London fintech Marketinvoice lands £56m in funding from Barclays and Santander

Northzone

London-based fintech business lender Marketinvoice has today closed a £56m round made up of equity and debt funding, led by Barclays and Santander‘s venture arm Innoventures.

The series B-stage equity funding, which amounted to £26m, also received significant participation from European venture capital firm Northzone, which has previously backed the likes of Spotify, Trustpilot and fellow fintech lender Zopa.

The remaining amount raised is a debt facility of up to £30m, provided by Israeli fund Viola Credit. Marketinvoice said this funding will be used to scale its business lending solution, which works alongside its core invoice financing operation.

Established in 2011, the series B round takes Marketinvoice’s total equity funding to date to more than £45m.

The news comes after Barclays took up a minority stake in the fintech firm in August last year, as part of a partnership deal that gave Barclays’ small business customers access to lending through Marketinvoice’s platform.

Categories: News

Tags:

Funds advised by Apax Partners invest USD 200 million in Fractal Analytics

Apax

Investment will accelerate Fractal’s path to a $1 billion-revenue company in the AI space

New York, London & Mumbai, January 16, 2019: Funds advised by Apax Partners (the “Apax Funds”) have today announced a definitive agreement to invest USD 200m for a significant minority stake in Fractal Analytics, a global provider of AI to Fortune 500 clients. The transaction, which consists of a secondary stake acquired from existing shareholders and a primary investment into the business, is expected to close by February 2019.

Founded in 2000 with the vision of powering every human decision in the enterprise, Fractal Analytics is a strategic analytics & AI partner to the most admired Fortune 500 companies globally. The company will use the investment by the Apax Funds to accelerate growth, both organically and through M&A, and to invest further in AI products and research.

Srikanth Velamakanni, Co-founder, Group Chief Executive and Executive Vice-Chairman of Fractal Analytics, said: “We are making progress on our goal to build a $1 billion-revenue company in the AI space thanks to our relentless focus on serving Fortune 500 companies globally in enabling an AI-led digital transformation in their businesses. We have been fortunate to have the backing of supportive investors in Khazanah Nasional, TA Associates and Mr. Gulu Mirchandani in this journey. We are excited about our new partnership with Apax Partners, who have an enviable track record of building scaled new-age tech services companies.”

Pranay Agrawal, Co-founder and CEO of Fractal Analytics, said: “The demand for AI is surging across the enterprise. Our AI solutions and globally-recognized team of experts empower these organizations to realize and maximize their full potential. The investment from the Apax Funds will accelerate our ability to scale and meet this rising demand globally. It also establishes Fractal Analytics as one of the world’s most well-funded AI providers.”

Rohan Haldea, Partner at Apax Partners, said: “The data and analytics sector is attractive and growing rapidly as companies increasingly see it as a core strategic function of their business. We are delighted to partner with Fractal Analytics who are extremely well-regarded in this space due to their cutting-edge advanced analytics and AI capabilities which help their blue-chip client base solve complex problems. Srikanth and Pranay have done an excellent job building a differentiated company with a clear vision. We look forward to working with them to scale the business further.”

Shashank Singh, Partner at Apax Partners, said: “We are keen to partner with successful companies, like Fractal Analytics, that have become global leaders. Fractal’s strong culture, which fosters employee engagement and innovation, has played a significant role in driving its success. Notably, its ability to attract high-quality data science and engineering talent has allowed the company to stay at the forefront of the rapidly-evolving analytics space.”

Chinta Bhagat, Head of Khazanah in India and chairman of Fractal, said “Khazanah is proud to have been Fractal’s largest shareholder during a period in which it scaled up rapidly into a leading global analytics player. In addition to providing growth capital, Khazanah worked closely with Fractal on streamlining the board, supporting product innovations, and bringing Fractal’s capabilities to Khazanah’s portfolio companies. We wish everyone at Fractal the very best as it embarks on its next stage of growth, and look forward to being supportive partners over the coming years”.

The Apax Funds investment in Fractal Analytics will be its 12th in the Tech Services space globally. Apax has significant experience in partnering with and growing technology services business, such as ThoughtWorks, GlobalLogic, Zensar and EVRY, and will leverage this expertise to help Fractal scale further.

About Fractal Analytics

Founded in 2000, Fractal Analytics is a strategic analytics partner to the most admired Fortune 500 companies globally and helps them power every human decision in the enterprise by bringing analytics & AI to the decision-making process.

Fractal has built several cutting-edge AI product startups within its ecosystem across industries, including:

 – Qure.ai to transform how radiologists make diagnostics’ decisions. Qure’s qXR solution is the first AI-based Chest X-Ray interpretation tool to receive CE certification. Qure’s recently-launched qER solution for interpreting head CT scans has been proven to have more than 95% accuracy in identifying abnormalities.

 – Cuddle.ai to transform how executives make tactical and operational decisions. Cuddle automatically alerts users on what they need to know about their business and allows them to ask questions about their business in natural language.

