Tag Archives: Software

EcoOnline announces acquisition of Ecometrica, a Leader in Climate Metrics and ESG Software

Apax

EcoOnline, a leading EHS and ESG software provider, today announced it has signed a definitive agreement to acquire Ecometrica, a global ESG and Sustainability software leader. This strategic acquisition increases EcoOnline’s presence in the ESG market and further enhances the company’s existing platform capabilities, solidifying its position as an ESG software market leader across Europe, the UK, and North America. Together, EcoOnline and Ecometrica will deliver a broad ESG solution with strong capabilities in Carbon Accounting, ESG Framework reporting, Climate Risk, Environmental Compliance and more, enabling companies to systematically work to reduce their environmental footprint and comply with existing and future regulations.

Chris Joseph, Chairman of EcoOnline says, “The acquisition of Ecometrica provides a robust addition to our suite of solutions at EcoOnline. We know EHS data plays a critical role in ESG performance reporting, and many organisations currently struggle to bring a unified data strategy together. Our goal is to offer a holistic approach to ESG management, providing our clients with comprehensive solutions to manage, report, and deliver healthier, safer, and more responsible business.”

Dr Richard Tipper MBE, Chairman and Co-Founder of Ecometrica says, “We were immediately struck by the complementary nature of the EcoOnline and Ecometrica product suites. The combined entity will have an unrivalled depth and breadth of service offerings on health, safety, and ESG to bring the best-in-class sustainability reporting to the EcoOnline product suite. This comes at an ideal time for regulations coming into place in North America and Europe.”

Ecometrica is a market-leading sustainability software company that has been offering best-in-class climate accounting and reporting solutions since 2008, enabling companies to comply with the latest legislation. The Ecometrica Platform was built from the ground up by subject-matter experts who have delivered thousands of assessments and contributed to making the practice of greenhouse gas accounting the robust mission-critical practice it is today. Its modules cover a range of metrics including GHG emissions, ESG, TCFD, deforestation and biodiversity. Ecometrica’s platform delivers robust, accurate and transparent climate accounting and is considered by many to be the gold-standard of reporting.

David Metcalfe, CEO of Verdantix says, “Demand for ESG reporting and workflows is surging on a global basis. Global spend on ESG reporting software is set to surge from $1.4 billion in 2023 to $4.3 billion in 2027. EcoOnline’s acquisition of ESG and climate software solution, Ecometrica, underscores EcoOnline’s commitment to these important trends and increasing buyer focus on the nexus of EHS and ESG.”

Integrating Ecometrica with EcoOnline’s EHS and ESG will provide organisations with an increased ability to manage and leverage the data spread broadly across sustainability, employee health and safety and environmental compliance programs. This acquisition is a key step in EcoOnline’s journey to build a leading global software vendor dedicated to the mission of protecting our people and the environment.

-ENDS-

About EcoOnline:
EcoOnline is a leading Environmental, Health, Safety, and Quality (EHSQ) software solutions provider. For over two decades, EcoOnline has been dedicated to making workplaces safer by providing organisations of all sizes with user-friendly EHSQ software that creates engagement and operational excellence.
By developing user-friendly digital software that improves the flow of information and streamlines all documentation needed to reduce risks due to factors in the workplace, EcoOnline’s solutions solve real challenges with severe impact. Through a comprehensive platform that extracts and analyses intelligent business data, all organisations can drive efficiency while safeguarding their workforce, customers, the environment, and company reputation.
Today, EcoOnline helps 10,000 customers in over 80 industries to effectively spot risks and incidents, take corrective actions and protect employees, contractors, customers, the public, and the environment.
Supported by 900+ purpose-driven employees based in Norway, Sweden, Denmark, Finland, Germany, Ireland, the UK, the US, Canada, and New Zealand, EcoOnline enables companies to create healthier, safer, and more sustainable workplaces.

About Ecometrica
Established in 2008, Ecometrica provides the most rigorous, audit ready, yet simple to use GHG (greenhouse gas) accounting and climate risk software, enabling companies to accurately monitor their global climate impact and comply with legislation. In addition, Ecometrica tracks the impact and resilience of supply chains to monitor natural resources around the world, and as such, are CDP’s only gold partner across climate, forests and water. With offices in the UK and North America, their software has been used by numerous globally renowned companies as well as governments.

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Oiva Health Group acquires eHealth software provider, Movendos

Main Capital Partners

Oiva Health Group, formerly VideoVisit, strengthens its market position with the acquisition of Finnish eHealth software provider, Movendos.

Software provider for virtual healthcare, Oiva Health Group, formerly VideoVisit, is on course for growth and strengthens its market position with the acquisition of Finnish eHealth software provider, Movendos. This move marks the second acquisition since the partnership with Main Capital Partners in March 2022. Prior to Movendos, Oiva Health Group acquired Danish telehealth software provider Applikator in May of this year, the first step in the group’s internationalization journey. The strategic acquisition of Movendos brings Oiva Health Group another step closer to becoming a leading provider of software services for virtual healthcare and digital clinics in Northwestern Europe.

Movendos is a Finnish eHealth company headquartered in Tampere, which offers solutions for remote appointments and communication, appointment bookings, health screening and surveys, remote coaching tools and a collaboration portal. The company has established a strong position in the Finnish private sector with customers consisting mainly of private clinics and occupational healthcare providers. For over a decade, Movendos has been servicing clients within the healthcare market, such as Helsinki city Occupational Health, Pirte and Pihlajalinna.

With the acquisition of Movendos, Oiva Health Group will be able to further strengthen its position in Finland while expanding its product offering, becoming a more comprehensive eHealth provider with a stronger value proposition. The combination creates cross-sell opportunities between both companies’ customer bases as well as a stronger player particularly in public procurement processes. Due to their complementary solutions, the companies already collaborate on tendering processes. Oiva Health Group strives to continuously increase added value for its customers. Both in its organic growth strategy and in its buy-and-build approach, the company aims to strategically strengthen its product offering and market position, to further position itself as a leading software provider for virtual health care and digital clinics in Northwestern Europe.

Arto Leppisaari, CEO of Movendos, comments: “We are excited to join forces with Oiva Health and confident that together we can create significant value for both companies and our customers. There are great synergies between both companies and we see the combination with Oiva Health as a natural development in our collective journey towards expanding our joint product offering, which provides our customers with digitalized and efficient healthcare.”

Juhana Ojala, CEO of Oiva Health Group, adds: “Joining forces with Movendos is a strategically important step for Oiva Health. This combination allows us to expand our Digital Clinic product suite, especially in the primary care, hospital care and social care segments. We are able to offer our customers a robust, white-labeled online patient portal with fully integrated patient communication features. After the successful healthcare reform in Finland, the new Finnish welfare regions are specifically looking for this kind of advanced digital clinic platform to direct healthcare services online. I am extremely happy to welcome the whole Movendos team into the Oiva Health group!”

Wessel Ploegmakers, Partner at Main Capital Partners, concludes: “Since the partnership with Oiva Health Group in March 2022, we have worked towards building a stronger and more sustainable group and have since then seen tremendous growth. The combination will strengthen the group’s international foothold within the Virtual Care market and increase added value for its customers. We will continue to support the group’s growth trajectory and look forward to witnessing their milestones along the way.”

We will continue to support the group’s growth trajectory and look forward to witnessing their milestones along the way.

– Wessel Ploegmakers, Partner and co-Head of the Nordics office at Main

About

Movendos

Movendos, founded in 2012, is a Finnish eHealth company headquartered in Tampere, which offers solutions for remote appointments and communication, appointment bookings, health screening and surveys, remote coaching tools and a collaboration portal. The company has established a strong position in the Finnish private sector with customers consisting mainly of private clinics and occupational healthcare providers. The company employs 11 FTEs.s.

Oiva Health Group

Oiva Health, formerly VideoVisit, is the leading Virtual Care provider in the Nordics, offering a comprehensive Digital Platform for integrated health and care services to digitalize primary healthcare, social care, hospital healthcare and long-term care services. The company was founded in 2010 and currently employs 60 experts in both Finland and Denmark, serving domestic customers and partners, such as City of Helsinki, Pirkanmaa Welfare Region, Länsi-Uusimaa Welfare Region in Finland and Viborg municipality in Denmark with its Virtual Care platform. This platform has been designed in cooperation with healthcare professionals from both healthcare and social care sectors. Oiva Health platform is not only designed for healthcare services: it also connects professionals and care recipients of social care and long-term care on the same digital platform.

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Silver Lake and CPP Investments Complete Acquisition of Qualtrics

Silverlake

Significant new investments from Accel and BDT & MSD Partners underscore Qualtrics’ market opportunity and growth potential

Positions the pioneer and leader in Experience Management for its next chapter of growth at scale

Qualtrics shareholders to receive $18.15 per share in cash

 

PROVO, Utah & SEATTLE – June 28, 2023 – Qualtrics, the leader and creator of the experience management (XM) software category, today announced the completion of its acquisition by Silver Lake, the global leader in technology investing, in partnership with Canada Pension Plan Investment Board (CPP Investments).

