Breens Network acquires Educator

Capital-A

AMSTERDAM, 17 JANUARY 2021 – With the recent acquisition of software developer Educator, Breens Network has strengthened its position as a provider of secure and reliable educational working and learning environments which allow students, staff, teachers and managers to maximise the efficiency of their digital infrastructures and achieve maximum result in supporting personal development.

– Acquisition of Educator strengthens Breens Network’s digital working and learning solution.
– Expanding the range of integrated digital solutions to improve life long learning and personalized education.
– Strengthens the position of Breens Network in their mission to unburden education by offering support in their digital transformation to a secure digital working and learning environment

Breens Network was originally set up from the ambition of innovating the Dutch educational system through the implementation of new and established technologies. In our day and age, entire generations of students, teachers, staff, managers and directors are experiencing the transition from physical to digital, a process taking place within a dynamic environment which requires increased management of ongoing professionalisation, personalised learning from the cloud and socially relevant curricula, with safety and privacy also calling for new levels of attention. At the same time, there are several other challenges as well, due to the shortage of teachers, high workloads and overcrowded classrooms.
Breens Network, the new name for what was formerly known as Kofschip Groep, is a Dutch EdTech organisation, committed to the field of education and everything related to learning and teaching. Our primary objective is to support our customers in dealing with the process of digital transformation, helping them to increase their effectiveness, the quality of their output, their (cost) efficiency and the flexibility of their organisations. In doing so, we operate from the vision that the technology and advice we provide, unambiguously contribute to our customers achieving their organisational or personal targets. With the ultimate goal of making life as easy as possible for the educational institutions we support.

“Breens Network’s strength is a result of its total commitment to the field of education and the concept of lifelong learning. Now more than ever, there is a profound need for guidance and advice, for development, implementation and management. In short, there is a need for trust. The acquisition of Educator marks a significant broadening of our range of services and a substantial reinforcement of our working and learning environment, particularly in terms of its safety and reliability.”
Geert-Jan van der Snoek
CEO Breens Network

Educator was created in 2005, as part of the Putten-based Vanenburg Group, a family-owned investment group founded by Jan Baan. “We started Educator 15 years ago from our vision of ‘lifelong learning’. Today, we represent a highly innovative and market-leading software platform with its own dedicated SIS solution, a Student Information System for the education industry”, explains Paul Baan, speaking for the Vanenburg Group. “We see Breens Network is the ideal long-term partner, perfectly positioned to leverage the strength of Educator in providing a robust solution and driving advanced digitisation, unburdening of educational institutions and exploring additional opportunities in decentralised government and other markets.” “It allows us to focus more on our fast-growing software activities in the field of ERP optimisation, while also expanding the exploitation of Vanenburg Castle as a hotel, restaurant, convention centre and wedding venue.”

Educator is a developer of software applications for educational and decentralised government institutions, contributing, with the solutions it offers, to well organised schooling and effective student support. This way, the organisation has, since as early as 2005, broadened the options for personalised education. Committed to reliable and consistent development and management of software to help continuously improve and redefine the key processes of its customers. It makes Educator one of the most innovative Dutch software developers in the industries of education and healthcare and the market of decentralised government.

For Educator, joining the Breens Network organisation opens up new and improved opportunities for growth and a broadening of the options offered by the digital working and learning environment. “Our educational solutions, like the Student Information System, the Education Catalogue and the Study Guide, are an excellent addition to the products and services offered by Breens Network. Together, we can be successful in further strengthening our position in the market for digital working and learning environments. It also allows us, in cooperation with our customers, to speed up the ongoing process of re-innovating our solutions, while the operational scope of the Breens Network organisation provides the communities we serve with the certainty of continuity. This is all very good news, both for our customers and for the employees of Educator”, says Jan Jaap Kanis, General Director of Educator. “One of the key challenges educational institutions are facing, is adequately, proactively and flexibly meeting students’ requirements. To be able to do this, what you need is not only a partner who can offer practical know-how, you need a partner who can create cooperation and encourage the sharing of knowledge.”

About Breens Network

Breens Network was originally set up from the ambition to innovate by using both new and established technologies. Today, with SLBdiensten, IT-Workz, Slim.nl, MBOwebshop.nl, Slimindeklas.nl and Breens.nl, the organisation offers a distinctive and distinguishing brand portfolio. Breens Network is a Dutch ICT-organisation, committed to its customers in education, healthcare and decentralised government. It is our goal to support them in the process of digital transformation, helping them to increase their effectiveness, the quality of their output, their (cost) efficiency and the flexibility of their organisations. Operating, as we do, from the vision that the technology and advice we provide, unambiguously contribute to our customers achieving their organisational or personal targets. And making the best possible use of our extensive digital and technological expertise, complemented with in-depth knowledge of the markets we operate in. The professionals employed by our organisation are a guarantee for effective and excellent partnerships. Together, they look after the needs of over one million students, 90,000 teachers, 40,000 staff members and virtually all of the Dutch schools in higher and secondary vocational education. Focus, in Breens Network’s operations, is on four central areas of competence: the digital working (and learning) environment, cloud migration & management, IT Security and Business Intelligence data apps. The company employs a total of 160 enthusiastic professionals. Its head office is in Amsterdam.

About Educator

Educator develops software applications for educational and decentralised government institutions, contributing, by doing so, to well-organised schooling and effective student support. This way, the organisation has, since as early as 2005, broadened the options for personalised education. From demand management and flexibilisation to formative evaluation, Educator has seen many new trends in the education industry. And through it all, by continuing to communicate with the institutions we have been working with over the years, we have become a genuine education partner, offering valuable practical expertise. The communication we have with the institutions we support, takes place on all levels of the organisations, covering operational, tactical and strategic issues. Apart from this, we actively promote dialogue between educational institutions in various forms of consultation forums, like user groups, steering committees and an Advisory Board. Here, we discuss not only topics related to our software and its ongoing development, but also the future of education in general and the role Educator can continue to play in particular.
Educator products are being used on a daily basis by thousands of students and educational professionals in secondary education, high schools, third level education and private schools. One example of the widely used Educator applications is the Student Information System, a tool allowing students, counsellors and other interested parties to monitor progress in the acquisition of skills and competencies. There is also a dedicated Educator design tool, which lets educational staff create and analyse optimally coherent education programs. And for easy documentation and presentation of these programs, Educator offers the Education Catalogue tool.

About Vanenburg Group

Vanenburg Group is a family-owned investment group established by Jan Baan, Chairman of Vanenburg Group, founder of Baan Company and Cordys and a successful investor in TopTier and WebEx. Today, operational executive authority is shared by a second-generation management team, consisting of the three brothers Paul, Ardjan and Bernhard Baan. As a software provider, Vanenburg assists large and medium-sized businesses in updating their IT-infrastructures by developing innovative ERP extensions & integrations. Vanenburg Group employs a staff of over 100 expert professionals in The Netherlands and India. The company operating from the authentic17th century Vanenburg Castle and Estate, located near the city of Putten in the Dutch province of Gelderland. This unique location also serves as a hotel, restaurant, convention centre and wedding venue.

Categories: News

Tags:

Oqton raises $40M Series A financing round

Fortino Capital

Ghent, Belgium / San Francisco, USA – Oqton, Inc., the U.S.- and Belgium-based software company specialising in AI-powered solutions for the manufacturing industry, today announces that it has raised over $40M in a Series A financing round, led by Fortino Capital, a leading B2B software investor, by PMV, the regional Flemish investment fund, and by Sandvik, a global engineering group. The founding team (Samir Hanna and Ben Schrauwen) and several angel investors, including Carl Bass (former CEO Autodesk), Dries Buytaert (Drupal and Acquia), and Peter Mercelis (Layerwise) also participated in the round. The financing will be used to further develop its platform, while expanding its commercial partnerships in multiple domains and verticals (Additive manufacturing, Robotic welding, CNC machining).

Oqton’s platform is unique in that it combines several manufacturing software capabilities (CAD, PLM, CAM, IOT, MES, QMS) into a single platform, enabling an unprecedented degree of AI-powered automation and optimization. Users can automatically capture expert knowledge and eliminate repetitive tasks, access technologies remotely and across multiple sites, and optimize production planning to improve utilization and quality.

Samir Hanna, Oqton’s Co-Founder and Chairman, said: “We can already achieve 100% automation in the dental and jewelry verticals, resulting in 30% overall cost reduction. Given the platform strategy, the software can be targeted to many specific industry verticals, like dental, jewelry, medical, industrial and aerospace, as well as to different personas and workflows within those industries.”

Being fully integrated, users can also link the platform to their traditional technologies, such as CNC, welding, and post-processing machines for a truly end-to-end manufacturing solution, making their processes faster, more adaptable, and more cost-effective. Oqton has already established partnerships with EOS, Sisma, Trumpf, Prodways and Sandvik.

Oqton’s Co-Founder and CEO, Ben Schrauwen, said: “We are keen to have new investors on board who can help us scale globally, with both a direct and indirect sales approach. We truly think the time has come for the manufacturing space to embrace the cloud and we are working hard to facilitate this.”

This funding round coincides with the announcement that Ben Schrauwen, Oqton’s CTO, will be taking over as CEO. Samir Hanna, Oqton’s Co-Founder and leaving CEO, will become Executive Chairman.

More on Oqton in today’s article in Belgian newspaper De Tijd (Dutch version only).

About Oqton
Oqton develops AI-powered manufacturing solutions to allow manufacturers to manage, optimize, and automate their additive manufacturing workflows. Their software offering is a secure, cloud-based platform that links data across the complete manufacturing ecosystem – from design to production to logistics. Founded in San Francisco, Oqton is based in Ghent, Belgium, with offices in the US, China and Denmark.

About Fortino Capital Partners
Fortino Capital Partners is a Benelux-focused enterprise software investor with a pan European reach. Fortino Capital invests in both Venture Capital and Growth private equity assets. With offices in Antwerp and Amsterdam, Fortino Capital’s investment portfolio includes Teamleader, Insided, MobileXpense, Efficy CRM, Sigma Conso and iObeya among others.

About PMV
PMV is a do and dare company that shapes the economic future of Flanders. PMV finances promising companies from the very start to growth and internationalization. PMV offers tailor-made financial solutions for every entrepreneur with a solid business plan and a strong management team, by providing venture capital, loans and guarantees. An experienced and highly motivated team of 125 professionals endeavors every day to achieve the goal of creating prosperity and well-being in Flanders. PMV has a portfolio of about € 1.3 billion in assets under management.

About Sandvik Group
Sandvik is a high-tech and global engineering group offering products and services that enhance customer productivity, profitability and safety. Sandvik holds world-leading positions in selected areas – tools and tooling systems for metal cutting; equipment and tools, service and technical solutions for the mining industry and rock excavation within the construction industry; products in advanced stainless steels and special alloys as well as products for industrial heating. In 2019, the Group had approximately 40,000 employees and revenues of about 100 billion SEK in more than 160 countries within continuing operations.

Categories: News

Tags:

ThoughtWorks Receives $720 Million Investment at an Enterprise Value of $4.6 Billion

Apax

14 January 2021

January 14, 2021 Chicago – ThoughtWorks, a global software consultancy today announced that GIC, Siemens AG, Fidelity Management and Research LLC, and Mubadala Investment Company have invested $720 million in the company.

ThoughtWorks Receives $720 Million Investment at an Enterprise Value of $4.6 Billion

Founded over 25 years ago, ThoughtWorks has grown from a small team in Chicago to a leading global software consultancy of more than 7,000+ ThoughtWorkers. Its roots are in digital transformation and agile software development and the company has been at the forefront of defining the tech principles used by some of the world’s most successful organizations.

The proceeds will be used to repurchase equity from existing investors. The new commitment of capital comes as the company continues to invest in growth and international expansion.

“This placement is a very positive indicator of how strong our company and brand are perceived in the market. It’s wonderful that GIC, Siemens, Fidelity and Mubadala see ThoughtWorks to be a strong investment and this is an endorsement of the strength and relevance of our business and people”, said Guo Xiao, president and chief executive officer, ThoughtWorks.

“Since partnering with ThoughtWorks in 2017, the company has gone from strength to strength – accelerating growth and profitability and transforming to be world class in a highly strategic global market. ThoughtWorks’ talented employees, global footprint and reputation for technical excellence make it a standout offering in the rapidly evolving digital transformation space”, said Rohan Haldea, partner at Apax. “We welcome GIC, Siemens, Fidelity and Mubadala Investment Company as additional investors to support the company’s growth strategy.”

“Siemens strongly believes in the growth potential of supporting the digitalization of businesses across all industries. We believe that ThoughtWorks is the right partner with outstanding capabilities. I am proud of our investment to jointly accelerate digital transformation,” said Cedrik Neike, managing board member of Siemens, responsible for Digital Industries and Siemens Advanta.

“As the clear market leader in digital transformation, ThoughtWorks’ long term growth prospects were key to our investment decision. The company’s unique offerings are pivotal to the digitization of many businesses which we see accelerating in 2021 and beyond,” said Tim Breen, executive director, Technology at Mubadala.

Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC served as placement agents to ThoughtWorks in connection with this transaction. Kirkland & Ellis LLP acted as legal advisor to ThoughtWorks.

This press release is for informational purposes only and shall not constitute, or form a part of, an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities.

About ThoughtWorks
We are a software consultancy and community of passionate purpose-led individuals, 7000+ people strong across 46 offices in 15 countries. Over our 25+ year history, we have helped our clients solve complex business problems where technology is the differentiator. When the only constant is change, we prepare you for the unpredictable.

About Apax Partners LLP
Apax Partners is a leading global private equity advisory firm. Over its more than 40-year history, Apax Partners has raised and advised funds with aggregate commitments of approximately $50 billion. The Apax Funds invest in companies across four global sectors of Tech & Telco, Services, Healthcare and Consumer. These funds provide long-term equity financing to build and strengthen world-class companies. For more information see: www.apax.com.

About GIC
GIC is a leading global investment firm established in 1981 to manage Singapore’s foreign reserves. As a disciplined long-term value investor, GIC is uniquely positioned for investments across a wide range of asset classes, including equities, fixed income, private equity, real estate and infrastructure. Headquartered in Singapore, GIC has investments in over 40 countries and employs over 1,700 people across 10 offices in key financial cities worldwide. For more information on GIC, please visit www.gic.com.sg.

About Siemens
Siemens AG (Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for more than 170 years. Active around the world, the company focuses on intelligent infrastructure for buildings and distributed energy systems and on automation and digitalization in the process and manufacturing industries. Siemens brings together the digital and physical worlds to benefit customers and society. Through Mobility, a leading supplier of intelligent mobility solutions for rail and road transport, Siemens is helping to shape the world market for passenger and freight services. Via its majority stake in the publicly listed company Siemens Healthineers, Siemens is also a world-leading supplier of medical technology and digital health services. In addition, Siemens holds a minority stake in Siemens Energy, a global leader in the transmission and generation of electrical power that has been listed on the stock exchange since September 28, 2020. In fiscal 2020, which ended on September 30, 2020, the Siemens Group generated revenue of €57.1 billion and net income of €4.2 billion. As of September 30, 2020, the company had around 293,000 employees worldwide. Further information is available on the Internet at www.siemens.com.

About Mubadala Investment Company
Mubadala Investment Company is a sovereign investor managing a global portfolio, aimed at generating sustainable financial returns for the Government of Abu Dhabi.

Mubadala’s $232 billion (AED 853 billion) portfolio spans six continents with interests in multiple sectors and asset classes. We leverage our deep sectoral expertise and long-standing partnerships to drive sustainable growth and profit, while supporting the continued diversification and global integration of the economy of the United Arab Emirates.

Headquartered in Abu Dhabi, Mubadala has offices in London, Rio de Janeiro, Moscow, New York, San Francisco and Beijing. For more information about Mubadala Investment Company, please visit: www.mubadala.com.

Contact
Reyne Quackenbush
rquacken@thoughtworks.com
M 732-261-7420

Categories: News

Tags:

Priveq invests in IMI – a leading niche provider of supply chain software

Priveq

Priveq Investment is the new majority owner of Industri-Matematik International AB (“IMI”), a leading provider of mission-critical supply chain software headquartered in Linköping, Sweden. The IMI software solutions play a central role in automating and streamlining key workflows and are targeted to customers dealing with the largest and most complex distribution networks.

 Since the foundation in 1967, IMI has been designing and integrating configurable solutions that transform high-volume distribution of fast-moving goods into a competitive advantage for international and market leading trading companies. Today the software handles over 1 billion order lines annually and IMI´s customers include some of the largest wholesale distributors, grocery stores, pharmaceutical retail chains and 3PL companies in the Nordics, in Europe and in North America. IMI has more than 80 employees and generated revenues of around SEK 170m in 2020.

“Priveq has followed IMI’s development for several years and we are very excited to now invest as well as partner up with management to accelerate growth. We are impressed by IMI’s strong customer offering and close relationships, which provides a stable foundation for continued expansion with existing as well as new customers“, says Senai Ayob, Partner and Investment manager at Priveq.

“With Priveq as the new owner we will increase investments in our software, sales and marketing, and our team. This will strengthen our market position further and help our customers to develop a more efficient and sustainable supply chain“, says Niklas Rönnbäck, CEO at IMI.

Priveq was advised by Setterwalls, Deloitte, Cupole and Omegapoint in connection with the transaction.

For more information, please contact:

Senai Ayob, Partner Priveq
+46 70 459 23 61
senai.ayob@priveq.se

Niklas Rönnbäck, CEO IMI
+46 70 553 19 99
niklas.ronnback@im.se

About IMI
IMI is an international software development company with offices in Sweden and clients extending 18 countries. By combining forces to untangle complex distribution challenges, our devoted and experienced team of experts develop and deliver scalable solutions that improve control, efficiency and profitability across global supply chain operations. This in-house competence makes us an effective and flexible partner throughout the development journey for our clients in the fast-moving goods, retailing, wholesale distribution, and 3PL industries. The core of what we do is to ensure that trading companies can deliver on their promises every time – today and for years to come. With an astounding 99.9 % uptime, IMI’s supply chain systems expedite more than one billion order lines per year for 10,000 users across 200 warehouses.

Categories: News

Tags:

ThoughtWorks Receives $720 Million Investment at an Enterprise Value of $4.6 Billion

Apax

14 January 2021

January 14, 2021 Chicago – ThoughtWorks, a global software consultancy today announced that GIC, Siemens AG, Fidelity Management and Research LLC, and Mubadala Investment Company have invested $720 million in the company.

Founded over 25 years ago, ThoughtWorks has grown from a small team in Chicago to a leading global software consultancy of more than 7,000+ ThoughtWorkers. Its roots are in digital transformation and agile software development and the company has been at the forefront of defining the tech principles used by some of the world’s most successful organizations.

The proceeds will be used to repurchase equity from existing investors. The new commitment of capital comes as the company continues to invest in growth and international expansion.

“This placement is a very positive indicator of how strong our company and brand are perceived in the market. It’s wonderful that GIC, Siemens, Fidelity and Mubadala see ThoughtWorks to be a strong investment and this is an endorsement of the strength and relevance of our business and people”, said Guo Xiao, president and chief executive officer, ThoughtWorks.

“Since partnering with ThoughtWorks in 2017, the company has gone from strength to strength – accelerating growth and profitability and transforming to be world class in a highly strategic global market. ThoughtWorks’ talented employees, global footprint and reputation for technical excellence make it a standout offering in the rapidly evolving digital transformation space”, said Rohan Haldea, partner at Apax. “We welcome GIC, Siemens, Fidelity and Mubadala Investment Company as additional investors to support the company’s growth strategy.”

“Siemens strongly believes in the growth potential of supporting the digitalization of businesses across all industries. We believe that ThoughtWorks is the right partner with outstanding capabilities. I am proud of our investment to jointly accelerate digital transformation,” said Cedrik Neike, managing board member of Siemens, responsible for Digital Industries and Siemens Advanta.

“As the clear market leader in digital transformation, ThoughtWorks’ long term growth prospects were key to our investment decision. The company’s unique offerings are pivotal to the digitization of many businesses which we see accelerating in 2021 and beyond,” said Tim Breen, executive director, Technology at Mubadala.

Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC served as placement agents to ThoughtWorks in connection with this transaction. Kirkland & Ellis LLP acted as legal advisor to ThoughtWorks.

This press release is for informational purposes only and shall not constitute, or form a part of, an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities.

About ThoughtWorks
We are a software consultancy and community of passionate purpose-led individuals, 7000+ people strong across 46 offices in 15 countries. Over our 25+ year history, we have helped our clients solve complex business problems where technology is the differentiator. When the only constant is change, we prepare you for the unpredictable.

About Apax Partners LLP
Apax Partners is a leading global private equity advisory firm. Over its more than 40-year history, Apax Partners has raised and advised funds with aggregate commitments of approximately $50 billion. The Apax Funds invest in companies across four global sectors of Tech & Telco, Services, Healthcare and Consumer. These funds provide long-term equity financing to build and strengthen world-class companies. For more information see: www.apax.com.

About GIC
GIC is a leading global investment firm established in 1981 to manage Singapore’s foreign reserves. As a disciplined long-term value investor, GIC is uniquely positioned for investments across a wide range of asset classes, including equities, fixed income, private equity, real estate and infrastructure. Headquartered in Singapore, GIC has investments in over 40 countries and employs over 1,700 people across 10 offices in key financial cities worldwide. For more information on GIC, please visit www.gic.com.sg.

About Siemens
Siemens AG (Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for more than 170 years. Active around the world, the company focuses on intelligent infrastructure for buildings and distributed energy systems and on automation and digitalization in the process and manufacturing industries. Siemens brings together the digital and physical worlds to benefit customers and society. Through Mobility, a leading supplier of intelligent mobility solutions for rail and road transport, Siemens is helping to shape the world market for passenger and freight services. Via its majority stake in the publicly listed company Siemens Healthineers, Siemens is also a world-leading supplier of medical technology and digital health services. In addition, Siemens holds a minority stake in Siemens Energy, a global leader in the transmission and generation of electrical power that has been listed on the stock exchange since September 28, 2020. In fiscal 2020, which ended on September 30, 2020, the Siemens Group generated revenue of €57.1 billion and net income of €4.2 billion. As of September 30, 2020, the company had around 293,000 employees worldwide. Further information is available on the Internet at www.siemens.com.

About Mubadala Investment Company
Mubadala Investment Company is a sovereign investor managing a global portfolio, aimed at generating sustainable financial returns for the Government of Abu Dhabi.

Mubadala’s $232 billion (AED 853 billion) portfolio spans six continents with interests in multiple sectors and asset classes. We leverage our deep sectoral expertise and long-standing partnerships to drive sustainable growth and profit, while supporting the continued diversification and global integration of the economy of the United Arab Emirates.

Headquartered in Abu Dhabi, Mubadala has offices in London, Rio de Janeiro, Moscow, New York, San Francisco and Beijing. For more information about Mubadala Investment Company, please visit: www.mubadala.com.

Contact
Reyne Quackenbush
rquacken@thoughtworks.com
M 732-261-7420

Categories: News

Tags:

Symphony Talent Research Finds Most Companies Still Lag in Talent Nurture and Automation Strategies

Stg Partners

NEW YORK and LONDON, JANUARY 14, 2021 Symphony Talent, a recruitment marketing technology company that helps recruiting teams automate tasks and empower interactions, just released its 2021 Recruitment Marekting Strategies Report, based on six years of research on Fortune 500 companies.

“We’ve been able to quantify the growth and investment in recruitment marketing as a necessary discipline since 2015,” said Roopesh Nair, chief executive officer at Symphony Talent. “In this volatile year, it’s clear that the most agile and successful companies were the few that had already established a solid strategy and technology foundation.”

Some of the most prominent businesses in national news due to their impact on and response to the pandemic — like CVS Health, Stryker, and Ecolab — were among the 14% of the Fortune 500 categorized as recruitment marketing pioneers (“A” grades), scoring high in categories like nurture, personalization and initiative hiring.

CVS Health — a company that hired more than 61,000 people this year, including 2,000+ displaced workers from hard-hit industries — took the number one overall spot for the second year in a row due to its leading strategies in employer branding content, talent network communication, and adoption of emerging technology like conversational engagement and candidate relationship management (CRM) automation.

“Our plans for innovation ‒ like utilizing new strategies in our CRM, upskilling the team on tools, improving the candidate experience touchpoints, flipping our recruitment funnel ‒ started long before 2020,” said Kerry Noone, director of employer branding at CVS Health. “When COVID-19 hit, our plans just accelerated, and we continued to grow throughout the pandemic, allowing us to hire pharmacists, pharmacy technicians, and nurses to administer the COVID-19 vaccine as soon as it was available.”

While A-scoring companies are slightly up over six years of research, the vast majority of the Fortune 500 still struggle to utilize technology, effectively communicate with unique talent audiences, and connect the dots across recruiting channels. A few crucial findings include:

  • Companies are trying to use ATSes and/or CRMs to more efficiently connect with talent. 76% of companies now have a talent network or job alerts, up from 57% in 2019.
  • Having a talent network doesn’t mean excelling at talent nurture. Only 54% of companies send any type of communication to people, the majority of which are unpersonalized job reqs.
  • While the use of conversational engagement has almost doubled since 2017, still only 11% of companies utilized a chatbot on their career site.

“I’m extremely excited to see more employers leveraging talent networks to connect with passive candidates in 2020; however, I’m also surprised at the lack of utilization of powerful, intuitive tools that help them communicate to and ultimately hire the right candidates,” Ben Eubanks, principal analyst at Lighthouse Research & Advisory, commented. “I expect the lessons we’ve learned in 2020 will help propel these adoption numbers higher in the coming months.”

The Symphony Talent in-house research team focused on 27 critical recruitment marketing strategies utilized by the Fortune 500 across search, career site, talent network and social media channels from August to November 2020. For the first time, Symphony Talent’s report also looks at a comparison set of companies from the Fortune 50 Fastest Growing.

Download the research report here.

About Symphony Talent

Software that works for you, and you love to work in. Symphony Talent is a recruitment marketing technology company that helps recruitment teams automate tasks for efficiency and empower smarter candidate interactions. Its SmashFlyX platform unifies CRM, career site, and programmatic advertising for the most comprehensive talent campaigning and marketing in the industry. As an employer brand and creative partner, Symphony Talent has won major awards for EVP strategy, employer brand campaigns, career site design, and more. The company supports more than 600 customers across the globe, with headquarters in New York, London, Bangalore, and Belfast. Visit symphonytalent.com to learn more, and follow us on Twitter @SymphonyTalent_ and @SymphonyT_EU.

Categories: News

Tags:

K1 Agrees to Sell Clarizen, the Category Leader in Enterprise Collaborative Work Management, to Planview

No Comments

K1

LOS ANGELES, January 12, 2021 — K1 Investment Management, LLC (“K1”), a leading investment firm focusing on high-growth enterprise software companies, today announced it has entered into a definitive agreement to sell Clarizen, the category leader in Enterprise Collaborative Work Management software. Clarizen, based in Tel Aviv, Israel and San Mateo, California, will be acquired by Planview, a leading portfolio and work management solutions platform backed by TA Associates and TPG Capital. K1 will continue to hold a minority stake in the combined company.

K1 acquired Clarizen in 2018 and partnered with management to expand the company’s North American presence while driving topline growth and expanding profitability. With K1’s backing, Clarizen made several targeted go-to-market and product investments that resulted in nearly doubling the company’s enterprise business. In October 2020, the company was recognized as a leader in project and portfolio management software by G2 Crowd and ranked #1 in user experience and ease of implementation.

“K1 was the perfect partner for Clarizen over the last few years,” said Boaz Chalamish, Executive Chairman at Clarizen. “They helped us accelerate our expansion in North America, continued to support investment in our products and helped drive substantial improvements in our team.”

Clarizen’s customer base includes over 900 organizations in over 120 countries including Box, Siemens, Blackrock, Western Union and Dell.

“Clarizen has become a clear category leader in enterprise work management,” said Sujit Banerjee, Managing Director of K1 Operations, LLC. “We identified Clarizen as having one of the best products in the industry when we first invested, and we worked closely with Boaz and his team to execute on the vision for becoming the global solution for enterprises looking to use technology to do more with less.”

The transaction is subject to regulatory approval. Clarizen was advised by William Blair as financial advisor, and Morris, Manning & Martin LLP and Meitar as legal counsel in the US and Israel, respectively.

Financial terms of the combination were not disclosed.

About K1

K1 builds category-leading enterprise software companies. As a global investment firm, K1 assists high-growth businesses to achieve successful outcomes, and invests alongside strong management teams that continue to guide their organizations on a day-to-day basis. With over 100 professionals, K1 and its operating affiliate, K1 Operations LLC, change industry landscapes by assisting with operationally-focused growth strategies designed to assist portfolio companies scale efficiently. Since inception of the firm, K1 has partnered with over 135 enterprise software companies including industry leaders such as Apttus, Buildium, Checkmarx, ChiroTouch, Clarizen, ControlUp, Emburse, FMG Suite, Granicus, Graduway, IronScales, Litera Microsystems, Onit, Rave Mobile Safety, RFPIO, Smarsh, WorkForce Software and Zapproved. For more information about K1, please visit k1capital.com or follow us at linkedin.com/company/k1im.

About Clarizen

Clarizen connects work across the enterprise, turning ideas into strategies, plans, and action. With Clarizen, organizations can work the way they want to work and have real time visibility into all their workstreams. This keeps teams focused on the things that matter, delivers results faster, and helps them exceed their company goals and customers’ expectations. Thousands of global customers, such as Jones Lang LaSalle (JLL), Siemens, De Beers, Ricoh, Box and Shaw Industries, across a wide variety of industries in 124 countries rely on Clarizen to help them achieve their business goals. To learn more, visit clarizen.com.

SOURCE: PRNewswire

Copy Link

Categories: News

Tags:

Employee Navigator Raises $34 Million in Growth Equity Financing

JMI Equity

BETHESDA, Md.–(BUSINESS WIRE)–Employee Navigator, a leading benefits administration & HR software provider, announced it has raised $34 million in growth equity funding from JMI Equity. The minority investment will go towards hiring across all functions and expanding Employee Navigator’s product offerings.

The company began licensing its benefits and HR products to insurance brokers in 2012 and has expanded its offerings to partner with the nation’s leading insurance carriers, payroll companies, and third-party administrators (TPAs) to provide a unified benefits and HR solution. Employee Navigator’s growth has accelerated over the past few years; they now support over 2,000 of the nation’s leading insurance brokers, over 50,000 employers, and over 10 million employees and dependents.

“As our business matured, we became convinced of the opportunity to sustainably build a substantial company supporting our core market,” said George Reese, Founder and CEO of Employee Navigator. “We believe there is a need for an agnostic company to bring the benefits ecosystem stakeholders together, and we are confident Employee Navigator can be that trusted partner. We have come to know JMI very well over the last two years and feel they are the ideal long-term partner for our business goals. Ultimately, this was an opportunistic fundraise as we’ve been profitable since 2015 and continue to grow profitably despite the COVID-19 headwinds, and we are excited to deliver more great products and services to our customers and partners.”

“George and the Employee Navigator team have built a resilient business well-positioned for accelerated growth, as demonstrated by their record new business and profitability through COVID,” said David Greenberg, General Partner at JMI Equity. “The Company has established itself as a leader in the benefits administration software space, with impressive employee scale on the platform and some of the most positive customer and partner reference calls we have ever completed. Most importantly, George and the team have the deep insurance industry experience that is crucial to sustained success in this space. We are incredibly excited to partner with Employee Navigator and support their compelling long-term vision.”

About Employee Navigator

Employee Navigator is a rapidly growing benefits, compliance, and HR software provider. The company currently works with more than 2,000 industry-leading brokers nationwide, providing benefits administration and HR products to over 50,000 companies and 10 million employees and dependents.

Employee Navigator has also been named a Top Workplace by the Washington Post in 2017, 2018, 2019 and 2020. For more information, visit www.employeenavigator.com

About JMI Equity

JMI Equity is a growth equity firm focused on investing in leading software companies. Founded in 1992, JMI has invested in over 150 businesses in its target markets, successfully completed over 100 exits, and raised more than $4 billion of committed capital. JMI partners with exceptional management teams to help build their companies into industry leaders. For more information, visit www.jmi.com.

Contacts

For Employee Navigator:
Kyle Reese
kreese@employeenavigator.com
301-583-5185

For JMI Equity:
Chuck Dohrenwend / Will Braun
Abernathy MacGregor
cod@abmac.com / whb@abmac.com
212-371-5999

Categories: News

Tags:

Hornetsecurity Agrees to Acquire Software Solutions Provider Altaro to Create International Cloud Security and Compliance Software Platform

Verdane Capital

Transformative acquisition by Hornetsecurity to establish pan-European solution to security and compliance issues in the Microsoft 365 environment

Hanover, Germany –Hornetsecurity Group, a leading European provider of cloud-based email security and data protection headquartered in Germany, today announced that it has agreed to acquire Altaro, a high-growth international provider of reliable backup solutions. The acquisition will transform the company from being a regional leader in cloud email security to an international cloud security and compliance platform.

Altaro provides cloud back-up software for Microsoft Office 365 and virtual machine (VM) software focused on mid-market and SMEs. Headquartered in Malta with offices in the UK, Germany, France, North Macedonia and the US, Altaro serves over 50,000 customers across more than 120 countries.

This transaction will significantly expand Hornetsecurity’s international presence and product range, making the company a pan-European solutions provider to security and compliance issues in the Microsoft 365 environment. As part of the transaction, Altaro’s founders will be appointed into management roles within Hornetsecurity.

 

The transaction is supported by Hornetsecurity’s shareholders Verdane, the Northern European specialist growth equity investor and PSG, a leading growth equity firm partnering with lower middle-market software and technology-enabled service companies.

“We’re thrilled to welcome the Altaro team to help drive the next phase of our growth,” said Daniel Hofmann, CEO of Hornetsecurity. “As we look to provide all organisations with a complete security and compliance solution for their use of cloud technologies, integrating Altaro’s backup solutions into Hornetsecurity’s email cloud security product portfolio will complete the comprehensive security package puzzle.”

David Vella, CEO of Altaro, added: “We have found exactly the right strategic buyer in Hornetsecurity and are delighted to become part of the group. The two companies’ existing business lines complement each other perfectly, and by combining these along with our pooled industry experience and know-how, we are confident in Hornetsecurity’s ability to become the European market leader in cloud security.”

Financial terms of the transaction were not disclosed.

 

About Hornetsecurity Group

Hornetsecurity is a leading email cloud security provider in Europe, which protects the IT infrastructure, digital communication and data of companies and organizations of all sizes. Founded in 2007, the security specialist from Hanover, Germany, provides its services worldwide via 9 redundant, secured data centres. The product portfolio covers all important areas of email security, including spam and virus filters, legally compliant archiving and encryption, as well as defense against CEO fraud and ransomware. With around 200 employees, Hornetsecurity is represented globally at 11 locations and operates in more than 30 countries through its international distribution network. The premium services are used by approximately 40,000 customers including Swisscom, Telefónica, KONICA MINOLTA, LVM Versicherung, DEKRA and Claas.

Further information on www.hornetsecurity.com

 

About Altaro

Altaro is a high-growth developer of reliable backup solutions for managed service providers (MSPs), IT resellers and enterprises. The company has over 50,000 customers in 121 countries around the world, 10,000 partners and over 2,000 MSPs. Altaro offers cost-effective and professional features without unnecessary aspects that add costs or excessive complexity. The flagship product is the backup solution for virtualized environments Altaro VM Backup. It is becoming increasingly popular and is the first choice for Hyper-V and VMware backups and replications. Altaro Office 365 Backup is a subscription solution for backing up and restoring Office 365 mailboxes. A backup solution for physical Windows servers is also available. Altaro has offices in the U.S., U.K., Germany, France, northern Macedonia and Malta.

For further information visit www.altaro.com

 

About Verdane

Verdane is a specialist growth equity investment firm that partners with ambitious Northern European tech-enabled businesses to help them reach the next stage of international growth. Verdane pioneered portfolio acquisitions in Northern Europe in 2003, and announced a complementary fund strategy entirely dedicated to direct investments in 2018. Verdane’s eight funds hold €2.1bn in total commitments and have made over 120 investments in category leaders within software, digital consumer, and energy & resource efficiency. Verdane’s team of more than 60, based in Berlin, Copenhagen, Helsinki, London, Oslo and Stockholm, is dedicated to being the preferred growth partner in Northern Europe. www.verdane.com

About PSG

PSG is a growth equity firm that partners with lower middle-market software and technology-enabled services companies to help them navigate transformational growth, capitalize on strategic opportunities and build strong teams. Having backed more than 60 companies and facilitated over 250 add-on acquisitions, PSG brings extensive investment experience, deep expertise in software and technology, and a firm commitment to collaborating with management teams. Founded in 2014, PSG operates out of offices in Boston, Kansas City and London.

 

Press contacts

Jonathan Bui, Communications Manager
Verdane
press@verdane.com
+46 76 27 28 100

Categories: News

Tags:

Smile Invest acquires a majority stake in 4ITEGO Group

Smile Invest

Smile Invest takes a majority stake in the leading provider of digital transformation software solutions 4ITEGO. Smile Invest invests alongside Xavier Werbrouck (founder and CEO) and the management team and replaces Robur Capital as growth accelerator.

4ITEGO was founded in 2017 as a result of the merger of CadCorner and GPO Solutions. In 2019, Infinite Simulation Systems and 4ITEGO Global Services joined the group. Through its subsidiaries, 4ITEGO is a reference provider of software solutions and services, focused on product development and digital process integration. The company acts as a partner for its customers and also provides consultancy and implementation services and trainings in addition to software solutions. 4ITEGO is active in the Benelux and has about fifty employees in their offices in Kortrijk (BE) and Breda (NL).

The solutions of 4ITEGO are mainly based on the software packages of PTC and Ansys. PTC is a leading software platform for computer-aided design (CAD) and product life cycle management (PLM). In addition, PTC is also a trendsetter in fast growing areas such as industrial internet of-things (IIoT) and augmented reality (AR). Ansys is the undisputed leader in industrial simulation software and has a wide range of solutions for digital simulations in product development (computer-aided engineering (CAE)). 4ITEGO is a recognized PTC Platinum Partner and Ansys Elite Partner.

Xavier Werbrouck, founder and CEO of 4ITEGO, is looking forward to the partnership with Smile Invest and the further growth prospects of the company. “Over the past few years, 4ITEGO has realised a strong growth trajectory, strengthening our market position in the Benelux. Together with Smile Invest, we will continue to expand the range of services and solutions offered to our customers and partners. We are convinced that Smile Invest is the ideal partner to support our growth given their focus on innovative companies and their knowledge and experience in digitalization of development and production processes.

Wim Deblauwe, Managing Director at Robur Capital: “In 2017 we entered into a partnership with Xavier Werbrouck and his team to turn 4ITEGO into a leading player in the Benelux market. Thanks to the strong organic growth and acquisitions of GPO Solutions and Infinite Simulation Systems, 4ITEGO added complementary companies to the group. We would like to thank the 4ITEGO team for the pleasant cooperation over the past years and wish them every success in continuing the growth story.”

Thomas Dewever and Bart Cauberghe, Managing Partners at Smile Invest: “We are looking forward to welcoming 4ITEGO at Smile Invest. 4ITEGO has realized an impressive growth trajectory. Thanks to the recent acquisitions of GPO Solutions and Infinite Simulation Systems the group has profound know-how and expertise in industrial automation and digital transformation. Together with Xavier Werbrouck, we are happy to continue this successful growth story and will continue to consider further acquisitions.”

About Smile Invest:

Smile Invest (Smart Money for Innovation Leaders) is a European evergreen investment firm with €350 million of assets under management, financed by 40 entrepreneurial families and with a long-term focus on innovative growth companies. Smile Invest focuses on companies active in technology, healthcare and digital services. From its offices in Leuven and The Hague, the team supports ambitious entrepreneurs and management teams in realising their growth plans.

Contact Smile Invest:
Thomas Dewever, Managing Partner – thomas.dewever@smile-invest.com +32 476 42 35 82

About Robur Capital:

Robur Capital is an open-ended investment fund established in 2016 providing growth capital and operational support to mature and profitable small and medium-sized enterprises.

Contact Robur Capital:
Wim Deblauwe, Managing Director –wim.deblauwe@roburcapital.be +32 494 500 419

Categories: News

Tags: