Tag Archives: Software

Pollen Street agrees acquisition of majority stake in Assessio, Nordics’s leading talent assesment software platform

Pollenstreet

Pollen Street today announces the acquisition of a majority stake in Assessio International Holdings 2 AB (“Assessio”), a leading talent assessment software platform in the Nordics.

Founded in 1954 as a psychology research institute, the business has transformed over the years into a scalable technology platform to deliver standardised data-driven insights for recruitment and talent development to enterprises and SMEs across a wide range of sectors, including many financial services and professional services businesses.

Assessio is focused on high volume hiring and post hire development. The business has a deep scientific heritage which allows it to support customers in hiring talent based on potential (attitude, personality, cultural fit, capacity for learning, etc). Assessio’s proprietary technology and Saas offering has allowed it to win market share in core markets of Sweden, Norway, Netherlands and Denmark, competing with the more traditional providers of tests and talent management consulting services. The business has grown organically and through acquisitions in recent years, while enhancing its product capability.

The investment in Assessio is the latest in a series of recent Pollen Street investments into high growth software businesses targeting the financial services sector, including Aryza, Proactis and Pacific Fund Systems, in its tech-enabled services vertical.

Pollen Street’s investment and value creation strategy will build on Assessio’s reputation as the Nordic’s leading talent assessment software platform, and help build a leading pan-European talent management player. The investment will be deployed to accelerate M&A and organic growth and to support ongoing development of Assessio’s proprietary technology. The group will continue to be led by Assessio’s current management team, Johan Masironi, Evelien Schram, Peter Tjernstrom and Staffan Landberg, leveraging Pollen Street’s deep expertise in effective growth acceleration and internationalisation.

The closing is expected to happen in the coming weeks.

Commenting on the announcement, Johan Masironi and CEO at Assessio, said: “We are delighted to announce our investment from Pollen Street and are excited to have their support as we accelerate the growth of Assessio. We have chosen to partner with Pollen Street as they have unrivaled expertise and experience in supporting high growth software business’ scale and internationalise. The substantial growth capital and ongoing professional and financial support from Pollen Street will allow us to further develop our tech-platform to accelerate the deployment of services, while providing funding and expertise to expand our strategic growth programme to fulfill our ambition to become Europe’s leading talent assessment partner.”

Anastasia Kovaleva, Investment Director at Pollen Street, said: “Assessio has developed an exciting and highly differentiated proposition which makes it uniquely positioned in the HCM software market. Pollen Street is proud of its track record of supporting high growth software businesses and believe that Assessio has the potential to become a European leader in innovative talent assement and development solutions, an exciting and growing market solving current challenges such as talent shortages and supporting diversity and inclusion. Assessio is led by a dynamic and highly regarded team, we are impressed by what they have achieved to date, and we look forward to working with Johan, Evelien, Peter and Staffan in the next stage of growth for the business.”

Categories: News

Tags:

Main Capital Partners sells Assessio to Pollen Street

Main Capital Partners

Main Capital Partners is pleased to announce the successful signing of a sale of Assessio to Pollen Street Capital.

Main Capital Partners is pleased to announce the successful signing of a sale of Assessio to Pollen Street Capital. Over the last four years, Assessio has evolved from a local player active mainly within recruitment to a leading Northern European talent assessment player with an offering across both the pre- and post-hire space. Under the new stewardship of Pollen Street, Assessio is now well-positioned to push the boundaries of its success and expand its reach into new and exciting markets.

Main Capital Partners made its strategic investment in Assessio in 2019, recognizing its potential to become a leading talent assessment software provider. Over the course of Main’s investment period, Assessio transformed from consultancy driven business to a highly scalable SaaS-operation with a cutting-edge platform that covers both the pre- and post-hire space of recruitment. During this period, Assessio’s revenues more than doubled, solidifying its position as a market leader in the Nordic and Benelux region.

Main played a pivotal role in supporting Assessio’s growth trajectory, including strategic acquisitions that enhanced the company’s product portfolio and market presence. Main backed Assessio’s acquisition of Dutch HFMTalentindex. Additionally, Assessio further strengthened its footprint across unpenetrated Nordic markets as well as establishing a leading position in the Benelux with the acquisitions of Dutch Eelloo and Danish People Test Systems. Today, Assessio is the leading talent assessment player in both the Nordics and Benelux, servicing >1.800 clients across a wide range of industries.

The sale of Assessio to Pollen Street marks another significant achievement for Main Capital Partners. Pollen Street, as the acquiring party, recognizes the exceptional value and expertise that Assessio brings to the talent assessment market. The transaction will bring together Assessio’s innovative solutions and the means as well as support needed to expand its reach and to continue its growth journey in becoming a global leader in the industry.

Johan Masironi, CEO of Assessio, comments: ‘’Together with Main Capital, we transitioned into a scalable SaaS operation, doubling our revenues, and establishing ourselves as a leader in the Nordic and Benelux regions. We’re excited about the next chapter as we partner with Pollen Street. Their experience in scaling software businesses aligns perfectly with our goal of international expansion and tech platform enhancement. This partnership will accelerate growth, broaden our offerings, and strengthen our position as a top talent assessment partner in Europe.”

Anastasia Kovaleva, Investment Director at Pollen Street, said: “Assessio has developed an exciting and highly differentiated proposition which makes it uniquely positioned in the HCM software market. Pollen Street is proud of its track record of supporting high growth software businesses. Our investment and value creation strategy will build on Assessio’s reputation as the Nordic’s leading talent assessment software platform to build a leading pan-European talent management player in an exciting and growing market solving current challenges such as talent shortages and supporting diversity and inclusion. Assessio is led by a dynamic and highly regarded team, we are impressed by what they have achieved to date, and we look forward to working with Johan, Evelien, Peter and Staffan in the next stage of growth for the business.”

Wessel Ploegmakers, Partner at Main Capital Partners, concludes: “Since our partnership in 2019, we have seen significant growth, claiming market leading positions in the Benelux and Nordics regions as well almost tripling in size and profitability. Through organic growth and a selective buy-and-build strategy, the HR-software provider for talent assessment has emerged as a prominent player in Northern Europe. We are proud to have supported Assessio on this growth journey.”

Since our partnership in 2019, we have seen significant growth, claiming market leading positions in the Benelux and Nordics regions as well almost tripling in size and profitability.

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

About

Assessio

Assessio is the Nordic region’s leading e-assessment company with a platform solution that helps HR to work inclusively and time-efficiently with recruitment and development of leaders and teams. Through tests and tools, they provide organizations with data-driven insights about both current and potential employees. Assessio was founded in the 1950s and today their work psychological tests are used all over the world and in over 30 different languages.

Pollen Street Capital

Pollen Street is a purpose led and high performing private capital asset manager. Established in 2013, the firm has built deep capability across the financial and business services sector aligned with mega-trends shaping the future of the industry. Pollen Street manages over £3.4bn AUM across private equity and asset-backed credit strategies, on behalf of investors including leading public and corporate pension funds, insurance companies, sovereign wealth funds, endowments and foundations, asset managers, banks, and family offices from around the world. Pollen Street has a team of over 80 professionals with offices in London and the US.

Categories: News

Tags:

£1.1mn follow-on investment in legaltech leader Legatics as part of £4mn round

Gresham House

Gresham House Ventures makes £1.1mn follow-on investment in legaltech leader Legatics as part of £4mn investment round led by FINTOP Capital.

Designed by lawyers seeking to streamline the sector’s legacy working methods, Legatics enables deal teams to collaborate on and close deals in an interactive online environment.

Since its launch in 2015, the platform has been adopted by many of the world’s top global law firms, including Allen & Overy, Dentons and Shearman & Sterling, and has been deployed in more than 60 countries.

The Gresham House Ventures team initially invested £3 million in Legatics in 2021, investing on behalf of the Mobeus VCTs, which supported the business’ rapid expansion and the development of Legatics 2, a second-generation platform which will incorporate enhanced AI functionality. This additional investment will be used to bring new features and functionality to Legatics 2, and accelerate expansion plans for the US market, where the legal sector has not yet adopted digitisation to its full potential.

The deal was led by Joe Krancki and Mark Stroud, with Stroud also joining Legatics’ board, where he brings valuable experience working with legaltech businesses, as part of the investment. The investment came as part of a £4 million fundraising round led by legal tech specialist FINTOP Capital. Gresham House was advised by Marriott Harrison on the transaction.

The investment continues a busy period of dealmaking for Gresham House Ventures, which closed a £3.1 million investment into digital health platform provider Mable Therapy earlier in August.

This followed a £3.5 million investment into Dayrize, a £4.65 million investment into Connect Earth, a £4 million investment into Cognassist, and a further investment into eating disorder clinic, Orri.

Joe Krancki, Investment Director at Gresham House Ventures says:

“The Legatics team has revolutionised the sector, removing legacy hurdles to help countless leading law firms and professionals quickly adapt to the changing demands of the legal market. With the rollout of Legatics 2 further cementing its position as the go-to legaltech vendor in the UK, we are pleased to be providing additional investment at this exciting time. We have been impressed with Legatics’ continued growth in recent years, and we look forward to working closely with the business over the coming years to support its ongoing expansion into the US market.”

Anthony Seale, CEO at Legatics says:

“The Gresham House Ventures team’s previous investment in Legatics has played a significant role in supporting our recent growth, enabling the business to more than double its customer base in two years and accelerate its product offering with the launch of Legatics 2. This follow-on investment validates the significant opportunity to embed our platform into the US legal market – one that is crying out for streamlined solutions like Legatics to modernise legal transactions.”

 

 

Media enquiries

KL Communications

gh@kl-communications.com

Categories: News

Tags:

Pointsharp strengthens its presence in the German market by merging with SIVIS

Main Capital Partners

Pointsharp, backed by Main Capital Partners, today announces its third add-on acquisition of identity and role management specialist SIVIS, based in Germany and Denmark.

Pointsharp, backed by Main Capital Partners, today announces its third add-on acquisition of identity and role management specialist SIVIS, based in Germany and Denmark. Through this strategic merger, Sweden-based Pointsharp continuous its impressive growth journey as it bids to become the leading provider of European-made cybersecurity products, thus strengthening European data sovereignty.

Main first invested in Pointsharp in 2020 to support the company in its next phase of growth, with a keen focus on international expansion throughout Northwestern Europe.  In 2021, Swedish company Secmaker was added to the Pointsharp portfolio, which created a leading Nordic player within user authentication and access management. Further, in 2022, the acquisition of Cryptshare further strengthened Pointsharp’s position as a leading security software player in the European market, with complementary solutions for secure digital communication. Now, with the addition of SIVIS’ strong offering within Identity and role management, the Group is well equipped to compete with global competitors.

Developing a leading European IT security player

Pointsharp, founded in 2006, has grown from 10 FTEs in 2020 to an combined organization of +200 FTEs with local offices in Sweden, Germany, Denmark, Netherlands, Switzerland and Finland with pro-forma revenues in the region of EUR 28 million in 2022. Together the group services +2000 clients such as Akademiska Sjukhuset Uppsala, Atea, Friesland Campina, Webasto, ThyssenKrupp, Audi, Försäkringskassan, Region Blekinge, SICK, Karolinska Institutet, Deutsche Rentenversicherung Bund and Nottingham County Council.

The acquisition of SIVIS comes at a time where there is an increasing demand for one-stop-shop software that can support user’s digital life journey, with login & access management, secure communication, on-, off- and cross boarding, role management, maintaining user processes and compliance across organizations.

Niklas Brask, Managing Director at Pointsharp Group, commented: “Pointsharp is on a rapid and exciting journey to build a leading European IT security player. We offer a complete suite of security software solutions to help companies build a better, modern and more secure workplace. By partnering with SIVIS, we are extending our portfolio with a strong Identity Management for SAP and Microsoft environments as well as role management, compliance checks and pioneering AI products in enterprise security.”

Boris Grothues and Philipp Latini, co-CEO’s at SIVIS, added: “We are very proud of the success of SIVIS. Our expertise has positioned us as leaders in our field. The merger with Pointsharp, known for strong and secure authentication in complex enterprise landscapes and encryption solutions, is an exciting development. This strategic move will enable us to offer our customers enhanced security throughout the entire identity lifecycle. Furthermore, we anticipate this merger to unlock even greater potential and opportunities for growth. We look forward to this promising next step in our journey.”

Wessel Ploegmakers, Partner and co-Head of the Nordics office at Main, concluded: “This strategic combination with SIVIS symbolises another important step in Pointsharp’s growth journey as it seeks to become the leading European security player while also competing with the larger US vendors. Furthermore, the acquisition of SIVIS enables Pointsharp to solidify its presence in the strategically important growth market Germany. We are delighted with the improved international outlook for the group as it also simultaneously adds strong and complementary solutions to the already impressive service offering.”

This strategic combination with SIVIS symbolises another important step in Pointsharp’s growth journey as it seeks to become the leading European security player while also competing with the larger US vendors.

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

About

Pointsharp

Pointsharp was founded in 2006 and has since enabled organizations to secure their digital identities and logins by combining the ability to meet the highest security demands and today’s need for user friendly solutions. Pointsharp has a broad solution offering in the Identity and Access Management market related to multi-factor authentication, secure access, encryption, digital signature, user provisioning and password management. The company serves more than 3,000 enterprise organizations globally with high security or sensitive data needs in several different market verticals, including finance, governmental, and industrial.

SIVIS

SIVIS was founded in 1999 and focuses on IDM, risk management, compliance and authorizations with a focus on SAP and Microsoft environments. Using SIVIS’ solutions allows customers to organize and manage roles and identities within the SAP, Microsoft and nearby ecosystems from a single location in an automated and user-friendly manner. Headquartered in Karlsruhe, the company serves more than 250 loyal enterprise customers in several industries, engaging 64 employees. Some of the partners that SIVIS closely collaborates with are Mehrwerk, Voquz and Mindsquare.

Categories: News

Tags:

£3.1mn investment in leading digital health platform Mable Therapy

Gresham House

We are pleased to announce a £3.1 million investment into Mable Therapy, the UK’s leading digital health platform for children’s speech and language therapy and counselling services.

The business addresses a significant and growing area of need – 1.4mn children in the UK have long-term speech, language or communication needs and one in five children aged 5-16 have a diagnosed mental health problem.

Founded by Martha Currie and Elliot Agró in 2015, Mable provides easy access to a nationwide network of therapists who deliver live, 1-2-1 sessions through a bespoke online platform that facilitates improved therapeutic outcomes in a child-friendly environment.

Mable offers an affordable direct-to-consumer service, as well as solutions for the education and healthcare sectors, where technology adoption is now seen as vital to address the growing unmet demand.

In the last year alone, Mable has delivered over 22,000 hours of therapy to over 3,000 children.

As part of the investment, Gresham House Ventures has supported the appointment of Oli White as Mable’s CEO, bringing significant commercial expertise in the health and education technology sectors, most recently as Chief Commercial Officer at Doc Abode. Education business leader, Andrea Carr, will also join Mable as independent Chair.

The investment, led by Benjamin Faulkner and Tom Makey, follows several recent investments in the healthcare and education sectors.

In April 2023, Gresham House Ventures invested £4.0mn into neuro-inclusion solutions provider Cognassist, whose software platform supports individuals with hidden learning needs across education and the workplace. This followed a £4.5mn investment in September 2022 in Orri, a specialist clinic for the treatment of eating disorders. The investment in Mable represents the fourth new investment by Gresham House Ventures in 2023.

Mable Therapy was advised on the transaction by Zuleika Salter and James Balicki at finnCap Group.

Benjamin Faulkner, Associate Director at Gresham House Ventures said:

“Mable’s technology transforms the lives of children in their crucial early stages of development. There is significant growth potential for Mable within the wider education and health sectors where its technology offering can drive meaningful efficiencies for public service providers. Martha and Elliot have built an excellent business that is backed by a wealth of clinical and technological expertise, and we are confident that Mable can continue to revolutionise the provision of this vital support across the UK.”

Co-founders, Martha Currie and Elliot Agró said:

“Mable’s mission has always been to design therapy that puts children at its core, giving them the best chance to reach their full potential. Our pioneering technology has already helped thousands of families across the UK, and with this investment by Gresham House Ventures we can take this support even further. The investment will facilitate the development of an intra-therapy app designed to engage and empower children beyond session hours, and school screening tools to help educators in assessing students’ mental health and speech and language needs. We also look forward to welcoming to the team Oli and Andrea, whose expertise will be instrumental as we continue to enhance and expand our service beyond the UK.”

Oli White, Chief Executive said:

“This investment will enable us to extend our reach in the sectors where our technology is already helping schools and other care providers to support children facing complex challenges. With Gresham House Ventures’ outstanding track record of working with businesses in this sector, Mable is well-positioned to accelerate its growth trajectory in the coming years.”

Categories: News

Tags:

Tripleseat Announces Strategic Acquisition of Attendease for Unparalleled Event Management Solutions

Vista Equity

CONCORD, Mass., Aug. 8, 2023 /PRNewswire/ —  Tripleseat, the leading innovator in cloud-based event management software for the hospitality industry, proudly announces today the strategic acquisition of Attendease, a world-class meeting and event software for enterprise and corporate event planners.

The acquisition is a natural fit. It combines two separate ecosystems, social and corporate event planners and event managers at restaurants and hotels. The sales and event management platform of Tripleseat and the Attendease event planner application come together for a frictionless planning process, further entrenching Tripleseat as the powerhouse in end-to-end event management solutions. The combined company will operate under the Tripleseat brand and will be managed by Jonathan Morse, Tripleseat co-founder and CEO.

“With this acquisition, we will expand our offerings with specialized and flexible event planning and management tools – for social and corporate event planners. Tripleseat will now be the one-stop shop for people to locate the perfect venue and manage and market their event,” Morse said in a statement. “Attendease provides functionality that empowers planners with dynamic features such as event registration, ticketing, VIP and speaker management, website building, and data-driven reporting  that will integrate with Tripleseat’s sales and event management platform.”

The Tripleseat acquisition of Attendease is a game-changer for restaurants and hotels. It provides a one-of-a-kind integration to event planners looking to book an event at their venue. In addition, event planners will now have a seamless and easy experience finding, booking, and planning their weddings, corporate events, birthday parties, or tradeshows.

Tripleseat will always continue providing award-winning customer support for existing and new customers. As the event industry continues to evolve, Tripleseat remains committed to delivering innovative solutions to empower event professionals with the tools to thrive.

About Tripleseat
Tripleseat is a sales and event management platform used by more than 15,000 venues globally, enabling event managers to streamline the planning process and increase sales. To date, the Tripleseat platform has helped venues book over 10 million events and capture $15 billion in event leads. To learn more about Tripleseat or to schedule a demo, please visit www.tripleseat.com.

Media Contact: 
Dana Yerid
Vice President of Marketing
978-614-0490
363515@email4pr.com

SOURCE Tripleseat

Categories: News

Tags:

Thoma Bravo and Madison Dearborn Partners Sell Syntellis Performance Solutions to Roper Technologies

Thomas Bravo

CHICAGO & SAN FRANCISCO—Madison Dearborn Partners (“MDP”) and Thoma Bravo today announced that they have completed the sale of Syntellis Performance Solutions (“Syntellis”), a leading provider of enterprise performance management (EPM) software, data and intelligence solutions, to Roper Technologies, Inc. (“Roper”) (Nasdaq: ROP) in an all-cash transaction for an enterprise value of $1.4 billion. Syntellis will be combined with Roper’s Strata Decision Technology business.

Syntellis became an independent company with the investment support of Thoma Bravo and MDP when it was separated from Kaufman Hall in August 2020. Over the past three years, MDP and Thoma Bravo have worked closely with Syntellis and its management team to enhance and innovate the company’s integrated EPM solutions to better serve Syntellis’s growing global client base. During this period, Syntellis made meaningful investments in product and platform enhancements, including to its Axiom365 SaaS offering, and enhanced its planning and performance product offering by acquiring Stratasan, an industry leader in advanced healthcare market intelligence and data analytics.

“Thoma Bravo and MDP’s support and collaboration have propelled our growth, helped advance our product roadmap and enabled us to better serve our valued clients,” said Flint Brenton, Chief Executive Officer of Syntellis. “Today’s announcement is a testament to the great work from the entire Syntellis team and marks an exciting new chapter for the company. As part of Roper, we will further our mission to empower our clients to optimize performance through our industry-specific, tailored solutions.”

“We are immensely proud of our partnership with the Syntellis and Thoma Bravo teams, the product and platform enhancements we have helped Syntellis deliver, and the success we have achieved together,” said MDP Managing Director and Co-Head of the Health Care team Jason Shideler and Managing Director Will Ritchie. “Syntellis has grown from a captive software division of a consulting firm into one of the leading EPM providers serving the health care, higher education and finance industries. We believe Syntellis will continue to thrive in combination with Strata at Roper.”

“It has been a pleasure working with MDP, Flint and the entire Syntellis team to create a truly best-in-class EPM leader,” said A.J. Rohde, a Senior Partner at Thoma Bravo. “Together, we drove growth and innovation by building on the company’s strong product offering and its commitment to providing customers with the operational, financial and strategic data they need to navigate their dynamic market environments and improve their business outcomes. We look forward to watching the company’s continued success as part of Roper.”

William Blair served as financial advisor and Kirkland & Ellis LLP served as legal advisor to MDP and Thoma Bravo.

About Syntellis Performance Solutions

Syntellis Performance Solutions provides innovative enterprise performance management software, data and analytics solutions for healthcare, higher education, and financial institutions. Syntellis’ solutions include Axiom, Connected Analytics, and Stratasan software. These solutions help finance professionals elevate performance by acquiring insights, accelerating decisions, and advancing their business plans. With over 2,800 organizations and 450,000 users relying on our solutions, we have proven expertise in helping organizations transform their vision into reality. For more information, please visit www.syntellis.com

About Madison Dearborn Partners

Madison Dearborn Partners, LLC (“MDP”) is a leading private equity investment firm based in Chicago. Since MDP’s formation in 1992, the firm has raised aggregate capital of over $28 billion and has completed over 150 platform investments. MDP invests across five dedicated industry verticals, including basic industries; business and government software and services; financial and transaction services; health care; and telecom, media and technology services. For more information, please visit www.mdcp.com.

About Thoma Bravo

Thoma Bravo is one of the largest software investors in the world, with more than US$127 billion in assets under management as of March 31, 2023. Through its private equity, growth equity and credit strategies, the firm invests in growth-oriented, innovative companies operating in the software and technology sectors. Leveraging Thoma Bravo’s deep sector expertise and strategic and operational capabilities, the firm collaborates with its portfolio companies to implement operating best practices and drive growth initiatives. Over the past 20 years, the firm has acquired or invested in more than 440 companies representing over US$250 billion in enterprise value*. The firm has offices in Chicago, London, Miami, New York and San Francisco.

*including control and non-control investments

About Roper Technologies

Roper Technologies is a constituent of the S&P 500 and Fortune 1000. Roper has a proven, long-term track record of compounding cash flow and shareholder value. The Company operates market leading businesses that design and develop vertical software and technology enabled products for a variety of defensible niche markets. Roper utilizes a disciplined, analytical, and process-driven approach to redeploy its excess capital toward high-quality acquisitions. Additional information about Roper is available on the Company’s website at www.ropertech.com.

About Strata Decision Technology

Strata Decision Technology provides an innovative cloud-based financial planning, analytics and performance platform that is used by healthcare providers for financial planning, decision support and continuous improvement. Founded in 1996, the Company’s client base includes over 2,000 hospitals representing over 450 healthcare delivery systems. The Company’s StrataJazz® application is a single integrated software-as-a-service platform that includes modules for financial planning, decision support and performance management. Strata’s headquarters are in Chicago, IL. For more information, please visit www.stratadecision.com/strata-and-syntellis.

Categories: News

Tags:

Paragin Group acquires training administration software provider Coachview

Main Capital Partners

Paragin Group acquired training administration software provider Coachview, with the support of strategic software investor Main.

Paragin Group, a leading EdTech solutions provider with a specialized assessment and e-portfolio offering, has acquired training administration software provider Coachview, with the support of strategic software investor Main Capital Partners. The acquisition of Coachview marks Paragin’s second add-on acquisition, after joining forces with math-driven assessment software specialist SOWISO in 2022. The addition of Coachview to the Paragin Group will create a comprehensive product suite with strong combined expertise, technology leadership and a shared customer base.

Coachview is a developer of SaaS course administration solutions that form the digital backbone of learning services providers, schools and universities. The solutions are used by schools and training and examination institutions at all educational levels in the Netherlands and Belgium. The combination of Coachview and the Paragin Group marks another milestone in the EdTech group’s buy-and-build strategy. Together, the companies uniquely position themselves as the most comprehensive vendor to commercial training institutions, supporting lifelong learners at every step of their journey.

The Coachview platform gives its users control over their administrative processes, allowing them to service their customers more effectively while providing flexibility and insights and improving overall efficiency. The platform provides a modular and configurable solution that suits the needs of every commercial training institution. The solution automates ranges from core processes ranging from course planning and student relationship management to automated invoicing, trainer management, and offers connections to other software like accounting and learning systems.

Paragin and Coachview can offer a comprehensive suite to their (shared) clients that brings together both companies’ strengths. Paragin specializes in student-facing assessment, learning and development solutions, providing innovative tools that empower learners in their educational journey. Coachview excels in offering the administrative backbone, delivering robust systems and processes to manage educational and training institutions efficiently. Integrating Paragin’s best-of-breed assessment and e-portfolio capabilities into the broader Coachview suite will lead to a differentiating offering. This will help training institutions to automate workflows and optimize organizational efficiency while empowering learners with improved (individualized) performance assessment and better learning outcomes.

Frank van der Linden, Co-founder of Coachview, says: “Since 2008, we’ve worked tirelessly to enhance training providers’ processes with our smart software offering, transforming Coachview into a dynamic platform that offers maximum support to trainers, instructors, and trainees. Joining the Paragin Group unlocks new opportunities to deliver even more value. I’m thrilled to collaborate with Paragin, driving growth and creating value for our customers.” Marcel Kremers, Co-founder of Coachview, adds: ”With Coachview, we’ve successfully established market leadership in course administration software in the Benelux. The synergy between our companies is undeniable, and we strongly believe that together we can achieve more than the sum of our parts. We’re excited to join forces with the Paragin Group, providing added value to our customers!”

Jeroen Bakker, CEO at Paragin Group, states: “Coachview provides a fantastic platform for training organisations and schools to structure and streamline their processes to work much more efficiently and effectively. With a very broad and enthusiastic customer base, they serve a wide range of customers directly and through partners, from universities to vocational and special needs education and from commercial training agencies to in-house corporate academies, municipalities and sector funds. This makes Coachview the heart of the administrative organisation, where Paragin’s products are at the centre of learning and assessment for students and learners. We look forward to presenting that combination to our customers and partners.”

Sjoerd Aarts, Partner at Main and Chairman of Paragin’s Supervisory Board, concludes: “We are thrilled to announce the acquisition of Coachview by our portfolio company, Paragin Group. This highly strategic partnership fits perfectly within our strategy of creating a leading European EdTech provider with innovative solutions that cater to evolving needs throughout the learning journey. We are excited about the synergies and value this partnership brings to Paragin’s customers, stakeholders, and the EdTech ecosystem.”

We are excited about the synergies and value this partnership brings to Paragin’s customers, stakeholders, and the EdTech ecosystem.

– Sjoerd Aarts, Partner at Main and Chairman of Paragin’s Supervisory Board

About

Coachview

Coachview is a provider of cloud-based training administration solutions for commercial education, corporate in-house academies and training institutions in the Benelux region. The Coachview platform functions as an ERP-system that forms the administrative backbone throughout the learning journey.  The company was founded in 2000 by Frank van der Linden and Marcel Kremers who are still in charge of the day-to-day management. Today, the company employs almost 25 employees and serves a diversified clientele of more than 250 customers that includes the TU Delft, Vanderlande, Boels, Aeres Group and Utrecht University of Applied Sciences.

Paragin

Paragin Group, consisting of the brands Paragin and SOWISO, is a leading provider of software designed to propel individuals towards their maximum potential. Paragin is a domain leader in solutions for the development of competences, knowledge and talent for education, exam institutions, publishers and companies of all sizes and industries. Paragin’s product suite encompasses solutions for online admission & placement testing, formative & summative assessments (for generic as well as  mathematics-related courses), as well as an e-portfolio offering that offers users the opportunity to develop and showcase skills, experience and qualifications. Paragin provides modern, cloud-based software solutions to over 750 organizations directly and indirectly via partners including vocational education, universities of applied sciences, research universities, educational publishers, corporates and (semi-)public customers. Our committed team of almost 70 people based in our Nijkerk (NL) and Amsterdam (NL) offices serves our loyal customer base across the globe.

Categories: News

Tags:

Nomadia secures investment from Hg

HG Capital

Paris, France. 20th July 2023. Nomadia, a leading European SaaS provider of smart mobility solutions, announced that it has secured a majority investment from Hg, a leading investor in European and transatlantic software and services businesses. As part of this transaction, the Nomadia management team and former majority owners will continue as investors in the business.

Headquartered in France, Nomadia’s mobile applications and SaaS solutions enable companies to plan and optimize their mobile workers’ travel and activity in real-time. Its solutions address the daily needs of mobile professionals such as technicians, sales representatives and delivery drivers. Nomadia delivers tangible ROI to its clients including material productivity gains and can reduce CO2 emissions by up to 30%. It serves over 2,200 clients and more than 188,000 users across 28 countries.

Fabien Breget, CEO of Nomadia, said: “This investment from Hg is both a testament of Nomadia’s leading position and a recognition of the great work from our team. We were impressed by Hg’s depth of expertise, agility in execution and partnership mindset. Hg brings a network of talent, significant financial capital and decades of experience in scaling premium software businesses. This partnership represents a formidable springboard to accelerate our development, product innovation and international ambition.”

Nomadia sits at the core of Hg’s experience in ERP & Payroll software, where it currently has over €7 billion capital at work. Over the past 12 months, Hg has raised over €20 billion additional capital for new investments and recently opened an office in Paris, France, to further accelerate its activity in the region.

Alexandre Flavier, Partner at Hg, said: “We are delighted to partner with Fabien and his talented team. We were impressed by the quality of their products, the strength of their clients’ feedback, and the impact of their mission: to enable mobile workforces to gain productivity while increasing safety standards and reducing CO2 emissions. We look forward to helping them build a European champion, accelerating their growth at scale and beyond borders.”

Going forward Hg’s investment and expertise will be used to support Nomadia’s investment in R&D and product innovation, including in AI, IoT and machine learning. The company will be able to leverage best practices from the Hg portfolio, notably in go-to-market, operational excellence, and tech platform roadmap, and capitalize on access to Hg’s deep network of talent. Hg will also support Nomadia’s international growth, both organically and via acquisitions, to reinforce the business’ leadership position in Europe.

The terms of the transaction are not disclosed.

For further information, please contact:

Nomadia:
AxiCom France
rpnomadia@axicom.com

Categories: News

Tags:

Existing Investors Double Down on o9 Solutions’ Growth With Incremental Investment at $3.7 Billion Valuation

KKR

Latest investment round of $116 Million led by General Atlantic’s BeyondNetZero

o9 announces 55% YOY increase in Annual Recurring Revenue as of Q2 2023;

Adds experienced operating executive Gary Reiner to its Board

DALLAS, July 19, 2023 –  o9 Solutions, a leading enterprise AI software platform provider for transforming planning and decision-making for global enterprises, today announced that its existing investors, led by General Atlantic’s BeyondNetZero the inaugural companion fund for the growth equity firm’s climate investing efforts, have invested an additional $116 million in the Company. Existing investors KKR and Generation Investment Management also participated in the round. The investment values o9 at $3.7 billion, up from $2.7 billion since the Company’s last investment round in January 2022.

The investment follows a period of continued outperformance by o9, including 55% year-over-year growth in Annual Recurring Revenue (ARR) as of Q2’23. The Company also reported 67% year-over-year ARR growth as of Q1’23 and 65% growth in 2022.

In conjunction with the transaction, o9 also announced that General Atlantic Operating Partner and tenured business executive Gary Reiner has joined the Company’s Board of Directors, bringing deep expertise at the intersection of technology, strategy and operations. Mr. Reiner joined General Atlantic in 2010 and provides strategic support and counsel to the firm’s technology investment teams and portfolio companies. Prior to joining General Atlantic, Mr. Reiner served as Senior Vice President and Chief Information Officer at General Electric for nearly 20 years. Prior to that, he was a Partner with The Boston Consulting Group. Mr. Reiner also serves on the boards of several public companies, including Hewlett-Packard Enterprise and Citigroup.

“We continue to be thrilled with o9’s terrific customer value proposition, offering truly material and measurable outcomes relative to traditional planning software vendors and thereby providing strong blue chip client satisfaction,” said Gary Reiner, Operating Partner at General Atlantic. “Since we first partnered with o9 in early 2022, the Company has helped deliver significant revenue growth, working capital improvements and expense reductions for many large global enterprises. Our deepened support of o9 reflects the enthusiasm we have for the business and its seasoned management team, particularly as their innovative model supports the transition to more sustainable supply chains across the enterprise. We look forward to our continued partnership.”

“The investment by our existing investors at a premium to our last funding round and against a backdrop of an overall pullback in market valuations is continued validation of our performance and execution against our long-term strategy. We will continue our strategy of client satisfaction and innovation as a driver of efficient growth across industry verticals and markets.”

Categories: News

Tags: