Confirma Software acquires SIGN ON AB
Confirma Software is pleased to announce the acquisition of Sign On AB in Sweden. This is Confirma Software´s twenty-third acquisition.
“We are very happy to welcome the Sign On team to the Confirma Software family. Sign On has been a respected competitor of DokuMera for many years, and the combined strength of the two teams and services will make a great impact on the market”, says CEO Jarle Mørk of Confirma Software.
With the acquisition of SignOn, Confirma Software has proforma LTM revenue of more than € 82 million and more than 510 employees.
“The Sign On team will be closely integrated into our operations in Crona Software and will continue offering their products and services alongside our DokuMera offering The Sign On CEO Per Ankerton will take over the responsibility for the business development of the two services and will start planning for the next generation offering”, says Jesper R. Atie, CEO of Crona Software.
Sign On provides a cloud-based document template and business resource subscription service to more than 1 800 customers in Sweden. The company has 7 employees and is based in Stockholm, Sweden. The company will operate as part of the Crona Software group.
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 RL Advisory Group and DLA Piper Sweden.
Confirma Software is a provider of vertical enterprise software solutions across the Nordics. Confirma Software has made 23 acquisitions since the start in the summer of 2019. The group has revenue of more than € 82 mill. and has approx. 16.000 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
Jesper R. Atie
CEO, CEO Crona Software
jesper.ringholm@crona.se
www.crona.se