The founders and management team of NSO Group, a cyber-technology company headquartered in Luxembourg, acquire the company
• The management team is supported by European private equity firm Novalpina Capital
Xavier Cotelle, founder and CEO of bee2link – a publisher of SaaS software and digital solutions for automobile players – has announced that Bridgepoint Development Capital (BDC), the smid-cap division of the international private equity group, Bridgepoint, has taken a minority shareholding. The terms of the transaction are confidential.
Supported by BDC, Xavier Cotelle and his team will continue to develop bee2link, focusing particularly on the company’s European expansion. Xavier Cotelle and the management team reinvested significantly in the transaction and will continue to manage bee2link.
bee2link is a high growth company supporting the digital transformation of the automotive retail sector. A pioneer in SaaS digital platforms and applications publishing, bee2link has enjoyed a favorable environment since its creation in 2012 and draws on the experience of its managers in automotive retail, dealerships, management/finance and ICT. Its transversal solutions – Applications open to third-party systems (APIs) – seek to digitize business processes and the customer journey and target a client base of manufacturers (OEM), groups and automobile dealerships.
Thanks to the excellent results of its solutions, bee2link has equipped the leading manufacturers in France since 2013 and is also present in Belgium and Switzerland since 2018.
bee2link is growing steadily and has ambitions to become a leading European player within five years by: (i) capitalizing on its success with leading automobile manufacturers and deploying its solutions in new European subsidiaries, (ii) expanding through both internal and external growth and entering new automobile market segments, and (iii) bolstering its position as a key market supplier through its strong technical expertise, recently strengthened by the use of artificial intelligence.
Xavier Cotelle, founder and CEO of bee2link said: “We entrusted SODICA Corporate Finance, the mergers and acquisitions arm of the Crédit Agricole Group, with finding a leading international partner to accelerate our European expansion project. Bridgepoint, through its investment portfolio of market leaders, stood out for its sector expertise and the operating quality of its team. Our shared values, essential to both our companies, convinced us they were the right choice for this project. This partnership will be a winning force, allowing us to roll-out our success in France and across Europe.”
Olivier Nemsguern, Managing Partner of BDC in France added: “In a rapidly changing automobile market, bee2link is a pioneer in the digitalization of automotive retail businesses. Its solutions cover the entire value chain and are extremely popular with leading global manufacturers. We’re delighted to partner with bee2link’s management team, at the cutting-edge of digital innovation in the automobile industry. With our international network and additional financial resources, our aim to assist the company in accelerating its European expansion”.
About Bridgepoint Development Capital (BDC)
Bridgepoint Development Capital (BDC) focuses on transactions ranging between €30 million and €200 million.
Backed by a team of 27 professionals in Europe (including nine in Paris), Bridgepoint Development Capital (BDC) is one of the very few investors in the “Smid-cap” segment able to support the international development of mid-cap companies, thanks to support from nine Bridgepoint investment offices as well as operational support teams based in New York, San Francisco and Shanghai.
Advisers in this transaction included:
For the company and shareholders: SODICA Corporate Finance
For BDC: Alantra; Mayer Brown; Deloitte; Eleven Strategy; Mckinsey; PwC.
Unitranche financing was provided by Idinvest.
Viking Venture, the Nordic Software Investor, is happy to announce it’s latest investment in the Swedish digital marketplace company Studentvikarie AB. Studentvikarie AB which was founded in 2015, uses advanced technology to match the need for temporary teachers in education with motivated and competent students.
– Our vision is to provide high quality temporary teachers and high quality education in schools even when the regular teacher is absent, says co-founder and CEO Gustav Bild. Studentvikarie has undergone rapid growth in Sweden reaching 48 mSEK revenues in 2018. We are happy to welcome Viking Venture as investor in order to help us to continue our growth both in Sweden and abroad.
– The strong Studentvikarie team has impressed us with their advanced platform, their deep market understanding and consistent rapid growth. We think they are ideally positioned to be the number one player in Sweden and new geographical markets, commented Eivind Bergsmyr, partner at Viking Venture and newly elected chairman of the board of Studentvikarie.
Viking Venture holds 40% of the shares of Studentvikarie after the investment while founders Kristoffer Persson and Gustav Bild continue as major shareholders together with the rest of the management team.
– We are happy to announce our 47th investment since 2001 and the first software investment headquartered in Sweden, says Erik Hagen, Managing Partner of Viking Venture. Viking Venture is the leading investor in Nordic growth stage software companies. Our large portfolio of software companies creates an efficient ecosystem for sharing of best practice among companies.
The founders and management team of NSO Group, a cyber-technology company headquartered in Luxembourg, acquire the company
• The management team is supported by European private equity firm Novalpina Capital
The management team and founders of NSO Group today announced the acquisition of the company from global private equity firm Francisco Partners.
NSO Group develops technology that helps government intelligence and law enforcement agencies prevent and investigate terrorism and crime to save lives. Established from the combination of Israeli and European cyber technology companies, NSO Group has since become a global leader in providing cyber intelligence and analytics solutions to governments. The company has grown rapidly and finished 2018 with revenues of $250 million, and dozens of licensed customers.
The acquisition is led by NSO Group co-founders Shalev Hulio and Omri Lavie, together with members of the company’s senior executive team. A significant number of employees will participate in the acquisition. The founders and management team are supported in the acquisition by Novalpina Capital, a European private equity firm. Jefferies Group LLC is advising and leading the financing.
Shalev Hulio, Founder and Chief Executive Officer of NSO Group, said: “This is an important and significant milestone for NSO. I am proud of what the company and our employees have achieved since we were founded in 2010. Together we have built an amazing technology company that is making the world a safer place. As we look forward, we are delighted that Novalpina is joining as our equity partner. Together we can take NSO Group to the next level, launching new cutting-edge products that help our customers reduce the threats from terrorism and crime. I want to thank Francisco Partners for its tremendous support over the past few years. Its guidance has been instrumental to the success of the company.”
Eran Gorev, Operating Partner at Francisco Partners and Chairman of NSO Group, said: “We are very proud of the company’s contribution to the global war against terrorism and crime, and the many thousands of lives that have been saved thanks to the company’s technology. Since our investment in NSO Group, the company has continued to develop its outstanding technological capabilities and has more than quadrupled in size, while implementing a best-in-class business ethics framework and bringing in independent experts to ensure the company was operating in accordance with the highest ethical standards. We would like to thank all the amazing employees of NSO Group for their incredible contribution to the company and to making the world a safer place, and to wish them a highly successful future.”
Stefan Kowski, Partner at Novalpina Capital, said: “NSO Group has an impressive management team that has developed best-in-class, proprietary technologies sold to approved governments and intelligence agencies to help tackle terrorism and organised crime. We look forward to supporting NSO’s leadership as they continue to grow the business.”
About NSO Group
NSO Group is a global leader in the world of cyber-intelligence, data acquisition and analysis. The company’s mission is to equip select intelligence agencies and law enforcement organizations around the world with strategic, tactical and analytical technological capabilities required to ensure the success of their operations in fighting crime and terrorism.
NSO Group solutions are developed and maintained by a team of cyber-intelligence and cellular-communication experts who operate at the forefront of their fields. Their designs constantly evolve to keep pace with an ever-changing cyber world.
NSO Group is committed to the proper use of its technology to help governments strengthen public safety and protect against major security threats. NSO Group’s advanced intelligence solutions are used globally and play a major role in preventing terror activities, combating human trafficking and the war on drugs.
About Francisco Partners
Francisco Partners is a leading global private equity firm that specializes in investments in technology and technology-enabled services businesses. Since its launch over 18 years ago, Francisco Partners has raised over $14 billion in capital and invested in more than 200 technology companies, making it one of the most active and longstanding investors in the technology industry. The firm invests in opportunities where its deep sectoral knowledge and operational expertise can help companies realize their full potential. For more information on Francisco Partners, please visit www.franciscopartners.com
About Novalpina Capital
Novalpina Capital is an independent European private equity firm that invests in middle market companies. The Firm was founded by Stephen Peel, Stefan Kowski and Bastian Lueken in 2017. The founding partners bring more than 50 years of combined experience in private equity investing, having held senior positions in the European operations of firms including TPG, Centerbridge and Platinum Equity, and worked together for nearly a decade at TPG.
• The founders and management team of NSO Group, a cyber-technology company headquartered in Luxembourg, acquire the company
• The management team is supported by European private equity firm Novalpina Capital
The management team and founders of NSO Group today announced the acquisition of the company from global private equity firm Francisco Partners.
NSO Group develops technology that helps government intelligence and law enforcement agencies prevent and investigate terrorism and crime to save lives. Established from the combination of Israeli and European cyber technology companies, NSO Group has since become a global leader in providing cyber intelligence and analytics solutions to governments. The company has grown rapidly and finished 2018 with revenues of $250 million, and dozens of licensed customers.
The acquisition is led by NSO Group co-founders Shalev Hulio and Omri Lavie, together with members of the company’s senior executive team. A significant number of employees will participate in the acquisition. The founders and management team are supported in the acquisition by Novalpina Capital, a European private equity firm. Jefferies Group LLC is advising and leading the financing.
Shalev Hulio, Founder and Chief Executive Officer of NSO Group, said: “This is an important and significant milestone for NSO. I am proud of what the company and our employees have achieved since we were founded in 2010. Together we have built an amazing technology company that is making the world a safer place. As we look forward, we are delighted that Novalpina is joining as our equity partner. Together we can take NSO Group to the next level, launching new cutting-edge products that help our customers reduce the threats from terrorism and crime. I want to thank Francisco Partners for its tremendous support over the past few years. Its guidance has been instrumental to the success of the company.”
Eran Gorev, Operating Partner at Francisco Partners and Chairman of NSO Group, said: “We are very proud of the company’s contribution to the global war against terrorism and crime, and the many thousands of lives that have been saved thanks to the company’s technology. Since our investment in NSO Group, the company has continued to develop its outstanding technological capabilities and has more than quadrupled in size, while implementing a best-in-class business ethics framework and bringing in independent experts to ensure the company was operating in accordance with the highest ethical standards. We would like to thank all the amazing employees of NSO Group for their incredible contribution to the company and to making the world a safer place, and to wish them a highly successful future.”
Stefan Kowski, Partner at Novalpina Capital, said: “NSO Group has an impressive management team that has developed best-in-class, proprietary technologies sold to approved governments and intelligence agencies to help tackle terrorism and organised crime. We look forward to supporting NSO’s leadership as they continue to grow the business.”
About NSO Group
NSO Group is a global leader in the world of cyber-intelligence, data acquisition and analysis. The company’s mission is to equip select intelligence agencies and law enforcement organizations around the world with strategic, tactical and analytical technological capabilities required to ensure the success of their operations in fighting crime and terrorism.
NSO Group solutions are developed and maintained by a team of cyber-intelligence and cellular-communication experts who operate at the forefront of their fields. Their designs constantly evolve to keep pace with an ever-changing cyber world.
NSO Group is committed to the proper use of its technology to help governments strengthen public safety and protect against major security threats. NSO Group’s advanced intelligence solutions are used globally and play a major role in preventing terror activities, combating human trafficking and the war on drugs.
About Francisco Partners
Francisco Partners is a leading global private equity firm that specializes in investments in technology and technology-enabled services businesses. Since its launch over 18 years ago, Francisco Partners has raised over $14 billion in capital and invested in more than 200 technology companies, making it one of the most active and longstanding investors in the technology industry. The firm invests in opportunities where its deep sectoral knowledge and operational expertise can help companies realize their full potential. For more information on Francisco Partners, please visit www.franciscopartners.com
About Novalpina Capital
Novalpina Capital is an independent European private equity firm that invests in middle market companies. The Firm was founded by Stephen Peel, Stefan Kowski and Bastian Lueken in 2017. The founding partners bring more than 50 years of combined experience in private equity investing, having held senior positions in the European operations of firms including TPG, Centerbridge and Platinum Equity, and worked together for nearly a decade at TPG.
TRONDHEIM, NORWAY – FEBRUARY 12TH 2019 – 9AM GMT – Asolvi (www.asolvi.com), the
leading European provider of service management software for small and medium-sized
enterprises in the European field service industry, today announces the acquisition of Vantage
Computing (www.vantagecomputing.co.uk), one of the world’s most trusted developers of
service management solutions.
The procurement of Vantage Computing will enable a large number of Asolvi’s customers
(typically small to mid-sized companies) to benefit from Vantage Online: Vantage Computing’s
cloud-based product, currently providing streamlined and in-depth insights for 150 organizations.
Now underneath the Asolvi umbrella, Vantage Computing’s software solution will reach even
more small to mid-sized businesses and be further developed for this purpose.
The acquisition – Asolvi’s fourth in three years, with three of its purchased companies being UK in
origin – means that together the companies will have more than 1,000 customers across 35+
countries.
“The acquisition of Vantage Computing was a natural move for us,” comments Pål M. Rødseth,
CEO of Asolvi. “Previously a competitor of Purpose Software, which we acquired last month,
Vantage Computing complements our Evatic solution as it will help reach more customers that
are smaller in size. We are very excited to work with Tony Milford and his team and are looking
forward to drawing on the strength of the Asolvi family to utilize Vantage Computing to its full
potential. Tony and I believe that both companies will be stronger together and that we’ll be able
to generate efficient and seamless services for a large section of the industry.”
“It makes sense for us to be a part of the Asolvi family,” adds Tony Milford, CEO of Vantage
Computing. “Bringing the teams together means that we are able to develop and build better
products on a more solid foundation with Asolvi. We are incredibly excited to be one of the
component companies within the market leader in service management solutions for document
management, and I look forward to continue the journey as a part of the Asolvi family.”
With decades of combined experience developing solutions for a broad array of field service
sectors, Asolvi’s products manage thousands of engineers, millions of contracts, and tens of
millions of service tasks. Its mission is to continue creating, developing and honing new
NORWAY / UNITED KINGDOM / SWEDEN / FRANCE / GERMANY / SINGAPORE
functionality and solutions for the largely under-served SME market, through collaboration and
close relations with its customers. By understanding the issues, needs and preferences of SMEs,
the company is in a prime position to deliver the robust and intelligent solutions that the
increasingly service-oriented economy demands.
The consecutive acquisitions of Tesseract (in 2016), WS Software (in 2017), and, most recently,
Purpose Software in January 2019, is in line with Asolvi’s strategy to become the leading provider
of field service management systems for SMEs in Europe. The company has now added Vantage
Computing’s Vantage Online and Service Accent, Purpose Software’s 2Serv and CBS solutions to
its broadening product suite, which already includes the world-renowned Evatic, Tesseract and
WinServ solutions.
About Asolvi
Asolvi is a leading provider of service management software for small and medium-sized
enterprises (SMEs) in the field service industry in Europe. The private company is owned by the
founders, management and Viking Venture and is headquartered in Trondheim, Norway. More
information about its services is available from https://asolvi.com
About Vantage Computing
Founded in 1992, Vantage is one of the world’s leading developers of service management
solutions that maximize workforce productivity, improve customer satisfaction and minimize
operational costs. We have provided solutions to service operations in more than 35 countries
throughout the world. More information about its services is available from
www.vantagecomputing.co.uk.
For press information, please contact:
Asolvi
Pål M Rødseth
CEO
Phone: + 47 9069 7159
Email: pmr@asolvi.com
Deliberate PR
Amie Smith
Senior Account Executive
Phone: + 44 207 221 1540
Email: amie@deliberate-pr.com
The EQT Mid Market Asia III fund (“EQT” or “EQT Mid Market Asia”) has signed an agreement to acquire 10% primary shares in VBill Limited (“VBill” or the “Company”), a leading third-party payment service provider and merchant acquirer in China with a focus on small and medium-sized enterprises (“SMEs”). The management team, under the joint leadership of SHEN Zheng, Chairman, LI Huimin, CEO, GUO Yi, Vice President, XUE Guangyu, Vice President, and GE Xiaoxia, CFO, together with EQT and VBill’s parent company, Hi Sun Technology (China) Limited (“Hi Sun Technology”, 818.SEHK), will drive the Company’s next phase of growth.
Founded in 2011 and headquartered in Beijing, VBill offers a full range of payment solutions, including bank card acquiring, omni-channel payment, Internet payment and others. By leveraging its extensive merchant base, VBill also provides value-add services, such as fintech-enabled consumer lending. Under the leadership of the founding management team, possessing more than 20 years of industry experience, VBill has achieved remarkable growth since inception, and is today a leading merchant acquirer with a comprehensive service offering, large merchant base and innovative and extensive sales network.
With a strong management team and the support and relevant payment services experience from EQT’s Industrial Network, VBill is well-positioned to capture the attractive growth opportunities in the large and fast-growing third-party payment market in China. The strategy includes continued expansion into lower-tier cities and penetration in SMEs, leveraging the existing network to continue developing consumer lending business, and opportunistically identifying overseas expansion opportunities in Europe, Latin America and Southeast Asia.
SHEN Zheng, Chairman of VBill, said: “We are thrilled to have EQT as our strategic partner for VBill’s next growth phase. With EQT’s global and Chinese corporate governance and service sector experience, we are well-positioned to become the go-to payment service provider for local merchants and pursue overseas expansion opportunities.”
Martin Mok, Partner, Head of EQT Mid Market Asia and Investment Advisor to EQT Mid Market Asia III, concluded: “The management team has led the Company to achieve remarkable growth and become a top player in the sector. EQT looks forward to the new partnership and is fully committed to supporting the management team to continue delivering consistent growth and value creation through various expansion strategies.”
VBill’s implied total equity value in this investment is estimated to be up to RMB 5,880 million (USD 876 million), subject to the audited net income for the fiscal year of 2018. The Company processed over RMB 1.1 trillion (USD 170 billion) transaction value and recorded annual sales of RMB 1.7 billion (USD 254 million) and net income of RMB 190 million (USD 28 million) in 2017. Sales has grown at 2015-17A CAGR of 106% from RMB 402 million in 2015. NPAT has grown at 2015-17A CAGR of 102% from RMB 47 million in 2015. As of September 2018, VBill had 948 employees. The transaction is expected to close in the first half of 2019, subject to completion of restructuring.
Contacts
Martin Mok, Partner, Head of EQT Mid Market Asia and Investment Advisor to EQT Mid Market Asia III, +852 6303 3077
EQT Press Office, press@eqtpartners.com, +46 8 506 553 34
About EQT
EQT is a leading investment firm with more than EUR 50 billion in raised capital across 28 funds. EQT funds have portfolio companies in Europe, Asia and the US with total sales of more than EUR 19 billion and approximately 110,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.
More info: www.eqtpartners.com
About VBill
VBill is a leading independent third-party payment service provider in mainland China, present in over 200 cities and serving over 2.8 million active merchants. Founded in 2011 and headquartered in Beijing, VBill is fully licensed to conduct bank card acquiring, internet payment, mobile payment, cross border RMB settlement, and internet micro-lending services.
More info: www.vbill.cn
About Hi Sun Technology
Hi Sun Technology (stock code: 818.HK) is a leading integrated solutions provider of payments, finance, and telecommunications in China. Hi Sun Technology is principally engaged in the provision of payment processing solutions, financial solutions, platform operation solutions, as well as sales of information security chips and solutions, and electronic power meters and solutions.
More info: www.hisun.com.hk
WebSupport, headquartered in Bratislava, is a major Central European provider of web hosting and web services to over 100,000 customers in Slovakia and Hungary. Part of the growing local tech community, WebSupport has an impressive history of high customer satisfaction and double-digit growth. Besides hosting, it offers domain registration and cloud infrastructure-services to consumers and small & medium sized companies.
– We are excited to welcome the WebSupport team into the Loopia Group as we continue our growth journey. Over the past three years the team has shown how extraordinary focus on making customers happy and building a great entrepreneurial culture can result in high growth and solid financial results, says Sara Laurell, CEO of Loopia Group.
WebSupport and Loopia Group are a good match, sharing the ambition to deliver high-quality products, technological innovations and outstanding local customer support. In addition, the customer-base in Slovakia and Hungary complements the groups Active24 business based in Prague.
After the acquisiton, Loopia Group has a solid platform for future growth, organically and through further acquisitions, across Central Europe.
– For WebSupport, this is an acceleration of our ambition to reach more customers with our quality products and outstanding support, says Jan Cifra, CEO of WebSupport.
About Loopia Group
Loopia Group is an innovative European web services and hosting business with operations in Sweden, through market leading Loopia, and in the Czech Republic, with Active24. Loopia Group also provides services to customers in Germany, Great Britain, the Netherlands, Norway, Serbia, Slovakia and Spain. Loopia also recently acquired SE Direkt, Internetstiftelsen’s Swedish registrar-business.
Since June 2018, Loopia Group is owned by Axcel, a Nordic private equity company focusing on mid-market companies.
For more information, please contact:
Sara Laurell, CEO Loopia Group, +46 72 708 4848, www.loopiagroup.com
Jan Cifra, CEO WebSupport, +421 903 184 310, www.websupport.sk
Today, Questel announces a majority investment in Concur IP, an India and US based IP services company well known for its patent drafting and standard essential patents related capabilities. This investment adds an essential piece to Questel’s existing suite of IP services. Questel can now support its clients throughout the entire IP lifecycle offering patentability search, patent drafting, translations, and international filing, as well as post grant support during licensing negotiations and litigations. Nitin Agrawal and Sachin Sinha will continue to operate as Concur IP’s Co-CEOs post this merger.
“Concur IP’s drafting service will dovetail nicely with Questel’s prior art search service,” said Charles Besson, Questel’s CEO. “Our full suite of services, including International Filing and Translation, meets a growing desire for more efficiency and clarity in connection with Intellectual Property costs, which we can now substantially guarantee to our customers”.
After noting Concur IP’s diverse experience, Nitin Agrawal, said “We believe corporate IP departments are committed to finding cost effective ways to delegate routine tasks, so they can focus their time on higher level activities. Our team of highly skilled and experienced IP professionals, having drafted more than 3,000 patent applications cumulatively, is well positioned to fulfil the demand of high quality patent applications at reasonable cost.”
Another key benefit Concur IP brings to Questel is their “Standard Essential Patent (SEP)” expertise, which is already being utilized by large telecom companies and law firms during licensing negotiations, litigations, and patent acquisitions. “Our SEP services enable companies to determine fair and reasonable licensing terms for standardized technologies. Our methodology is now well established in the market and has been adopted by the court, companies, and economists to calculate royalty rates. With Questel and their sophisticated platforms, we look forward to bringing more transparency in the process of technology standardization and the associated IP practices” said Sachin Sinha.
Questel is one of the world’s leading intellectual property management companies, delivering complete software and service solutions for each stage of the innovation lifecycle. And, for both software and services, Questel leverages a comprehensive and unique collection of intellectual property and scientific databases. With recent acquisitions of ITIP and Multiling, Questel now delivers the world’s largest and highest quality services for foreign filing of patent applications and translations. These services, when added to Questel’s e-learning and general IP consulting, make Questel the final destination to fulfill the most critical IP and Innovation needs. www.questel.com
Concur IP was formed with the specific purpose of providing high-end IP consulting services in a cost-effective manner. Concur IP’s solutions cater to various IP needs of corporates, law firms, universities, research organizations, consulting firms, and licensing support firms. Core services offerings include patent application drafting, office action responses, patent licensing & litigation support services, patent research and analytics. www.concurip.com
Haven Cyber Technologies acquires Onevinn, the leading Swedish provider of Microsoft cloud services and solutions
Simultaneously Haven unveils its new board including Sir Mick Davis, Mike Garland, William Kilmer, Christoph von Falck, Olivier Weddrien, Mark Testoni, and Andre Pienaar, with Paddy McGuinness and General Sir Graeme Lamb as Senior Advisors
Acquisition of Onevinn, a Microsoft Elite Partner, underpins Haven’s intention to become the leading European Managed Security Solutions Provider (“MSSP”) and follows the Company’s acquisition of ITC Secure
London, 7th February 2019: Haven Cyber Technologies (“Haven”) today announces its acquisition of Onevinn, the leading Swedish provider of Microsoft cloud security services and solutions. The acquisition reflects Haven’s continued focus on strengthening its solutions, products and consulting competencies and becoming the leading European Managed Security Service Provider (MSSP). Onevinn offers security solutions for the cloud and the mobile connected world.
The specialist venture capital firm C5 Capital leads Haven based out of Luxemburg. Haven is one of the fastest growing Managed Security Service Providers (MSSP) in Europe. The acquisition of Onevinn and in particular its work with Cloud Security Services in Microsoft Azure will amplify the product and service offers of the combined Haven group.
The common goal of Haven´s operating companies – ITC Secure and Onevinn – is to provide enterprises with outstanding cybersecurity services and products. Haven will develop a common product and services offering across its operating companies.
In addition to Onevinn, Haven acquired G3 Cyber Consulting in London and SBD Advisors in Washington D.C. in 2018 as bolt on acquisitions to ITC Secure. Both contributed to the exceptional growth of ITC Secure in 2018. ITC achieved over 50% top line growth in 2018.
Haven´s exceptional network of cyber security experts combined with outstanding business leaders and company builders is positioning the Company for further acquisitions in Europe in 2019.
The Board of Haven includes:
C5’s Senior Advisers Paddy McGuinness, the former UK Deputy National Security Adviser for Intelligence, Security and Resilience, and General Sir Graeme Lamb, the former Director of UK Special Forces, bring unrivalled experience to the Haven Board.
Andre Pienaar, Founder of C5 and Haven said, “It is more important than ever to be able to provide companies and organisations with an integrated platform that can help them cover all their cyber security needs. Haven is led by a Board that has great experience in cybersecurity and in sustainable growth by acquisition. The acquisition of Onevinn expands Haven into Scandinavia and further strengthens our partnership with Microsoft as a leading cloud platform.”
Olivier Weddrien, Executive Chairman of Haven said, “With the transition to cloud services accelerating and maturing across Europe, the acquisition of Onevinn will enable Haven to be a leader in this space, providing world class solutions to our customers and supporting the geographic reach of the group.”
Christoph von Falck, Group CEO of Haven said, “In recent years it has become clear that companies can no longer ‘get by’ when it comes to cybersecurity. Today, staying safe online is a Board-level issue, and one that requires significant investment. Most organisations don’t have the in-house expertise to tackle this growing issue and must look to outside providers. This presents a clear opportunity for Haven, an integrated industrial holding, which provides a wide range of services and applications to keep companies safe and resilient to the rapidly evolving cybersecurity threats faced by every company. We are very pleased to have acquired Onevinn and ensure that Haven is a cutting-edge cyber security tool for companies across Europe and the world. We very much look forward to working with them.”
Claes Kruse, Founder and CEO of Onevinn said, “We’re all very excited and looking forward to this new journey together with C5 and Haven. The culture within C5 and Haven and their impressive portfolio is a perfect match for us.”
END
About Haven Cyber Technologies
Haven Cyber Technologies is a pan-European industrial holding which is focused on creating a European champion in Managed Security Solution Providers (MSSP) for enterprise customers. Haven brings together a network of organisations onto its platform, enabling it to offer a bespoke product suite to each client. Companies within Haven maintain their own brands and management and benefit from innovation across the platform, which focuses on cloud computing, machine learning and automation and also provides companies with world-class talent and mentorship.
Haven is headquartered in Luxemburg and was launched in October 2018.
About C5 Capital
C5 Capital Limited (C5) is a specialist venture capital firm, focused on Innovative Technologies in Cyber Security, Artificial Intelligence and Cloud Computing. Headquartered in London, C5 also has offices in Washington, Munich, Luxembourg and Bahrain.
About Onevinn
Onevinn is a Swedish Microsoft cloud services and solutions market leader that enables intelligent security solutions for the cloud and mobile connected world.
About ITC Secure
ITC provides cyber threat advisory and managed security services to help organisations assess, manage and mitigate their risk – and ultimately to protect their key data assets and the reputation of their brand.
We provide independent assessments and clear outcome-based recommendations that assist businesses make the right cyber investment choices.
From our dedicated secure operations centre in London, we deliver a comprehensive range of managed security services that enable us to detect and respond to cyber events 24x7x365.
Michigan-based Global CPM Solution Provider is Accelerating Its Position as the One-Stop Solution for the Office of the CFO
ROCHESTER, Mich.–(BUSINESS WIRE)–Feb. 7, 2019– OneStream Software LLC (“OneStream”), a leading provider of cloud or on-premise Corporate Performance Management (CPM) solutions for mid-sized to large enterprises, announced today that it has entered into an agreement to receive a significant investment from KKR, funded through a combination of KKR’s private equity and growth equity funds. The capital infusion is OneStream’s first from an external investor, after achieving nearly 500% growth over the last three years while maintaining strong profitability. The investment brings the company’s valuation to over $1.0 billion.
This press release features multimedia. View the full release here:https://www.businesswire.com/news/home/20190207005186/en/
“Since founding this company in 2010, after having been a part of the CPM market for 20-plus years, we set out to create a platform to break down the siloes across different functions within the office of the CFO to not only modernize it, but to revolutionize organizations,” said OneStream CEO Tom Shea. “We have done this in a customer-centric way, in which every customer is a reference and has a platform to accelerate their digital finance transformation at their own pace. We are pleased to have an experienced investor like KKR back our platform and our vision for continued growth.”
OneStream’s platform is uniquely designed to address the complex requirements of corporate finance, local finance and diverse operational business units in a single application. Companies depend on OneStream to streamline multiple financial processes, including financial and operational planning, close and consolidation, compliance and regulatory reporting, and financial and business analytics. The software is architected to support large-scale cloud deployments and can easily extend to address new functional requirements and digital transformation without disruption.
OneStream’s business is expanding rapidly across new geographies, industries, and government agencies that are looking to modernize their finance functions and systems. The capital infusion will be used to accelerate investments in sales, marketing, product development and customer success to capitalize on OneStream’s strong momentum and increasing demand in new and existing markets, following record growth in 2018. Companies such as UPS®, Sagent Pharmaceuticals, Post Holdings, Inc., Fruit of the Loom, The Carlyle Group, Melrose PLC and many others depend on OneStream to streamline their multiple financial processes.
“Based on their more than two decades of experience developing software solutions for the office of the CFO, the OneStream team has taken a modern platform approach to addressing the complex financial structures facing large organizations today. As a result, OneStream’s platform is rapidly gaining mindshare as the high-quality and high-value alternative to maintaining cumbersome legacy applications,” said Dave Welsh, Member and Head of TMT Growth Equity at KKR. “We look forward to supporting the company with our proven capabilities to help our portfolio companies drive international expansion, scale operations, and enable access to a broader range of customers across industries and government.”
Upon closing of the transaction, General (Ret.) David H. Petraeus, Member, KKR, and Chairman of the KKR Global Institute; Dave Welsh, Member, KKR, and Head of TMT Growth Equity at KKR; and Jim Miele, Principal, KKR, will join OneStream’s board of directors.
Wells Fargo Securities served as exclusive financial adviser to OneStream on the transaction.
About OneStream Software
OneStream Software provides a modern Corporate Performance Management solution that unifies and simplifies financial consolidation, planning, reporting, analytics and financial data quality for sophisticated organizations. Deployed in the cloud or on-premise, OneStream XF is one of the first and only solutions that delivers corporate standards and controls, with the flexibility for business units to report and plan at additional levels of detail without impacting corporate standards – all through a single application.
The OneStream XF MarketPlace features downloadable solutions that allow customers to easily extend the value of their CPM platform to quickly meet the changing needs of finance and operations. OneStream was named to the 2018 Deloitte Fast 500 ranking in North America.
About KKR
KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate and credit, with strategic partners that manage hedge funds. KKR aims to generate attractive investment returns for its fund investors by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation with KKR portfolio companies. KKR invests its own capital alongside the capital it manages for fund investors and provides financing solutions and investment opportunities through its capital markets business. References to KKR’s investments may include the activities of its sponsored funds. For additional information about KKR & Co. Inc. (NYSE:KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190207005186/en/
Source: KKR
For OneStream Software:
Chris McManus
(917) 324 0808
chrism@narratemarketing.com
For KKR:
Kristi Huller or Cara Major
(212) 750 8300
media@kkr.com