Tag Archives: Information technology

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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AnaCap enters exclusivity for acquiring a majority stake in Market Pay, the payments provider to Carrefour Group

Anacap

AnaCap Financial Partners (“AnaCap”), a leading specialist mid-market private equity investor, today announces that it has entered into exclusive negotiations for the purchase of a majority stake in Market Pay, an innovative end-to-end omnichannel payments platform operating in multiple countries, from the Carrefour Group (“Carrefour”) in a deal valued close to €300 million.

The transaction is subject to the consultation of works council and to the usual closing conditions (including regulatory and antitrust approvals).

The deal, expected to complete in H1 2021, would see Carrefour retaining a minority stake in what will be a working partnership to commercialise the offering outside Carrefour, diversify product lines and internationalise Market Pay. AnaCap’s proposed ownership would also see Market Pay remain the exclusive payments provider for the Carrefour Group going forward, whilst further diversifying its client base.

Market Pay is a leading omnichannel provider of payment services, offering comprehensive one-stop-shop solutions for merchants and fintech companies. With a strong retail heritage, focus on end-customer experience, unified data platform and some of the best-in-class payment features, it is ideally positioned to help unlock real value for clients across all payment methods.

Market Pay was created as the payment arm of the Carrefour Group in 2016, by an innovative group of intrapreneurs led by Frédéric Mazurier and Isabelle Clairac. Frédéric, Isabelle and their team will retain key leadership roles under AnaCap’s control, becoming shareholders alongside AnaCap and Carrefour.

Market Pay increases in-store efficiency by reducing checkout time and improving customer experience. It helps boost merchant sales by providing customers with a wide range of payment methods. It supports e-commerce transition for Point of Sale (“PoS”) focused retailers and offers secured payment transactions by optimising payment tunnels and reducing fraud risk for merchants.

Leveraging Market Pay’s robust platform and innovative offering, tried and tested with Carrefour Group as one of the largest and most complex retailers globally, AnaCap will therefore seek to institutionalize commercial efforts and support further investment in sales and marketing to maximize client reach, while also focusing on the partner distribution strategy.

Market Pay has had strong, consistent growth for nearly 4 years. In 2019, Market Pay processed 1.3 billion acceptance transactions, managed a portfolio of 5 million cards and operated 45,000 terminals. In 2020, the pandemic reinforced and accelerated continuation of secular tailwinds in the payments sector of Market Pay’s target geographies, including the growth of non-cash transactions and further penetration of e-commerce more broadly.

The transaction represents AnaCap’s first investment in the French payments ecosystem, following 8 acquisitions in the DACH region as part of a highly successful buy and build strategy centred around heidelpay, a German payments business that was sold to KKR last year.

Nassim Cherchali, Partner for M&A at AnaCap, commented: “Market Pay is uniquely positioned at the heart of the deep, fragmented and rapidly developing European payments ecosystem, benefiting from the consumer shift from cash to card and offline to online. AnaCap is uniquely positioned to support the management team and internationalise into new markets across Europe, investing in and securing franchise growth while also implementing our best-in-class technology practices. AnaCap has great experience in the payments space and we are very excited to begin the next phase of growth with Market Pay.”

Frédéric Mazurier, Chairman at Market Pay, commented: “The Carrefour Group were keen to partner with a company that had a strong track record both in the payments sector and in growing fintech businesses internationally with innovative operational strategies. We believe that AnaCap represent the perfect choice to help us develop and explore new markets outside of the Carrefour Group and we look forward to, pending completion, an exciting new chapter for the company in 2021 and beyond.”

For this transaction, AnaCap received financial advice from FIG Partners SAS and legal advice from Proskauer Rose LLP.

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CoConstruct Acquires CBUSA

Serent Capital

October 30, 2020

CoConstruct, the Virginia-based SaaS provider of project, financial, and client management software for independent home builders and remodelers, announced that it has acquired CBUSA, the US’s largest group purchase organization that allows custom and semi-custom builders to combine their buying power to more effectively compete with national builders. The acquisition complements CoConstruct’s existing construction software, which its customers use to manage the financials of building projects, by integrating group purchasing programs that improve the underlying economics of residential construction.

CoConstruct, the #1-rated construction software for independent home builders and remodelers for ten years running, is used by more than 5,000 residential construction companies managing over $23 billion in projects in the past year alone. Handling everything from communication tracking, field scheduling, and payment processing, CoConstruct plans to use this acquisition to further the company’s “Build Together” mantra by expanding its community-building efforts beyond best practice sharing to lowering hard costs on projects.

CBUSA, founded in 2004 by Bill Smithers, operates a group buying network of 500 custom and independent home builders in 29 geographic markets, whose combined new home starts rank it as the seventh-largest home builder in the United States. Bill, and the entire CBUSA team, will continue with CoConstruct to expand their work in the combined company.

“CoConstruct is a business improvement company — not just a software company — for builders and remodelers,” said Donny Wyatt, Founder and CEO of CoConstruct. “Bill and the CBUSA team have that same ‘business improvement’ mindset. We’re excited to combine the two companies’ approaches into one integrated solution that makes it simple for customers to take advantage of the hard dollar cost-savings from CBUSA’s power buying model by integrating them into the efficiency-boosting, all-in-one financial workflow that CoConstruct has today.”

“This is the next phase in supercharging our company and will help our team to fully realize CBUSA’s vision,” said Bill Smithers, Founder and CEO of CBUSA. Bill will become a CoConstruct shareholder as part of the transaction. “The more volume we have in the market, the greater our buying power, which is at the core of our “strength in numbers” approach. By combining our expertise in purchasing with CoConstruct’s technology platform and large customer base, we are able to bring more value to our network and unrivaled opportunities for operational improvement.”

While work will begin immediately on integrations to bring enhanced value to CoConstruct users, existing CBUSA customers who are not currently using the CoConstruct platform will continue to participate and benefit from the CBUSA network, as they have in the past. The combined teams will also be working with CBUSA’s national manufacturer partners to help them best capitalize on the greatly expanded post-acquisition reach of the group purchase network.

About CoConstruct

CoConstruct is the highest rated construction software for home builders and remodelers as ranked by Gartner’s SoftwareAdvice.com and has been named to the Inc. 5000 list for the last seven years. The company’s cloud-based project management tools help independent builders and remodelers coordinate their projects, communicate better with clients & crews, and control the financials of their jobs. Users can manage their projects from their tablet or desktop, or in the field with a mobile app. CoConstruct is backed by San Francisco- and Austin-based private equity firm Serent Capital in 2018. For more information on CoConstruct, visit www.coconstruct.com.

About CBUSA

CBUSA is a powerful homebuilding network devoted to the success of independent home builders by reducing costs, increasing service levels, and creating a community of shared knowledge. The company is currently established in 29 cities nationwide, with a distributed team of 16 employees focused on serving and expanding their markets. www.cbusa.us

Serent Capital invests in growing businesses that have developed compelling solutions that address their customers’ needs. As those businesses grow and evolve, the opportunities and challenges that they face change with them. Principals at Serent Capital have firsthand experience at capturing those opportunities and navigating these difficulties through their experiences as CEOs, strategic advisors, and board members to successful growing businesses. By bringing its expertise and capital to bear, Serent seeks to help growing businesses thrive. Learn more about our portfolio companies.

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RapidSOS to Deliver MedicAlert User Information to 999 Systems During Emergencies

C5 Capital

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Verdane partners with cloud-based planning platform Stratsys to digitalise public and private sector strategic management

Verdane Capital

Verdane, the Northern European specialist growth investor, has announced its minority investment in Stratsys, the cloud-based platform offering tools to simplify planning, execution and evaluation of strategic plans and governance models. Verdane will support Stratsys’ expansion in the Nordics and help grow its client base in both the public and private sector. Verdane will draw on its experience from over 40 investments in software companies to support the development of Stratsys go-to-market model as it helps their customers to digitalise governance and strategic management.

“We offer the best cloud-based solution in the market for strategic planning and management. Too many public sector and private organisations still use inefficient systems like Word or Excel to plan, execute and evaluate projects and strategies. Together with Verdane, we are going to bring the Stratsys platform to new markets across the Nordics and increase our traction in the private sector. Sweden has one of the most digitally advanced public sectors in the world, and both public and private sector organisations everywhere could save a lot of time and money by centralising and simplifying strategic planning, management and governance”, says Henrik Lepasoon, CEO at Stratsys.

Founded in 2000 by Henrik Lepasoon and Magnus Pernvik, Stratsys is a Sweden-based SaaS company offering a configurable governance and strategic management platform. Its software platform digitalises workflow processes and creates an overview of the links between the overall strategic plan and actions needed. As a result, the administrative burden on the organisation is eased as internal stakeholders can better coordinate their work and there is increased transparency on strategic plans and follow-ups. The company has a turnover of SEK 160m, with 25% recurring revenue growth.

 

“We are proud to partner with Henrik, Magnus and the Stratsys team on their growth journey. The team has built an impressive user-centric product with a uniquely high degree of intersystem compatibility that helps complex organisations efficiently comply with laws and regulatory requirements, letting them better deliver on their goals. As the most active financial investor in growth-stage software companies in the Nordics, Verdane is eminently suited to help Stratsys bring better governance and strategic management to more markets,” says Pål Malmros, Partner and Head of Software at Verdane.