 – Trial Run to improve strategic and operational decisions. Trial Run is a cloud-based experimentation platform that enables companies across verticals to test, measure and refine strategies before rollout.

Fractal has more than 1,200 consultants spread across 15 global locations including the United States, UK and India. Fractal has been featured as a leader in the Customer Analytics Service Providers Wave™ 2017 by Forrester Research, a Great Place to Work by The Economic Times in partnership with the Great Place to Work® Institute and recognized as a ‘Cool Vendor’ and a ‘Vendor to Watch’ by Gartner. For more information: www.fractalanalytics.com

About Apax Partners

Apax Partners is a leading global private equity advisory firm. Over its more than 35-year history, Apax Partners has raised and advised funds with aggregate commitments of over $50 billion. The Apax Funds invest in companies across four global sectors of Tech & Telco, Services, Healthcare and Consumer. These funds provide long-term equity financing to build and strengthen world-class companies. For more information see: www.apax.com.

Media Contacts

For Fractal Analytics:

Global Media: Sharmila Shah | sharmila.shah@fractalanalytics.com

USA Media: Chris Harihar | chris@crenshawcomm.com

For Apax Partners:

Global Media: Andrew Kenny, Apax | +44 20 7 872 6371 | andrew.kenny@apax.com

USA Media: Todd Fogarty, Kekst | +1 212-521 4854 | todd.fogarty@kekst.com

UK Media: James Madsen / Matthew Goodman, Greenbrook | +44 20 7952 2000 | apax@greenbrookpr.com

 

Notes to Editors

London-headquartered Apax Partners (www.apax.com), and Paris-headquartered Apax Partners (www.apax.fr) had a shared history but are separate, independent private equity firms.

Categories: News

Tags:

Vistara Capital Partners is proud to announce our investment in CoolIT Systems.

Vistara

Vistara Capital Partners is proud to announce our investment in CoolIT Systems, the leader in modular liquid cooling technology targeted at data centers. This investment, made by the Vistara Technology Growth Fund III LP, is expected to bolster CoolIT’s anticipated growth as the demand for liquid cooling technology continues to rise.

CALGARY, AL – CoolIT Systems, the world leader in modular, scalable data center liquid cooling technology, has partnered with Vistara Capital Partners as the company expands production capacity to service new and existing global data center customers.

Vistara’s investment was made by the recently announced Vistara Technology Growth Fund III LP, a USD$100 million fund focused on providing flexible and tailored debt financing for technology companies across North America.

“With our order backlog expanding by 400% in the last year, access to additional capital is critical for continued success,” said CoolIT Systems CFO, Peter Calverley. “With the creative financing package provided by Vistara the financial foundation is in place for 2019 to be another year of significant growth in data center liquid cooling sales for CoolIT.”

“CoolIT Systems is at an exciting inflection point, managing a significant expansion of their business as liquid cooling is experiencing accelerated adoption by data center OEMs and operators,” said Vistara Partner, Noah Shipman. “Investment structures that efficiently facilitate growth over time is a hallmark of Vistara. We are thrilled to invest in and support another emerging Canadian technology leader.”

About Vistara Capital Partners

Headquartered in Vancouver BC, Vistara Capital Partners provides highly flexible and tailored technology growth capital for tech companies across North America. Founded, managed, and funded by seasoned technology finance and operating executives, “Vistara” (Sanskrit for “expansion”) is focused on enabling the growth and expansion of its portfolio companies. Additional information is available at www.vistaracapital.com.

About CoolIT Systems

CoolIT Systems specializes in scalable liquid cooling solutions for individual servers through to the world’s most demanding data centers and HPC systems. Through its modular, rack-based Direct Liquid Cooling technology, Rack DCLC™, CoolIT enables dramatic increases in rack densities, component performance and power efficiencies. From Passive Coldplate Loops specifically designed for the latest high TDP processors from Intel, NVIDIA and AMD, to Rack Manifolds and Coolant Distribution Units (CDUs), CoolIT’s reliable technology installs into any server or rack, ensuring ease of adoption and maintenance. For more information about CoolIT Systems and its technology, email or visit https://www.coolitsystems.com/.

Categories: News

Tags:

Infor Announces $1.5 Billion Investment Ahead of Potential IPO

Golden Gate Capital

NEW YORK — January 16, 2019 — Infor, a global leader in business cloud software specialized by industry, today announced an agreement to receive a $1.5 billion investment from shareholders Koch Equity Development, LLC (KED) and Golden Gate Capital.

This investment builds on KED’s investment of more than $2 billion in early 2017, and it represents an important milestone as Infor considers a potential IPO in 2019 or 2020, subject to market conditions.

“Koch and Golden Gate Capital have been phenomenal partners for Infor, and all of our 17,300 employees are excited about this milestone as we prepare for the next stage of growth,” said Charles Phillips, CEO of Infor.

