Confirma Software acquires QT Systems AB
Confirma Software is pleased to announce the acquisition of QT Systems AB in Sweden. This is Confirma Software´s sixteenth acquisition.
“ We are very happy to welcome the QT Systems team to Confirma Software. This acquisition adds a new product area that fits well with several of our existing verticals, like fitness facilities, municipalities and real estate management. Together with the QT Systems team, we will work on establishing the new product area across the Nordics”, says CEO Jarle Mørk of Confirma Software
With the acquisition of QT Systems, Confirma Software has proforma LTM revenue of more than € 60 million and close to 400 employees.
QT Systems AB is focused on increasing customer profitability through the use of innovative booking and control systems. Their applications include electrical vehicle charging solutions, vehicle heating, access control for padel halls and other fitness facilities, access control for office-, public- and apartment buildings, usage and asset control systems. QT Systems has developed both front-end customer facing solutions as well as administrative back-end solutions, and the systems are end-to-end integrated with payments. All technology is developed in-house. The company has 19 employees and is based in Lycksele, Sweden
“ With the addition of the QT Systemsteam we will further broaden our competence integrated control systems to support booking and payment solutions in a number of our existing OpCos and verticals”, says CEO Jarle Mørk of 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 DLA Piper and Svalner in the transaction.
Confirma Software is a provider of vertical enterprise software solutions across the Nordics. Confirma Software has made 16 acquisitions since the start in the summer of 2019. The group has revenue of more than € 60 mill. and has approx. 12.000 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