arragona and San Sebastian, Spain. 2 August 2024. CTAIMA, a leading provider of software and specialised services for contractor management, health & safety, ESG and compliance, today announces that it has joined forces with e-coordina, a leading provider of contractor management software and services in Spain. As a result of this transaction Hg, a leading investor in European and transatlantic software and services businesses, will become a strategic investor in the combined business.
(This press release is also available in Spanish.)
Headquartered in Tarragona, Spain, CTAIMA was founded in 2003 as a consulting firm providing legal and health & safety advice. Today the business has evolved into an international SaaS platform and provider of contractor management software, with one of the largest global networks of contractors and suppliers, seamlessly connecting over 100,000 contractors and subcontractors, with over 1,000 clients across 17 countries worldwide.
Lorenzo Zavala, co-CEO of CTAIMA, said: “Our mission is to empower professionals to create safer and more responsible organisations, with a commitment to every individual managing these risks. Bringing CTAIMA and e-coordina together will create a contractor compliance champion in Spain and Portugal, with a highly complementary product suite and one of the largest combined networks in the region, connecting 2,000 buyers with over 160,000 suppliers across Iberia.”
Luis de los Santos, co-CEO of CTAIMA, said: “This is a very exciting day for us and an important milestone for both CTAIMA and e-coordina. We are grateful to our teams, customers and partners, who have been key in our trajectory of growth over the last two decades and with whom we’ll continue partnering to help organisations become safer, more responsible and more sustainable. Hg is a world-class software investor and their support and experience will help us to reinforce this mission, enhancing our service offerings and expanding into new regions.”
Founded in 2007 and based in San Sebastian, e-coordina is a leading provider of contractor management software and services in Spain, providing customers with supplier and external worker compliance management & access control, as well as management of occupational risk prevention.
Iñigo Martinez, founder of e-coordina, said: “We’re really excited about joining forces with CTAIMA to create the best platform in Iberia, bringing more innovation to benefit our many thousands of buyers and suppliers, who are fulfilling highly critical services every day.”
CTAIMA has experienced rapid growth in recent years, driven by its commitment to innovation and customer satisfaction. Hg’s investment will further support this growth and expansion into new countries across Europe, enhancing its product offering – including the integration of GenAI – and reinforce CTAIMA’s position as a leading provider of environmental, risk and safety management software.
Christopher Fielding, Partner and Louis Kinsella, Director at Hg, said: “Hg has been investing in legal and compliance software for over two decades. This experience enabled us to identify CTAIMA and e-coordina as high-quality businesses with enormous potential to expand in this sector. We are also delighted to invest in our first Spanish software platform and look forward to working with Lorenzo, Luis and their stellar management team.”
The terms of the transaction have not been disclosed.
For further information, please contact:
CTAIMA and e-coordina:
Mar March
Email: mmarch@ctaima.com
Hg:
Tom Eckersley
Email: tom.eckersley@hgcapital.com
About CTAIMA
CTAIMA is a leading provider of software and specialized services for contractor management, health & safety, ESG, and compliance. CTAIMA orchestrates one of the largest global networks of contractors and suppliers, seamlessly connecting over 100 thousand contractors and subcontractors with over a thousand clients worldwide. https://www.ctaima.com/
About e-coordina
e-coordina is a leading provider of contractor management and health & safety software and tech-enabled services. With offices in San Sebastián, Madrid, Portugal and Colombia, e-coordina manages one of the largest networks of clients and suppliers in Iberia, offering high quality services to help manage mission-critical processes for its customers. https://www.e-coordina.es/
About Hg
Hg supports the building of sector-leading enterprises that supply businesses with critical software applications or workflow services, delivering a more automated workplace for their customers. This industry is characterised by digitization trends that are in early stages of adoption and are set to transform the workplace for professionals over decades to come. Hg’s support combines deep end-market knowledge with world class operational resources, together providing compelling support to entrepreneurial leaders looking to scale their business – businesses that are well invested, enduring and serve their customers well.
With a vast European network and strong presence across North America, Hg’s 400 employees and around $70 billion in funds under management support a portfolio of around 50 businesses, worth over $150 billion aggregate enterprise value, with around 110,000 employees, consistently growing revenues at more than 20% annually. https://hgcapital.com/