Under Phillips’ leadership, and over the course of Infor’s partnership with KED and Golden Gate Capital, Infor has invested approximately $2.5 billion in product design and development over the last five years and delivered more than 475 new products, 1,870 integrations, and 20,700 industry features in its CloudSuite product line. Infor CloudSuite is now the only fully multi-tenant ERP suite spanning front and back office applications, as well as logistics with global support (in terms of languages, currencies, and localizations).

“Koch was a customer of Infor before we became an investor in the Company, and Koch Industries’ companies continue to move their most mission critical applications to Infor CloudSuites,” said Jim Hannan, Koch Executive Vice President and CEO of Enterprises for Koch Industries, Inc. “Infor’s innovative products have helped lead our digital transformation as we continue to deploy them globally for 120,000 employees.”

With over $3 billion of revenue in fiscal year 2018, Infor became the first company to move mission critical ERP application suites to public clouds for entire industries. Infor’s CloudSuites are the foundation for digital transformation for more than 9,500 customers in 110 countries. Infor applications span financials, manufacturing, supply chain, human resources, and customer relationships.

Over the last five years, Infor has consistently gained market share in cloud applications, and 70% of its software license revenue is now derived from cloud applications.

Fundamental to Infor’s strategy is its ability to engineer each CloudSuite for a specific industry. Infor eliminates the need for expensive customizations and runaway consulting engagements. Customers routinely lower costs by 25% or more by retiring mods, eliminating big bang upgrades, and reducing infrastructure costs after moving to CloudSuite.

Infor has expanded its presence in key industries such as healthcare, manufacturing, retail, the public sector, and hospitality. Over 72% of all hospitals in the U.S. run Infor applications, as well as 19 of the top 20 automotive suppliers and 8 of the top 10 fashion brands.

“Companies see the value in shifting their enterprise applications to the cloud but can’t make that transition until critical industry features are replicated there. Infor built these previously bespoke features as standard cloud services and now has access to valuable data across business functions to build predictive analytics and insightful correlations on our Coleman AI platform,” said Phillips.

Infor CloudSuite is also future proofed for innovation. Infor applications run on public scale clouds and open source infrastructure not tied to a single data store and scale out at lower costs using commodity compute and storage on demand. Vertical integration is a legacy of on-premise computing, and modern applications leverage global, commodity infrastructure.

Leadership Quotes

“Infor has undergone a remarkable evolution over the years. We remain strong supporters of the Company’s strategy and leadership team as they pursue their next phase of growth and continue to enhance the operations of businesses across a range of sizes and industries,” said David Dominik, Managing Director of Golden Gate Capital, which made its first investment in Infor in 2002.

“Koch continues to be impressed with Infor’s hyper-scaled, versatile technology, both as an investor, and as a customer of their software solutions,” said Matt Flamini, KED’s President. “Our confidence in the Infor team comes not only from their financial performance, but from the real world results we’re seeing as we implement Infor solutions throughout Koch Industries.”

“Infor’s emphasis on innovation and commitment to delivering solutions to its customers underpins the success of CloudSuites, which offers an unparalleled combination of industry-specific functionality and scalability. We are extremely excited about the opportunity ahead as the Company continues to deliver transformative new products and features,” said Rishi Chandna, Managing Director of Golden Gate Capital.

“Infor has used its partnership with Koch as an opportunity to co-innovate across the wide range of industries in which we operate,” said Brett Watson, Senior Managing Director of KED. “This investment is the result of a shared vision to continue creating innovative solutions that help companies operate more efficiently and effectively.”

About Infor

Infor is a global leader in business cloud software specialized by industry. With 17,300 employees and over 68,000 customers in more than 170 countries, Infor software is designed for progress. To learn more, please visit www.infor.com.

Infor customers include:

• 19 of the top 20 aerospace companies
• 9 of the top 10 high tech companies
• 18 of the 25 largest U.S. healthcare delivery networks
• 18 of the 20 largest U.S. cities
• 19 of the top 20 automotive suppliers
• 17 of the top 20 industrial distributors
• 15 of the top 20 global retailers
• 4 of the top 5 brewers
• 17 of the top 20 global banks
• 9 of the 10 largest global hotel brands
• 8 of the top 10 global luxury brands

About Koch Equity Development, LLC (KED)

With offices in Wichita and London, KED focuses its efforts on strategic acquisitions and industry agnostic principal investments. Significant principal investments completed include Getty Images, Global Medical Response, Meredith/Time Inc., Solera Holdings Inc., The ADT Corporation, and Transaction Network Services. Since 2012, KED has invested more than $10 billion of equity in principal investments.

Since 2003, Koch companies have invested nearly $100 billion in acquisitions and other capital expenditures. With a presence in 50 countries, Koch companies employ nearly 120,000 people worldwide, with about 65,000 of those in the United States. From January 2009 to present, Koch companies have earned more than 1,300 awards for safety, environmental excellence, community stewardship, innovation, and customer service.

