Tag Archives: Information technology

The acquisition of ROITI supports Dataciders to expand its customer base in DACH and reinforces its expertise in the energy & utility sector

Rivean

Next step towards competence expansion and internationalization:

  • By acquiring ROITI, Dataciders expands its customer base within the energy & utility market in the DACH region
  • ROITI strengthens Dataciders’ expertise in the energy sector with a focus on energy trading and risk management systems and adjacent fields
  • Fourth acquisition since Rivean Capital’s entry in January 2024

28 October 2024

Dortmund/Sofia (Bulgaria). With the acquisition of the Bulgaria-based full-service consultancy ROITI, Dataciders further expands its position as a leading provider of Data & AI solutions in the DACH region. ROITI offers end-to-end Data & AI consulting services with a specialized focus on energy trading and risk management (ETRM) systems and adjacent fields.

The acquisition supports Dataciders (i) to further expand its customer base within the energy & utility market in the DACH region and beyond, and (ii) to strengthen its position in the ETRM field.

ROITI brings an experienced team of more than 90 consultants and engineers, primarily serving enterprise customers in Europe, with a focus on Germany and Switzerland. Through its deep expertise with the Endur and Molecule platforms, ROITI also expands Dataciders’ existing technology stack, especially in the field of ETRM.

“The impressive development of ROITI from a small team with deep domain expertise to a leading services provider in energy trading not only demonstrates the company’s successful growth but also reflects the increasing demand for innovative Data & AI solutions in the energy sector. This acquisition underscores our commitment to meet the evolving market requirements and provide tailored solutions that help our clients to enhance their efficiency and remain competitive. At the same time, this growth strategy strengthens our position as a leading provider of Data & AI in an increasingly data-driven environment,” says Dr. Gero Presser, CEO of Dataciders.

Rivean Capital’s buy-and-build strategy

Matthias Wilcken, Senior Partner at Rivean Capital, explains: “The acquisition of ROITI is another consistent step in the buy-and-build strategy for Dataciders. This acquisition strengthens Dataciders’ vertical diversification and further drives the internationalization roadmap through customer base expansion, esp. in Switzerland. We look forward to leveraging further advancing growth opportunities in this dynamic market.”

Strengthening of the market presence

With the acquisition of ROITI, Dataciders expands its presence in the energy & utility sector, a market characterized by significant growth and increasing requirement for energy trading systems. ROITI’s strong customer network, particularly in Germany and Switzerland, complements Dataciders’ international growth strategy in the DACH region. ROITI is headquartered in Sofia, the capital of Bulgaria, which is also home to Dataciders Catenate BG.

Ventsislav Topuzov, Managing Partner of ROITI, emphasizes: “The merger with Dataciders offers us three key opportunities: access to new and larger clients, access to new competencies, and more possibilities for scaling our business. We can achieve these goals alongside like-minded individuals with diverse backgrounds and experiences, allowing us to challenge each other and improve together.”

—

About Rivean Capital
Rivean Capital is a leading European private equity investor for mid-market transactions, active in the DACH region, the Benelux countries, and Italy. Funds advised by Rivean Capital manage over EUR 5 billion in assets. Since its inception in 1982, Rivean has supported more than 250 companies in realizing their growth ambitions and has a strong track record of supporting and scaling successful high-tech businesses with cross-border growth agendas, including footprint expansions and operational excellence trajectories. Headquartered in Amsterdam, Netherlands, Rivean Capital also has offices in Brussels, Frankfurt/Main, Milan, and Zug, enabling a strong local presence across key European markets.

Categories: News

Tags:

Polaris and 7N enter partnership

Polaris

We are pleased to announce that Polaris Private Equity V K/S has signed an agreement to acquire 7N A/S, a provider of freelance IT consultants. The investment will be the twelfth investment in the fund since inception. 7N is headquartered in Copenhagen, Denmark, with a global reach and local presence across seven countries with core markets being Denmark and Poland, and recorded DKK +1,500m revenue in 2023.

“We have known and respected 7N for many years, and we are impressed with the quality of the consultants, staff and customers, who continues to hold great growth and development potential. Based on a proven delivery model that integrates the best aspects of traditional IT and brokerage consultancies, combined with robust core values, 7N has delivered strong performance and holds the potential to further develop into a true industry leader. We look forward to cooperating with the 7N team on their strategic priorities and contributing to the continued progress through targeted investments while also drawing on our prior experience from the freelance IT consultancy space,” says Rune Lillie Gornitzka, Partner at Polaris.

Please see the following press release:

English
Danish

For further information, please contact:
Rune Lillie Gornitzka, Partner
Phone: +45 3525 3465
Mail: rg@polarisequity.dk

Joachim Satchwell, Director
Phone: +45 3525 3107
Mail: js@polarisequity.dk

Jan Johan Kühl, Managing Partner
Phone: +45 3526 3574
Mail: jjk@polarisequity.dk

Categories: News

Tags:

Sofyne Active Technology partners with AG Solution to form SAPHIR, a European leader in digital transformation for the industry

Waterland

Paris, 21 October 2024 – Sofyne Active Technology and AG Solution group, both specialists in digital transformation for the industrial sector, have teamed up with their leadership teams in a strategic operation backed by the pan-European investment fund Waterland Private Equity. This partnership aims to create a leading European IT services company that will support industrial clients in addressing the challenges of their Industry 4.0 journey.

Founded in Lyon in 2005 by Stéphane Lusoli, Sofyne Active Technology today boasts a recognized know-how in MES/MOM/PLM software integration. This expertise enables it to support major international industrial  groups in the luxury goods, automotive and energy sectors in their digital transformation towards Industry 4.0. With a presence in 6 European countries (France, Switzerland, UK, Portugal, Sweden, Poland), Sofyne Active Technology is currently the number 1 workforce for Dassault Systèmes’ DELMIA APRISO software in Europe. Sofyne Active Technology has been experiencing significant growth and expansion for several years.

AG Solution, founded in 2007, in Antwerp, by Eric Billiard and Guy D’haese, brings its expertise in automation systems, process control, data management, operational intelligence, MES/MOM solutions, Artificial  Intelligence, ICT infrastructure, and OT security to industries such as pharmaceuticals, chemicals, waste-to-energy and food & beverage. The company has 13 offices, including 11 in Europe (Belgium, Spain, France, the Netherlands, Germany, Ukraine, Portugal) and two in the United States (New York, Houston).

Through this major European partnership, the two companies, now united under the SAPHIR entity, share a common ambition: establish a leading Industry 4.0 group by 2030. The newly formed group plans to accelerate its international growth and carry out further external expansion initiatives.

“Six months after Waterland’s involvement, we’re marking a significant milestone in our journey to become a pan-European leader in industrial digital transformation. With a combined team of 400 engineers and consultants, renowned for their excellence, Sofyne Active Technology and AG Solution will be well-equipped to tackle the increasingly complex challenges of Industry 4.0 by offering high-level expertise, consultancy and services to their clients,” said Stéphane Lusoli, CEO of Sofyne Active Technology.

“Following our successful MBO two years ago, this merger with Sofyne Active Technology is a key step in achieving our 2030 vision. It will allow us to provide even more high-value-added services in the MOM space to our industrial clients. We will also complete Sofyne Active Technology’s offering to its clients with automation, operational intelligence, and MES/MOM Cyber security solutions,” said Eric Billiard, CEO of AG Solution.

“We are convinced of the strategic importance of this partnership, and that’s why we’re committed to supporting Sofyne Active Technology, AG Solution, and their leadership teams at every step of this  transformative project. The merger will deliver increased value, expertise, and new service offerings to the clients of both companies, addressing the demands of industrial digital transformation,” commented Louis Huetz, Partner, and Pierre Naftalski, Investment Director, at Waterland.

About Saphir
Saphir comes from the partnership of Sofyne Active Technology and AG Solution. It aims to position itself as a leading group in Industry 4.0 in Europe. With its various locations in Europe (France, Belgium, Spain, Portugal, UK, Poland, Switzerland, Netherlands, Germany, Ukraine) and the United States, and more than 400 engineers and consultants, the Saphir group supports its customers on all Industry 4.0 issues thanks to a wide range of expertise and services.

About Sofyne Active Technology
Founded in 2005 in Lyon and specializing in digital transformation for industry, Sofyne Active Technology operates across Europe (France, Switzerland, UK, Portugal, Sweden, Poland). With its wide range of services, Sofyne Active Technology guides top-tier industrial clients from various sectors (luxury, automotive, energy, etc.) through their digital transformation toward Industry 4.0. The company is particularly renowned for its expertise in industrial data management software integration.

About AG Solution
Founded in 2007, AG Solution specializes in digital transformation for industry in both Europe and the United States (Belgium, Spain, France, the Netherlands, Germany, Ukraine, and the United States). AG Solution serves a diverse clientele (Food & Beverage, pharma, chemicals, etc.) and is known for its expertise in automation systems, process control, data management, operational intelligence, MES/MOM solutions, ICT infrastructure, Artificial Intelligence and Cyber security. As a strategic partner, AG Solution helps clients define their  operational environments, design innovative roadmaps, and integrate cutting-edge technologies to generate lasting value and measurable results.

Press Contacts:
Olivia Andrez – waterland@the-arcane.com | +33 6 85 52 86 03
Laurence Van Doosselaere – vandoosselaere@waterland.be | +32 473 88 05 21

Categories: News

Tags:

Syntax Systems Acquires Argon Supply Chain Solutions

Novacap

MONTRÉAL, October 15, 2024 –Syntax Systems, a Novacap portfolio company and a leading global technology solutions and services provider for cloud application implementation and management, announced it has acquired Argon Supply Chain Solutions, a firm specializing in warehouse management and supply chain optimization solutions and SAP® Gold Partner. Argon serves a growing range of multi-national customers across the world through its presence in the UK and South Africa.

“The Argon team is renowned for its market leading knowledge and Digital Supply Chain excellence through their partnership with SAP,” said Christian Primeau, Global CEO of Syntax. “By welcoming the Argon team to the growing Syntax family, we are expanding our capabilities and infusing a critical component within our core industry verticals. Together, we are growing our services and reach to better serve our respective customers with full implementation lifecycle support for logistics execution.”

“As part of Syntax, Argon will have additional resources to grow our reach into new markets and industry verticals. Having worked together in the past, I am confident that our culture fit, and growing set of best-in-class capabilities will equally benefit our employees and our respective customers. Together, we are in a better position to further our mission of delivering operational performance improvements to a growing international customer base,” commented Argon co-founders Peter Kerr and David Webb.

“Novacap is proud to support Syntax’s acquisition of Argon. As committed partners, we are dedicated to advancing Syntax’s leadership in the SAP ecosystem, and application management and cloud services sector. The addition of Argon’s team and capabilities will help empower more businesses in the Consumer Products and Goods, Retail, Manufacturing, Wholesale and Distribution, Mining and Life Sciences verticals,” said Ted Mocarski, Senior Partner at Novacap.

Syntax is a portfolio company in the TMT VI Fund of Novacap, one of North America’s established private equity firms. Argon is Syntax’s seventh add-on acquisition since partnering with Novacap.

About Syntax

Syntax provides comprehensive technology solutions and trusted professional, advisory, and application management services to power businesses’ mission-critical applications in the cloud. With 50 years of experience and 800+ customers around the world, Syntax has deep expertise in implementing and managing multi-ERP deployments in secure private, public, hybrid, or multi-cloud environments. Syntax partners with SAP, Oracle, JD Edwards, AWS, Microsoft, and other global technology leaders to ensure customers’ applications are seamless, secure, and at the forefront of enterprise technology innovation. Learn more about Syntax at www.syntax.com or follow Syntax on LinkedIn.

About Argon, SCS

Argon SCS (Pty) Ltd, a UK and South African based SAP service provider founded in 2011, is focused on providing Warehouse and Stock Management solutions. With over 100 successful warehouse projects implemented, Argon has established itself as a leader in cost effective and efficient supply chain projects. With extensive experience in the Consumer Products and Goods, Manufacturing, Wholesale and Distribution, and Life Sciences industries, Argon has developed a multi-industry experience resulting in adaptive cross industry knowledge within the supply chain execution space. For more information, please visit https://argonscs.com.

Categories: News

Tags:

DTiQ Secures $145M Growth Investment from Bain Capital

BainCapital

DTiQ Secures $145M Growth Investment from Bain Capital

Investment will enable DTiQ to pivot to a higher SaaS growth model, expand its AI-powered, video and data analytics business optimization solutions portfolio, accelerate expansion in new territories, and strengthen its leadership.

FRAMINGHAM, Mass. – Oct. 14, 2024 – DTiQ, the leading provider of SaaS-based video, analytics, and optimization solutions for operators within the Restaurant, Convenience Store and Specialty Retail industries, today announced that it has received a $145 million growth investment from Bain Capital’s Private Credit Group (“Bain Capital”). The funding will drive increased innovation in AI and Computer Vision for more actionable business insights and automation, expand its SaaS product offerings, and capture new opportunities in existing and new territories.

DTiQ provides SaaS, video-based, business optimization solutions to the top names in QSR, Retail and C-Store, such as Subway, Dunkin, Burger King, Church’s and others. In 2022, the company expanded its addressable market with the acquisition of Australia-based Summit Innovations providing advanced Drive Thru solutions to customers and delivering ROI-enhancing solutions both inside and now outside their stores. Proving that they recognize the everyday pains of operators in the industries they serve, DTiQ has committed publicly to providing new solutions to address their challenges further including loss prevention, speed of service, peak times, operational and compliance issues, and employee/patron safety. Most recently, DTiQ has broadened its AI-powered portfolio when it rolled out In-Store and Peak Hours Speed of Service capabilities.

“DTiQ has a customer-first, outside-in innovation approach and a cloud-first, mobile forward solution set to help restaurant and retail operators solve everyday problems and grow their businesses, said JL Valente, CEO of DTiQ. “We are thrilled to be able to accelerate our already aggressive product roadmap.”

Today’s announcement with Bain Capital, one of the world’s leading private investment firms, underscores the significance, scale and quality of the DTiQ business, its market momentum, contributions to the hospitality industries and superiority of its portfolio in addressing key business issues for restaurant and convenient stores owners and operators, as well as specialty retailers.

“Our investment in DTiQ is an emblematic of our conviction in this well-established, globally-renowned business and its ability to innovate new AI-enhanced video and data solutions for the benefit of the restaurant and retail industries,” said David Healey, a Director at Bain Capital Credit. “We’re proud to support DTiQ’s exciting growth trajectory with strategic capital and our long track-record of helping SaaS businesses reach their full potential.”

“Given DTIQ’s growth plans, existing solutions, roster of customers and leadership, this investment by Bain Capital is catalytic capital for its future,” said Rick Shrotri, founder and Managing Partner of Digital Alpha Advisors, DTiQ’s Private Equity partner. “We believe DTiQ is posed for profitable growth in 2025 and beyond, and we are pleased to be partnering with Bain Capital on this investment.”

About DTiQ

DTiQ offers state-of-the art SaaS video surveillance, analytics and next gen Drive Thru solutions to improve loss prevention and operational excellence at multi-location Quick Service and Table Service Restaurants, retail, and convenience store locations. With 27 years of experience, DTiQ successfully enhances over 8 million consumer experiences daily, while delivering high ROI outcomes and protecting trillions of dollars in assets. DTiQ works with over 37,000 locations in the Americas, Europe and Australia / NZ, including brands such as Adidas, Burger King, Crocs, Dairy Queen, Dunkin, GNC, McDonald’s, Subway, Swarovski, Taco Bell, Vineyard Vines, and Yankee Candle. For more on information, please visit dtiq.com.

About Bain Capital Credit

Bain Capital Credit (www.baincapitalcredit.com) is a leading global credit specialist with approximately $48 billion in assets under management. Bain Capital Credit invests across the credit spectrum and in credit-related strategies, including leveraged loans, high-yield bonds, structured products, private middle market loans and bespoke capital solutions. Our team of more than 100 investment professionals creates value through rigorous, independent analysis of thousands of corporate issuers around the world. In addition to credit, Bain Capital invests across asset classes including private equity, public equity, venture capital, real estate, life sciences, and insurance, and leverages the firm’s shared platform to capture opportunities in strategic areas of focus.

About Digital Alpha

Digital Alpha Advisors, LLC is an investment firm focused on digital infrastructure and services required by the digital economy with total assets under management of over $1.5B. The firm has a strategic collaboration agreement with Cisco Systems, Inc. As part of this agreement, Digital Alpha has preferred access to Cisco’s pipeline of commercial opportunities requiring equity financing. In addition, Digital Alpha has cultivated strategic partnerships with other Silicon Valley technology leaders, with whom it has already executed deals. Digital Alpha believes that it is the first firm focused on making private equity investments in the significant growth opportunities required to underpin the Digital Economy, including smart cities, next-generation broadband networks, and enterprise data management and communication solutions. Digital Alpha was founded in 2017 by Rick Shrotri, former Head of the Global Infrastructure Funds (GIF) team at Cisco, and closed its latest Fund – Digital Alpha Fund II, LP – in early 2021.

Categories: News

Tags:

Advania acquires UK based IT solution specialist CCS Media to further accelerate growth

IK Partners

Advania, a portfolio company of Goldman Sachs Alternatives and one of the largest providers of IT services in Northern Europe, has announced the acquisition of CCS Media, one of the largest independent IT solutions providers in the United Kingdom. This acquisition aligns with Advania’s strategic focus on expanding both its footprint and its capability within the UK market. The combination will enable a highly complementary solutions and services offering, providing top tier depth and breadth of expertise across an end-to-end customer-centric offering commensurate with the group’s overall strategy. It will also offer the UK midmarket a much needed fresh and comprehensive approach to IT services from a scaled provider with access to the full resources of Advania. This transaction represents a key milestone in Advania’s broader goal of becoming the leading IT services provider in Northern Europe and will further accelerate the growth of the group.

Key transaction highlights

  • Advania has reached an agreement to acquire 100% of the shares in CCS Media from management and employees. The closing of the transaction is expected during the fourth quarter of 2024, subject to regulatory approvals.
  • With the acquisition of CCS Media, and the recent acquisition of Servium in the UK, Advania will scale its existing solution operations and strengthen its opportunity to provide a differentiated and comprehensive end-to-end IT services and solutions to customers across the UK, providing a fresh approach for existing and new customer.
  • CCS Media is a fast-growing technology and solution specialist delivering IT products, solutions and services to customers across the UK with revenue of GBP 280m / SEK 3.8bn.
  • Advania is one of the largest independent providers of IT services in Northern Europe, with top tier capabilities across the full range of customer needs. Following the transaction Advania will have a combined revenue of SEK 19bn (GBP 1.4bn) and employ more than 5,000 employees across Northern Europe.
  • In the UK Advania is one of Microsoft’s most certified partners and will be able to offer these market leading capabilities to CCS customers in an integrated way.
  • The acquisition will now see Advania in the UK employing over 1,500 people at more than 20 locations providing its customers with innovative solutions and flexible procurement options, once the preserve of only the largest enterprises.
  • As the tech company with people at heart, Advania will offer even wider opportunities for employees to broaden their career opportunities and thrive in a growth environment.

The acquisition will enable new and existing customers of Advania and CCS Media to access deep and broad expertise within IT-services and to transform core business processes, optimise spend and secure operations through a single service provider. Advania UK’s class leading positioning with Microsoft as a top-tier cloud transformation and AI enablement partner, holding all six cloud solution designations, twelve specialisations and Azure Expert MSP status, combined with CCS Media’s expertise on the provision, supply, implementation and support of the broadest range of technology products offers customers a complete portfolio for digital transformation services backed by comprehensive service experience and extensive industry accreditations. In 2024 alone CCS Media have won awards from world-leading vendors including Dell, HPE, Lenovo and Logitech.

“I’m very excited to have CCS Media join forces with Advania. CCS has a strong and proven track record of growth, customer relationships and delivering cutting-edge IT solutions across the UK market. Together with the Advania UK operation, we are certain that this investment will further accelerate our growth and elevate our position in the UK market” says Hege Støre, Group CEO of Advania.

“The CCS Media Leadership Team is immensely excited to unite forces with Advania and extend an even greater depth of expertise and services to our loyal customers across the UK. CCS Media was on a journey to develop more comprehensive solution offerings for our customers and the transaction will hugely accelerate this trajectory. This acquisition will also benefit our employees, offering wider opportunities for growth and development at such an exciting time in the industry. Like Advania, people are at the heart of our business and our shared culture and customer centricity was a key driver for the deal to progress. The extensive capability of the combined business, and particularly Advania UK’s class leading partnership with Microsoft, will enable us to address a broader range of customer needs from devices & infrastructure, to strategy, cloud transformation, AI, and managed services” says Terry Betts, CEO of CCS Media

“We and our co-investment partners are very pleased to welcome CCS Media into the fast-growing Advania platform and to support the company in further scaling Advania’s operations and offering. The acquisition of CCS Media will create a differentiated and highly compelling end-to-end proposition for the UK market” says Michael Bruun, Global Co-Head of Private Equity at Goldman Sachs Alternatives.

For more information, please contact:

Advania AB
Hege Støre, Group CEO
E-mail: hege.store@advania.com 
Phone: +47 901 42 548

About Advania AB

Advania is “The tech company with people at heart,” operating across UK, Sweden, Norway, Iceland, Finland, and Denmark. With a team of over 4,500 talents, we offer managed services, hardware, software, and professional services to clients in both private and public sectors, primarily in the mid-market. Our main goal isn’t just about technology; it’s about empowering people to create sustainable value. By establishing lasting relationships, utilizing leading technologies, providing modern platform solutions, and fostering strategic partnerships, we’re shaping the future IT landscape. Advania is proudly backed by funds managed by Private Equity at Goldman Sachs Alternatives.

For further information, please visit www.advania.com

Read More

About CCS Media Ltd

CCS Media is a technology and solution specialist with over 41 years of experience delivering first-class IT solutions and services to organisations of every kind across the UK and beyond. A network of 11 offices and 1 warehouse and logistics configuration centres, secures nationwide scale for supply and service, matched with the comfort of local presence. CCS media work with more than 2,000 manufacturer partners and sell more than one million products across the 8,000 customers. CCS Media have been awarded two stars for Best Companies Outstanding to Work For, Technology’s 50 Best Companies to Work For, The UK’s 100 Best Large Companies to Work For and five regional Best Companies awards.

For further information, please visit www.ccsmedia.com

Read More

About Private Equity at Goldman Sachs Alternatives

Goldman Sachs (NYSE: GS) is one of the leading investors in alternatives globally, with over $450 billion in assets and more than 30 years of experience.

The business invests in the full spectrum of alternatives including private equity, growth equity, private credit, real estate, infrastructure, hedge funds and sustainability. Clients access these solutions through direct strategies, customized partnerships, and open-architecture programs. The business is driven by a focus on partnership and shared success with its clients, seeking to deliver long-term investment performance drawing on its global network and deep expertise across industries and markets.

The alternative investments platform is part of Goldman Sachs Asset Management, which delivers investment and advisory services across public and private markets for the world’s leading institutions, financial advisors and individuals. Goldman Sachs has over $2.9 trillion in assets under supervision globally as of June 30, 2024.

Established in 1986, Private Equity at Goldman Sachs Alternatives has invested over $75 billion since inception. The business combines a global network of relationships, unique insight across markets, industries and regions, and the worldwide resources of Goldman Sachs to build businesses and accelerate value creation across its portfolios.

For further information, please visit www.goldmansachs.com

Read More

Categories: News

Tags:

Harmony Healthcare IT Announces Acquisition of Trinisys

Novacap

Novacap announces the successful acquisition of Trinisys by its portfolio company, Harmony Healthcare IT.

Trinisys, based in Nashville, Tennessee, is a leading force in legacy data management. The acquisition will amplify Harmony Healthcare IT’s ability to manage the vast volumes of data in the healthcare industry through the delivery of advanced enterprise solutions.

As a result of this strategic acquisition, Harmony Healthcare IT and Trinisys will combine their expertise and resources to offer significant advantages to their clients. These include:

  • Expanded capabilities: A wider range of services and solutions to address the diverse needs of healthcare organizations.
  • Enhanced innovation: Increased investment in research and development to drive industry-leading advancements.
  • Strengthened market position: A more powerful presence in the healthcare market, enabling the company to better serve its customers.
  • Improved efficiency: Streamlined operations and optimized workflows to increase velocity.

“We are proud to support Harmony Healthcare IT as it seeks to explore new data handling and data use innovations to accelerate growth and expand its impact in the healthcare industry, ” said David Brassard, Partner at Novacap.

“I want to express my appreciation to Novacap for their dedicated support throughout this transaction” shared Tom Liddell, CEO of Harmony Healthcare IT. “This transaction enables two data management leaders to unite and deliver unmatched value to healthcare customers through world-class enterprise solutions,” said Liddell.

Categories: News

Tags:

Unimarket and VendorPanel Announce Merger to Provide Industry-Leading Source-to-Pay Solutions

AKKR Logo
  • Accel-KKR
  • | 

Annapolis, MD – October 9, 2024 – Unimarket, a global technology provider of spend management and e-procurement solutions, today announced its merger with VendorPanel, a source-to-contract procurement platform. The merger combines the strengths of both companies to deliver a more robust source-to-pay solution, optimizing business processes and delivering tangible business outcomes for customers worldwide. Unimarket is backed by Accel-KKR, a technology-focused investment firm.

According to Spend Network, global procurement is estimated to be $13 trillion USD annually, highlighting the critical need for optimization. This substantial spending underscores the critical role procurement optimization plays in improving efficiency and cost management for global businesses. Organizations are increasingly turning to digital solutions to improve visibility and control over their procurement processes, underscoring the significance of this merger between Unimarket and VendorPanel.

The combined company now serves nearly 450 customers across the United States, Australia, New Zealand, and Canada, in sectors such as corporate, education, healthcare, government, energy, facility management, transport, and utilities.

“Both companies bring over 15 years of expertise and a proven track record of delivering exceptional results,” said Phil Kenney, CEO of Unimarket. “This merger strengthens Unimarket’s ability to meet the evolving needs of our global customers, offering scalable solutions that capitalize on growing market opportunities.”

“Our merger with Unimarket provides an incredible opportunity to deliver even more value to our customers,” said James Leathem, CEO of VendorPanel. “Our combined platform delivers a comprehensive solution that enhances visibility and drives operational performance across the entire source-to-pay process.”

“This strategic merger marks a significant milestone for both Unimarket and VendorPanel, reinforcing their leadership in the procurement technology space,” said Phil Cunningham, Managing Director at Accel-KKR. “With their combined capabilities, these two companies are now poised to capitalize on global growth opportunities, delivering unmatched value to their customers while driving innovation and performance improvements across the source-to-pay ecosystem.”

To learn more about the Unimarket + VendorPanel merger, visit: https://www.unimarket.com/bestofbreed

About Unimarket 

Unimarket is a global provider of source-to-pay and spend management solutions. Turning chaos into clarity, Unimarket’s suite improves visibility, enables compliance, and eliminates maverick spending, transforming procurement processes. Trusted by industries including higher education, healthcare, government, research, and financial services, Unimarket delivers an integrated cloud-based solution covering sourcing, contracts, marketplace, purchasing, invoicing, payments and supplier management. To learn more, visit Unimarket.com.

About VendorPanel

VendorPanel is a leading source-to-contract procurement platform. Its cloud-based software is used by hundreds of governments and businesses to simplify procurement, reduce risk, and optimize outcomes at each stage of the procurement lifecycle. For more information, visit VendorPanel.com.

About Accel-KKR

Accel-KKR is a technology-focused investment firm with $19 billion in cumulative capital commitments. The firm focuses on software and tech-enabled businesses, well-positioned for top-line and bottom-line growth. At the core of Accel-KKR’s investment strategy is a commitment to developing strong partnerships with the management teams of its portfolio companies and a focus on building value alongside management by leveraging the significant resources available through the Accel-KKR network. Accel-KKR focuses on middle-market companies and provides a broad range of capital solutions, including buyout capital, minority-growth investments, and credit alternatives. Accel-KKR also invests across various transaction types, including private company recapitalizations, divisional carve-outs and going-private transactions. Accel-KKR’s headquarters is in Menlo Park, with offices in Atlanta, Chicago, London, and Mexico City. Visit accel-kkr.com to learn more.

Categories: News

Tags:

INX Software and K2fly Join Forces to Become Mission-Critical Tech Powerhouse

AKKR Logo

Perth, Australia & Menlo Park, California, OCTOBER 8 — Accel-KKR  has acquired listed company K2fly and will combine the regulatory, compliance and disclosure tech business with workforce, safety, training and reporting business INX Software to create one of Australia’s largest providers of mission-critical software for high-risk industries.

The SaaS powerhouse will offer a suite of specialist software used by the mining and resource sector as well as other large, fast-paced, remote and complex operations in health, transport, energy & utilities, engineering, manufacturing and government. The deal reinforces Accel-KKR’s ongoing commitment in investing in best-in-class, enterprise-focused, vertical software providers in Australia.

INX CEO Marcus Ashby said the two Perth-based companies were a natural fit, with many clients in common and complementary software solutions.  K2fly, which supports mining operations in 900 locations in 62 countries, will bolster INX’s global regulatory compliance business, bringing software that addresses industry needs such as land and tailings management, environmental monitoring and rehabilitation, ground disturbance, land access planning and heritage. Its suite will complement INX Software’s portfolio of software solutions used by global companies to manage their workforce management, safety, compliance, training, and reporting requirements.

“The two companies share values and market outlooks, as well as a commitment to servicing some of the world’s biggest, most complex and fast-paced operations,” Mr Ashby said. “We both prioritise collaboration, integrity, and growth, providing a strong foundation for integration. K2fly’s additional values of customer focus and curiosity complement INX Software’s emphasis on accountability and innovation. Having a complementary set of values represents an excellent basis for creating a cohesive culture built on respect, innovative thinking and sustainable growth.”

K2fly CEO Nic Pollock said the two companies shared an understanding of the mining and resources sector with deep sector expertise in fast-paced, high-risk industries. “By combining our solutions, we can connect K2fly’s RegTech expertise, which helps clients navigate complex compliance obligations, with INX Software’s strengths in risk, logistics, planning and workforce management,” Mr Pollock said. “We are also excited about building on the mutual commitment of our companies to good environmental citizenship and ESG. Together, we can offer companies more robust, innovative solutions designed in concert with industry experts, along with specialist technology that helps identify, manage, mitigate and report on environmental risk.”

Dean Jacobson, Managing Director at Accel-KKR, said uniting the companies would allow the business to innovate, build and grow their markets by leveraging the teams’ collective strengths. “Current and target clients that INX and K2fly serve face increasingly stringent regulatory obligations for identifying, managing and reporting risk, and need a robust tech stack of vertical solutions,” Mr Jacobson said. “Leveraging the collective strength of INX and K2fly is a highly strategic response to the evolving compliance landscape to help clients stay ahead of enterprise risk and enable them to scale their businesses with confidence.”

###

About INX Software

INX Software enables businesses in fast-paced and complex industries to mobilise their workforce and navigate health, safety and environmental challenges to better protect people and the planet.

Based in Perth, Western Australia, we are globally trusted leaders in the delivery of workforce management, environment, health and safety software solutions, supporting our clients in the operation of safer, smarter and sustainable workplaces. We provide solutions across industries, including resources, oil & gas, transport, energy & utilities, engineering, manufacturing and government sectors.

About K2fly

K2fly provides enterprise-level Resource Governance solutions for ‘net positive impact’ in Environmental, Social and Governance (ESG) compliance, disclosure and technical assurance, to operations of mining and asset intensive industries through its platform-based SaaS cloud solutions.

Its solutions address industry challenges and help manage risk around clients’ social licence to operate concerning reporting and governance, reputation and disclosure demands.

About Accel-KKR

Accel-KKR is a technology-focused investment firm with $19 billion in cumulative capital commitments. The firm focuses on software and tech-enabled businesses, well-positioned for top-line and bottom-line growth. At the core of Accel-KKR’s investment strategy is a commitment to developing strong partnerships with the management teams of its portfolio companies and a focus on building value alongside management by leveraging the significant resources available through the Accel-KKR network. Accel-KKR focuses on middle-market companies and provides a broad range of capital solutions, including buyout capital, minority-growth investments, and credit alternatives. Accel-KKR also invests across various transaction types, including private company recapitalizations, divisional carve-outs and going-private transactions. Accel-KKR’s headquarters is in Menlo Park, with offices in Atlanta, Chicago, London, and Mexico City. Visit accel-kkr.com to learn more.

Categories: News

Tags:

Harmony Healthcare IT Announces Acquisition of Trinisys

Novacap

Novacap announces the successful acquisition of Trinisys by its portfolio company, Harmony Healthcare IT.

Trinisys, based in Nashville, Tennessee, is a leading force in legacy data management. The acquisition will amplify Harmony Healthcare IT’s ability to manage the vast volumes of data in the healthcare industry through the delivery of advanced enterprise solutions.

As a result of this strategic acquisition, Harmony Healthcare IT and Trinisys will combine their expertise and resources to offer significant advantages to their clients. These include:

  • Expanded capabilities: A wider range of services and solutions to address the diverse needs of healthcare organizations.
  • Enhanced innovation: Increased investment in research and development to drive industry-leading advancements.
  • Strengthened market position: A more powerful presence in the healthcare market, enabling the company to better serve its customers.
  • Improved efficiency: Streamlined operations and optimized workflows to increase velocity.

“We are proud to support Harmony Healthcare IT as it seeks to explore new data handling and data use innovations to accelerate growth and expand its impact in the healthcare industry, ” said David Brassard, Partner at Novacap.

“I want to express my appreciation to Novacap for their dedicated support throughout this transaction” shared Tom Liddell, CEO of Harmony Healthcare IT. “This transaction enables two data management leaders to unite and deliver unmatched value to healthcare customers through world-class enterprise solutions,” said Liddell.

Categories: News

Tags: