range of products and services and extend its geographic footprint. We firmly believe Questel demonstrates considerable growth potential and we are very pleased to continue the journey and support its management team for the next chapter.”

Mathieu Blanc, Managing Partner at RAISE Investissement, said: “We seek to support talented entrepreneurs over the long term and through every stage of their development. Charles Besson and his team have done remarkably well over recent years to make Questel one of the world’s leading provider of intellectual property solutions. Having worked with them since 2015, we are extremely proud today to renew our backing of their ambitious growth plan for a third time.”

For further questions, please contact:

Eurazeo
Pierre Bernardin
Head of Investor Relations
pbernardin@eurazeo.com
Tel: +33 (0)1 44 15 16 76

Virginie Christnacht
Head of Communications
vchristnacht@eurazeo.com
Tel: +33 (0)1 44 15 76 44

IK Investment Partners
France:
CTCom
Sibylle Descamps
sibylle.descamps@ct-com.com
Tel: +33 (0) 6 82 09 70 07

International:
Maitland/AMO
James McFarlane
jmcfarlane@maitland.co.uk
Tel: +44 (0) 7584 142 665

RAISE Investissement
Charlotte Doyen
charlotte.doyen@raise.com
Tel: +33 674791846

About Eurazeo
Eurazeo is a leading global investment company, with a diversified portfolio of €18.5 billion in assets under management, including nearly €12.9 billion from third parties, invested in over 430 companies. With its considerable private equity, venture capital, real estate, and private debt, Eurazeo accompanies companies of all sizes, supporting their development through the commitment of its nearly 300 professionals and by offering deep sector expertise, a gateway to global markets, and a responsible and stable foothold for transformational growth. Its solid institutional and family shareholder base, robust financial structure free of structural debt, and flexible investment horizon enable Eurazeo to support its companies over the long term. Eurazeo has offices in Paris, New York, Sao Paulo, Seoul, Shanghai, London, Luxembourg, Frankfurt, Berlin and Madrid. Eurazeo is listed on Euronext Paris. ISIN: FR0000121121 – Bloomberg: RF FP – Reuters: EURA.PA

About IK Investment Partners
IK Investment Partners (“IK”) is a Pan-European private equity firm focused on investments in the Benelux, DACH, France, Nordics and the UK. Since 1989, IK has raised more than €13 billion of capital and invested in over 130 European companies. IK supports companies with strong underlying potential, partnering with management teams and investors to create robust, well-positioned businesses with excellent long-term prospects. For more information, please visit www.ikinvest.com

About RAISE Investissement
RAISE Investissement is a capital investment company set up by the RAISE group, founded by Clara Gaymard and Gonzague de Blignières. With €410 million of committed capital, the fund supports high growth medium-sized French companies that generate revenue of between €30 million and €500 million, by investing stakes of between €10 million and €50 million to help them grow. The RAISE group is built around a financing model that combines profitability with generosity as the investment teams (RAISE Investissement, RAISE REIM, RAISE Ventures, RAISE Impact and RAISE LAB) donate 50% of their earnings through the group profit sharing scheme to an internal endowment fund, RAISESHERPAS, which supports startups and helps them grow. This initiative, pioneering in France, creates a virtuous circle involving major corporations, institutional investors, medium-sized businesses and startups. For more information, visit www.raise.co/en/

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inRiver Closes $32 Million in Funding Led by Lugard Road Capital

Industriefonden

November 2, 2020

Focus on product excellence, global expansion, and partnerships continue into 2021for the leading product information management (PIM) solution offered as a SaaS.

CHICAGO and MALMÖ, Sweden—(November 2, 2020) inRiver, a leading provider of product information management (PIM) solution that helps businesses sell more products, today announced that they have closed $32 million in funding led by Lugard Road Capital, a global investment fund, and with participation from existing investors Verdane, Industrifonden, Zobito and RoosGruppen. Funding will support the rapid growth planned to meet accelerated customer demand, continued product development, and further global expansion of inRiver.

“The growth in digital commerce, complexity of data, and the increasing importance of the technology ecosystem has been unprecedented this year,” said Thomas Zanzinger, CEO, inRiver. “Buyers now expect consistent and engaging customer experiences across channels, this means product information has to be exceptional to drive revenue. Global teams cannot waste time or money on manual processes, inaccurate data, or the inability to scale. inRiver’s latest funding means we can help even more businesses to solve those challenges.”

As more organizations expand and enhance their digital commerce offerings, the need to scale quickly and easily increases. inRiver’s product information management solution integrates smoothly with other technologies in the ecosystem to offer the most extensive and scalable multitenant SaaS solution in the market today.

The funds raised will be used to drive accelerated product leadership and extend the offering. The funding will support accelerated expansions in North America, the highest growth market, and will help open new growth markets across Europe. It will also help inRiver continue to build key partnerships and alliances to meet evolving customer demands.

“We are excited to partner with inRiver on this funding round to drive growth,” stated Jonathan Green, Partner, Lugard Road Capital. “Digital commerce is a rapidly evolving market, and this will only strengthen inRiver’s leadership position.”

To learn more about inRiver and how we help organizations speed time to market and drive revenue, visit the site here. www.inriver.com.

*Pareto Securities acted as sole manager and bookrunner in connection with the funding round.

Contacts:
For US:Erika Goldwater
erika.goldwater@inriver.com
+1.617.407.3578

For EMEA:Katja Doemer
katja.doemer@inriver.com
+49 151 52846868

About inRiver
inRiver helps organizations sell more products online via better product information. Its product information management (PIM) solution enables better customer experiences for branded manufacturers, industrial manufacturers, and retailers to sell their products and solutions across any channel or marketplace quickly and easily. inRiver helps businesses increase revenues, customer satisfaction, and brand equity for over 1,500 brands and 500 customers globally. Headquartered in Malmö, Sweden, inRiver has offices in Chicago and Amsterdam. For more information, visit inRiver.com

About Lugard Road Capital
Lugard Road Capital is a global investment fund primarily focused on public and private companies in the Internet, software, consumer, and technology sectors.

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AddSecure acquires RTL Telematics through its Smart Transport UK company, Connexas

Castik Capital

RTL’s strong technical offering of solutions for hazardous goods andadvanced vehicle cameras, is of particular importance to AddSecure and will be rolled out across the wider Smart Transport customer base.

AddSecure, a leading European provider of premium IoT solutions, with a focus on secure critical communications and data, today announced that it has acquired RTL Telematics through its Smart Transport UK company, Connexas. The objective is to further  strengthen its market leading position within Transport and Logistics in the UK, and to realize its strategy of becoming the leading provider of Fleet and Transport Management solutions in Europe.

RTL provides telematics services to fleet operators and focuses on logistics companies transporting hazardous goods. The company works with some of the world’s largest and most respected organisations, many of whose requirements are extremely complex. Including the likes of BP, Shell, Esso, Texaco, Nestle, Wincanton, and Hoyer.

“The acquisition of RTL is an opportunity to accelerate AddSecure’s strategic roadmap. AddSecure Smart Transport will benefit from significant additional technologies and added R&D resources to consolidate its innovation leadership in Fleet and Transport Management,” says Stefan Albertsson, CEO of AddSecure.

The telematics equipment and technology platform offered by RTL captures and analyzes vehicle and driver data, to provide insights to customers, and inform financial and operational decisions. Three core analytical areas are offered as part of the solution: Cost savings, contributing to reductions in fuel consumption and operational efficiencies. Performance metrics, which gauge driver and overall fleet safety in real time, identifying poor drivers and providing rectification training. And finally, legal compliance, where video footage can be used for claim intervention by providing an impartial account of events.

“I have personally known RTL’s MD, Konstantin Rainkine, for many years and look forward to working with a fellow developer and entrepreneur of telematics with a passion for customer support and delivery. This addition to the UK business will strengthen our offering and broaden our expertise in camera technology and driver behaviour. This will then be rolled out across our other AddSecure business units and accelerate our best practice services to pan-European customers. We welcome RTL and the team onboard for the exciting journey ahead”, says Andrew Overton, Managing Director of Connexas and VP of AddSecure Smart Transport UK.

“We couldn’t be more excited about this agreement. By joining forces with AddSecure and Connexas, we become part of a strong player with significant scale and financial strength to create the leading European Fleet and Transport Management provider”, says Konstantin Rainkine, Managing Director of RTL Telematics. RTL Telematics will be part of AddSecure and integrated in the Connexas offering. RTL’s Managing Director will report to Andrew Overton, Managing Director of Connexas and VP of AddSecure Smart Transport UK.

Contacts

Kristina Grandin
Press Contact
Director Corporate & Marketing Communications
kristina.grandin@addsecure.com
+46 706 89 52 08

About RTL Telematics

RTL is a custom telematics specialist for the commercial vehicle marketplace, providing sophisticated management tools that capture and analyze vehicle and driver data to optimize fleet safety and efficiency. With 25 years’ experience in vehicle telemetry, as well as working with many of the leading engine and truck manufacturers, the company is well placed to deliver advanced tracking, monitoring, and reporting systems that overcome specific operational challenges and enhance business performance. Working from regional offices in the UK and Australia, the customer base covers over twenty countries spanning six continents.

AddSecure

Add Secure is a leading European provider of premium IoT solutions with a focus on secure critical communications and data. More than 100,000 customers within the security and safety industry, rescue services, building security and automation, digital care, transport and logistics, utilities, smart cities, and more, safeguard their life and business-critical applications with solutions from AddSecure. This helps save lives, protect property and vital societal functions, and drives business. The secure and reliable end-to-end solutions within the business units Smart Alarms, Smart Care, Smart Grids, Smart Rescue, and Smart Transport, help make the world a safer and smarter place. The company, founded in the early 1970s, today employs more than 750staff in 15 countries. AddSecure is headquartered in Stockholm, Sweden, and has regional offices as well as a network of distributors around Europe. AddSecure is majority-owned by Funds managed by Castik Capital, a European private equity fund with a long-term approach to value creation, founded in 2014.

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Nuvei Completes Acquisition of Smart2Pay, Strengthens Presence in High-Growth Digital Markets and Expands Payment Methods

Novacap

Acquisition creates one of the largest alternative payment method solution providers in the world

MONTREAL and AMSTERDAM, Nov. 02, 2020 – Nuvei Corporation (“Nuvei” or the “Company”) (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands, today announced it has completed the previously announced acquisition of Smart2Pay Global Services B.V. (“Smart2Pay”).

 

The acquisition strengthens Nuvei’s presence in high-growth digital commerce verticals and further expands the Company’s geographic footprint in additional regions. Furthermore, the transaction creates one of the largest and most complete alternative payment method (APM) solution providers in the world, with 450 APMs supporting online merchants in more than 200 global markets.

 

RBC Capital Markets advised Nuvei on the transaction, while FT Partners advised Smart2Pay.

 

About Nuvei

We are Nuvei, the payment technology partner of thriving brands. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration – propelling them further, faster. Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates. Our proprietary platform offers direct connections to all major payment card schemes worldwide, supports 450 local and alternative payment methods and nearly 150 currencies. Our purpose is to make our world a local marketplace. For more information, visit www.nuvei.com.

 

Forward-Looking Information

This press release contains “forward-looking information” within the meaning of applicable securities laws, including statements regarding Smart2Pay’s payment solutions and technologies. Forward-looking information involves known and unknown risks and uncertainties, many of which are beyond the Company’s control, that could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. These risks and uncertainties include but are not limited to Nuvei’s ability to integrate Smart2Pay, accelerate its development timeline and increase its sales. Forward-looking information is based on management’s beliefs and assumptions and on information currently available to management. Although the forward-looking information contained in this press release is based upon what management believes are reasonable assumptions, you are cautioned against placing undue reliance on this information since actual results may vary from the forward-looking information. Unless otherwise noted or the context otherwise indicates, the forward-looking information contained in this press release is provided as of the date of this press release, and the Company does not undertake to update or amend such forward-looking information whether as a result of new information, future events or otherwise, except as may be required by applicable law.

 

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Agilitas-backed Danoffice IT acquires Npvision Group A/S

Agilitas

Agilitas, the pan-European mid-market private equity firm, is pleased to announce that its portfolio company Danoffice IT (“Danoffice”) has entered into an agreement to acquire Npvision Group A/S (“NPV”). This is the second add-on acquisition for Danoffice since Agilitas’s buyout of the company in November 2017. Terms of the acquisition will not be disclosed.

Danoffice is a supplier of sustainable IT to a wide range of international clients, with significant cross-border operations and exposure to developing countries. Danoffice provides high-value solutions in a compliant and secure manner, serving customers such as the United Nations, IGOs and NGOs with critical operations in remote parts of the globe. Danoffice also has a focus on value-added IT solutions to global corporate customers primarily with headquarters in Denmark or Switzerland, mid-market domestic customers and the public sector.

NPV is headquartered in Risskov, Denmark, and was one of the country’s first movers in circular IT, whereby used computer equipment is acquired, securely refurbished, and then sold for re-use, thereby significantly reducing e-waste. The market for used and refurbished IT equipment has developed exponentially over the last 10 years, and NPV has built a significant footprint and reputation for best practice in the space in Denmark.

The strategic acquisition continues Danoffice’s transformation by broadening its service offering, strengthening its technical expertise, and expanding its customer base.

Agilitas has a successful track record of creating value in the Nordic region, using its deep transformational and sector expertise built through Agilitas’s backing of the Danish and Norwegian companies Recover Nordic, Reconor, Cibicom (previously known as Teracom Danmark), and Danoffice IT.

Lars Baun Jensen, CEO of Danoffice, said: “It is fundamental for our strategy that sustainability is embedded in all we do. We have already put into place initiatives with some of our customers and internal sustainability is top of our agenda to ensure we are the leading player in our industry. NPV and Danoffice’s combined offering will demonstrate how sustainability and a circular economy are, and will continue to be, key elements in our offerings to the market.”

Niels Peter Holm, Founder and CEO of NPV, said “We are confident that this will be a highly beneficial match for both parties. Danoffice has a unique global market reach which NPV will benefit from, and we will bring our well-known and unique distribution channels for used IT. There are obvious synergies, and together we will become a leading IT asset disposal supplier with a global agenda.”

Kevin Iermiin, of Agilitas and member of the Danoffice Board, commented: “Sustainability is at the cornerstone of what NPV does and so there is a real alignment of vision with Danoffice. This acquisition will create synergies between our businesses units and help support Danoffice’s transformation plan by further broadening our service offering and expanding our customer base.”

Martin Calderbank, Managing Partner at Agilitas, commented: “The acquisition of NPV is another important step in Danoffice’s ambitious growth plans. The combination will provide Danoffice with new expertise in the rapidly growing circular IT market, and both companies will benefit from each other’s complementary distribution channels and client bases, allowing the provision of sustainable IT solutions to an even broader market.”

Danoffice and Agilitas were advised on the transaction by:

– Lund Elmer Sandager – Legal

– PWC – Financial and Tax

Media enquiries to: Greenbrook – Alex Jones, James Madsen and Catriona Crellin

+44 20 7952 2000 | agilitas@greenbrookpr.com

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