About Golden Gate Capital

Golden Gate Capital is a San Francisco-based private equity investment firm with over $15 billion of capital under management. The principals of Golden Gate Capital have a long and successful history of investing across a wide range of industries and transaction types, including going-privates, corporate divestitures, and recapitalizations, as well as debt and public equity investments. Other notable software investments sponsored by Golden Gate Capital include BMC Software, Vector Solutions, Neustar, Inc., LiveVox, and 2020 Technologies. For more information, visit www.goldengatecap.com.

Contact Information

Sharon Sulc
Infor
614.537.6634
sharon.sulc@infor.com

Rob Carlton
KED | Koch Communications and Marketing
316.828.4070
Rob.Carlton@kochcm.com

Jenny Gore | Alyssa Lorenzo
Golden Gate Capital | Sard Verbinnen & Co.
312.895.4700 | 310.201.2040
JGore@sardverb.com | ALorenzo@sardverb.com

Categories: News

Tags:

TA Associates Announces Investment in LIST S.p.A.

TA associates

BOSTON and PISA, Italy – TA Associates, a leading global growth private equity firm, today announced that it has completed an investment in LIST S.p.A. (“LIST”), a developer of software solutions for the financial industry. Financial terms of the transaction were not disclosed.

LIST is a provider of mission-critical trading and compliance software solutions and infrastructural services to a wide range of financial institutions. The company’s trading and brokerage platform offering, FastTrade, supports operations in a multi-asset and multi-market environment with modules for pricing, quoting, hedging, position keeping, algorithmic trading and execution management in high and low-touch business environments. LIST’s capital markets, governance, risk and compliance solutions are used by more than 130 customers ranging from investment banks and asset managers in Italy to large global financial corporations. The company is headquartered in Pisa, Italy, and has additional offices throughout Italy and around the world, including the United States, the United Kingdom, Spain, Poland, Canada, India and Malaysia.

“As one of Europe’s leading capital markets technology providers, LIST has a strong and long-term track record of delivering exceptional software and services across a wide range of trading and compliance needs,” said J. Morgan Seigler, a Managing Director at TA Associates who will join the LIST S.p.A. Board of Directors. “Importantly, we are investing alongside what we believe to be a seasoned, passionate and talented management team that will continue to actively build the company. We are honored to be a part of the LIST family and are excited to begin working closely with management to help LIST capitalize on its strategy and international growth initiatives.”

“Over the course of our 33-year history, we have strived to provide our customers with high quality products and services to help them meet their unique trading and compliance needs,” said Enrico Dameri, Co-Founder, Chairman and Chief Executive Officer of LIST S.p.A. “We believe our partnership with TA Associates will help us expand our offerings and territories, while continuing to deliver the services our customers have come to expect. Perhaps what we are most excited about is that TA is fully-aligned with and supportive of our strategy, and has committed to working collaboratively with our team to accelerate our forward momentum. We welcome TA as an investor and look forward to benefitting from this partnership.”

“Software services for financial-focused companies around the world are increasingly playing a more critical role in a variety of daily operations,” said Naveen Wadhera, a Managing Director at TA Associates who will join the LIST S.p.A. Board of Directors. “As institutions around the world continue to shift towards electronic trading practices, we believe LIST is well positioned to take advantage of further growth opportunities in international and emerging markets. We are pleased to have the opportunity to partner with LIST’s management team and founders as we seek to create significant additional value in the company.”

In addition to Morgan Seigler and Naveen Wadhera, Stefan Dandl, a Vice President at TA Associates, will also join the LIST S.p.A. Board of Directors.

Latham & Watkins LLP provided legal counsel and KPMG served as financial advisor to TA Associates. Nctm Studio Legale provided legal counsel and Studio MCCR served as financial advisor to LIST S.p.A.

About LIST S.p.A.
LIST S.p.A. has been a leader for more than 30 years in designing and developing innovative software solutions for the financial world. The company has conceived, designed, developed and produced software and cutting-edge systems for capital markets, helping to create the first electronic Monetary and Financial markets. The company has developed platforms and solutions for trading on financial markets, which have been milestones in the evolution of Trading Systems. LIST has also created integrated solutions for managing risk, audit and governance of organizations and financial processes (governance, risk and compliance). The company was founded in 1985 and is headquartered in Pisa, Italy. More information can be found at www.list-group.com.

About TA Associates
TA Associates is one of the largest and most experienced global growth private equity firms. Focused on five target industries – technology, healthcare, financial services, consumer and business services – TA invests in profitable, growing companies with opportunities for sustained growth, and has invested in more than 500 companies around the world. Investing as either a majority or minority investor, TA employs a long-term approach, utilizing its strategic resources to help management teams build lasting value in growth companies. TA has raised $24 billion in capital since its founding in 1968 and is committing to new investments at the pace of $2 billion per year. The firm’s more than 85 investment professionals are based in Boston, Menlo Park, London, Mumbai and Hong Kong. More information about TA Associates can be found at www.ta.com.

Categories: News

Tags:

Drillinginfo Acquires MineralSoft to Expand Focus on Managing Mineral and Non-operated Interests

Targets $1 trillion asset class with differentiated technology solution


Austin, Texas (January 15, 2019) – Drillinginfo, the leading energy SaaS and data analytics company, announced today it has acquired MineralSoft, a software platform designed to make managing mineral, royalty, and non-operated working interests easier and more profitable.

Collaboration between Drillinginfo and MineralSoft began in 2017 when the two companies announced a strategic alliance focused on understanding the value of mineral and non-operated assets by providing portfolio insights and analytics in real time. MineralSoft leverages Drillinginfo data and is best known for its comprehensive, user-friendly platform designed to combine critical data sets for managing mineral and non-operated portfolios, including revenue and expense data; production and regulatory data; and a full land and document management system.

Drillinginfo analysts believe oil and gas mineral interests in the U.S. generate more than $50 billion per year in income for nearly 12 million owners. Unfortunately, tools to access, monitor, and effectively manage these interests are severely limited, with owners often suffering from limited information to value their assets. Mineral interests are one of the most valuable, yet least liquid, asset classes in energy today.

“When it comes to minerals, there are thousands of operators, varying lease terms and fee structures, countless payments being made and audits to perform. Managing mineral interests in thousands of wells is far too complex to be handled on a spreadsheet or using an accounting system alone,” said Jeff Hughes, CEO and President of Drillinginfo. “Mineral interest owners want to know if they are being paid correctly, how commodity price changes will affect them, and how their interests stack up compared to their neighbors or competitors,” said Hughes.

“Traditionally, E&P-centric software tools had been repurposed toward mineral and non-operated asset management to address activity tracking, audit, and portfolio intelligence. The resulting solutions simply were not a good fit, and MineralSoft seized the opportunity to build a category-defining company focused solely on this asset class. What previously was a cottage industry of mineral buyers has turned into an important $1 trillion asset class with more players, greater sophistication, and much more capital. We’re seeing significant private equity allocations to minerals and non-operated assets, a growing number of large aggregators and public companies in this area, as well as an increasing awareness among the E&P community that a dedicated non-operated strategy can be an important way to drive incremental value from their asset base,” said Hughes.

Gabe Wilcox, CEO and Co-Founder at MineralSoft added, “The most exciting part of this acquisition is on the technology and data exchange side. We know our systems work seamlessly together because we’ve been collaborating for nearly two years. Every monthly revenue statement or joint interest billing that our customers receive, which might consist of hundreds of pages and thousands of line items, is full of potentially valuable data and actionable insights about the portfolio, but it’s hard to unlock that value when the data is sitting in a static spreadsheet, filing cabinet, or – almost as bad – in an oil and gas accounting system that was never designed to be a portfolio management and analytics tool.”

By digging deeper into asset inventory, land documents, and monthly revenue and expense data in the context of regulatory and other asset information, Drillinginfo answers questions that are important for mineral and non-operated owners and for reporting to shareholders impacted by strategic decisions, such as forecasting asset values, identifying inaccurate or missing payments, and providing insights into portfolio performance.

MineralSoft will be hosting a webinar on January 23, 2019 to showcase how its software can be used to assist mineral owners and others interested in non-operated oil and gas working interests.

Currently, MineralSoft works with more than 120 institutional clients, and handles more than $100M of royalty and non-operated revenue monthly across 225,000 client-owned wells. In 2018 alone, MineralSoft clients logged more than $1.3B of mineral acquisitions on the platform.

Drillinginfo recently acquired Oildex, the largest oil & gas financial automation software firm in North America, and announced intent to acquire Cortex, a Network-as-a-Service company that enables automation of accounts payable and receivable (AP and AR) processes for the oil and gas industry.

About Drillinginfo

Drillinginfo delivers business-critical insights to the energy, power, and commodities markets. Its state-of-the-art SaaS platform offers sophisticated technology, powerful analytics, and industry-leading data. Drillinginfo’s solutions deliver value across upstream, midstream and downstream markets, empowering exploration and production (E&P), oilfield services, midstream, utilities, trading and risk, and capital markets companies to be more collaborative, efficient, and competitive. Drillinginfo delivers actionable intelligence over mobile, web, and desktop to analyze and reduce risk, conduct competitive benchmarking, and uncover market insights. Drillinginfo is a portfolio company of Genstar Capital and serves over 5,000 companies globally from its Austin, Texas, headquarters and has more than 1,000 employees. For more information visit drillinginfo.com.

About MineralSoft

MineralSoft, previously backed by Cottonwood Venture Partners, Blue Bear Capital, and Y Combinator, is the leading software platform for managing minerals, royalties, and non-operated working interests. Focused exclusively on helping owners of these non-operated assets maximize value, MineralSoft delivers powerful revenue and land management solutions through its SaaS platform. MineralSoft’s customers include investment funds, foundations and endowments, corporations and institutions, family offices and trusts, and individuals. The platform helps customers manage their mineral portfolios more efficiently, maximize revenue across all their assets, and make informed, data-driven decisions. MineralSoft has 35 employees and is headquartered in Austin, Texas. Learn more at mineralsoft.com.

###

MEDIA INQUIRIES:

Contact: Jon Haubert
303.396.5996

Categories: News

Tags:

Cinven invests in RTB House

Cinven

Investment in global provider of high-growth digital advertising technology

International private equity firm, Cinven, today announces that it has signed an agreement to invest in RTB House (‘the Company’), a leading global provider of state-of-the-art retargeting technology for leading brands, for an undisclosed consideration.

Headquartered in Warsaw, Poland, RTB House is leveraging deep learning algorithms in order to enable its retail clients to deliver highly relevant digital advertising campaigns to potential customers who have displayed a purchase intent. RTB House has a blue-chip customer base of close to 1,500 clients worldwide including Adidas, Trivago, Orange and Walmart. Established in 2012, RTB House has global operations with 20 offices worldwide and employs more than 400 people across EMEA, APAC and the Americas.

RTB House has achieved several awards for its strong growth and innovative technology. In 2018, RTB House won The AIconics Award in Best Application of Artificial Intelligence (‘AI’) for Sales & Marketing; and was named by the Financial Times as the 8th fastest growing company in the technology sector in Europe.

Cinven’s TMT Sector team worked closely with its Emerging Europe Regional team to develop this primary investment opportunity, given the following attractive attributes:

  • Strong structural growth trends in the global digital advertising software market;
  • Innovative application of AI;
  • Blue-chip customer base of leading brands globally;
  • Opportunity to accelerate the Company’s growth organically; and
  • Excellent management team, led by Robert Dyczkowski, Chief Executive, Bartłomiej Romański, Chief Technology Officer, Daniel Surmacz, Chief Operating Officer, and Wojciech Głowacki, VP of Sales, with a proven execution track record and significant sector technology experience in advertising and e-commerce.

Cinven’s strategy for RTB House is to work alongside the industry leading management team to:

  • Further internationalise the business drawing on Cinven’s presence in the US;
  • Continue investing in the Company’s cutting edge technology;
  • Selectively pursue value- accretive buy and build acquisitions; and
  • Further professionalise the business with international best practices.

Chris Good, Partner at Cinven, said:

“RTB House is a very exciting business that has demonstrated significant growth, has a strong blue-chip client base, and impressive market-leading technology. 

“We look forward to working with the highly talented management team to further grow the business internationally, both organically and through acquisitions. There are particularly exciting growth opportunities in North America where Cinven has previously successfully grown technology-related businesses including CPA Global.”

Adam Prindis, Principal at Cinven, added:

“RTB House operates in a highly dynamic and fast-growing segment of the technology sector. As e-commerce continues to grow, retailers are focusing increasingly on ways to improve their marketing mix with retargeting playing a very important role. We are very excited about the investment in RTB House which offers truly differentiated solutions, based on advanced AI.”

Robert Dyczkowski and Bartłomiej Romański, CEO and CTO of RTB House, commented:

“We are delighted to be working with Cinven. The team’s expertise in the TMT sector, as well as Cinven’s clear ability of working with companies to internationalise their businesses, will immensely benefit RTB House. We will continue to invest in our state-of-the art and innovative technology to drive the Company’s business performance.”

Paweł Chodaczek, the Company’s co-founder and lead investor prior to the transaction, added:

“I am proud of the remarkable success that Robert, Bartłomiej and the whole RTB House team have achieved and that I have had the pleasure to support them at the challenging earliest stages. Cinven’s investment is a sign of not only great appreciation for the team’s efforts so far, but also a unique chance to boost the company’s further growth.”

The transaction is subject to customary regulatory and antitrust approvals.

Advisors to Cinven on the transaction included: Clifford Chance, Deloitte, Medialink, Prohaska, RBC Capital Markets and Vienna Capital Partners.

Advisors to the Company and Shareholders on the transaction included: CC Group and Weil.

Unica acquires Dotwood and strengthens ICT positioning

Triton

Hoevelaken/Amsterdam (The Netherlands), 10 January 2019 – Unica, a Triton Fund IV company, announced the acquisition of DotWood, a specialist in Microsoft Dynamics solutions. The acquisition will strengthen Unica’s activities in the field of ICT, an area Unica Schulte ICT, a Unica company, operates in. The purchase price has not been disclosed.

With DotWood’s solutions, Unica expects to be able to respond even better to its customers’ increasing need for simplifying business processes. Microsoft Dynamics offers powerful applications that enable organizations to improve customer relationship management and planning. Because Microsoft Dynamics can be linked to more and more operational systems, integrated optimization and analysis of business processes is possible.

