CONFIRMA SOFTWARE ACQUIRES COMPUTER PROGRAM UNIT OY, DL SOFTWARE OY AND CASH-IN CONSULTING OY
Confirma Software is established as a new Nordic platform that will focus on acquiring strong enterprise software companies with specialized offerings for SME customers in areas such as specialized point-of-sale solutions, mobile payments, specialized manufacturing, maintenance, construction and more. Confirma Software is backed by Abry Partners, a TMT focused private equity fund based in Boston, MA.
Confirma Software is committed to continue the successful operation of each of its subsidiaries under their existing brands and with existing management. Each company will contribute their unique experience and expertise in developing a strong joint operating platform across the Nordics.
The platform is created on the back of a large presence of primarily national software companies with a strong and visible presence in their individual markets. These companies have successfully developed their solutions together with a loyal customer base over many years. As a result, the solutions are instrumental in supporting the operations of their clients.
Confirma Software will create a strong presence across the Nordics from the headquarters in Stockholm, Sweden. The first companies acquired by the group are based in Joensuu and Vasaa, Finland, and with operations in Sollentuna, Sweden. The group will have combined revenues of more than 16 million EUR in 2019 and a total of 119 employees.
Computer Program Unit Oy is a provider of specialized payment solutions for municipal, educational and specialty goods sectors, and offers payment platforms including point-of-sale, e-commerce and mobile payment solutions for public pools, cafeterias, and other public facing activities.
DL Software Oy is a versatile ERP software company that offers comprehensive solutions such as business management, customer management, financial management,
manufacturing management and advanced business analytics. The company has customers across the Nordic countries in areas such as fitness centers, vehicle sales, manufacturing.
Cash-In Consulting Oy is a debt collection agency and expert in financial management, with extensive experience in recovering and managing outsourced financial management services. We aim to minimize the credit losses of our clients while speeding up cash flow through tailor-made solutions that support our clients’ businesses. We give our clients an edge through Finnish professionalism, decades of experience, personal support and highly automated processes.
All three companies will continue operating as individual companies, under their own brand and with existing management. The businesses within Confirma Software today and future additions to the platform will drive value generation through sharing of best practices and resources across the target companies.
“I am delighted that Niclas, Michael and Timo not only have decided to stay on as managers of their companies, but also have chosen to invest in Confirma Software alongside Abry Partners. I am really looking forward to working with them and their teams in developing a truly Nordic platform”, says CEO Jarle Mørk of Confirma Software.
“Through our investments in Nordic companies Basefarm, Addsecure and Link Mobility, we have developed a strong understanding of the Nordic market for technology. We believe strongly there is great potential in creating a strong Nordic platform for developing these entrepreneur driven companies even further. We have an exciting pipeline of additional acquisitions across the Nordics, and plan to close further acquisitions during 2019”, says Rob Nicewicz of Abry Partners.
Abry Partners and Confirma Software were advised by Nordhaven Corporate Finance in all three transactions.
About Abry Partners
Abry is one of the most experienced and successful sector-focused private equity investment firms in North America. Since their founding in 1989, the firm has completed over $80 billion of leveraged transactions and other private equity or preferred equity placements. Currently, the firm manages over $5.0 billion of capital across their active funds.
Jarle Mørk, CEO – Confirma Software, [email protected] +47 992 37 939