BRUSSELS, 17 June 2020 – Fortino Capital Partners, a Benelux-based growth equity investor in software, today announces its investment in Sigma Conso, a fast growing Corporate Performance Management software provider. Sigma Conso, headquartered in Brussels, employs over 40 FTEs and has local offices in Western-Europe and Asia serving over 600 customers.
Initially focused on consolidation software, today Sigma Conso addresses all needs of CFO in terms of Corporate Performance Management (i.e., consolidation, intercompany reconciliations, budgeting, planning, and management reporting). Along with its software offering, Sigma Conso differentiates itself through its deep financial expertise, offering training and advisory services to its customers. Sigma Conso helps out customers to generate transparency on the performance of its business, more than ever a must in these Covid-19 times.
Sigma Conso is active in 20 countries, serving over 600 customers, varying from mid-sized businesses to large companies (e.g., D’Ieteren, Sofina, Proximus, Besix,, Umicore, Eiffage and CMB).
Dominique Galloy came on board as CEO and owner in 2006. Over the last 14 years Dominique has grown Sigma Conso together with his team into an international and highly recognised software company.
Fortino Capital recognizes Sigma Conso’s leading role in the Corporate Performance Management market and the credentials the team has built up. Financial software is a core segment for Fortino Capital as B2B software investor, after its investment into MobileXpense, a leading European expense management provider.
Fortino Capital acquires Sigma Conso alongside management to further grow and expand the company internationally. This is the 20th B2B software investment by Fortino Capital, and the 6th platform investment of its Growth Private Equity Fund I.
Dominique Galloy, CEO of Sigma Conso: “Over the past two decades, we have become a sizeable European player by serving our customers with great software and deep expertise. Together with Fortino Capital, a real expert in B2B software, we are now ready for an accelerated growth phase together. I am personally very excited about the prospects of the business. With the support of Fortino Capital, I am committed to further serve our customers in a great way.”
Filip Van Innis, Investment Director at Fortino Capital: “We are impressed by Sigma Conso’s strong track record. Being a company at the core of our Growth Fund strategy, i.e., mission critical software in an expanding market, we are delighted to support Dominique and his team going forward. As much as we are pleased to welcome Patrick Van Deven, as Chairman of the Board. Patrick is a seasoned software executive who made his career at both SAS and SAP.”
About Sigma Conso
Sigma Conso, founded in 2002, provides Corporate Performance Management software together with training and advisory services. The Company has a global presence, evidenced by its diversified customer base in 20 countries and local offices in Europe and Asia. For more information, please visit www.sigmaconso.com.
About Fortino Capital Partners
Fortino Capital Partners is a European enterprise software investor, managing a €240m growth private equity fund and two venture capital funds for earlier stage software opportunities. The firm has offices in Antwerp and Amsterdam. Fortino Capital’s investment portfolio includes MobileXpense, Efficy CRM, Odin Groep, Tenzinger, Maxxton, LetsBuild, Teamleader, among others. For more information, please visit
www.fortinocapital.com.
