Paris, April 23, 2025 – Main Capital Partners (‘Main’), Trace One, and STG Partners, LLC (‘STG’) are pleased to announce Main’s strategic acquisition of Trace One, a SaaS provider in Product Lifecycle Management (PLM) and compliance software, from its previous principal owner, STG. This transaction marks Main Capital’s inaugural platform investment in France, following the recent opening of its Paris office in February 2025.

Founded in 2001 and headquartered in Paris, Trace One has emerged as a strong player in delivering innovative PLM and compliance solutions tailored to the food & beverage, cosmetics & personal care, and chemical industries. Trusted by over 9,000 global brands, including industry giants such as Carrefour, Cargill, Barilla, Nestlé, and Ahold Delhaize; Trace One’s robust platform simplifies complexity, enhances collaboration, and optimizes every phase of the product lifecycle, from ideation to market launch.

Trace One’s proven experience and commitment to excellence enable companies worldwide to accelerate growth, improve sustainability, and consistently meet rigorous standards of quality and compliance. With an international team of 500 employees operating across 15 countries, Trace One boasts the scale and reach to support a prestigious, global customer base.

This acquisition underscores Main Capital’s strategic ambition to invest in innovative, market-leading B2B software companies, positioning Trace One for continued expansion, enhanced innovation, and accelerated global impact. Managing Partner Sven van Berge, who is leading the Business Transformation and Manufacturing product-markets at Main Capital will chair the Supervisory Board of Trace One.

Under STG’s ownership, Trace One achieved international expansion, highlighted by the strategic milestone acquisition of Selerant in March 2022. In the next chapter of growth, Main Capital and Trace One will collaborate to further elevate the company’s global presence, deepen expertise in existing markets, explore new industry verticals, and expand their product suite with innovative, complementary solutions. Leveraging Main Capital’s specialized experience in international buy-and-build strategies, this partnership will accelerate Trace One’s growth and innovation, reinforcing its commitment to delivering unmatched value to customers worldwide.

Jonas Kruip, Co-Head of Main France said: “The investment in Trace One holds great strategic value for Main, marking the first French platform investment after opening the Paris office earlier this year. Trace One furthermore fits in one of our core product-markets. Trace One has a strong market position as a verticalized PLM software provider with a highly international profile and is experiencing strong momentum in the US. We are highly enthusiastic about the opportunities we see together with the management team to further internationalize the company, expand into adjacent verticals and focus on continuous product innovation in which a selective international buy-and-build strategy will play a significant role.”

Christophe Vanackère, CEO of Trace One, added: “Our new partnership with Main Capital represents a significant milestone in Trace One’s growth journey. With our global vision reinforced, we remain deeply committed to expanding internationally and investing in industry-leading innovations that elevate customer experience. By empowering all brands to accelerate their digital transformation, we help them consistently deliver greater value and maintain their competitive edge in an increasingly dynamic market.”

Stockholm, 22^nd April 2025 – Pointsharp, a Swedish Identity and Access Management (IAM) software provider, has acquired Stockholm-based Vemendo AB (“Vemendo”). Vemendo provides software for identity management, user provisioning, and lifecycle management, which enables user information to be up to date, identity information to be easily tracked within the organization, and for users to log in securely to multiple networks or systems. This synergistic acquisition presents a strong strategic fit with Pointsharp and aligns with the company’s growth strategy in the European Identity and Access Management software market. The acquisition of Vemendo marks Pointsharp’s fifth add-on acquisition since Main Capital Partners (“Main”) became a majority investor in November 2020. The combination is expected to complement and enhance Pointsharp’s IAM offerings, further strengthening its position in the Nordics and across the rest of Europe.

Vemendo’s offering of identity management, federation services, and identity provisioning software integrates well with Pointsharp’s existing solutions and strengthens the implementation of the company’s growth strategy. Vemendo serves a wide range of clients, focusing on the public sector and larger corporates in industrials, defence, and retail.

Wessel Ploegmakers, Partner and Head of Nordics at Main Capital Partners, comments: “Vemendo marks Pointsharp’s fifth acquisition and solidifies Pointsharp’s position in the Nordic and European Identity and Access Management software industry. Through the acquisition, Pointsharp expands on the functionalities offered to existing and new clients across multiple industries. The acquisition will strengthen the position of Pointsharp in providing Identity and Access Management solutions going forward.”

Niklas Brask, CEO at Pointsharp, says: “We are thrilled to announce the acquisition of Vemendo, a strategic move that significantly enhances our capabilities as a European Identity and Access Management (IAM) vendor. This acquisition not only expands our footprint in the identity fabric but also strengthens our commitment to provide trusted and innovative European solutions to our customers.”

Tomas Ericsson, CEO at Vemendo, concludes: “We are proud to become part of Pointsharp, a company that shares our vision for secure and efficient identity and access management. This allows us to continue developing leading-edge solutions for our customers while benefiting from the scale, experience, and broader capabilities of Pointsharp. Together, we will be even better positioned to support our clients in navigating the increasing demands of digital identity and access management across the world.”

The Hague, April 15^th 2025 – Today, Whitevision announces the acquisition of Intelligent Document Processing (IDP) software provider Factuurportal. The acquisition further solidifies Whitevision’s IDP product offering and market position within the Benelux, providing a solid foundation for further international growth. The transaction marks the second step in the buy-and-build strategy of Whitevision since partnering up with Main Capital Partners in August 2024.

Founded in 2018 and headquartered in Rotterdam (NL), Factuurportal is a developer and provider of AI-based software solutions designed to streamline document processing by automatically recognizing and converting various document types. The product suite of Factuurportal consists of tools for data recognition, validation and conversion. This allows users to automatically extract document data from various formats, check the data against legal and custom criteria, and convert the data into a format that integrates with the existing administrative systems. Factuurportal has a sector-agnostic customer base, yet has a stronger position in the government, healthcare and retail verticals. The customers are primarily located in the Benelux; notable examples i.a. include BMN, Staedion and Port of Amsterdam.

Factuurportal and Whitevision operate in the fast-growing Intelligent Document Processing (IDP) software market, driven by trends like increasing digitization and process automation, which are expected to continue expanding the global market. The IDP market remains relatively fragmented, with several large players driving consolidation. The combination of Factuurportal and Whitevision marks a strategic step in positioning Whitevision as a consolidator in the industry while enhancing its product portfolio.

Frank de Wit, Chief Executive Officer and Founder of Whitevision: “Together, Factuurportal and Whitevision share an ambition to grow internationally and become the leading Intelligent Document Processing software provider in Europe. Our partnership sets us on a path to achieve this ambition and, most importantly, to deliver a better and more complete software suite to all our customers.”

Rob Klaver, Chief Executive Officer of Factuurportal: “Both strategically and culturally, there is a very strong fit between Factuurportal and Whitevision. We are excited to join forces with the Whitevision team to accelerate our growth, both domestically as well as abroad. Additionally, I am really looking forward to the collaboration with Frank and the broader Whitevision team.”

Sjoerd Aarts, Managing Partner & Head of Benelux at Main Capital Partners: “The acquisition of Factuurportal by Whitevision perfectly aligns with our strategy to build software groups that are leaders in their product-market. This combination is an excellent example of how the buy-and-build journey benefits both companies and customers. Together, Whitevision and Factuurportal are ready to tackle the growing Intelligent Document Processing market with more accurate, more efficient, and better integrated solutions.”