Tag Archives: Information technology

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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EasyPark Group partners with Vitruvian to fuel continued innovation and international expansion plans

Verdane Capital

EasyPark Group today announced it has partnered with Vitruvian Partners («Vitruvian») to solidify the Group’s industry leadership position and accelerate international expansion. EasyPark has a track record of continuous investment in its technology platforms and the new ownership structure will further strengthen this approach to innovation, enhancing the Group’s offering to cities and parking operators in their pursuit towards an easier and greener urban life. Existing investor Verdane Capital («Verdane») has retained an option for significant co-investment ahead of closing of the transaction.

EasyPark’s smartphone app provides millions of registered users with the quickest and most efficient solution to find, remotely manage and pay for parking. With over 220 employees worldwide, the company has unrivalled coverage of millions of on-street parking spaces across 700 cities in 11 European countries, complimented by over 100 commercial off-street parking contracts. EasyPark also offers digital services that enable cities to improve traffic-flow and reduce urban congestion, while maximising occupancy rates for private parking operators. These services work in harmony to create more sustainable, cost efficient and ultimately smarter cities.

EasyPark has a proven track record of continuous innovation. Earlier this year, the company launched its proprietary Parking Dashboard, with real-time parking data management and analytics tools. In 2017, the company also announced its brand-new Find & Pay service, which guides users to their destination along a route with the highest probability of available parking spaces.

Due to its broad European service coverage and industry thought leader position, leading car manufacturers have already shown great interest to partner with EasyPark. Consequently, the company has partnered with Volvo to integrate its service seamlessly in to the head-unit of Volvo vehicles. It also supplies major free-floating car sharing providers in the Nordics and Germany with fully automated parking services, such as DriveNow and Car2Go, so users simply have to park the car to complete their journey without handling any part of the parking transaction. This unique solution is an important step forward for the future of self-driving cars.

Johan Birgersson, CEO of EasyPark Group, said:

“The parking marketplace is currently going through a rapid transformation. As an industry thought leader, EasyPark has been instrumental in this development by building strong value-adding digital services for cities, motorists and parking operators, forming key partnerships and implementing strategic initiatives that have today put us in a market leading position in Europe. We are grateful for the commitment and support we have received from Verdane in recent years, but we also have really big tasks ahead so we are looking forward to doubling down on service development and international expansion with additional support from the strong team at Vitruvian Partners.”

Jussi Wuoristo, Partner at Vitruvian Partners, added:

“EasyPark creates tremendous value for municipalities, consumers, businesses and private parking operators across Europe. EasyPark allows forward-looking municipalities to make smart cities a reality and delivers a better quality of life by improving accessibility, lowering the cost of parking, easing enforcement and reducing congestion. We are delighted and excited to partner with EasyPark’s management and Verdane to help accelerate the company’s international expansion and service innovation for the benefit of cities and their citizens.”

Henrik Aspén, Partner at Verdane Capital Advisors, commented:

“EasyPark is a great example of how digitalisation and new technology make urban life easier and greener, and we are proud to have been part of the internationalisation and strong development of the business since our original investment in 2012. EasyPark has a unique service offering, a leading European market position, and an excellent management team. Combined with Vitruvian Partners’ expertise with international, high-growth consumer technology companies, we are convinced this is only the beginning of EasyPark’s journey.”

The transaction is subject to approval from competition authorities. The parties have agreed to not disclose financial details of the transaction.

For further information, please contact:

Matthew Tooth, for EasyPark: matthew.tooth@easyparkgroup.com or +46 733 133 330
Matthew Smallwood, for Vitruvian: matthew.smallwood@instinctif.com or +442074 572 020
Henrik Aspén, for Verdane: henrik@verdanecapital.com or +46 703 650 400

About EasyPark Group:

Since 2001, our award-winning smart services have been helping drivers to find and pay for parking in 700 cities across 11 countries. But what we do doesn’t stop there. On a larger scale, our technology helps businesses, operators, and cities with parking administration, planning and management. What we actually do is make urban life easier – one parking spot at a time. Visit www.easyparkgroup.com to learn more!

About Vitruvian Partners:

Vitruvian is an independent European private equity firm which specializes in ‘dynamic situations’ – investments in companies undergoing growth and change typically driven by technology. Vitruvian helps portfolio companies scale their operations by providing an operational support system and assistance with strategic initiatives including acquisitions. Notable investments to date include global market leaders in their field such as Just Eat, FarFetch, Skyscanner, EasyPark, Snow Software, CRF Health, Trustpilot, Voxbone, Callcredit, Ebury and others. Vitruvian has a strong presence in the Nordic region with an established office in Stockholm and eight current investments across the region: Accountor, Benify, CRF Health, EasyPark, Just Eat, Snow Software, Trustpilot and Unifaun.

The €2.4bn Vitruvian Investment Partnership III (“VIP III”) is among the largest pools of capital in Europe supporting innovative and higher growth companies. Vitruvian has backed 30 companies in its first two funds and has assets under management of approximately €5 billion. Vitruvian has offices in London, Munich, Stockholm, Luxembourg and San Francisco. More information can be found at: www.vitruvianpartners.com

About Verdane Capital:

Verdane funds provide flexible growth capital to fast growing software, consumer internet, energy or high-technology industry businesses. The funds are distinctive in that they can invest either in a single company, or in portfolios of companies. Verdane funds have €900m under management and have invested in over 300 holdings over the past 14 years. Verdane Capital Advisors has 29 employees working out of offices in Copenhagen, Helsinki, Oslo and Stockholm. More information can be found at: www.verdanecapital.com

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Industrifonden leads €3 million investment in DPOrganizer

IndustrieFonden

We are thrilled to announce our €3 lead investment in European regulation tech pioneer DPOrganizer. The financing will be used to ramp up expansion both in Sweden and globally by strengthening the product, the tech team and expand its SaaS solution that helps companies worldwide to grow with the upcoming EU directive GDPR. Welcome to the family, Egil, Lelle, Cecilia and the rest of the team! 

Blogpost: Thoughts on our investment in DPOrganizer by our investor Sara Resvik

Data protection management company DPOrganizer offers a Saas tool that helps businesses map, visualize, report on and manage their personal data processing. The software helps businesses comply with the General Data Protection Regulation (GDPR), which comes into effect in May 2018. The regulation affects any company that handles personal data about Europeans, across the globe. Due to the rapidly growing GDPR market, DPOrganizer has grown tenfold over the last year, both in number of employees and in revenue, and serves customers in Europe, Asia and the US.

“Hundreds of thousands of businesses will be affected by the GDPR, and we now stand better positioned to become an important player in the market. It has been important for us to find investors who truly understand the craft of building a business. We are very happy to get Industrifonden and Creades onboard, both of whom share our vision and can help us grow smarter and faster. ” says Egil Bergenlind, CEO and founder of DPOganizer.

The financing will be used to ramp up expansion both in Sweden and globally by strengthening the product, the tech team and expand its SaaS solution that helps companies worldwide to grow with the upcoming EU directive GDPR. With less than 6 months to go, previous studies have shown that only 6% of UK FTSE 350 companies are completely prepared for the GDPR. A Swedish study indicates that 92 % of European companies are not at all prepared for GDPR.

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Nordic Capital-backed Itiviti announces the intention to combine with ULLINK to create a new global force in capital markets technology and infrastructure

Nordic Capital

Itiviti, backed by Nordic Capital Fund VII, today announces the intention to combine with ULLINK to build a full service technology and infrastructure provider for global and regional financial institutions.

The proposed combination of Swedish based Itiviti, a global leader in trading software for banks and trading firms, offering the full spectrum of sell-side capabilities and ULLINK, a best in class platform for cash equity and derivatives trading solutions, is intended to create a world-leader in capital markets technology with revenues of over $200 million, 1,000 employees and a local market presence in all major markets of Europe, Asia and the Americas. Due to its scale and diversification, the new company will be a full service provider for global and regional financial institutions.

The proposed combination would provide for a merger of two equals, both with market leading technology. Through scale and diversification, the combined entity would be ideally positioned to take advantage of shifting trends in the financial services industry, including new regulatory requirements such as MiFiD II, which are forcing financial institutions to revise their technological strategies in order to meet new compliance rules. The combined product portfolio would support the complete order cycle across all asset classes and therefore the combined company would be a powerful partner to existing and new customers within the finance industry.

Torben Munch, CEO of Itiviti comments: “The proposed combination will offer our customers the industry’s broadest range of products based on modern, flexible technology. The global reach of the combined entity will be unique and both ULLINK and Itiviti share the ambition to meet our customers’ demand for solutions that cover all asset classes and the full value chain. In a world with increasing regulatory pressure and changing market structures the combined entity would become the reliable and long-term partner our clients can depend on. We are also looking at bringing together a pool of talented people across the world with in-depth industry experience and technological expertise. The companies complement each other in many ways and the focus will be on growth and expansion. It is our goal to make the combined company the undisputed technological leader in our industry.”

Didier Bouillard, CEO of ULLINK comments: “The proposed combination of ULLINK and Itiviti would create a world-leader in Capital Markets technologies and services. Itiviti provides leading solutions in connectivity, market making and trading, with considerable expertise in the derivatives space. ULLINK’s core competence in High Touch and Low Touch OMS and our world-leading NYFIX network complement Itiviti’s solutions, and our capabilities in connectivity would create a global powerhouse unrivalled in the industry.”

Fredrik Näslund, Partner at the Advisor to the Nordic Capital Funds says: “Nordic Capital started this journey in 2012 seeing large opportunities in transforming the financial sector and creating a world-leading provider of complete trading technology solutions for the global capital markets. Itiviti was formed of Orc Group, CameronTec and Tbricks, and we are now reaching a new milestone by looking at creating one of the largest global players in the combination of two strong companies, Itiviti and ULLINK. Nordic Capital sees great value potential in creating this game-changer in the financial industry.”

The transaction is subject to consultation of the French works council and customary antitrust and regulatory approvals.

 

Media contacts:

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

Torben Munch, CEO
Itiviti
Tel. +45 2223 4789
e-mail: torben.munch@itiviti.com

Didier Bouillard, CEO,
ULLINK
Tel: +44 207 743 7228
e-mail: Didier.bouillard@ullink.com

About Itiviti

Itiviti is a world-leading technology provider for the capital markets industry. Trading firms, banks, brokers and institutional clients rely on Itiviti technology, solutions and expertise for streamlining their daily operations, while gaining a sustainable competitive edge in global markets. With 13 offices and serving more than 400 clients worldwide, Itiviti has a track record of delivering innovative financial infrastructure solutions covering all asset classes, across geographies and regulatory landscapes. We offer highly adaptable platforms and solutions, enabling clients to stay ahead of competitive and regulatory challenges. For more information please visit www.ititviti.com

About ULLINK

Nordic Capital-backed Itiviti announces the intention to combine with ULLINK to create a new global force in capital markets technology and infrastructure Image

ULLINK was founded in 2001 and is a global provider of market leading multi-asset trading technology and infrastructure for buy-side and sell-side market participants, including NYFIX, one of the industry’s largest FIX based trading communities. Trusted by over 150 of the world’s top-tier banks and brokers, the company provides consistent, reliable access to the most current and innovative trading solutions available. Their multi-asset solutions allow customers to connect to their desired markets, trade when and where they want, while being able to comply with global regulation. From its 10 offices covering all the major global financial centers, the team will advise on the best approach to address customers’ challenges and deploy its technology. For more information, please contact connect@ullink.com or visit www.ullink.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 11 billion through eight funds. The Nordic Capital Funds 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 see www.nordiccapital.com

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Hg receives definitive binding offer from Itiviti to acquire

HG Capital

28 November 2017: Hg has announced today that it has received a definitive binding offer from Itiviti, a company backed by Nordic Capital, to acquire Ullink. This proposed sale is subject to French workers’ council consultations, and customary approvals, such as regulatory clearances. The terms of the transaction were not disclosed.

