Fortino Capital invests 20 million euros in expense management software pioneer MobileXpense

Fortino Capital

Zaventem, 21 december 2017 – Fortino Capital invests the first 20 million euros from its new Digital Growth Fund in fast growing cloud software pioneer MobileXpense. The Brussels-based company is specialised in travel and expense management and already completed more than 1.300 implementations worldwide.

As a majority shareholder, Fortino Capital will assist the MobileXpense management to further expand internationally and grow in the medium to large corporate segment by boosting sales and marketing efforts and by enriching the product portfolio.

MobileXpense was founded in 2000 by Xavier Deleval and Patrick Billiet who had previously worked together at Shell. They have a strong international customer base in various sectors, including many global deployments for Fortune 500 companies and world industry leaders (such as 2 of the world leading beverage companies, Engie, UCB, Porsche), as well a strong presence in the Dutch public sector.

Xavier Deleval, CEO MobileXpense: “We have developed a strong foundation in global expense management software solutions, following years of hard work out of the spotlights. Fortino Capital will guide us in our next steps to strengthen our commercial organisation and accelerate our product development.”

MobileXpense’s software distinguishes itself through its cost effectiveness, flexibility and ease of implementation. Its management tools integrate with all major ERP systems, travel booking tools, credit card issuers and meets the requirements of the most sophisticated multinationals. 

Matthias Vandepitte, Partner at Fortino: “This first investment exactly hits the of our new 200 million euros Digital Growth Fund. MobileXpense helps companies manage their travel and expense costs in a fully automated way, allowing them to gain efficiency and reduce expense spending through digitization. We look forward to grow this company to the next level.”

With its first fund, Fortino Capital has a track record in scaling up B2B software-as-a-service companies. Since the launch of the investment fund in 2013, Fortino has brought investment, expertise and their extensive network to the table to guide companies such as Teamleader in becoming successful and flourishing enterprises. With this second fund, the investment company now continues to target growth through digitization in Benelux companies.

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OpenSolution teams up with Finnpos

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OpenSolution, a leading Nordic payment solution provider owned by IK Small Cap I Fund, has reached an agreement to acquire Finnpos, an electronic payment solutions company based in Finland. Terms of the transaction were not disclosed.

OpenSolution offers a full service product and software portfolio to its client base, including restaurants, casinos and arenas. The company covers the entire value chain of payment solutions, making it a single point of contact for over 8,000 customers throughout Scandinavia. The acquisition of Finnpos extends OpenSolution’s geographic reach and bolsters the company’s position as a key player in the Nordic region.

Finnpos is a leading payments solution provider for restaurants and petrol stations in Finland, generating sales of approximately €10m. The company has major and local oil companies chains as well as both larger and smaller restaurants as customers. It has 64 employees and is headquartered in Tampere, Finland and with a sales office in Helsinki.

Combined sales of the group will be above MEUR 30 (2017).

Christian Johansson, CEO and founder of OpenSolution, said: “Through the acquisition of Finnpos, OpenSolution will become a true Nordic player and market leader within our chosen verticals. Their product portfolio will undoubtedly add to the company’s capabilities, and we are looking forward to working closely with Markku and the Finnpos team.”

Markku Piippo, CEO of Finnpos, said: “Joining forces with OpenSolution allows us to expand our services to our Nordic customers in Finland and throughout the market. With our combined product portfolios and our joint capabilities in product development, we become a stronger partner to our customers. We are truly excited about this opportunity.”

For further questions:

Christian Johansson
CEO, OpenSolution
+46 703 188530
christian.johansson@opensolution.se

Markku Piippo
Current CEO, Finnpos Systems
+358 40 5068700
markku.piippo@finnpos.fi

About OpenSolution
OpenSolution is a leading Nordic payment solution provider. By controlling the development of unique and innovative payment software OpenSolution is a preferred full service partner to numerous leading actors within the Nordic markets. References include arenas, transportation companies, aviation groups, Guide Michelin restaurants, leading casinos and many more. For more information, visit www.opensolution.se

OpenSolution, a leading Nordic payment solution provider owned by IK Small Cap I Fund, has reached an agreement to acquire Finnpos, an electronic payment solutions company based in Finland. Terms of the transaction were not disclosed.

OpenSolution offers a full service product and software portfolio to its client base, including restaurants, casinos and arenas. The company covers the entire value chain of payment solutions, making it a single point of contact for over 8,000 customers throughout Scandinavia. The acquisition of Finnpos extends OpenSolution’s geographic reach and bolsters the company’s position as a key player in the Nordic region.

Finnpos is a leading payments solution provider for restaurants and petrol stations in Finland, generating sales of approximately €10m. The company has major and local oil companies chains as well as both larger and smaller restaurants as customers. It has 64 employees and is headquartered in Tampere, Finland and with a sales office in Helsinki.

Combined sales of the group will be above MEUR 30 (2017).

Christian Johansson, CEO and founder of OpenSolution, said: “Through the acquisition of Finnpos, OpenSolution will become a true Nordic player and market leader within our chosen verticals. Their product portfolio will undoubtedly add to the company’s capabilities, and we are looking forward to working closely with Markku and the Finnpos team.”

Markku Piippo, CEO of Finnpos, said: “Joining forces with OpenSolution allows us to expand our services to our Nordic customers in Finland and throughout the market. With our combined product portfolios and our joint capabilities in product development, we become a stronger partner to our customers. We are truly excited about this opportunity.”

For further questions:

Christian Johansson
CEO, OpenSolution
+46 703 188530
christian.johansson@opensolution.se

Markku Piippo
Current CEO, Finnpos Systems
+358 40 5068700
markku.piippo@finnpos.fi

About OpenSolution
OpenSolution is a leading Nordic payment solution provider. By controlling the development of unique and innovative payment software OpenSolution is a preferred full service partner to numerous leading actors within the Nordic markets. References include arenas, transportation companies, aviation groups, Guide Michelin restaurants, leading casinos and many more. For more information, visit www.opensolution.se

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OpenSolution teams up with Finnpos

ik-investment-partners

OpenSolution, a leading Nordic payment solution provider owned by IK Small Cap I Fund, has reached an agreement to acquire Finnpos, an electronic payment solutions company based in Finland. Terms of the transaction were not disclosed.

OpenSolution offers a full service product and software portfolio to its client base, including restaurants, casinos and arenas. The company covers the entire value chain of payment solutions, making it a single point of contact for over 8,000 customers throughout Scandinavia. The acquisition of Finnpos extends OpenSolution’s geographic reach and bolsters the company’s position as a key player in the Nordic region.

Finnpos is a leading payments solution provider for restaurants and petrol stations in Finland, generating sales of approximately €10m. The company has major and local oil companies chains as well as both larger and smaller restaurants as customers. It has 64 employees and is headquartered in Tampere, Finland and with a sales office in Helsinki.

Combined sales of the group will be above MEUR 30 (2017).

Christian Johansson, CEO and founder of OpenSolution, said: “Through the acquisition of Finnpos, OpenSolution will become a true Nordic player and market leader within our chosen verticals. Their product portfolio will undoubtedly add to the company’s capabilities, and we are looking forward to working closely with Markku and the Finnpos team.”

Markku Piippo, CEO of Finnpos, said: “Joining forces with OpenSolution allows us to expand our services to our Nordic customers in Finland and throughout the market. With our combined product portfolios and our joint capabilities in product development, we become a stronger partner to our customers. We are truly excited about this opportunity.”

For further questions:

Christian Johansson
CEO, OpenSolution
+46 703 188530
christian.johansson@opensolution.se

Markku Piippo
Current CEO, Finnpos Systems
+358 40 5068700
markku.piippo@finnpos.fi

About OpenSolution
OpenSolution is a leading Nordic payment solution provider. By controlling the development of unique and innovative payment software OpenSolution is a preferred full service partner to numerous leading actors within the Nordic markets. References include arenas, transportation companies, aviation groups, Guide Michelin restaurants, leading casinos and many more. For more information, visit www.opensolution.se

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IK Investment Partners invests in Optimum Group

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IK Investment Partners (“IK”), a leading Pan-European private equity firm, is pleased to announce that the IK VIII Fund (“the Fund”) has reached an agreement with Mentha Capital and the founders to acquire Optimum Group (“Optimum” or “the Group”), a European printing and labelling company. Financial terms of the transaction are not disclosed and the completion of the transaction is subject to regulatory approvals.

Optimum Group is a printer of self-adhesive labels, banding and shrink sleeves, primarily serving the food and retail market. The Group operates through five printing facilities, of which four in the Netherlands and one in Belgium.

Optimum is active in the faster-growing segments within the Benelux labelling market, which is estimated to be worth approximately €700 million. In particular, the Group focuses on the food labelling market, which has grown by over 5% year-on-year. Optimum has a broad offering but is looking to expand its technological capabilities, such as inkjet technology, and end-market coverage in the food, beverage, chemicals, pharmaceutical and logistics sectors.

Bart de Boer, CEO of Optimum, said: “Label printers such as Optimum are well-positioned in the value chain to benefit from underlying volume growth drivers. With the support of IK, we will be able to invest in new digital technologies to print smaller batches more efficiently, enhancing our service offering. We will also be able to reach new customers through our international expansion and will further develop and expand our current product portfolio. Given service quality has always been our key priority and many of our core customers have worked with us for over 10 years, our partnership with IK will enable us to better serve our loyal customer base and continuously offer them new products.”

Remko Hilhorst, Partner at IK Investment Partners and advisor to the IK VIII Fund, said: “We were impressed with Optimum’s ability to outpace market growth thanks to its unique offering. Given underlying economic performance and the Netherlands’ strong position in food export, Optimum’s core market is expected to grow above market average. This investment is representative of our increased focus on the Benelux region and we look forward to working with the management team to grow the company’s relationship with its existing customers through increased cross-selling and geographic expansion.”

For further questions, please contact:

IK Investment Partners 
Remko Hilhorst, Partner
Phone: +44 207 304 4300

Mikaela Hedborg
Director Communications & ESG
Phone: +44 77 87 573 566
mikaela.hedborg@ikinvest.com

Optimum Group 
Bart de Boer, CEO
Phone: +31 85 273 2333

About Optimum Group
A diverse group of printing companies, specialized in the field of UV flexo and digital printing, together they form a strong top three player in the Benelux self-adhesive label and flexible packaging market. The group primarily serves customers in the food, retail, logistics and chemical industries. For more information, visit www.optimumgroup.nl

About IK Investment Partners
IK Investment Partners (“IK”) is a Pan-European private equity firm focused on investments in the Nordics, DACH region, France, and Benelux. Since 1989, IK has raised more than €9 billion of capital and invested in over 110 European companies. IK funds support companies with strong underlying potential, partnering with management teams and investors to create robust, well-positioned businesses with excellent long-term prospects. For more information, visit www.ikinvest.com

 

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Almi Invest invests in Loxysoft

Almi Invest

Almi Invest invests five million crowns in Ostersund based Loxysoft, which develops and sells support systems for customer service and contact centers. In the issue of a total of ten million is also participating MIC Invest. The money will go to market expansion in the Nordic countries and in the United States.

Loxysoft provides contact-intensive organizations such as banks, telecom operators and insurance companies with support systems for customer service, sales and staffing.

Through one of his focus areas Contact Center Solution targets the company set out to Nordic customers who work with customer service and sales. Loxysoft have the current situation about 250 customers in Sweden and 60 in Norway. The scheduling tool Proscheduler Loxysoft has also entered the US market. A subsidiary has been started and the plan is to bring in far more customers than today about 35th

The solutions offered as Software as a Service (SaaS) and self-operating, but the trend is increasingly toward SaaS.

– Loxysoft has, with Almi Invest Dimensions, come very far, says Christopher Ohman, Investment Manager at Almi Invest. With proprietary products in a growing market, the potential for success great.

Loxysoft now takes in external capital to fund its expansion, mainly in the United States.

– We are very pleased to Almi Invest has chosen to invest in Loxysoft, says CEO Tobias Sjolander. With their capital and expertise behind us, we are ready for further expansion.

 

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Almi Invest sells software company Atollic to STMicroelectronics

Almi Invest

Almi Invest makes an exit and sells its holdings in Jönköping-based software company Atollic. Buyers are STMicroelectronics, one of the world’s largest semiconductor companies.

ST will acquire the entire Atollic 7 million dollars with a potential additional consideration of $ 1 million under certain circumstances.

Atollic develops TrueSTUDIO®, a software development tool for coding embedded in intelligent devices such as televisions, washing machines, camcorders and microwave ovens. There is a great need to create robust and error-free code, the products are difficult to update and can have serious malfunctions in the wrong code. To develop software for embedded systems therefore requires special development tools that address the very qualities that are characteristic of embedded systems.