Stratsys has over 300 public and private sector customers including Aleris, SAAB, Peab, Stena, Bonnier, City of Stockholm and Region Västra Götaland representing 200,000 daily users in Sweden and Norway, with a market-leading position in the public and healthcare sectors. The company has 150 employees across offices in Gothenburg, Malmö and Stockholm. Stratsys has certified a Great Place to Work for the past four years.

About Stratsys

Stratsys offers work-life simplicity for organizations that need an efficient digital solution for strategic planning and management. We make it easier for people, companies and organizations to get more out of their plans, projects and strategies. Since launching in 2000, Stratsys has gone from one to over twenty different products. We offer an entire platform of products and services for both the public and private sectors across a range of industries. Our 150 employees, based in Gothenburg, Malmö and Stockholm, support over 300 organisations representing 200,000 daily users in Sweden and Norway. www.stratsys.com

 

About Verdane

Verdane is a specialist growth equity investment firm that partners with ambitious Northern European tech-enabled businesses to help them reach the next stage of international growth. Verdane pioneered portfolio acquisitions in Northern Europe in 2003, and announced a complementary fund strategy entirely dedicated to direct investments in 2018. Verdane’s eight funds hold €2bn in total commitments and have made over 120 thematic investments into category leaders in digital consumer, energy & resource efficiency and software businesses. Verdane’s team of 61, based in Berlin, Copenhagen, Helsinki, London, Oslo and Stockholm, is dedicated to be the best growth partner in Northern Europe. www.verdane.com

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Portfolio company Codesandbox secures $12.7M series A funding

Arches Capital

Portfolio company CodeSandbox raised $12.7 million Series A funding, led by EQT Ventures, with participation from existing investors, Kleiner Perkins, Arches Capital, and new angel investors. With more than 2.5 million developers on their platform and over 10 million projects created, this Dutch delight is kicking ass! CodeSandbox will be using this funding to keep making it easier for creators to build and share their ideas with code.

Building a community around rapid web development

CodeSandbox launched 3 years ago, providing free, instant, collaborative sandboxes for rapid web development. In an increasingly complicated and fragmented ecosystem, CodeSandbox set out to make getting started with a new web application possible in just one click. When you want to experiment or learn something new, CodeSandbox removes the hassle of setting up a development environment, installing tooling, and provisioning—so you can focus on coding instead.

With its free, instant and collaborative sandboxes, CodeSandbox makes it possible to create static sites, components and full-stack web apps within seconds. This breakthrough has spurred a large community of web developers to form around the platform. Now, more than 2.5 million people each month make use of the more than 10 million projects that have been created on the platform. CodeSandbox has become the go-to place to prototype ideas with its fast, deep integrations with JavaScript frameworks like React, Vue and Angular.

We are creating the best tool for product teams to collaborate and build web apps quickly. Rather than trying to take a local development environment and simply put it in the Cloud, we’re building a web-first offering that is faster, more collaborative, and easier to use.

Ives van Hoorne, CEO CodeSandbox

With the launch of Pro Workspaces, whole product teams will be able to work on sandboxes together for the first time. A designer can provide quick UI feedback, a product manager can see how their specification is being implemented and marketing will be able to update associated copy. CodeSandbox Pro Workspaces i s currently available by invitation only and teams can join the waitlist here as more people will be added throughout Q4 2020.

About CodeSandbox
CodeSandbox provides free, instant, collaborative sandboxes for rapid web development. Founded in 2017, they have raised more than $15M from top-tier VCs and prominent industryfigures, including EQT Ventures, Kleiner Perkins, Arches Capital, Christian Bach & Mathias Biilmann (Netlify), and Dylan Field (Figma). CodeSandbox is used by developers around the globe, including within organizations like Shopify, Atlassian, and Stripe.

For more information visit www.codesandbox.io

About Arches Capital
Arches Capital, a fast-growing group of business angels, invests in startup and scale-up companies with a large growth potential. Through its investments, Arches Capital bridges the gap between formal investors (VCs) and informal investors (business angels), by joining the best of both worlds:

“ We source, select and invest like a VC;
We engage, care and inspire as the angel we are. ”

By bundling smart capital (combining funding with real business knowledge and experience) with true engagement (actively working together to achieve growth), we are able to ignite early stage companies achieve above-average growth. Arches Capital distinguishes itself from other angel networks by its active support to angels building a broad and professional investment portfolio, co-investment from Arches Capital in each deal and the unique distribution of proceeds amongst its members.

For more information, visit www.arches.capital

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Providence Strategic Growth Europe Agrees to Invest in Signaturit

Providence

October 28, 2020

Providence Strategic Growth Europe Signs Majority Investment in Leading Spanish SaaS Trust Service Provider Signaturit

  • Investment aims to fuel Signaturit’s continued growth and accelerate European expansion
  • Traditionally fragmented market with fast growth potential supported by strong industry tailwinds

BARCELONA & LONDON – October 28, 2020 – Providence Strategic Growth (“PSG”), the growth equity affiliate of premier asset management firm Providence Equity Partners (“Providence”), today announced signing of a majority investment by funds managed by PSG in Signaturit Solutions (“Signaturit” or the “Company”), a leading provider of cloud-based Trust Services that offers eSignature, eDelivery and eID solutions, and is headquartered in Barcelona, Spain. Financial terms were not disclosed.

Signaturit was founded in 2013 and is now one of the leading Trust Service software vendors in Southern Europe. Its technology platform provides a SaaS-based solution that allows customers to send and sign documents legally and seamlessly. The Company has also developed other major trust services to cover adjacent parts of the digital signature process: eDelivery, which certifies the delivery of the entire electronic signature procedure; and eID, which offers secure authentication of the person before signing a document.

The deal, which is subject to regulatory clearance, builds on Signaturit’s successful trajectory. Since its inception, the Company has raised more than €10 million in pre-seed and series A funding, both from Spanish and international investors. PSG’s European team will support Signaturit’s next phase of growth, including product diversification, geographic expansion and strategic M&A opportunities. Signaturit’s founders maintain their shareholding with Co-Founder and CEO Juan Zamora continuing to lead day-to-day operations and Signaturit’s team of 100 employees.

“The Signaturit team has built an outstanding business in a market that is expected to surge in the next five years and we believe is consequently poised for success,” said Dany Rammal, Managing Director at PSG.

“Signaturit’s scalable technology platform and understanding of their customers’ needs has led them to develop an innovative integrated solution that positions the Company at the forefront of electronic digital security and identity verification,” said Romain Railhac, Director at PSG.

Juan Zamora, Co-Founder and CEO, commented: “Signaturit was founded to help bring the signing processes of multinationals and SMEs into the 21st century. We are a team with clear global ambition and are delighted to have entered into this partnership with PSG, which has a strong track record of supporting SaaS companies. Their investment positions us for future growth while enabling us to continue providing exceptional service to our many customers.”

Signaturit currently helps more than 2,500 organizations, including renowned international brands – such as Manpower, AXA, Admiral Insurance, EY, Decathlon, and Vorwerk – to manage their digital security and identity and facilitate the request and realization of electronic signatures quickly, safely and with full legal validity, and has helped its customer base to request and receive 38 million signatures through its platform. Among the many accolades that it has received over the years, Signaturit was selected to participate in the EU’s Horizon2020 program, an endorsement of its top-class capabilities in the e-Signature and electronic Trust Services space.

About Signaturit
Signaturit is a Qualified Trust Service Provider that offers innovative cloud-based solutions in the field of Electronic Signatures (eSignatures), Certified Registered Delivery (eDelivery) and Electronic Identification (eID) to digitise any transaction between companies and individuals, securely and with full legal compliance. Founded in 2013, the company serves over 2,500 customers in more than 40 countries and has completed over 38 million signatures on its platform. Signaturit’s Trust Services optimise the signature process enabling customers to reduce paper consumption, improve their billing and hiring processes and provide their teams with a tool that helps them to streamline their administrative tasks related to document signing. For more information on Signaturit, please visit https://www.signaturit.com/en.

About Providence Strategic Growth
PSG is an affiliate of Providence Equity Partners (“Providence”). Established in 2014, PSG focuses on growth equity investments in lower middle market software and technology-enabled service companies. Providence is a premier global asset management firm that pioneered a sector-focused approach to private equity investing with the vision that a dedicated team of industry experts could build exceptional companies of enduring value. Since the firm’s inception in 1989, Providence has invested in more than 200 companies and is a leading equity investment firm focused on the media, communications, education, software and services industries. PSG is headquartered in Boston, MA, with offices in London and Kansas City. For more information on PSG, please visit https://www.provequity.com/private-equity/psg, and for more information on Providence, please visit https://www.provequity.com.

Media Contacts

Providence Strategic Growth
Sard Verbinnen & Co.
Rory King
Prov-SVC@sardverb.com

Signaturit
Roman
Lourdes Carmona and Iván Carballido
l.carmona@romanrm.com
i.carballido@romanrm.com

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