Ullink provides mission critical electronic trading and connectivity solutions to the financial community globally. Based on its proprietary multi-asset trading technology and infrastructure, the company serves 2,000 clients in 40 countries and is acknowledged as a leader and innovator in the financial technology space.

Hg initially invested in Ullink in 2014 and has been working with the management of the company since 2014 to build a leading FIX based trading community through strong organic growth and the acquisitions of NYFIX and Metabit.

This original investment in Ullink by the Hg Technology Team followed many years of experience in Hg’s proven sector-focused approach of investing in leading global providers of vertical market application software. Ullink shares the core characteristics that Hg looks for: it provides an excellent platform for growth with a subscription revenue model across a diversified client base with a proven commitment to innovation.

The realisation of Ullink would represent the second exit from the Hg 7 (2013) Fund, following the sale of P&I in November 2016, which together with a number of refinancings completed across the unrealised portfolio, has now delivered overall realised returns of 2.6x and a 36% gross IRR. The Fund has now returned in cash 41% of the original investment made.

This proposed transaction follows the successful exits over 2017 year-to-date of Zenith, QUNDIS, Parts Alliance, e-conomic, Zitcom and Sequel Business Solutions, which have returned £1.3 billion to investors with an overall 3.0x investment multiple / 35% gross IRR. A number of further realisations from the Hg funds are anticipated over the coming months.

Jonathan Boyes, Partner at Hg, said: “We are very pleased to have achieved an outstanding result for both Ullink and our Hg clients. This has been achieved through Ullink’s transformational merger with NYFIX and strong organic growth that followed as the management team professionalised the combined business. We wish Ullink’s management and employees every success as they enter their next phase of growth.”

Jean-Baptiste Brian, Director at Hg, commented: “The proposed realisation of Ullink follows a successful partnership with the Company over the past 3 and a half years to build a leading global provider of electronic trading and connectivity solutions to the financial community both organically and through acquisition. We would like to thank the management and employees of Ullink for their outstanding work and effort to achieve this outcome.”

Didier Bouillard, CEO at Ullink said: “The combination of Ullink and Itiviti would create a world-leader in Capital Markets technologies and services. Itiviti provides leading solutions in connectivity, market making and trading, with considerable expertise in the Derivatives space. Ullink’s core competence in High Touch and Low Touch OMS and our world-leading NYFIX network complement Itiviti’s solutions, and our capabilities in connectivity create a global powerhouse unrivalled in the industry.”

Hg were supported by Credit Suisse, Skadden and Deloitte on the sale.

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Litorina invests in Digpro

Litorina

Litorina V AB acquires a majority stake in Digpro, the leading provider of geographic information systems to network companies and municipalities. Digpro offers a fully proprietary system for its customers, which enables detailed network documentation and support for critical internal processes. The company’s management team and former main owners, including the founders Bo Lundgren, Svante Mjörne and Per Westberg, will remain as sizable minority owners.

Digpro was founded in 1989 in Stockholm and has since grown successfully reaching a turnover of more than SEK 100 million in the last fiscal year with good profitability. The company has historically focused on the Swedish market where it offers solutions for network owners within the electricity, district heating, water and wastewater, gas and telecom markets as well as solutions for municipalities. Digpro has over 130 customers, whereof the majority of these customers comprise of electricity network owners, including leading players in Sweden such as E.ON, Göteborg Energi and Kraftringen. During the last few years, the company has increased its presence outside of Sweden and today Digpro has customers in a number of export markets, such as Norway, Finland, Poland and Turkey. The headquarter is located in Stockholm.

To support the company’s international expansion, Zobito will become a minority owner in Digpro as part of the transaction. Magnus Lindhe, partner at Zobito, with over 10 years of experience from managerial roles at the international software company QlikTech, will be part of the new board of directors together with Litorina.

”We are very proud of Digpro’s development since the start in 1989. We have built a strong company with talented employees. With our solid market position in Sweden as a platform, we have been able to begin our international expansion to continue to expand our customer base” says Bo Lundgren, co-owner and CEO of Digpro. ”We are convinced that we together with Litorina and the new board will be able to accelerate our international expansion through increased sales and marketing efforts in new geographies as our customer solution is highly competitive also in a global context.”

”Digpro’s strong corporate culture with focus on developing technically advanced and customer critical IT solutions for network owners, the company’s continuous focus on improvements coupled with the management team’s proven ability to drive profitable growth makes Digpro an exciting investment opportunity for Litorina” says Lars Verneholt, Partner at Litorina V Advisor AB, investment advisor to Litorina V AB. ”We look forward to supporting Digpro in its continued international expansion with an increased focus on sales and marketing efforts in new markets.”

For further information, please contact:

Lars Verneholt, +46 733 86 92 07, Partner, Litorina V Advisor AB
Bo Lundgren, +46 707 45 26 14, CEO, Digpro AB

Digpro, founded in 1989, develops, markets and sells its own fully proprietary geographic information system for network owners and municipalities. The company has more than 130 customers with the majority based in its home market in Sweden. The company has a growing international presence, with customers in Norway, Finland, Poland and Turkey. Digpro is the leading provider to electricity network owners in Sweden with an estimated market share of c. 50%. The company is headquartered in Stockholm and has approximately 100 employees. For more information, please visit www.digpro.se.

Litorina, founded in 1998, focuses on acquiring and industrially developing companies together with their management teams. Litorina offers broad and deep expertise both via its own organization and through its network of industrial advisors. Litorina V Advisor AB serves as an investment advisor to the Swedish private equity fund Litorina V AB. For more information, please visit www.litorina.se.

 

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Insight Venture Partners Invests $26M Series B in LeanTaaS to Fuel Growth of Healthcare Operations Platform

Insight Venture

SANTA CLARA, Calif.–LeanTaaS, Inc., a Silicon Valley software innovator that increases patient access and transforms operational performance for healthcare providers, today announced that new investor Insight Venture Partners, a leading global venture capital and private equity firm, has invested $26 million in a Series B round of financing.

“Healthcare is a difficult space in which to bring about radical change,” said Jeff Horing, co-founder and managing director of Insight Venture Partners. “We are impressed by the quality of deep customer partnerships, the product portfolio and the team that LeanTaaS has assembled.”

The company’s solutions — relied upon by more than 40 of the nation’s leading hospitals and infusion centers — use lean principles, predictive analytics, machine learning and the cloud to dramatically improve the patient experience. LeanTaaS customers have reduced wait times for appointments and surgeries by up to 50 percent, increased patient access by as much as 30 percent and improved operational performance up to 20 percent through increased revenue and reduced costs.

The mathematical foundation on which patient appointments are scheduled is fundamentally flawed. As a result, expensive assets like infusion chairs, operating rooms, diagnostic imaging equipment and inpatient beds are commonly over- and underutilized, often on the same day.

LeanTaaS has quickly emerged as the leader in using advanced data science and mathematics to address this perplexing paradox. The company’s patent-pending algorithms help providers do more with existing assets and defer investments in additional staff, equipment and facilities. LeanTaaS solutions also improve surgeon access to valuable operating room time, lower wait times for patients and level-load the day for anesthesiologists, nurses and staff.

“We are privileged to work with many of the leading health systems in the country to demonstrate the impact of combining lean principles, predictive analytics and scalable software to drive significant improvements in operational performance and asset utilization,” said Mohan Giridharadas, founder and CEO of LeanTaaS. “This investment from Insight Venture Partners is a strong validation of our approach and will enable us to dramatically accelerate our growth over the coming years.”

The financing will fund continued investment in the LeanTaaS iQueue platform, which currently consists of two solutions: iQueue for Infusion Centers and iQueue for Operating Rooms. In May 2017, the company also established iQueue Labs, which explores answers to emerging, significant operational challenges in diagnostic imaging departments, emergency departments, pharmacies, labs and inpatient beds. The iQueue platform is a cloud service that works with any electronic health record and requires only minimal assistance by the provider’s internal IT staff to set up and use.

LeanTaaS joins an Insight Venture Partners portfolio that already boasts five companies on Inc.’s annual ranking of the fastest-growing private companies in America.

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Pagero and DinERP announce strategic partnership to increase value to global IFS customer base

Viking Venture

Pagero and Norwegian software vendor DinERP today announce a long-term partnership to offer the most comprehensive purchase-to-pay solutions to world-wide IFS customers.

The partnership will enable IFS customers to implement streamlined purchase-to-pay processes within their organisation with e-invoicing, e-procurement and e-payments included – a first within the IFS ecosystem.

“We are very excited to be working more closely with Pagero,” commented Lars Morten Nygaard, CEO of DinERP. “There is a clear synergy between our companies as we often work with the same customers separately, as part of one overall delivery.” He continued, “This agreement acknowledges that and enables us to work together to deliver the best possible solutions to the customer. DinERP has been delivering purchase-to-pay solutions for many years but never with an electronic documentation component. This adds value for customers and further strengthens the value of IFS Applications™ to large enterprise businesses.”

Fredrik Rosenqvist, VP Partner & Alliances at Pagero commented: “This is very convenient for the customer as it means complete solutions are delivered faster, without the customer needing to co-ordinate between two suppliers – which facilitates clearer communication between all parties and more efficient deliveries. He continued, “At the same time, it means financial processes and workflows are not only optimised, but are also more fully featured and future-proof with the addition of state-of-the-art electronic document handling via Pagero Online. By connecting this functionality to the DinERP ApproveIT platform, we now offer and end-to-end solution which is seamlessly integrated with the customers’ purchase-to-pay process, which is a huge win for the customer.”

About DinERP

Norwegian software vendor DinERP is an award-winning, global software partner of IFS. DinERP helps customers save time and money by optimising their existing IFS Applications™ for non-expert users – often around 80% of the total workforce.

By placing the power of IFS Applications into the hands of as many end-users as possible, DinERP enables customers to drive their digital transformation strategies from the bottom up, with minimal effort and maximum effect.

For further information, please contact:

Jason Falk, Marketing Director, Phone: +47-468 88 444
Lars Morten Nygaard, Chief Executive Officer, Phone: +47-982 21 880

Website: www.dinerp.com

About Pagero

Pagero Group develops and markets Pagero Online, a cloud based network platform for communication of business documents within the purchase-to-pay, order-to-cash and logistics-to-pay (TMS) processes. Pagero Online is independent of the ERP system and suits companies of all sizes and within all industries.

Our value-added services enable our customers to achieve accurate data and obtain a 100% digital inbound and outbound business document flow, resulting in minimal error handling, compliance with local VAT regulation and control over company spend. Pagero Online is also interconnected with an extensive number of other networks for global reach.

Pagero Group has over 190 employees. It has its headquarter in Gothenburg, Sweden and offices in Stockholm, Oslo, Copenhagen, Helsinki, London, Dublin, Amsterdam, Rome, Madrid, Paris, Istanbul and Dubai.

For further information, please contact:

Fredrik Rosenqvist, VP Partner & Alliances, Phone: +46-31 730 87 46

Website: www.pagero.com

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MariaDB Completes Series C Funding Led by Alibaba Group, Finishing 2017 With $54M in Global Investment

Tesi

MariaDB® Corporation, the company behind the fastest growing open source database, today announced that it raised $27 million in an investment led by Alibaba Group, with participation from existing investors Intel Capital, California Technology Ventures, Tesi, SmartFin Capital and Open Ocean. Combined with a recent $27 million investment from the European Investment Bank (EIB), this latest capital brings MariaDB’s total funding this year to $54 million.

Funding from Alibaba and European Investment Bank accelerates worldwide opportunity for MariaDB as the open source database standard

 

MariaDB will continue its collaboration with Alibaba Cloud, the cloud computing arm of Alibaba Group, to deliver new solutions for the cloud and emerging use cases. MariaDB reaches more than 60 million developers worldwide through its inclusion in every major Linux distribution, as well as a growing presence in the world’s major cloud providers. The latest investments reflect the rising interest in MariaDB from every commercial region around the world.