Almi Invest has been a shareholder in Atollic since the end of 2014 with a stake of about 20 percent. Almi Invest’s share of the purchase price is equivalent to about 2.5 times invested capital.

– We are very pleased with our investment in Atollic said Erik Ydrén, Investment Manager at Almi Invest. The company’s product True Studio is at the forefront it will get very good development of STMicroelectronics.

Atollic is now part of the ST, but with continuing operations in Jönköping branded STMicroelectronics Software AB.

– We have worked closely Atollic for years and have seen the value TrueSudio deliver said Michel Buffa, Microcontroller Division General Manager at STMicroelectronics. True Studio will be giving our developers a strong competitive advantage.

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DN Capital Portfolio Company Finiata raises €18 million

DN Capital

 

DN Capital is proud to announce that FINIATA, the finance platform targeting SMEs, freelancers, and the self-employed, has raised €18 million of financing. The Company was founded by Sebastian Diemer, who previously co-founded credit scoring and loans company Kreditech.

 

The new round sees €10 million invested as a Series A by VC firms DN Capital, Point Nine, Fly Ventures, Redalpine, ENERN, and Kulczyk Investments, while an additional €8 million has been raised in the form of debt financing.

 

Read more here: https://techcrunch.com/2017/12/14/finiata-18m-funding/

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Almi Invest sells software company input port to Addnode Group

Almi Invest

Almi Invest makes an exit and sell its stake in software company input port to Addnode Group, together with the other owners. Inport develop logistical solutions for ports, terminals and shipping companies. The company is the leading supplier in its market segment with sales of about 25 million.

Inport headquartered in Karlstad has expanded greatly in recent years and the customer list has grown to include important logistics hubs such as Copenhagen and Stavanger. The company has its own software suite PORTIT used by more than 90% of the Swedish port companies. Through the development of digital services has hmarknadspositionen strengthened.

– Almi Invest invested in 2014 and has, through active Board work contributed to a change in strategy with increased digitization of InPort services, says Ulf Green, Fund Manager at Almi Invest. This has resulted in increased competitiveness and strong growth. The success is largely due to the staff and management of the company as well as to develop services in close cooperation with customers. With multiple sales multiple on invested capital will free up risk capital for further investments in early growth.

– Our ports play a socially critical role in view of its importance for modern sustainable logistics chains and the proper functioning import and export business. With input port on board strengthens Addnode Group’s position as the leading provider of software solutions for sustainable cities and communities, says Andreas Wikholm, head of Addnode Group Process Management.

– It feels great to pass the torch to the Addnode Group, says Ulf Green. It is an experienced and qualified buyers who means stability and increased resources for InPort customers.

Addnode Group acquires, operates and develops the entrepreneurial company that provides software and services to markets in which Addnode Group has, or can take a leading position. Addnode Group is listed on the Nasdaq Stockholm.

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Blackstone Acquires a Majority Stake in Leading Data Classification Provider TITUS

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New York, New York, December 7, 2017 – Blackstone (NYSE: BX) today announced that funds managed by Blackstone Tactical Opportunities have acquired a majority share in TITUS, a leading provider of data classification and categorization solutions headquartered in Ottawa. Terms of the transaction were not disclosed.

Viral Patel, Managing Director at Blackstone Tactical Opportunities, said: “We are excited to combine Blackstone’s flexible capital and experience with TITUS market-leading solutions to continue to transform data-centric security. With data breaches at an all-time high, each day brings another example of the importance of protecting information.”

“Digital transformation and the cloud mean information increasingly travels outside of the corporate perimeter, and information security must now be based around the data itself,” said James Socas, Blackstone Executive Advisor. “TITUS solutions are a critical component of data-centric protection.”

Titus

TITUS is a leading provider of data classification and categorization solutions, with millions of users in over 70 countries worldwide. Its platform-agnostic solutions enable organizations to bridge multiple data security solutions prevalent in most large organizations to ensure documents and files are protected. TITUS solutions empower and enable employees to understand the value of critical data and how it must be handled. This is particularly important as compliance regulations, such as GDPR and NIST, raise the bar on data protection standards. TITUS has over 950 enterprise customers, including 3 of the top 25 global financial institutions and government and military organizations in 5 of the G7 countries.

“Since our inception in 2005, we have focused on data-centric security working with leading organizations around the world,” said Tim Upton, CEO and co-founder of TITUS. “Partnering with Blackstone will allow us to expand our geographic reach and to accelerate our innovation strategy with the backing of one of the world’s leading investment firms.”

TITUS was founded in 2005 and was bootstrapped until this investment by Blackstone.

AGC Partners served as financial advisor and Gowlings WLG served as legal advisor to TITUS.  Davies Ward Phillips & Vineberg LLP served as legal advisor to Blackstone.


About Blackstone

Blackstone is one of the world’s leading investment firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our asset management businesses, with over $385 billion in assets under management, include investment vehicles focused on private equity, real estate, public debt and equity, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow Blackstone on Twitter @Blackstone.

About Tactical Opportunities
Tactical Opportunities (Tac Opps) is Blackstone’s opportunistic investment platform.  The Tac Opps team invests globally across asset classes, industries and geographies, seeking to identify and execute on attractive, differentiated investment opportunities.  As part of the strategy, the team leverages the intellectual capital across Blackstone’s various businesses while continuously optimizing its approach in the face of ever-changing market conditions.

About TITUS
TITUS solutions enable organizations to discover, classify, protect, analyze and confidently share information. Organizations can use TITUS products to meet regulatory compliance requirements by identifying and securing unstructured data – on the desktop, on mobile devices, and in the cloud. Millions of users in over 120 countries around the world trust TITUS to keep their data compliant and secure. Its customers include Safran Morpho, United States Air Force, NATO, Pratt and Whitney, and Canadian Department of National Defence. Additional information is available at TITUS.com.

MEDIA CONTACTS:

Blackstone:
Paula Chirhart
+1-212-583-5011
paula.chirhart@blackstone.com

TITUS:
Sheri Zelle
+ 1 613-857-1725
sheri.zelle@titus.com

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INFRAVIA acquires from ALTICE its datacenter business in Switzerland

InfraVia

InfraVia announces today the agreement by InfraVia European Fund III to acquire green.ch AG and Green Datacenter AG (“Green”) from Altice.

Based in Switzerland in the area of Zurich, Green operates 5 Data Centers (12 000m²), offering colocation, cloud services and advanced connectivity to mostly its local clients. “We believe that Green is ideally positioned to capture further growth thanks to its high quality infrastructure, unique offering and flexible expansion potential ,” declares Vincent Levita Founder and Chief Executive Officer of InfraVia. “With a solid portfolio of clients and a high-quality management team, Green fits exactly with our strategy to invest in buy-and-build platforms offering strong growth opportunities. We are excited to engage with Green and we look forward to supporting the further growth of the company”.

InfraVia was advised by Weil, Gotshal & Manges (Legal), Solon Consulting (Commercial), Atoz (Structuring) and Deloitte LLP (accounting and tax).

ABOUT INFRAVIA CAPITAL PARTNERS

InfraVia Capital Partners is an investment manager dedicated to the infrastructure sector. InfraVia manages EUR 1.9bn across three infrastructures funds, positioned as long-term investors and dedicated to energy and infrastructure in Europe.

www.infraviacapital.com

ABOUT GREEN

The green.ch Group comprises the two companies green.ch AG and Green Datacenter AG.  Green.ch AG provides private and business customers with high-quality internet connections, hosted, cloud and multimedia services and data backup solutions. Green Datacenter AG provides data center services for medium-sized and large companies in Switzerland, in Europe and throughout the world. In total, the Group serves more than 100,000 customers in over 80 countries.

 

ABOUT ALTICE N.V.

Founded in 2001 by entrepreneur Patrick Drahi, Altice is a convergent global leader in telecom, content, media, entertainment and advertising. Altice delivers innovative, customer-centric products and solutions that connect and unlock the limitless potential of its over 50 million customers over fiber networks and mobile broadband. The company enables millions of people to live out their passions by providing original content, high-quality and compelling TV shows, and international, national and local news channels. Altice delivers live broadcast premium sports events and enables millions of customers to enjoy the most well-known media and entertainment. Altice innovates with technology

in its Altice Labs across the world. Altice links leading brands to audiences through premium adverti-sing solutions. Altice is also a global provider of enterprise digital solutions to millions of business  customers. Altice is present in 10 territories from New York to Paris, from Tel Aviv to Lisbon, from Santo Domingo to Geneva, from Amsterdam to Dallas. Altice (ATC & ATCB) is listed on Euronext Amsterdam.

 

 

 

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