About Unica
Unica provides a wide diversity of technical solutions for your buildings. Using top-of-the-range, innovative technology and an all-round service package, Unica contributes to socially relevant issues in the field of security, comfort & health, ICT, and energy and sustainability. With a network of ten companies, Unica – with 14 sites and over 2,200 employees – is one of the largest providers of technical services in the Netherlands. Unica is amongst the ‘Top 250 Scale-ups in the Netherlands’, an initiative of the Dutch Ministry of Economic Affairs.

For further information: www.unica.nl

About DotWood
Over the years, DotWood has offered consistent, high-quality services to Microsoft Dynamics customers and thereby assures them of important business benefits of the Microsoft Dynamics CRM solutions. Our expertise comes from years of experience and our solutions meet the requirements of real estate companies, manufacturing & distribution companies, Life Science and service companies.

Our experts communicate in an understandable language, without too many technical concepts. In addition, we believe it is important to integrate our software in a way that suits your company culture and way of working.

DotWood is a Microsoft Gold Partner.

Read more at: www.dotwoodcrm.com/

About Triton
Since its establishment in 1997, Triton has sponsored nine funds, focusing on businesses in the industrial, business services, consumer and health sectors.
The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Europe.
Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvements and growth. The 38 companies currently in Triton’s portfolio have combined sales of around €13.1 billion and around 85,000 employees.

Read more at: www.triton-partners.com

 

Press Contacts:

Triton
Marcus Brans
Phone: +49 69 921 02204

Categories: News

Tags:

Burnett Specialists Selects Erecruit’s Enterprise Staffing Software Platform to Drive Business Transformation

STG Partners

Erecruit™, the leading global technology provider and visionary for the staffing industry, today announced Burnett Specialists, Texas’ largest employee-owned staffing & placement agency, has selected Erecruit’s Enterprise Staffing Software Platform to help increase automation and deliver exceptional talent, value and service to customers, consultants and employees as the company continues to scale.

Since 1974, Burnett Specialists has matched thousands of talented and skilled job seekers with top employers across a long list of industries. As the Burnett team has continued to build the company over the years, they have amassed a number of proprietary software applications and have realized those solutions need to be consolidated onto one enterprise-class solution to continue and accelerate their growth.  As technology is evolving and shaping the way recruitment and staffing companies operate, Burnett also made it a point to find a next-generation platform with enterprise-level configurable workflow, alerts and automation within the user interface.

After conducting a thorough ROI analysis on the software options under consideration, Burnett Specialists selected Erecruit’s Enterprise Staffing Software Platform to innovate service delivery while maximizing operational efficiency across the entire staffing lifecycle. Erecruit’s Front Office, Middle Office, eStaff365 Onboarding and TempBuddy modules are designed to automate administrative tasks and integrate with numerous third-party vendors that Burnett works with every day. Additionally, Erecruit’s strong integration with payroll and accounting systems will allow the Burnett team to use margin and financial information to prioritize the most profitable tasks and make the informed decisions that lead to increased revenue and profits. From a desk perspective, Erecruit will help automate dozens of time-consuming administrative tasks so that more time can be spent with candidates, clients, and on strategic activities rather than on administrative processes.

“We are pleased to partner with Erecruit and leverage their Enterprise Staffing Software Platform,” said Sue Burnett, Founder and President, Burnett Specialists. “As we continue to grow, it is imperative to utilize a comprehensive, all-inclusive solution that addresses the needs of our daily business activities today and in the future. Erecruit will empower us to accelerate our digital transformation and ensure we have the ability to grow Burnett Specialists.”

“With the tight labor market, Erecruit helps to differentiate enterprise staffing firms in the constant need to attract, source and onboard candidates,” said Dominic Gallello, President & CEO, Erecruit. “Working with Burnett, we look forward to continuing to enhance our industry leading Pay & Bill solution.”

About Erecruit

Erecruit offers the most comprehensive and innovative end-to-end staffing software platform designed to empower users to achieve exceptional results. The company serves the entire recruitment lifecycle with Erecruit Front Office, Middle Office, Credentialing and VMS solutions for enterprise staffing firms; Adapt Front and Back Office software for newly formed to mid-sized firms, eStaff365 Onboarding, and TempBuddy temporary workforce management platform. Learn more at www.erecruit.com

About Burnett Specialists

Burnett Specialists is a privately-held, employee-owned, Houston-based recruiting, temporary staffing, and headhunting company with offices in Houston, The Woodlands, Austin, El Paso, San Antonio, and Dallas, where they operate as Choice Specialists. Nationally certified as a woman-owned business, Burnett Specialists is widely respected as a diversity vendor.

Burnett Specialists offers their employers and clients the convenience of utilizing one localized source for all their recruitment needs from temporary staffing employees to direct-hire salaried professionals.  They have dedicated recruiting teams that focus specifically on unique skill specializations including: accounting, administrative / clerical, convention support, engineering, healthcare, HR, IT, legal, light industrial, management / professional, manufacturing, medical admin, mortgage / banking / credit union, sales / marketing, supply chain, customer service / call center, and corporate training.

Categories: News

Tags:

Nordic Capital acquires BOARD International, provider of the #1 decision-making platform

Nordic Capital

JANUARY 09 2019
Nordic Capital acquires BOARD International, provider of the #1 decision-making platform Image

  • BOARD International offers the only unified platform providing Business IntelligenceCorporate Performance Management and Predictive Analytics
  • The platform enables companies worldwide to achieve a single, accurate and complete view of business information and full control of performance across the entire organisation
  • Nordic Capital will support BOARD International’s continued global expansion and development through investments into the organisation and the platform

Nordic Capital Fund IX (“Nordic Capital”) today announced the agreement to acquire a majority share in BOARD International, the global provider of the cloud-based #1 decision-making platform. Together with BOARD’s founders and management, who will remain significant shareholders in the Company, Nordic Capital will support BOARD’s continued international expansion through investment into the organisation and technology platform. The acquisition is the sixth investment by Nordic Capital’s EUR 4.3 bn Fund IX, and builds on its recognised expertise and outstanding track record in the Technology and Payments sector.

Founded in 1994 and headquartered in Chiasso, Switzerland and Boston, the US, BOARD International enables customers worldwide to effectively deploy Business Intelligence, Corporate Performance Management and Predictive Analytics applications on a single platform. The platform allows companies to achieve a single, accurate and complete view of business information and full control of performance data across their entire organisation. Customers include Coca-Cola, Volkswagen, Puma, Toyota and other well-known international companies and brands. The Founders and Management have chosen Nordic Capital as their preferred strategic partner for further international expansion.

BOARD International has 26 offices around the world which, together with a global partner network, serve more than 3,000 customers in over 100 countries. The Company is fast growing and employs over 300 people in Switzerland, Italy, Germany, France, the United Kingdom, Spain, the Netherlands, Belgium, Denmark, the United States, Mexico, Argentina, Dubai, Hong Kong, India, Japan and Australia.

“As we continue to innovate the BOARD platform, helping customers worldwide to make better business decisions, we are delighted to partner with Nordic Capital to aid our growth. Their expert support will be of great value as we further our expansion in geographies across the globe,” says Giovanni Grossi, CEO and co-founder of BOARD International.

“Nordic Capital is excited about BOARD’s global potential and the impressive growth of the company, clearly leading the way into a new era of corporate decision-making. BOARD is a valuable partner to its customers, as it improves their decision-making effectiveness through its unified platform and by providing cutting-edge, cost-effective, easy-to-use and deploy software. Drawing on Nordic Capital’s significant experience in the technology sector, we intend to support BOARD International in its global expansion,” says Fredrik Näslund, Partner at the Advisor to the Nordic Capital Funds.

The parties have agreed not to disclose the financial details. Subject to customary regulatory approvals, the transaction is expected to close in Q1 2019.

Nordic Capital was advised by Goldman Sachs while BOARD International was advised by UBS.

 

Media contacts:

 

Nordic Capital

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

 

BOARD International

Giulia Biondi, Communications Manager
BOARD International
Tel: +41 91 697 54 10
e-mail: gbiondi@board.com

 

About BOARD International:

BOARD is the #1 decision-making platform. Founded in 1994 and headquartered in Chiasso, Switzerland, and Boston, MA, BOARD International has enabled more than 3,000 companies worldwide to effectively deploy Business Intelligence, Corporate Performance Management and Predictive Analytics applications on a single platform. The BOARD platform allows companies to achieve a single, accurate and complete view of business information and full control of performance across the entire organization. Thanks to BOARD, global enterprises such as Coca-Cola, DHL, KPMG, Puma, Siemens, Toyota and ZF Group have deployed end-to-end decision-making applications in a fraction of the time and cost associated with traditional solutions. For further information about BOARD, please visit www.board.com

About Nordic Capital

Nordic Capital is a leading private equity investor in the Nordic region 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 proven track record. Core sectors are Healthcare, Technology & Payments, Financial Services, Industrial Goods & Services and Consumer & Retail, and key regions are the Nordics, Northern Europe, and globally for Healthcare. Since inception in 1989, Nordic Capital has invested EUR 12 billion in over 100 investments. The most recent fund is Nordic Capital Fund IX with EUR 4.3 billion in committed capital, principally provided by international institutional investors such as pension funds. The Nordic Capital Funds and vehicles are based in Jersey and are advised by advisory entities, which are based in Sweden, Denmark, Finland, Norway, Germany and the UK. For further information about Nordic Capital, please visit www.nordiccapital.com

Categories: News

Tags: