Altor Fund II (“Altor”) has entered into an agreement to divest Qmatic Group AB (“Qmatic”) to Valsoft Corporation Ireland (“Valsoft”), a vertical software specialist based in Canada.
Altor invested in Qmatic in 2007, the company then focused on providing queue management solutions. The partnership aimed to continue building Qmatic’s platform and expanding into new markets and customer segments. Today, Qmatic is the leading Customer Journey Management solution globally, a position that was established through M&A and organic growth. Under Altor’s ownership, Qmatic has also transitioned from a mainly hardware-focused company to a software company with a multi-tenant SaaS platform.
About Altor
Since inception, the family of Altor funds has raised more than EUR 12 billion in total commitments. The funds have invested in just south of 100 companies. The investments have been made in medium-sized predominantly Nordic and DACH companies with the aim to create value through growth initiatives and operational improvements. Among current and past investments are Silo AI, Meltwater, Raw Fury, and F24.
About Qmatic
Qmatic is a global leader in reshaping connections between people and services for truly excellent customer experiences. Working seamlessly with partners all over the world, we provide over 2 billion customer journeys every year, on more than 65,000 systems, in over 120 countries and across several sectors such as finance, healthcare, retail and public services. Creating a world where everyone can access the services they need.
About Valsoft
Valsoft acquires and develops vertical market software companies that deliver mission-critical solutions. A key tenet of Valsoft’s philosophy is to invest in established businesses and foster an entrepreneurial environment that shapes a company into a leader in its respective industry. Unlike private equity and VC firms, Valsoft does not have a predefined investment horizon and looks to buy, hold, and create value through long-term partnerships with existing management and customers. Learn more at www.valsoftcorp.com.
