Tag Archives: Information technology

EQT invests in China Shine, a fast-growing facility management service provider

eqt

  • EQT Mid Market Asia acquires a 40% stake in China Shine, a fast-growing facility management service provider with a focus on the Chinese market
  • The strategy is to support Shine’s continued growth and development of a broader service scope, as well as further geographical expansion, to become a national integrated facility management service platform
  • EQT is partnering with the current management of Shine, which remains as majority shareholders and will continue to drive the growth strategy

The EQT Mid Market Asia III fund (or “EQT Mid Market Asia”) has acquired a 40% stake in China Shine (Cayman) Co. Ltd. (“Shine” or the “Company”) from the current management shareholders. Shine’s management team will, under the joint leadership of Jack Zhou, CEO and Chairman, Sally Wu, COO and Alan Pang, General Manager, continue to lead and drive growth and development of the Company.

Founded in 2016 in Shanghai, Shine offers general cleaning, support, building maintenance, security and integrated facility management services across China. The two-year-old company is on track to achieve annual sales of RMB 200 million (USD 30 million) in 2018. Under the leadership of the current management team, which possesses more than 20 years of industry experience, Shine has demonstrated remarkable growth since inception and is today a fast-growing facility management service provider with a stable customer base.

With a strong management team and support from EQT’s industrial network and previous experience within facility management, Shine is well-positioned to capture the attractive growth opportunities in the under-penetrated and highly fragmented facility management market in China. The strategy includes continued growth, both organically and through add-on acquisitions, and development of a broader service scope as well as further geographical expansion, with the ambition to become a fully-integrated national facility management service platform.

Shine has also announced the strategic alliance with Shanghai East Asia Hong’An Cleaning Service Co. Ltd., a company focusing on Shanghai’s prime commercial and office building vertical.

Jack Zhou, CEO and Chairman of Shine, says: “We are excited to work together with EQT and further develop Shine into an integrated facility management service platform. With its industrial and operational growth-focused approach, EQT is the ideal partner for Shine”.

Martin Mok, Partner, Head of EQT Mid Market Asia and Investment Advisor to EQT Mid Market Asia III, concludes: “We are impressed by the management’s vision, vast industry experience and entrepreneurial spirit. EQT looks forward to the new partnership and the focus going forward will be on geographical and service scope expansion, while maintaining high service quality and customer satisfaction”.

The parties have agreed not to disclose the transaction value.

Contacts
Martin Mok, Partner, Head of EQT Mid Market Asia and Investment Advisor to EQT Mid Market Asia III. + 852 2971 5877
EQT Press Office +46 8 506 553 34

About EQT
EQT is a leading investment firm with approximately EUR 50 billion in raised capital across 27 funds. EQT funds have portfolio companies in Europe, Asia and the US with total sales of more than EUR 19 billion and approximately 110,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.

More info: www.eqtpartners.com

About Shine
Shine is a fast-growing facility management service provider with a strong cleaning business in Eastern China and across China. The Company also offers support, building maintenance, security and integrated facility management services. Founded recently in 2016, Shine is on track to achieve annual sales of RMB 200 million (USD 30 million) in 2018.

More info: www.zxchinashine.com

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Main Capital acquires healthcare communication SaaS specialist Enovation

Main Capital

Main Capital acquires Enovation, a Dutch market leading player in delivering mission-critical software solutions for secure communication in the healthcare and logistics markets. Selling shareholder, VANAD Group, provider of technology solutions and services related to customer experience will remain involved with Enovation post-acquisition via a minority stake. Enovation is based in Capelle aan den IJssel and delivers leading and innovative SaaS solutions for the Dutch healthcare and logistics markets. Well-known products include the ZorgMail, xdsConnect and myhealthConnect platforms and the healthcare interoperability solution Cloverleaf. Enovation’s products and related services support clients with the secure exchange of patient data within and between healthcare institutions as well as between healthcare professionals and patients. This enables healthcare professionals to deliver high-quality care, leveraging accurate and real-time information.

Enovation was founded in 1983 and has been part of the VANAD Group since 2013. Following its foundation, the company positioned itself as the most specialized software vendor and innovator in the secure healthcare communication domain. Enovation employs approximately 135 employees and generates tens of million euro’s in revenues. Over the years, the company strengthened its product portfolio with new innovative products, acquisitions of strategically interesting products and  complementary partner products. These developments allow Enovation to deliver a one-stop-shop solution enabling clients to securely exchange patient data by leveraging efficient IT integrations. The company is active in practically all healthcare segments and serves almost all Dutch hospitals, ambulance services, general practitioners, pharmacies, dentists, paramedical care providers and municipalities.

The healthcare market is characterized by complex IT systems in which individual participants use different communication standards. This hinders secure and efficient patient data exchange between IT systems of different healthcare institutions and between healthcare practitioners. The recently implemented European privacy regulation accelerates the need for healthcare institutions to implement secure communication solutions. Moreover, cost pressure on healthcare spending have led to an increased focus on efficient cooperation between parties in the healthcare value chain. The products of Enovation enable healthcare institutions and other stakeholders in the healthcare sector to exchange information in a safe and efficient manner, irrespective of the existing IT systems and with maximum protection against data leaks.

Going forward, Enovation will further capitalize on the trend towards Connected Healthcare. The company developed the myhealthConnect product, a hardware-agnostic software platform enabling care providers to monitor patients on distance. One of the benefits associated with myhealthConnect is that healthcare institutions have maximal flexibility in selecting monitoring devices and IT applications from various vendors. This prevents a lock-in while the software allows to securely connect these devices and applications with an organization’s own IT infrastructure. This secure efficiency gain enables high-quality remote care, reducing general practitioner visits and helping patients to live at home longer.

Enovation’s ambition is to grow towards a leading SaaS player in the northwest European healthcare market. The company will focus on realizing further organic growth and on the further development of innovative products. In addition to organic growth, Enovation will strengthen its product proposition and international market position by following a selective buy-and-build strategy.

The VANAD Group was advised by ING Corporate Finance and NautaDutilh.

 

Cooperation Enovation – Main Capital

Arthur Nederlof (CEO VANAD Group): “Over the past 35 years, Enovation has grown to a company associated with a high level of quality, an excellent culture, an exceptional client base, an outstanding (cloud) product portfolio, an increased level of own IP developed innovative software products, ample international growth potential and above all, a passionate team. We believe that Main Capital is the right partner to support Enovation to grow towards the next level. Going forward, the VANAD Group will focus on its Customer Experience propositions, the core activity that the VANAD Group is well-known for. The future looks promising for both Enovation and the VANAD Group”.

Charly Zwemstra (Managing Partner Main Capital): “Enovation offers innovative, mission-critical healthcare solutions facilitating internal- and external information exchange for healthcare institutions. With these solutions, the company facilitates the rising demand for healthcare cooperation. We see ample potential to organically grow within the current focus markets, in which the myhealthConnect and xdsConnect products particularly will play an important role. Additionally, we see ample opportunities for a buy-and-build strategy enabling Enovation to further grow in adjacent product- and market segments in the Netherlands and abroad. We would like to thank the VANAD Group for their trust in Main Capital and look forward to the cooperation with Enovation’s management team, led by Jeroen van Rijswijk and Marcel van der Velden.”

 Enovation

About Enovation

For over 35 years, Enovation is the specialist for secure healthcare communication solutions. The company focuses on facilitating information exchange between- and within healthcare institutions and between healthcare institutions and patients. The company’s product proposition comprises own developed IP solutions complemented with solutions of partners. The solutions are based on (international) standards and can be seamlessly integrated with existing processes and IT systems of healthcare institutions.

About Main Capital

Main Capital is a strategic investor with an exclusive focus on the software sector in the Benelux, Germany and Scandinavia. Within this sector, we are the most specialized party in management buy-outs and later-stage growth capital. Main Capital has approximately € 400 million under management for investments in mature but growing software companies in the Netherlands and Germany. An experienced team of professionals manages these Private Equity funds from offices in The Hague and Düsseldorf. Main Capital has a strong footprint in the healthcare SaaS market and acquired companies like SDB Ayton, Verklizan, RVC Medical IT and The Patient Safety Company before.

The current investment portfolio of Main Capital consists of growing (SaaS) software companies such as GOconnectIT, JobRouter (Germany), Inergy, MUIS Software, artegic (Germany), OBI4wan, Axxerion, b+m Informatik (Germany), Ymor, Roxit, Onguard, Sharewire, SecondFloor, Sofon and ChainPoint. Main Capital also has an interest in managed hosting provider Denit. Main Capital has a long-term perspective with the intention to build larger strong software groups. Main Capital has realized many successful exits such as recently Regas, Connexys (to Bullhorn) and ABIT / EuroSystems. Main Mezzanine Capital is another business line of Main Capital Partners and has provided mezzanine loans to, among others, The Valley, TravelBird, Talkwalker, Worldmeetings and BTC.

About VANAD Group

The VANAD Group is an internationally innovative family business. Over 1500 employees from all over the world work daily on innovative services and solutions for our customers. Over the years since 2005, VANAD Group has developed into a specialist in the field of digitization. Our assets are state-of-the-art technical knowledge, creative intelligence and most of all Happy People! We digitize activities where we cannot make a genuine, personal difference. In our approach and solutions we simply focus on being human. Because that is where we have the opportunity for real impact, human impact!

 

Note for the editor:
For more information, please contact:

Charly Zwemstra (Managing Partner)
Main Capital Partners BV, Paleisstraat 6, 2514 JA, Den Haag
Tel: +31 (0) 70 324 3433 / +31 (0) 6 512 77 805
charly@main.nl
www.main.nl

Arthur Nederlof (CEO)
VANAD Group, Rivium Westlaan 1, 2909 LD Capelle aan den IJssel
Tel: +31 (0) 10 288 1600 / +31 (0) 6 204 14 199
arthur@vanadgroup.com
www.vanadgroup.com

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Industrifonden exits OP5 – acquired by ITRS Group

Industriefonden

We are excited to announce that our portfolio company OP5 has been acquired by ITRS Group, the leading provider of real-time monitoring and analytics for financial services.

OP5 is a global leader in providing IT monitoring and log analysis technology built by enhancing the open source software of Nagios/Naemon and ELK (ElasticSearch, Logstash & Kibana). OP5 addresses the needs of enterprise customers by providing greater scalability, APIs for controlling the software and its configuration, and enhanced visualisation of the data. OP5’s 600+ customers include data centre providers, telecommunications, automotive and financial services.

Industrifonden made an initial investment in OP5 in 2004, together with other shareholders through their part ownership of KTH Seed Capital. OP5 has had a positive development the past years with a strong footprint in the market and a long list of well-known customers, both in Scandinavia and abroad. ITRS acquisition of OP5 also included OP5 Inc., the US subsidiary of OP5.

We strongly believe that the acquisition by ITRS creates excellent opportunities for a continued, positive development of OP5, says Martin Gemvik, Investment Manager at Industrifonden.

For more information on the acquisition: ITRS Group acquires OP5 to expand monitoring & log file analytics offering. 

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TeleComputing acquires Swedish IT-company Excanto

ik-investment-partners

TeleComputing, a leading provider of centralised IT operations, outsourcing and system integration in the Nordic SME market, has acquired Excanto. Excanto is an industry leader in IT-solutions for real estate in Sweden, providing  swift access to the internet through its own fiber networks, and offering secure and high-speed infrastructure.

TeleComputing was acquired by the IK VII Fund in March 2016.

For more information, please see www.telecomputing.no 

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Nordic Capital acquires Macrobond – one of the leading providers of macroeconomic analytical solutions

Nordic Capital

Nordic Capital will support Macrobond in its vision to become the global platform of choice for people working in financial and economic research.Nordic Capital acquires Macrobond - one of the leading providers of macroeconomic analytical solutions Image

Nordic Capital Fund IX announces its acquisition of Macrobond, one of the world’s leading providers of research systems and macroeconomic and financial time series data from primary and third-party sources. Nordic Capital will support Macrobond on its growth journey and will invest to further strengthen the company’s market position. The company’s management team and also founders are reinvesting alongside Nordic Capital. This acquisition is the fifth investment by Nordic Capital’s latest fund, Fund IX, and builds on Nordic Capital’s recognised expertise and outstanding track record in the fintech sector.

Macrobond was founded in 2008 in Malmö, Sweden, with the intention of developing a better way for people to perform economic and financial research. Today, customers include central banks, investment banks, hedge funds, corporates, asset managers and universities. The company is well-positioned in an attractive segment of the global information services market, which is experiencing growth driven by strong industry trends such as productivity, user friendliness and integrated solutions. Macrobond has 156 employees, of which 90 are employed in data acquisition and development teams and offices in Europe, Asia, and the United States.

The company has developed a global and scalable SaaS application that offers an extensive database of macroeconomic and financial time series data coupled with powerful and dynamic analysis and charting tools. The application enables users to access and navigate time-series data and to mine data faster, automate repetitive tasks and simplify the workflow.

“Nordic Capital is one of the most prominent and experienced investors in the fintech sector in the Nordic region and therefore the ideal partner to continue supporting Macrobond’s growth strategy. With our unique database, tailored access and applications, they will support us as we continue to realise our vision to become the platform of choice for people working in financial and economic research worldwide,” says Tomas Liljeborg, CEO, Macrobond.

“The demand of financial big data analysis and visualisation is increasing continuously and Macrobond’s management team has an outstanding proven track record in financial software analytics. We look forward to working with them to expand Macrobond’s offering and its leadership as the platform of choice. With our long-term experience of accelerating growth in companies, we are confident that Nordic Capital is a great partner to support Macrobond on its growth journey,” says Fredrik Näslund, Partner at the Advisor to the Nordic Capital Funds.

The parties have agreed to not disclose the financial details of the transaction.

Nordic Capital was advised by a group of leading international advisory firms including Arma Partners and KPMG.

 

Media contacts:

 

Nordic Capital

Elin Ljung, Director of Communication and Sustainability
Advisor to the Nordic Capital Funds
Tel: +46 8 440 50 50
e-mail: elin.ljung@nordiccapital.com

Macrobond

Tomas Liljeborg, CEO
Tel: + 46 40 693 1709
e-mail: tomas.liljeborg@macrobond.com

 

About Macrobond:

Macrobond Financial is a young and rapidly expanding, international company with offices in Europe, Asia, and the United States. Its flagship product, the Macrobond application, is a single platform that combines an extensive macroeconomic and financial database with easy-to-use tools for analysis and smart data visualisation.

The application gives users access to a continuously maintained and updated global database. Data is procured from primary sources such as central banks, statistical agencies, and regulatory agencies as well as international sources such as OECD and IMF. This integrated research solution allows users to go from selecting data to immediately applying a broad range of analyses in a way that is both easy to work with and facilitates customization and full control. With the built-in charting, presentation and online-publishing tools users can deliver professional -looking charts and reports with minimal input and time, and minimize the tasks associated with maintaining and updating publications. Macrobond’s clients are professionals from both small and large private companies, organisations, and governmental institutions around the world. For further information about Macrobond please visit www.macrobond.com

 

About Nordic Capital

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

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Teamleader raises $22 million in Series-C funding round

Fortino Capital

Teamleader, known for its SaaS platform for CRM, project management and invoicing, announced today that it has closed a Series C funding round of $ 22 million (18,5M EUR). The company will use the new capital to sustain its international growth and accelerate its product roadmap. This growth will come from increasing the adoption of Teamleader among SMEs, its primary target clientele. An important growth driver will be the Marketplace of the software, which will be further expanded and localized to reach 1.000 integrations.

The Series C round was led by a new investor, London-based Keen Venture Partners. Existing investor Fortino Capital & Sage Capital, which led Teamleaders A and B Series, and new investor PMV also joined the round. Alexander Ribbink, General Partner of Keen Venture Partners: “Teamleader had been on our radar for a while now. Their track record up until now is impressive, and we admire the entire team’s drive. Keen VP will back up its financial support with human capital, providing expertise and access to our network wherever and whenever we can.”

Multiple international investors are a good sign, according to Teamleader CEO Jeroen De Wit: “The fact that we gathered this substantial amount from multiple international venture capitalists is a major vote of confidence for Teamleader as a company, and proof of the international traction this company has been gaining.”

“SMEs are no longer afraid of digitization”

Software scale-up Teamleader was founded 6 years ago. It has since completed Series A and B funding rounds. Across all rounds, a total of €14 million was invested into the software scale-up. Today, Teamleader serves nearly 10,000 customers in 6 countries, mostly small and medium-sized enterprises. They use Teamleader for CRM purposes and digitized project management and invoicing. In 2017, Teamleader users issued 1.4 million invoices for a total amount of almost € 2.5 billion. According to CEO De Wit, the capital raise will allow Teamleader to continue increasing the added value of its software for SMEs: “SMEs are no longer afraid of digitization, and are using more and more business software to their advantage. These tools need to work side by side as one, in integrated systems, for SMEs to get maximum value out of them. That’s why we continue to invest in our Marketplace, which offers integrations with many different tools that can work seamlessly together with Teamleader.”

1,000 apps in the Teamleader Marketplace

Teamleader’s growth is surfing on the rise of SMEs in Europe, over 23 million in Europe. They represent a continuously increasing share of the economy, as SMEs’ value added to the EU economy is expected to rise by 3.8 % in 2018. Generally, European SMEs are predicted to outperform large non-financial corporations. Teamleader is working hard to localize its platform, to meet the needs of their target customers in different geographic markets. This means, among other things, investing in a Marketplace where users can find their favorite cloud applications, that they can use in combination with Teamleader. The Teamleader Marketplace includes ‘local’ apps that are popular in specific European markets. Last May, Teamleader launched an ‘Integration Fund’ of 1M EUR for developers to integrate with the platform – to which already 80 developers applied and the marketing place has currently close to 200 integrations.

Accelerating the product roadmap

Teamleader’s product & engineering teams are expected to double in size by next year to accelerate the product roadmap. Teamleader will double down on multi-local approach, and will finetune the product for country-specific needs. Duco Sickinghe, Chairman of Teamleader and managing partner, Fortino Capital: “Fortino likes to invest in exceptional leadership teams that have the ambition to transform entire industries. With Teamleader, we saw the potential very early on, and we strongly believe in it. We look forward to see Teamleader continue its impressive growth trajectory – and ultimately, to see it transform the way European SMEs work.”

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Onex Completes Investment in PowerSchool –

Onex

Toronto, August 1, 2018 – Onex Corporation (“Onex”) (TSX: ONEX) today announced it has
completed an investment in PowerSchool Group LLC (“PowerSchool”), the leading education
technology platform for K-12 schools. Vista Equity Partners is an equal equity partner with
Onex. Onex’ investment was made by Onex Partners IV, its $5.7 billion fund.

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
$32 billion of assets under management, including $6.7 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 $49 billion, generate annual revenues of $31 billion and employ
approximately 207,000 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.

This news release may contain forward-looking statements that are based on 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 is under no obligation to update any forward-looking
statements contained herein should material facts change due to new information, future events
or otherwise.

For further information:
Emilie Blouin
Director, Investor Relations
Tel: 416.362.7711

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KPN Ventures leads investment in cyber security startup ZecOps

Kpn Ventures

ROTTERDAM, July 31, 2018 – Dutch corporate investment fund KPN Ventures announced today it has participated as lead investor in the $3.5m seed round of ZecOps, a cyber security startup based in San Francisco and Tel Aviv, focusing on automated threat analysis.

ZecOps seed round is supplemented by an investment from Evolution Equity Partners, a fund that specializes in cybersecurity, Plug and Play Silicon Valley, WISE Ventures, Array Ventures, and respected angel investors.

ZecOps was started in July 2017 by Zuk Avraham together with his wife & co-founder, Taly Slachevsky. ZecOps is Avraham’s second entrepreneurial journey. He founded his first company, Zimperium, in 2010, where he currently serves as its Chairman of the Board. Zimperium is the leading mobile threat defense solution on the market.

ZecOps products gained high traction during its first year, while still in stealth-mode, with well-known customers from the technology, finance and telecom segments. ZecOps is working with law enforcement agencies, banks, critical infrastructure, tech, payment solutions and telcos to solve major pain points in cyber security.

“Through KPN’s cooperation with Zimperium, We have got to know Zuk as a clear thought leader in cyber security” said Herman Kienhuis, EVP and Managing Director at KPN Ventures.“With ZecOps, he is taking on a new challenge: automating security breach analysis; we see great potential in enabling more companies to learn from attacks, generate new threat intelligence and substantially improve their security.”

Michal Pechoucek, Partner at Evolution Equity Partners, adds: “Increased efficiencies gained from automation in security operations is an important area in cybersecurity where Zecops have developed cutting edge technology. We believe the attributes of the Zecops technology are unique and provide the company with a cutting-edge advantage in the global marketplace. We welcome Zecops and its team of seasoned cybersecurity professionals to our portfolio.”

“We are extremely excited to welcome ZecOps into our family.  Out of the hundreds of cybersecurity startups we analyzed this year, ZecOps stood out as one of the most exciting,” says George Damouny, Partner at Plug and Play Ventures. “With their strong team and expertise in the cybersecurity space, we have high expectations for ZecOps as they continue to revolutionize the Security Operations market.”

Following this seed round investment, ZecOps will launch its products for general availability to help organizations hunt down attackers’ mistakes effectively.

“We were surprised with the overwhelming demand for our products. It can be exceedingly difficult to innovate in a crowded market like the cyber security space – but we were able to do it effectively. Consequently, the reactions from CISOs around the globe made our efforts worthwhile,” said Mr. Avraham. “In the last year, we detected multiple APTs for a variety of businesses, a rare achievement especially for a one year old company”.

About ZecOps, Inc.
ZecOps is a stealth mode cybersecurity automation company headquartered in San Francisco, California with R&D based in Tel Aviv, Israel. ZecOps learns from attackers’ mistakes with the goal of discovering the course of action and objectives of entire campaign, burn the threat actors exploits & persistence mechanisms and increase the attacker’s campaign costs for targeting a ZecOps protected company. To contact ZecOps, visit https://www.zecops.com. For press inquiries: mail ZecOps PR at media@zecops.com

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Genstar Capital Announces Agreement to Sell Accruent to Fortive Corporation for $2.0 Billion in Cash

Record Bookings, Nine Acquisitions, and Established European Presence Over Two-Year Investment Positions Accruent as Leading Global Facilities Management Platform

SAN FRANCISCO, July 31, 2018 – Genstar Capital, a leading private equity firm focused on investments in targeted segments of the software, industrial technology, healthcare, and financial services industries, today announced the signing of a definitive agreement to sell Accruent, the world’s leading provider of physical resource management solutions, to Fortive Corporation (“Fortive”) (NYSE: FTV) for $2.0 billion.

Accruent is a global software company that helps organizations achieve superior performance by transforming how they manage their physical resources.  Accruent employs over 1,100 employees and its solutions are used by more than 10,000 global customers across a wide range of industries.  It has experienced strong international revenue growth with 20 percent of Accruent’s revenue coming from global markets, fueled by a strong business partner network spanning more than 150 countries.

“We are proud of the platform that Accruent built to unlock the market potential of Facilities Management software.  Genstar is pleased to have guided the company through strong growth and we are excited to see the continued success of Accruent as part of Fortive,” said Eli Weiss, Managing Director of Genstar.  “This transaction continues what is a very active year for Genstar as we continue to invest in compelling new platform companies and realize exceptional value from our investments.”

John Borgerding, Chief Executive Officer of Accruent, said, “We couldn’t be more excited to be a part of Fortive for the next chapter of Accruent’s growth.  We appreciate Genstar’s outstanding partnership.  Genstar has been deeply involved in defining our strategy, driving organic growth, and creating value for employees, customers, and shareholders.  Under Genstar’s watch, the company has doubled in revenue, acquired nine companies, and rapidly expanded international growth.”

Accruent was founded in 1995 by founder and chairman, Mark Friedman.  Friedman established the company’s strategy to address the second largest expense for all organizations – namely, real estate, facilities and physical assets.  Globally, organizations spend trillions of dollars on these assets, and the breadth and complexity of managing them requires software like Accruent’s to reduce mistakes and inefficiencies.  The total addressable market for these solutions has grown in excess of $7 billion.  “I am proud to have been a part of Accruent’s growth and helping customers solve mission critical problems,” added founder Mark Friedman.

Lazard served as financial advisor and Irell & Manella as lead legal counsel to Accruent.

About Genstar Capital

Genstar Capital (www.gencap.com) is a leading private equity firm that has been actively investing in high quality companies for 30 years.  Based in San Francisco, Genstar works in partnership with its management teams and its network of strategic advisors to transform its portfolio companies into industry-leading businesses. Genstar currently has approximately $10 billion of assets under management and targets investments focused on targeted segments of the software, industrial technology, healthcare, and financial services industries.

###

Contact: Chris Tofalli
Chris Tofalli Public Relations
914-834-4334

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DN Capital News Happeo, the all-in-one digital workplace platform has raised a late seed round of $8 Million

DN Capital

Helsinki, Finland, 07/24/2018. Finnish software startup Happeo announced today that it has raised $8M from leading international investors including DN Capital (UK/Silicon Valley), Maki.vc (Helsinki), and Vendep Capital (Helsinki). View the original press release from Happeo here: https://www.happeo.com/blog/press-release-8mil-funding

Internal Communicators in enterprise and fast-growing companies are struggling to connect a diverse workforce over locations and generations. Departmental silos, the absence of effective knowledge sharing, and an overflow of tools used to communicate and collaborate often results in low employee productivity and engagement.

The Happeo SaaS platform is solving these challenges by bringing together the software that organizations use daily into one unified platform, allowing employees not only to connect and collaborate in new ways, but also to work more efficiently. Since officially launching its platform in 2017, Happeo (formerly Universe) has been nominated as one of the most promising startups by the European Union, and today already more than 220,000 employees are working with the Happeo digital workplace.

“Traditional employee intranets are dead, because they host static and often outdated information in isolation, offering no value to the employee,” says Perttu Ojansuu, Co-Founder and CEO of Happeo. “Happeo is providing organizations with a totally integrated digital workplace, serving as a central hub for employees to access company resources, collaborate, and connect with each other. This massively improves employee experience and drives our clients’ growth.“

By integrating seamlessly with leading enterprise collaboration tools, Happeo brings together essential tools: calendar, files, conferencing, and projects, even CRM and HR-systems – in one digital workplace. The platform is enriched with knowledge sharing and social networking features directly driving engagement, productivity and an enjoyable employee experience.

UK/Silicon Valley based international venture fund, DN Capital, joins the round with Finnish investors Maki.vc and Vendep who has former success from backing companies disrupting traditional industries in SaaS. The additional capital will be used by Happeo to expand upon its rich suite of integrations, making it possible to launch Linkedin, Google Chat and Slack this quarter. The funding will also be used to expand the global presence of the company, following the opening of its Amsterdam office earlier this year.

“Happeo’s core team possesses a world-class understanding of the enterprise software market, client needs and the shortcomings of the existing tools. Happeo brings together work efficiency, information availability and company culture in a way that makes the traditional intranets and enterprise collaboration tools look and feel hopelessly cumbersome and archaic,” says Pirkka Palomäki from Maki.vc.

“We look forward to working together with Perttu, Vesa and Antero to accelerate Happeo’s growth and help one more Finnish SaaS company to conquer the world. The founding team has worked together successfully for a long time, and based on their proven track record and backed by the raised funds, the company is now ready to step up its growth,” says Hannu Kytölä from Vendep Capital.

“By bringing together enterprise CMS, social intranet and collaboration in a single platform, Happeo has created a solution that will be critical to the digital workplace of the future. We are delighted to join Maki.vc and Vendep in Happeo’s first institutional funding round,” says Steve Schlenker from DN Capital.

About Happeo

Happeo is the leading all-in-one digital workplace platform that empowers internal communicators to connect with employees in entirely new ways. The platform brings together intranet, collaboration, and social networking into one unified solution.

Large enterprises and fast-growing organizations, such as Randstad Sourceright and Groupe Chantelle, use Happeo to reach, engage, and listen to more than 220,000 employees worldwide to create a seamless employee experience.

Our mission is to accelerate growth from within for our clients. We believe business success today depends entirely on talent and a company’s ability to overcome silos. Happeo brings together a diverse workforce across generations, locations and time zones.

To learn more about Happeo’s software visit https://www.happeo.com.

About DN Capital

DN Capital is an early stage and growth capital investor focused on Seed, Series A and select Series B investments in marketplaces, fintech, SaaS, digital media, e-commerce, mobile applications and digital health companies. The firm was founded in 2000 and has operations in London, Berlin and Silicon Valley. DN Capital’s previous funds are top performers and the firm is one of the lead investors in companies such as Endeca (Oracle), Shazam (Apple), Auto1 (Europe’s largest used car marketplace), Purplebricks (AIM:PURP) and Quandoo (Recruit). The DN Capital team bring over 75 years of private equity experience to their investments, and actively work with portfolio companies to steward their growth through the various stages of development. Find out more at www.dncapital.com.

For further information
Celia Viguier
Investor Relations
DN Capital
celia@dncapital.com

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