Tag Archives: Information technology

Omegapoint acquires Qurit AB

Priveq

31 October, 2018

Omegapoint Group AB – a leading information security and secure-application development consultant company has acquired Qurit AB, a specialized IT-consultant company within e-Health, Pharmaceutical and Life Science sectors.

Omegapoint will, based on the acquisition, accelerate the development of the business area e-Health and Pharmaceutical, to address a rapidly growing need for expert competence related to secure application development and IT-security in the rapidly growing digitized Healthcare value chain.

 

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Omada A/S to receive strategic investment from CVC Capital Partners’ Growth Fund and GRO Capital

CVC and GRO partner with management team to further accelerate product innovation, partner network expansion and marketing efforts.

Omada A/S (“Omada” or the “Company”), a global leader of identity governance and administration (“IGA”) software and services, today announced that CVC Capital Partners’ Growth Fund (“CVC Growth Partners” or “CVC”) and GRO Capital (“GRO”) have agreed to become new majority shareholders and provide further capital into the Company to accelerate growth.

CVC Growth Partners and GRO will partner with Omada’s management team to further accelerate Omada’s product innovation, grow its partner network in North America and Europe, enhance sales and marketing efforts, as well as continue expanding its strong position in Europe and building greater depth in the North American market.

Omada is headquartered in Copenhagen, Denmark, with over 270 employees across offices in Europe and North America. The Company helps its customers globally to govern and control users’ access rights to enterprise systems and data, reduce risk of accidental or wrongful data access, and ensure compliance with regulation (such as GDPR) as well as industry-specific legislation.

Omada’s software platform, the Omada Identity Suite (“OIS”), is a best-in-class next generation IGA solution. OIS, together with the Company’s unique best practice process framework for identity management and access governance, enables enterprises to manage identities and govern their access on an ongoing basis across heterogeneous IT systems, including major IT vendor platforms delivered on-premises and in the cloud, and a number of legacy and modern applications. The demand for Omada’s offerings has been increasing globally along with customer awareness of potential solutions to their complex identity governance challenges, and the Company has grown revenues at a compounded annual growth rate of over 40% for the last 2 years.

“We are excited about the partnership with CVC and GRO and we look forward to working with them to fulfil our joint vision to serve the majority of enterprises of the world with our strong Identity & Access Governance solution”, said Morten Boel Sigurdsson, CEO and founder of Omada. “CVC and GRO represent a unique combination of competencies that will support our expansion in North America, Europe and other markets. The need for IGA solutions is rapidly increasing across markets as more and more organisations realise the need for a flexible IGA solution to protect them from hacking, insider threats, increased compliance requirements and the consequences of GDPR.”

“The increasingly complex IT world and more stringent compliance requirements globally will continue to drive strong demand for Omada’s next generation identity governance solution, as the Company has proven its ability to successfully solve complex problems for its customers”, said Sebastian Kuenne, who leads CVC Growth Partners in Europe. “Omada represents an exciting opportunity and is a perfect fit for our growth fund, which focuses on high-growth software and technology-enabled business services companies. We, together with GRO, are thrilled to partner with Morten and the entire executive team to expand Omada’s offering and global presence.”

“We have followed Omada for close to a decade and are very impressed with the product and their blue-chip customer base. This investment is perfectly aligned with GRO’s strategy of investing in outstanding technology companies and helping accelerate their growth”, said Morten Weicher, partner at GRO Capital. “Morten Sigurdsson has built a very strong team and assembled a deep bench of highly skilled and ambitious individuals operating in a unique culture of teamwork, delivery, and customer service.”

With the entrance of CVC and GRO, C5 Capital (“C5”) will no longer be shareholders in Omada. “We are pleased to have contributed to the growth of Omada since 2015”, said Andre Pienaar, managing partner and founder at C5 Capital.

Morten Weicher, Sebastian Kuenne, Lars Dybkjær (Managing Partner of GRO Capital), and John Clark (Managing Partner of CVC Growth Partners) will join Omada’s board of directors.

Closing of the transaction is anticipated to take place in December 2018, and is subject only to mandatory competition approvals.

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GP Bullhound invests in sports booking platform Playtomic

Gp Bullhound

Madrid, 23 October 2018 – GP Bullhound announces its investment in Playtomic, the largest network of sports reservations in Spain. The funds raised will go toward accelerating the business across Spain and Europe.
Playtomic joins the pool of GP Bullhound’s fast-growing portfolio companies founded in Spain, including Wallapop, Jobandtalent, Ontruck, and most recently Stratio.

Pedro Claveria, Founder and CEO of Playtomic, said: “We are excited to have GP Bullhound as a partner. Using Playtomic’s technology, users can find and book a court in less than 3 clicks. Our vision is to deliver the best solutions to the industry and make users play even more, allowing sport clubs to increase their occupancy rates. Thanks to this investment, Playtomic users will be able to find other players to play with and get inspired to practice their favourite sport even more.”

Per Roman, Managing Partner of GP Bullhound, commented: “We’ve been following Pedro and his team closely, as Playtomic in under a year has built the leading Spanish sports reservation platform, and we’re proud to support their efforts to modernise a sector that was ripe for disruption and automatisation.”

Enquiries
For enquiries, please contact Per Roman, Managing Partner at GP Bullhound, at per.roman@gpbullhound.com 

About Playtomic
Playtomic is the largest sports booking platform in Spain, with more than 40 employees. Via the app, users can find and book courts to play padel and tennis. It allows to book 2,500 courts of padel and tennis in more than 650 affiliated clubs. Playtomic is the leading Sports Marketplace in Spain, being the perfect link between players and sport clubs.

About GP Bullhound
GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the best entrepreneurs and founders. Founded in 1999, the firm today has offices in London, San Francisco, Stockholm, Berlin, Manchester, Paris, Hong Kong, Madrid and New York. For more information, please visit www.gpbullhound.com, or follow on Twitter @GPBullhound.

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Kinnevik invests in GoEuro – the leading booking platform for transport across Europe

Kinnevik

Kinnevik AB (publ) (“Kinnevik”) today announced that it has invested SEK 443m in GoEuro, the leading booking platform for transport across Europe. The investment was made in partnership with Temasek, the Singapore based investment company.

GoEuro is a travel platform that allows customers to find and book trains, buses and flights across Europe. Partnering with over 800 European transport operators, GoEuro is revolutionising the travel planning experience, providing customers with more choice, transparent pricing and easier booking. Today, GoEuro sells tickets directly for more than 80% of its transport providers, offering ground and air travel options in 36 countries across Europe, with full product in 15. It has more than 27 million users every month, with three quarters of users on mobile.

Georgi Ganev, CEO of Kinnevik commented:

“We are excited to lead this funding round in GoEuro, together with Temasek. GoEuro has made the travel comparison and booking experience seamless for millions of travellers, and it resonates perfectly with Kinnevik’s investment strategy of providing more and better choice to the consumer. I look forward to supporting Naren and his team as they continue to grow the business.”

Naren Shaam, Founder and CEO of GoEuro, said:

“The investment by these outstanding firms is a testament to our team’s hard work to build the leading booking platform for transport in Europe and a recognition of the tremendous growth opportunities we see ahead. Having Kinnevik, Temasek and Hillhouse as investors complements our vision for driving growth across our business, as we help people around the world book their travel more easily and quickly. “

 For further information, visit www.kinnevik.com or contact:

Torun Litzén, Director Investor Relations
Phone +46 (0)70 762 00 50
Email press@kinnevik.com

Kinnevik is an industry focused investment company with an entrepreneurial spirit. Our purpose is to build digital businesses that provide more and better choice. We do this by working in partnership with talented founders and management teams to create, develop and invest in fast growing businesses in developed and emerging markets. We believe in delivering both shareholder and social value by building companies that contribute positively to society. Kinnevik was founded in 1936 by the Stenbeck, Klingspor and von Horn families. Kinnevik’s shares are listed on Nasdaq Stockholm’s list for large cap companies under the ticker codes KINV A and KINV B.

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Divido, the consumer finance platform, scores $15 M Series A.

DN Capital

Leading the round is Dawn Capital, and DN Capital, with participation from Mastercard, American Express Ventures and a number of previous investors. Renier Lemmens, who previously served as CEO of PayPal EMEA and was an executive at Barclays, has also been appointed as chairman.

Covered by TechCrunch, you can view the full article here, with an excerpt below.

Christer Holloman, CEO of Divido, in a statement: “Proactive retailers know they have to try new initiatives to grow sales. Offering customers the option to pay later doesn’t just increase footfall and eyeballs, but it also raises average order values and conversion rates. And what’s good for the retailers is also good for the lenders who are providing this credit, and the intermediaries that facilitate the transactions”.

