Confirma Software acquires NETBARON SOLUTIONS OY
Confirma Software is pleased to announce the acquisition of NetBaron Solutions Oy in Finland. This is Confirma Software´s twenty-second acquisition.
“We are very happy to welcome the NetBaron team to the Confirma Software family. NetBaron adds a cloud-based ERP solution targeted at SME companies in Finland and expands our ERP capabilitiesinto a new market segment”, says CEO Jarle Mørk of Confirma Software.
With the acquisition of NetBaron, Confirma Software has proforma LTM revenue of more than € 80 million and more than 500 employees.
“The NetBaron team will be closely integrated into our operations in Finland and will continue offering their products and services unchanged. I am really looking forward to meeting the team here in Vasa and start working with the further development of the NetBaron operations”, says Michael Söder, CEO of Confirma Finland.
NetBaron provides a modern cloud-based ERP solution including accounting, CRM, payroll and time reporting functionality. The solutions are widely recognized among BPO partners and customers alike. We will continue focusing on the strong relationship with both partners and customers as we integrate NetBaron in our Finnish operations. NetBaron has more than 1,000 customers. The company has 19 employees and is based in Finland.
“With the addition of NetBaron, we strengthen our position in Finland and can increase our focus on smaller ERP customers in Finland”, says Niclas Lundell, Head of Business Development for Confirma Software.
Confirma Software´s strategy is to continue to grow through the acquisition of Nordic enterprise software companies with established market positions, serving the SME-market or the public sector.
Confirma Software was advised by Nordhaven Corporate Finance and EY Deals.
Confirma Software is a provider of vertical enterprise software solutions across the Nordics. Confirma Software has made 22 acquisitions since the start in the summer of 2019. The group has revenue of more than € 80 mill. and has approx. 15.000 subscription customers. Confirma Software drives value generation through sharing of best practices and resources across the group companies. The company is headquartered in Stockholm. The majority investor in Confirma Software is Abry Partners.
Abry Partners 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 $90 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.
Contacts:
Jarle Mørk
CEO, Confirma Software
jmork@confirmasoftware.com
Mobile +46 70-918 84 48
www.confirmasoftware.com
Michael Söder
CEO, Confirma Finland
Michael.soder@confirma.fi
www.confirma.fi