“Companies around the world are standardizing on open source for modern application development,” said Michael Howard, CEO of MariaDB Corporation. “From global banks to leading telecommunication companies, MariaDB is selected over proprietary offerings for its complete set of database features built for the next generation of applications. This investment allows MariaDB to further accelerate growth, while delivering new solutions for the cloud and automation through machine learning.”

MariaDB’s open source model and active community participation enable the company to iterate more quickly and add new industry-leading capabilities faster than closed, proprietary software vendors like Oracle. Technology giants Alibaba, Tencent, Facebook and others have established collaboration with MariaDB to develop and incorporate significant features including multi-source replication, encryption, point-in-time rollback and more that address new and emerging challenges and opportunities.

Alibaba Cloud is a valued MariaDB contributor and user. MariaDB and Alibaba Cloud companies have worked closely together to enhance features of products such as AliSQL, a cloud-friendly open source project that enables Alibaba’s work with MariaDB.

“MariaDB is becoming the gold standard for enterprise-grade open source databases,” said Jin Li, Vice President of Alibaba Cloud. “We believe that the symbiotic relationships found in the open source community contribute to the success of both MariaDB’s database technology and our cloud platform, and we have an opportunity to build some truly innovative solutions for cloud, on premise and hybrid deployments.”

MariaDB Empowers Mobility in the Cloud

With the widespread adoption of cloud architectures, comes increasing concern that cloud vendor lock-in brings the same lack of choice as proprietary systems. In contrast, MariaDB is deployment agnostic, free from cloud vendor lock-in and engineered to handle transactional, analytical, and web-scale workloads across any public, private or hybrid topology. MariaDB’s mobility affords customers unparalleled flexibility and power with a best-of-breed, open source database.

Record MariaDB Business Growth

Today’s global investment news comes on the heels of a momentous 2017 fiscal year, which ended September 30, with record business growth.
● Rapid Revenue Expansion: MariaDB ended the fiscal year and last quarter with historical revenue gains. The average deal size doubled as customers deployed MariaDB across growing segments of their business, including the first enterprise-wide replacement and migration from Oracle Enterprise to MariaDB.
● New Database Solution Offerings: In 2017, MariaDB continued its track record of innovative development through the availability of two new database solution offerings: MariaDB TX, a complete database solution for transactional workloads, and MariaDB AX, a modern data warehousing solution for high-performance analytics.
● Debuted Inaugural MariaDB User Conference: In April, MariaDB hosted its first-ever annual user conference to address the fast growing business usage of MariaDB. With participation from hundreds of customers, partners and developers from around the world, the conference reflected MariaDB’s growing global presence in the enterprise.

As a general purpose database, MariaDB has been deployed to support a wide range of applications in every industry, from credit card transactions and investment applications in banking, to customer phone data and billing applications in telecom, to inventory, purchases and order fulfillment applications in e-commerce. With the ability to fulfill any transactional or analytical workload, MariaDB supports the most critical applications at companies around the world. Its widespread use across Linux distributions and cloud platforms, as well as its ease of use, have quickly made MariaDB the open source database standard for the modern enterprise.

Additional Resources
● Visit www.mariadb.com
● Follow @mariadb on Twitter
● Read MariaDB’s blog


About MariaDB Corporation
MariaDB Corporation is the company behind MariaDB, the fastest growing Open Source database. MariaDB, with a strong history of community innovation and enterprise adoption, provides the most functionally complete open source database. MariaDB powers applications at companies including Google, Wikipedia, Tencent, Verizon, DBS Bank, Deutsche Bank, Telefónica, Huatai Securities and more.

MariaDB solutions are engineered to run on any infrastructure – bare metal servers, virtual machines, containers, public and private clouds – and is available in all leading Linux distributions, including Ubuntu, and is the default database in openSUSE, Manjaro, Red Hat Enterprise Linux (RHEL) / CentOS / Fedora, Arch Linux, SUSE Linux Enterprise and Debian, with a reach of more than 60 million developers worldwide.

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Shoreline secures investment from Blue Bear Capital, Alliance Venture, and Investinor

Alliance Venture
Shoreline AS, a data analytics and simulation software company focused on the energy industry, has secured growth equity funding from a group of international venture capital funds, including US-based Blue Bear Capital LLC and leading Nordic investors Alliance Venture AS and Investinor AS.
Shoreline AS, a data analytics and simulation software company focused on the energy industry, has secured growth equity funding from a group of international venture capital funds, including US-based Blue Bear Capital LLC and leading Nordic investors Alliance Venture AS and Investinor AS. Shoreline has already achieved a strong position in the offshore wind market, providing software-as-a-service (“SaaS”) to many of the largest offshore wind developers, operators, and supply chain partners. The company will use this new investment capital to further develop its simulation software and machine learning capabilities, and also expand into additional energy markets such as onshore wind and hydro, where Shoreline has demonstrated initial traction.

Shoreline’s solutions are based on internally developed simulation and optimization algorithms that streamline how operators, project developers, equipment manufacturers and service providers work to develop and construct new projects and manage existing assets.

“After almost two years of operations and with several major international players as customers, it was natural to take the company to the next level and speed up development,” says Ole-Erik Vestøl Endrerud, CEO of Shoreline AS. “We aim to serve a growing market demand and continue to improve the capacity and functionality of our software as we move into new markets. In the early summer, work began to assess different capitalization options and it became clear that we wanted experienced international investors in the shareholder base to help support this growth.”

With Blue Bear Capital, Alliance Venture and Investinor as shareholders, Shoreline has established a strong financial and strategic platform for further development of the product platform and markets.

Ernst T. Sack of Blue Bear Capital Partners states: “Shoreline combines a differentiated software solution with a strong commercial management team, in some of the fastest growing markets in the energy industry. And the company has proven they can execute. We are excited to partner with Shoreline to help their customers build better projects, faster, with lower risk and higher uptime.”

Managing partner in Alliance Venture, Jan-Erik Hareid adds: “We are really impressed with the team, as well as the growth and progress in Shoreline over the last two years. We are excited about the future potential based on the unique position Shoreline has taken in the rapidly growing offshore wind market.”

“Shoreline is a very exciting company with unique technology and a strong team. Investinor’s mandate implies that we always partner with other investors and thus act as a spearhead for private capital aiming to invest in the venture market. We look forward to working with Blue Bear Capital and Alliance Venture and we are confident that the new shareholders will be important contributors to further development,” says Jan Morten Ertsaas.

For more information:
Ole-Erik Vestøl Endrerud, CEO, Shoreline AS
Phone: +47 47378157
Email: endrerud@shoreline.no

About Shoreline AS:
Shoreline AS is a B2B enterprise SaaS software company, which today sells its products MAINTSYS™, SIMSTALL™ and Planner as subscription service to energy industries. The products can be used to plan, optimize and analyze the development, construction and operation of energy production facilities. These products are based on internally developed and proprietary simulation and optimization algorithms. Shoreline AS is currently established or represented in Stavanger, Esbjerg, Hamburg, Seoul and Palo Alto.

About Blue Bear Capital LLC:
Blue Bear Capital LLC is a venture capital fund investing in digital technologies for the global energy industry. The firm backs companies taking proven technology concepts like machine learning, industrial IoT, and cyber security, and applying them in large energy markets including oil and gas, wind, solar, and energy storage. Blue Bear has offices in California, Texas, and the UK.

About Alliance Venture AS:
Alliance Venture is a Norwegian venture capital firm with offices in Oslo and Silicon Valley, investing in early stage technology companies, with a focus on SaaS. (Total capital under management is 850 MNOK (about € 100 million).)

About Investinor AS:
Investinor is an evergreen venture capital fund wholly owned by the Norwegian government. Investinor manages NOK 4.2 billion (MEUR 470), and has approximately 45 portfolio companies. One of Investinor’s ambitions is to be the preferred gateway to Norway for leading international investors.

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