Silver Lake and its co-investors, together with CPP Investments, have acquired 100% of the outstanding shares in Qualtrics that Silver Lake does not already own, including the entirety of SAP’s majority ownership interest. With the completion of the transaction, Qualtrics stockholders, including SAP, are entitled to receive $18.15 in cash for each share of Qualtrics common stock they owned. Qualtrics’ common stock has ceased trading on the NASDAQ stock exchange.

“XM has never been more important than it is right now. To be able to go into this next chapter at our size and scale as the leader in experience management— and do it alongside some of the best investors in the world—is a part of the Qualtrics story that no one could have imagined,” said Ryan Smith, Qualtrics Founder and Executive Chairman. “I couldn’t be more excited for this next chapter for Qualtrics.”

“Qualtrics has cemented its position as the leader in experience management, and our AI-powered platform is helping more than 19,000 organizations deliver exceptional experiences and build deep relationships with their customers and employees at scale,” said Qualtrics CEO Zig Serafin. “Silver Lake’s deep understanding of our business and vision for Experience Management, combined with their strategic and operational expertise and the support of our other investors, creates an incredible opportunity for Qualtrics to accelerate our innovation and category leadership.”

“We believe deeply in the incredible opportunity ahead for Qualtrics as they continue to pave the way as the leader in experience management,” said Egon Durban, Co-CEO of Silver Lake. “The leadership team has a powerful vision, and we are excited to continue our partnership with Ryan and Zig alongside the other investors to support Qualtrics as it realizes its full potential as an independent, private company.”

“This is a unique opportunity to invest in a category creator led by a strong management team that is shaping a rapidly growing market,” said Hafiz Lalani, Managing Director and Head of Direct Private Equity at CPP Investments. “We look forward to supporting the Qualtrics team in driving continued innovation as they help clients re-define their customer and employee experiences around the world.”

Accel and BDT & MSD Partners Invest in Qualtrics Alongside
In connection with the close, Accel, a global venture capital firm, as well as BDT & MSD Partners, a merchant bank built to serve the distinct needs of business owners and strategic, long-term investors; and DFO Management, the family investment office of Michael Dell, have joined Silver Lake in investing in Qualtrics. Accel, which was one of Qualtrics’ earliest investors, has invested $500 million. BDT & MSD Partners and DFO Management have each made a co-investment of $250 million, for an aggregate commitment of $500 million.

Advisors

Morgan Stanley & Co. LLC acted as financial advisor to Qualtrics, and Goodwin Procter LLP acted as legal advisor. Goldman Sachs & Co. LLC acted as financial advisor to a Qualtrics committee of independent directors and Freshfields Bruckhaus Deringer US LLP acted as legal advisor. J.P. Morgan acted as financial advisor and Latham & Watkins LLP and Simpson Thacher & Bartlett LLP acted as legal advisors, with regard to the transaction and to the debt financing, respectively, to Silver Lake and CPP Investments.

About Qualtrics

Qualtrics, the leader and creator of the experience management category, is a cloud-native software provider that helps organizations quickly identify and resolve points of friction across all digital and human touchpoints in their business – so they can retain their best customers and employees, protect their revenue, and drive profitability. More than 19,000 organizations around the world use Qualtrics’ advanced AI to listen, understand, and take action. Qualtrics uses its vast universe of experience data to form the largest database of human sentiment in the world. Qualtrics is co-headquartered in Provo, Utah and Seattle and operates out of 28 offices globally. To learn more, please visit qualtrics.com.

About Silver Lake

Silver Lake is a global technology investment firm, with more than $98 billion in combined assets under management and committed capital and a team of professionals based in North America, Europe and Asia. Silver Lake’s portfolio companies collectively generate more than $276 billion of revenue annually and employ approximately 710,000 people globally.

About CPP Investments

Canada Pension Plan Investment Board (CPP Investments™) is a professional investment management organization that manages the Fund in the best interest of the 21 million contributors and beneficiaries of the Canada Pension Plan. In order to build diversified portfolios of assets, investments are made around the world in public equities, private equities, real estate, infrastructure and fixed income. Headquartered in Toronto, with offices in Hong Kong, London, Luxembourg, Mumbai, New York City, San Francisco, São Paulo and Sydney, CPP Investments is governed and managed independently of the Canada Pension Plan and at arm’s length from governments. At March 31, 2023, the Fund totalled C$570 billion. For more information, please visit www.cppinvestments.com or follow us on LinkedIn, Instagram or Twitter.

Forward-Looking Statements

This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terms such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “project,” “will,” “would,” “should,” “could,” “can,” “predict,” “potential,” “target,” “explore,” “continue,” or the negative of these terms, and similar expressions intended to identify forward-looking statements.

Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to numerous uncertainties and risks, including factors beyond our control, that could cause actual results, performance or outcomes to differ materially from those anticipated or implied in the statements. Important factors that could cause actual outcomes or results to differ materially from the forward-looking statements include, but are not limited to, (a) the ability of the Company to timely and successfully achieve the anticipated benefits of the Merger; (b) the Company’s ability to implement its business strategy; (c) significant transaction costs associated with the Merger; (d) potential litigation relating to the Merger; (e) the risk that disruptions from the Merger will harm the Company’s business, including current plans and operations; (f) the ability of the Company to retain and hire key personnel; (g) potential adverse reactions or changes to business relationships resulting from the announcement or completion of the proposed Merger; (h) legislative, regulatory and economic developments affecting the Company’s business; (i) general economic and market developments and conditions; (j) the evolving legal, regulatory and tax regimes under which the Company operates; and (k) unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism or outbreak of war or hostilities, as well as the Company’s response to any of the aforementioned factors. These risks, as well as other risks associated with the transaction, are more fully discussed in the Information Statement filed with the SEC in connection with the transaction. While the list of factors presented here is, and the list of factors presented in the Information Statement will be, considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward looking statements. Consequences of material differences in results as compared with those anticipated in the forward-looking statements could include, among other things, business disruption, operational problems, financial loss, legal liability to third parties and similar risks, any of which could have a material adverse effect on the Company’s financial condition, results of operations, or liquidity. The Company does not assume any obligation to publicly provide revisions or updates to any forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws.

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PayPal and KKR Announce Exclusive Multi-Year Relationship for European Pay Later Receivables

KKR

KKR to purchase up to €40 billion of eligible current and future PayPal Pay Later loans originated in Europe

PayPal expects to allocate approximately $1 billion to incremental share repurchases this year; updated outlook from approximately $4 billion to approximately $5 billion in total share repurchases in 2023

SAN JOSE, Calif. and NEW YORK, June 20, 2023 /PRNewswire/ — PayPal Holdings, Inc. (NASDAQ: PYPL) and KKR, a leading global investment firm, today announced the signing of an exclusive multi-year agreement for a €3 billion replenishing loan commitment under which private credit funds and accounts managed by KKR will purchase up to €40 billion of buy now, pay later (BNPL) loan receivables originated by PayPal in France, Germany, Italy, Spain, and the United Kingdom. Under the terms of the agreement, KKR’s private credit funds and accounts will acquire substantially all the European BNPL loan portfolio held on PayPal’s balance sheet at the close of the transaction and will also acquire future originations of eligible BNPL loans. PayPal will remain responsible for all customer-facing activities, including underwriting and servicing, associated with its European BNPL products.

While the concept of split installment payments for consumer purchases has been around for decades and online consumer financing has been a strategic offering of PayPal since 2008, BNPL has dramatically increased in popularity over the past several years. Since launching its first BNPL offering in 2020, PayPal has become an industry leader with its PayPal Pay Later products, issuing more than 200 million loans to over 30 million customers in eight markets around the world. In 2022, PayPal processed more than $20 billion of BNPL payment volume globally, up approximately 160% from 2021.

“Buy now, pay later has become a major asset to PayPal’s checkout experience, driving engagement, payment volume growth, and repeat use while delivering high-value customers to our merchants,” said Gabrielle Rabinovitch, senior vice president, acting chief financial officer of PayPal. “Our collaboration with KKR will allow us to accelerate our PayPal Pay Later originations alongside market demand in Europe while preserving free cash flow for other strategic initiatives. This transaction is yet another example of our disciplined approach to capital allocation.”

KKR is funding the transaction through its private credit funds and accounts.

“Having the ability to work exclusively with a scaled and high-quality strategic partner like PayPal is a testament to the strength and maturity of our Asset-Based Finance business,” said Dan Pietrzak, global head of private credit at KKR. “We look forward to growing our relationship further and serving the financing needs of consumers across Europe through this transaction.”

“We are thrilled to deepen our footprint in consumer finance through this transaction and to work with one of the leading players in this space,” said Vaibhav Piplapure, a managing director at KKR. “We believe that PayPal Pay Later offers a differentiated experience that positions PayPal to capture additional share in this growing market.”

Subject to certain conditions, this transaction is expected to close in the second half of 2023. Upon closing, PayPal expects this transaction to initially generate approximately $1.8 billion of proceeds to be used for a combination of increased capital return to shareholders and general corporate purposes. The transaction is already contemplated in PayPal’s full year 2023 guidance for GAAP and non-GAAP earnings per share, and non-GAAP operating margin announced on May 8, 2023. Following closing, PayPal expects to allocate approximately $1 billion to incremental share repurchases in 2023, contributing to an updated outlook of approximately $5 billion in total share repurchases this year.

KKR Capital Markets structured and arranged the debt for the transaction. Morgan Stanley & Co. LLC acted as the financial and structuring advisor to PayPal. Freshfields Bruckhaus Deringer LLP, Pérez-Llorca, and Allen & Overy Luxembourg acted as legal advisors to PayPal. Latham & Watkins LLP served as legal counsel to KKR.

About PayPal
PayPal has remained at the forefront of the digital payment revolution for more than 20 years. By leveraging technology to make financial services and commerce more convenient, affordable, and secure, the PayPal platform is empowering hundreds of millions of consumers and merchants in more than 200 markets to join and thrive in the global economy. For more information, visit https://www.paypal.com.

Forward Looking Statements About PayPal
This announcement contains “forward-looking” statements within the meaning of applicable securities laws. Forward-looking statements and information relate to future events and future performance and reflect, among other things PayPal’s expectations regarding the anticipated benefits of this transaction, the timing of the closing of the transaction, and anticipated incremental share repurchases. Forward looking statements may be identified by words such as “may,” “will,” “would,” “should,” “could,” “expect,” “anticipate,” “believe,” “estimate,” “intend,” “continue,” “strategy,” “future,” “opportunity,” “plan,” “project,” “forecast,” and other similar expressions.

Forward-looking statements involve risks and uncertainties which may cause actual results to differ materially from the statements made, and, accordingly, readers should not place undue reliance on forward-looking statements and information. Factors that could cause or contribute to such differences include, but are not limited to, the failure to satisfy the conditions to the completion of the transaction and the acquisition of future originations, the possibility that the transaction may not be completed in a timely manner or at all, the reaction of competitors to the transaction, economic and political conditions, including in the relevant markets, the future growth of PayPal’s BNPL business, and the possibility that operationalizing the transaction post-closing may be more difficult than expected.

More information about these and other factors that could adversely affect PayPal’s results of operations, financial condition and prospects or that could cause actual results to differ materially from those expressed or implied in forward-looking statements can be found in PayPal Holdings, Inc.’s most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other filings with the Securities and Exchange Commission (the “SEC”), and its future filings with the SEC.

The forward-looking statements contained in this announcement speak only as of the date hereof.  PayPal expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained herein to reflect any change in the expectations with regard thereto or any change in events, conditions, or circumstances on which any such statement is based.

About KKR
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.

Contacts

Investors

For PayPal:
investorrelations@paypal.com

Media

For PayPal:
Josh Criscoe, Taylor Watson and Sabrina Winter
mediarelations@paypal.com

For KKR:

KKR Americas:
Julia Kosygina
+1 212-750-8300
Media@kkr.com

KKR EMEA:
Annabel Arthur
+44 20 7839 9800
kkrpr-uk@kkr.com

 

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Main Capital Partners announces strategic exit of Inergy to ilionx after successful partnership

Main Capital Partners

Main Capital Partners announces the sale of Inergy to ilionx, an IT services provider and integration partner backed by FSN Capital.

Main Capital Partners is pleased to announce the sale of Inergy to ilionx, an IT services provider and integration partner backed by FSN Capital. Over the last 5 years, Inergy has developed a market leading position in managed data analytics and planning & control software, helping its diversified public and private customer base to extract significant value from their data.

Main Capital Partners made its strategic investment in Inergy in 2017. Over the course of Main’s investment period, Inergy has grown from a mid-sized data analytics services provider to a market-leading planning & control software and data analytics services provider it is today. During this time, Inergy’s revenues more than doubled, solidifying its position in the Dutch market.

During its cooperation with Main,  Inergy significantly grew its software and managed analytics businesses both autonomously and via several strategic acquisitions that enhanced the company’s product portfolio and market presence. Inergy is well positioned to further capitalize on these achievements in the coming years and is now supported by ilionx.

Mathijs van Houweninge, CEO of Inergy, comments on the combination with ilionx: “The broader portfolio of the combination enables us to serve our clients and prospects even better. We now have access to a lot of new expertise and experience as well as great execution power on complex issues. With our joint portfolio, knowledge and experience, we will be able to better fulfill our credo ‘We Improve Performance’. This step with ilionx is a wonderful sequel to the buy-and-build phase that we went through with Main in recent years. I am super proud of our Inergeeks and the trust that customers have placed in us every day for many years.”

Jan Veltman, CEO of ilionx, adds: “Inergy is a great addition to the portfolio of ilionx. Especially LIAS’ position in local government strengthens ilionx’ market position in that segment and its strong presence in the retail market also offers many opportunities. Inergy’s managed analytics platform is a natural extension to the data and AI solutions within the ilionx portfolio and with Inergy’s independent audit practice for GRC and privacy, we are not merely enabling clients to get into control of their processes, but also remain in control. Like ilionx, Inergy has the drive to bring simplicity to complex matters. By combining our knowledge and expertise we can add even more value for our mutual clients. We look forward to discovering new opportunities together with our colleagues at Inergy.”

Pieter van Bodegraven, Senior Partner at Main Capital Partners and Member of the Supervisory Board of Inergy, concludes: “We congratulate Inergy on this successful sale to ilionx. We helped to transform Inergy by focusing on the development of SaaS-based software solutions especially related to Financial Control, Risk and GRC-related domains. With strong autonomous growth, as well as with 5 add-on acquisitions, the company has more than doubled its revenues and strongly increased its recurring  profile. We feel ilionx is a perfect new home for Inergy to continue their growth strategy.”

This is a proposed transaction and is subject to consultation of both the works councils of Inergy and ilionx.  The acquisition is expected to be finalized by mid-July 2023. Financial details will not be disclosed.

We feel ilionx is a perfect new home for Inergy to continue their growth strategy.

– Pieter van Bodegraven, Senior Partner at Main Capital Partners and Member of the Supervisory Board of Inergy

About

Inergy

Founded in 1999, Inergy is a provider of governmental software and complex data & analytics platforms. The company has a unique proposition, servicing governmental institutions as well as private enterprises. Inergy helps companies extract value from their data. Over the past years, Inergy executed a successful buy-and-build in the planning & control and GRC software space for local governments through the acquisitions of LIAS Software (April 2018), Frontin (June 2020), Gemstone (November 2020), SafeHarbour (February 2021) and SEP ISMS (March 2021). Together with 170 experts, Inergy executes its motto ‘We Improve Performance’ on a daily basis.

illionx

Creating simplicity in a complex world. That is the goal of IT knowledge and implementation partner ilionx. By innovating, clarifying and connecting. ilionx has been offering IT solutions that work simply and connect closely to organizational processes since 2002. All expertise is available to move organizations forward and to let people work with pleasure. ilionx supports its clients in the field of digital strategy, cloud applications, data & AI, hyperautomation & integration and managed services. This has already led to many successful projects and implementations at healthcare institutions, (semi) governmental organizations and commercial companies with over 500 employees, a Dutch footprint and social relevance. ilionx employs over 1,300 experts, working from thirteen locations throughout the Netherlands.

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Baird Capital Invests in Parallax

Baird Capital

Baird Capital’s Venture Capital team today announced it led a Series B funding round in Parallax, a leading provider of predictive forecasting and capacity planning software for digital services and organizations. Parallax plans to utilize the new capital to fuel its product innovation initiatives, expand its market presence, and further scale its operations to meet the growing demand for solutions.

“Through our own investments in professional services businesses across the Baird Capital portfolio, we’ve witnessed firsthand the importance of effective resource management and its impact on workforce utilization and profitability,” said Jim Pavlik, Partner with Baird Capital’s Venture team and newly appointed Board member at Parallax. “We’ve been extremely impressed with Parallax’s cloud-based platform and its ability to optimize resource planning and forecasting for its clients and are very excited to partner with the Parallax team and support their continued investments in growing the business.”

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MEGA International accelerates its growth thanks to a unitranche financing from Eurazeo

GIMV

07/06/2023 – 11:36 | Portfolio

Paris/Boston – June 7, 2023 – MEGA International, a leading SaaS software company in enterprise architecture, today announces the signature of a unitranche financing with Eurazeo to accelerate its growth alongside its historical shareholders, including, in particular, the investment company Gimv.

Eurazeo, a leading global investment company managing more than 35 billion euros of diversified assets, chose MEGA for its track record of growth over the past few years, its technology leadership position in Enterprise Architecture, and its ability to bring together business, IT, data, and risk management in a single integrated SaaS platform HOPEX.

This financing will enable MEGA to accelerate its technological and business development through investments in artificial intelligence to support business transformation. With a strong position in the United States, MEGA intends to continue developing in this territory where the enterprise architecture market is growing rapidly.

“MEGA International convinced us of its strong and sustainable growth potential, and we are happy to count the company among our promising technology assets,” says Olivier Sesboüé, Investment Director at Eurazeo.

“Gimv strongly believes in MEGA’s ability to accelerate its growth thanks to the commitment of its management team and its employees to meet the needs of its customers in a context of continuous transformation. We are delighted that Eurazeo is joining us to pursue the journey with MEGA,” comments Eric de La Vigne, Principal Smart Industries at Gimv.

“We are happy and proud of the trust placed in us by Eurazeo. This funding supports our innovation strategy for business transformation thanks to an integrated and automated SaaS solution that facilitates planning and alignment between IT and business,” adds Luca de Risi, CEO at MEGA International.

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Main Capital Partners acquires Finnish Medical and Food Safety Software Provider Sensire

Main Capital Partners is proud to announce the acquisition of a majority stake in Sensire Oy, a leading provider of medical and food safety software solutions. Together with management, Main will support Sensire in its continued organic growth journey both in Finland and internationally as well as supporting with a selective buy & build strategy.

Founded in 2001 in Joensuu, Sensire has 20 employees and is a Finnish software vendor of HSEQ solutions with focus on medical and food safety. With more than 20 years of experience in the HSEQ industry, the Sensire platform has grown into a leading solution within temperature monitoring, task management, compliance, waste management and document management supporting its international client base to comply with regulatory requirements for medical and food safety.

The medical and food market is characterized by heavy regulations and guidelines including EU-wide laws on safety, hygiene and traceability across the medical and food production chain. There is an increasing need for modern solutions tailored for digitizing and automating workflows and tasks within medical and food management. Next to that, there is an increased pressure from external stakeholders on enhancing quality and compliance and increasing EHS awareness within the medical and food value chain. This has provided Sensire with a strong foundation to serve customers in a wide range of different verticals and add significant customer value when adopted across departments and processes.

Sensire currently serves more than 300 clients in Finland, Germany, UK and Poland. The client base include customer such as Attendo, Arla, Valio, Red Cross as well as many of Finland’s largest welfare regions.

Looking ahead, Main Capital Partners will actively support Sensire in scaling growth by broadening the offering to its customers, expanding into adjacent customer verticals as well as entering into new international markets. In addition to organic growth initiatives, Main Capital will support in doing selective add-on acquisitions as part of the growth strategy to complement the product portfolio as well as to strengthen the market positioning.

Wessel Ploegmakers, Partner at Main Capital Partners, says: “We are excited to support Sensire in their continued growth journey towards becoming a leading HSEQ software provider in Europe. We will support Sensire in further improving and expanding the product offering to optimize work processes and ensure compliance with regulatory standards in medical and food safety. We will support the business in strengthening the market positioning in Finland and internationally by building out their partnership reseller model and doing strategic acquisitions to establish local footprints in new market and expanding the product offering.”

Jukkapekka Asikainen, Founder and CEO of Sensire, comments: “We are excited to enter this partnership with Main Capital. We believe Main can support the company through a combination of best practices and lessons learned from having invested in over 150 software companies as well as finding smart acquisitions. We are very much looking forward towards rolling out the business internationally in this new phase of growth.”

Sensire
Sensire is a leading medical and food safety software vendor consisting of 20 employees based in Joensuu, Finland. Founded in 2001 by Jukkapekka Asikainen, Sensire has a long track record of serving both the private and public sector with high-quality solutions within medical and food safety. With over 300 customers, Sensire is regarded as one of the leading providers within this field.

Main Capital Partners
Main Capital Partners is a leading software investor in the Benelux, DACH, and Nordic regions. Main has 20 years of experience in strengthening software companies and works closely with the management teams in its portfolio as a strategic partner to achieve sustainable growth and larger outstanding software groups. Main has 60 employees and offices in The Hague, Stockholm, Düsseldorf, Antwerp, and an affiliated office in Boston. Main has over 2.2 billion euros in assets under management and currently has an active portfolio of over 40 software groups. Together, these companies provide about 9,000 jobs.

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Leading railway ERP software provider RailCube finds strategic partner in Main Capital Partners

Main Capital Partners

RailCube, supplier of innovative software solutions for railway undertakings, announces a majority investment by strategic software investor Main Capital Partners. The partnership with Main represents an important step in the development of RailCube, which is looking to further enhance its position as the go-to ERP partner for railway undertakings. Through a continued focus on innovation and product development, RailCube and Main will jointly aim to further enhance the proposition of RailCube to clients across the globe.

RailCube, founded in 2011, is a market leading ERP software provider for the railway market. RailCube offers a broad range of features for railway undertakings within a single application including modules to manage operations and safety, staff & HR, finance and BI capabilities. Through an ERP solution for planners and office workers and a mobile application for train drivers, developed under stewardship of co-Founder Ernstjan Aalbersberg, RailCube offers a comprehensive suite that helps railway undertakings automate core processes across all domains of the business.

Over the years, RailCube has become an increasingly internationally oriented organization, today catering to a loyal customer base of over 85 railway undertakings across 20 European countries and Australia. As a result, RailCube’s solution can support local and multinational railway undertakings such as launching customer the LTE Group (Austria), Deutsche Bahn Cargo, Pacific National (Australia), Hector Rail (Sweden) and Rail Cargo Austria in their connectivity needs with industry systems, platforms and regional infrastructure managers across European markets.

“We are very excited to announce this major next step in the growth journey of RailCube”, stated Dennis Hendriksen. “The investment by Main marks a crucial turning point, empowering RailCube to expand to new continents while maintaining focus on controlled and sustainable growth. We are deeply committed to support our clients in the optimization of their operations and safety management, and look forward to further enhancing the quality of our service offerings for existing and new clients alike in collaboration with Main.”

Sjoerd Aarts, Partner at Main and Chairman of the Supervisory Board at RailCube: “We consider RailCube a leading innovator in the railway industry with a strong market position across European markets. We foresee great potential for further market expansion, within Europe and beyond, and will aim to further enhance RailCube’s value proposition for customers and partners in the years to come, through a combination of autonomous growth and selective strategic buy-&-build opportunities. We are very excited about the journey ahead, and look forward to a successful partnership with Ernstjan, Dennis, and the entire RailCube organization.”

About RailCube
RailCube is the leading ERP solution for railway undertakings seeking reliable operations management and the highest safety standards. RailCube is multilingual, multi-referential and is compatible with the interoperability standards for data exchange between international systems respecting industry-standard UIC standards. Most importantly, the solution can fit into the railway “ecosystem” by connecting to existing operational and third-party systems. RailCube’s team of 45 professionals working across Europe and Australia enable its users to efficiently allocate (human) resources, while ensuring compliance with local and international safety and quality standards.

About Main Capital Partners
Main Capital Partners is a leading software investor managing investment funds active in Northwestern Europe and North America. Main has 20 years of experience in software investing and works closely with the management teams in its portfolio as a strategic partner, in order to achieve sustainable growth and larger outstanding software groups. Main has 60 employees and offices in The Hague, Stockholm, Düsseldorf, Antwerp and an affiliated office in Boston. Main has over 2.2 billion euros in assets under management and currently has an active portfolio of over 40 software groups. Together, these companies provide about 9,000 jobs.

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August Equity are delighted to announce significant investment in StarTraq

August Equity

August Equity has invested alongside management in StarTraq – a leading compliance software business providing solutions for offence processing, licensing & permitting. August will provide funding to enable the business to scale internationally and enter new adjacent markets.

Headquartered in Oxfordshire, UK, StarTraq is the market leader in offence processing software. It has long standing relationships with police and local authorities in the UK, and a growing international footprint. It provides cloud solutions that automate back-office processes including the processing of traffic violations, permit offences, permit applications, and environmental offences. Billy Kennedy, who joined the business in 2011, will continue to lead StarTraq. Allan Freinkel, who founded the business in 2002, will stay on and support as a Non-Executive Director. Industry veteran Gordon Wilson will be joining the board as Chair, who was CEO of software business Advanced Computer Software since 2015 and has recently moved to Chair.

The team, supported by August, intend to invest in the continued organic growth of the business supported by targeted M&A into new geographies and adjacent end markets. StarTraq represents a strong adjacency to previous August Equity investments in compliance-driven tech and cloud software businesses, such as Agilio, Amtivo, OneTouch and Wax Digital.

The team at August was led by Mehul (Mickey) Patel and Greg Walsh with support from Sam Hardy, Bethany Shiers, Ollie Reynolds and Matt Benstead.

David Lonsdale, Managing Partner at August Equity, commented:

“StarTraq represents an attractive platform investment for August and is aligned with our focus on primary buyouts of B2B software and services businesses in compliance driven end markets.”

Mickey Patel, Partner at August Equity, commented:

“We are delighted to be backing the StarTraq team, an exciting cloud software platform investment for us to scale and build an international software business with a focus on traffic, offence management and adjacent software solutions.”

Gordon Wilson, Chair at StarTraq, commented:

“I am pleased to be working with August and the StarTraq team as I embark on my plural career. The plan to grow StarTraq organically and acquisitively has many similarities to businesses I have grown in the past and I look forward to supporting the management team as they grow.”

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