Divido says the injection of capital will be used for global expansion. The platform is currently available in the U.K., Germany, France, Spain, Italy, the Nordics, and the U.S., and the company wants to be in 10 more countries by the end of 2019. Divido is also pivoting to licence its platform to banks and lenders via a service called “Powered by Divido”. This will let partners white label its technology to provide finance services to their customers.

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GP Bullhound advises on the sale of IT SONIX and XPURE to listed Data Respons

Gp Bullhound

GP Bullhound acted as exclusive financial advisor to R&D and Software Development service providers IT SONIX and XPURE and their shareholders on their sale to Data Respons ASA, a leading player in IoT and Industrial digitalisation
Leipzig-based IT SONIX GmbH and XPURE GmbH are leading specialized R&D and Software Development service providers, active primarily in the telematics and logistics sector serving major automotive OEMs. The companies, with their 125 employees, offer a wide range of custom software from IoT and “connected car” solutions to mobile and embedded applications.

Dr. Andreas Lassmann, CEO of IT SONIX and XPURE, commented: “We are looking forward to becoming a part of Data Respons as both companies share the same technology profile, corporate culture and have a proven track record in delivering highly innovative solutions to their clients. Having successfully advised us before in 2014, GP Bullhound has again proven to be an invaluable advisory partner, leveraging its expertise and execution capabilities in delivering this transaction for us.”

Julian Riedlbauer, Partner at GP Bullhound, commented: “It has been a pleasure to advise IT SONIX and XPURE on this transaction. We are confident that both companies have a lot of synergies and that by joining forces with Data Respons our client will be in an even better position to work on more complex and exciting projects”.

This is GP Bullhound’s 20th transaction in 2018, and further highlights the firm’s expertise in advising leading transport technology companies, and its strong presence in Germany, following recent transactions completed for clients including Magix, Uberall and Infinigate, among others.

Enquiries
For enquiries please contact: Julian Riedlbauer, Partner, at Julian.riedlbauer@gpbullhound.com, or Sebastian Markowsky, Director, at sebastian.markowsky@gpbullhound.com

About GP Bullhound
GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the world’s best entrepreneurs and founders. Founded in 1999, the firm today has offices in London, San Francisco, Stockholm, Berlin, Manchester, Paris, Hong Kong, Madrid and New York. For more information, please visit www.gpbullhound.com, or follow on Twitter @GPBullhound.
Dealmakers in Technology

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Onex Invests in Ryan – A Leading Global Tax Services and Software Provider –

Onex

Toronto, Ontario and Dallas, Texas, October 17, 2018 – Onex Corporation (“Onex”) (TSX: ONEX) today announced it acquired a 42% interest in Ryan, LLC (“Ryan”) for $317 million, which values the company at $1.1 billion.
Headquartered in Dallas, Texas, Ryan is a leading global tax services and software provider with an integrated suite of federal, state, local, and international tax services, and is the largest firm in the world dedicated exclusively to business taxes. Its multi-disciplinary team of more than 2,200 professionals and associates serves over 14,000 clients, including many of the world’s most prominent companies.

“Onex is the ideal partner for us given its strong track record and focus on growing companies and supporting the management teams in which it invests,” said G. Brint Ryan, Founder, Chairman and Chief Executive Officer of Ryan. “In recent years, we’ve significantly expanded our business, adding new service lines and growing our premium client roster. With the backing of Onex, we’ll continue this momentum to increase the value we bring to our clients.”
“Ryan is a trusted advisor to many of the world’s most respected organizations. This is a direct reflection of the caliber and values of Ryan’s people who are completely aligned with the success of their clients and work relentlessly on their behalf,” said Amir Motamedi, a Managing Director with Onex. “We’re delighted to be in business with Brint and his team and look forward to the years ahead.”
Onex invested $86 million of equity as a limited partner in Onex Partners IV. Onex expects to begin accruing fees on Onex Partners V, a $7.15 billion fund raised in 2017, once its previously announced acquisition of KidsFoundation closes later this year.
BofA Merrill Lynch acted as financial advisor and Fried, Frank, Harris, Shriver & Jacobson LLP acted as legal advisor to Onex. Baker & McKenzie LLP acted as legal advisor to Ryan.

About Onex
Onex is one of the oldest and most successful private equity firms. Through its Onex Partners and ONCAP private equity funds, Onex acquires and builds high-quality businesses in partnership with talented management teams. At Onex Credit, Onex manages and invests in leveraged loans, collateralized loan obligations and other credit securities. Onex has more than $33 billion of assets under management, including $6.8 billion of Onex proprietary capital, in private equity and credit securities. With offices in Toronto, New York, New Jersey and London, Onex and the team are collectively the largest investors across Onex’ platforms.
Onex’ businesses have assets of $48 billion, generate annual revenues of $31 billion and employ approximately 211,000 people worldwide. Onex shares trade on the Toronto Stock Exchange under the stock symbol ONEX. For more information on Onex, visit its website at www.onex.com. Onex’ security filings can also be accessed at www.sedar.com.

About Ryan
Ryan, an award-winning global tax services and software provider, is the largest Firm in the world dedicated exclusively to business taxes. With global headquarters in Dallas, Texas, the Firm provides an integrated suite of federal, state, local, and international tax services on a multi-jurisdictional basis, including tax recovery, consulting, advocacy, compliance, and technology services. Ryan is a six-time recipient of the International Service Excellence Award from the Customer Service Institute of America (CSIA) for its commitment to world-class client service. Empowered by the dynamic myRyan work environment, which is widely recognized as the most innovative in the tax services industry, Ryan’s multi-disciplinary team of more than 2,200 professionals and associates serves over 14,000 clients in more than 50 countries, including many of the world’s most prominent Global 5000 companies. “Ryan” and “Firm” refer to the global organizational network and may refer to one or more of the member firms of Ryan International, each of which is a separate legal entity. For more information on Ryan, visit its website at www.ryan.com.

This news release may contain forward-looking statements that are based on Onex and Ryan management’s current expectations and are subject to known and unknown uncertainties and risks, which could cause actual results to differ materially from those contemplated or implied by such forward-looking statements. Onex and Ryan are under no obligation to update any forward-looking statements contained herein should material facts change due to new information, future events or otherwise.

Onex
Emilie Blouin
Director, Investor Relations
+1.416.362.7711
Ryan
Patty Sullivan
Director, Communications
+1.469.399.4721 or patty.sullivan@ryan.com

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KKR Completes Acquisition of BMC Software

KKR

HOUSTON, Oct. 2, 2018 /PRNewswire/ — BMC, a global leader in IT solutions for the digital enterprise, today announced the completion of the acquisition of BMC by KKR, a leading global investment firm. The company was acquired from a private investor group led by Bain Capital Private Equity and Golden Gate Capital together with GIC, Insight Venture Partners, and Elliott Management.  The terms of the agreement, which was previously announcedin May 2018, were not disclosed.

“As we embark on our next chapter with KKR, BMC continues to provide our customers with transformational solutions that help them manage and optimize information technology across cloud, hybrid, on-premise, and mainframe environments,” said Peter Leav, President and Chief Executive Officer of BMC. “With KKR’s support, and the strength of BMC’s world-class team, we will continue to grow and invest in our future as we drive innovation and results, and meet the changing needs of our customers and the marketplace. BMC is well-positioned for future growth and success.”

Headquartered in Houston, BMC Software serves more than 10,000 customers worldwide, including 92% of the Forbes Global 100. Since 1980, BMC has consistently expanded its scope alongside constantly evolving IT markets to address the ever-changing needs of the global enterprise. This year, BMC was recognized as one of America’s best employers for the third consecutive year by Forbes.

About BMC 
BMC helps customers run and reinvent their businesses with open, scalable, and modular solutions to complex IT problems. Bringing both unmatched experience in optimization and limitless passion for innovation to technologies from mainframe to mobile to cloud and beyond, BMC helps more than 10,000 customers worldwide reinvent, grow, and build for the future success of their enterprises, including 92 of the Forbes Global 100.

BMC—the multi-cloud management company. www.bmc.com

BMC – The Multi-Cloud Management Company
BMC, BMC Software, and the BMC logo are the exclusive properties of BMC Software Inc., are registered or pending registration with the U.S. Patent and Trademark Office, and may be registered or pending registration in other countries. All other BMC trademarks, service marks, and logos may be registered or pending registration in the U.S. or in other countries. All other trademarks or registered trademarks are the property of their respective owners. ©Copyright 2018 BMC Software, Inc.

About KKR
KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate and credit, with strategic manager partnerships that manage hedge funds. KKR aims to generate attractive investment returns for its fund investors by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation with KKR portfolio companies. KKR invests its own capital alongside the capital it manages for fund investors and provides financing solutions and investment opportunities through its capital markets business. References to KKR’s investments may include the activities of its sponsored funds. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.

Editorial contacts:
Sheila Watson
BMC
D: 713.918.8832
M: 713.294.6818
sheila_watson@bmc.com

Kristi Huller or Samantha Norquist
KKR
D: 212.750.8300
media@kkr.com

BMCLogo

 

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Segulah V L.P. acquires Swedish colocation business

Segula

Segulah V L.P. acquires Swedish colocation business

Segulah V L.P. has entered into an agreement to acquire Sungard Availability Services’ Swedish business. The transaction was completed on September 28, 2018. Going forward, the business will operate under the new corporate name Conapto.

Conapto operates two data centers and one recovery site in the Stockholm area. The Company can trace its heritage back to 1982 when the first data center was set up and operated under the name Backupcentralen. Since then, the business has developed from primarily offering disaster recovery services to focusing on premium colocation services and offering related solutions such as connectivity and cloud access.

Segulah will appoint Ulf Engerby (Chairman) and Ann Hellenius as directors of the board. Ulf has significant experience from the IT infrastructure and cloud outsourcing market as co-founder and former owner of Qbranch. Ann, incoming CIO at Scandic Hotels, has extensive knowledge of digital transformation in both the private and public sectors.

Håkan Björklund will join Conapto as CEO. Håkan has previously spent almost eleven years at Sungard Availability Services’ Swedish business, most recently as Head of operations until June 2017.

“I look forward to working together with Segulah to grow Conapto and develop the business for our customers. We will create a platform for our clients where they can meet the IT needs of tomorrow, and be a natural step in their migration to the cloud”, says Håkan Björklund, new CEO at Conapto.

“We are excited about the prospects of investing in further developing and expanding the Conapto business together with an experienced team and competent board. Conapto is a high quality colocation operator in its segment with multiple avenues for further growth in a rapidly changing IT environment”, says Percy Calissendorff, Partner at Segulah Advisor AB.

 

The acquisition is the seventh investment for Segulah V L.P.

 

For further information, please visit www.conapto.se, www.segulah.com or contact:

Håkan Björklund, CEO, Conapto, +46 70 559 07 86

Percy Calissendorff, Partner, Segulah Advisor AB, +46 73 347 62 81

Johan Möllerström, Investment Manager, Segulah Advisor AB, +46 72 543 79 11

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GP Bullhound advises Extenda on its sale to STG Partners

Gp Bullhound

GP Bullhound acted as exclusive financial advisor to Extenda Holding AB on its sale to STG Partners, the California based private equity firm focused on investing in innovative software, data, and analytics companies
Extenda is one of Europe’s leading providers of Point of Sale software to tier 1 retailers. Extenda’s product range includes omni-channel solutions, self-scanning and self-checkout, mobile POS and e-commerce integrations. STG Partners has also signed an agreement to acquire Visma Retail from The Visma Group, and will merge Extenda and Visma Retail to form Extenda Retail.

Håkan Valberg, CEO of Extenda commented: “This merger is a perfect match in terms of complementary solutions, geographic coverage, delivery capabilities and organisational culture, all backed by one of the most respected investors in the market. We can push ahead with our growth plans for the new organisation with great confidence. GP Bullhound has been a great advisory partner and their global reach, software industry expertise and execution capabilities proved invaluable in delivering this transaction for us.”

Carl Wessberg, Executive Director at GP Bullhound, commented: “It has been a pleasure to work with Extenda. We are convinced that we have found a great partner for Extenda in STG Partners, and that the combination of Extenda and Visma Retail into Extenda Retail will form a compelling offering.”

This is GP Bullhound’s 16th transaction in 2018, and the firm’s 8th deal completed in the Nordics in the last 20 months including the recent sale of Solita to Apax Digital, the sale of The North Alliance to Norvestor, and the sale of Icomera to Engie Ineo, among others.

Enquiries
For enquiries please contact: Carl Wessberg, Executive Director, at carl.wessberg@gpbullhound.com, or Johannes Åkermark, Vice President, at johannes.akermark@gpbullhound.com.

About GP Bullhound
GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the world’s best entrepreneurs and founders. Founded in 1999, the firm today has offices in London, San Francisco, Stockholm, Berlin, Manchester, Paris, Hong Kong, Madrid and New York. For more information, please visit www.gpbullhound.com, or follow on Twitter @GPBullhound.
Dealmakers in Technology

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