Main Capital acquires majority stake in GIS specialist GOconnectIT
Main Capital has acquired a majority stake in the fast-growing GIS and Field Service Management specialist GOconnectIT from Nieuwegein. The company supplies leading and innovative SaaS solutions for the underground cable and pipeline industry, supporting customers in optimizing their administrative processes.
GOconnectIT was founded in 2001 and has positioned itself over the years as the most specialized software supplier for the cable and pipeline industry. In addition to offering software products, the company also gains a lot of knowledge and experience within the infrastructure branch through its consultancy business. This knowledge is used to further develop and improve the innovative products, so that the company is able to deliver products that really suit the needs of customers in the sector. The customer base includes large corporates such as Stedin, Heijmans and BAM and (semi) governments such as Rijkswaterstaat and provinces.
GOconnectIT has developed a variety of solutions that help unburden clients in the administrative area of infrastructure projects. The company’s innovative web-based solutions facilitate paperless work, both in the field and in the office. In addition, the company facilitates an improved guarantee of data and information, which demonstrably leads to a reduction in excavation damage and associated costs. Thanks to the unique position of the company in the cable and pipeline segment, GOconnectIT fulfills an important role in the data and information exchange between the various parties working together on complex infrastructure projects.
Main Capital will actively support GOconnectIT in expanding its current growth, internationalization and strengthening of the organization. The focus will be on expanding the product and services portfolio by providing innovative scalable solutions, as well as doing targeted acquisitions. The company will use the position of the Netherlands as a pioneer in the digitization of the cable and pipeline market to enter other European markets, including Belgium and the United Kingdom.
Cooperation GOconnectIT – Main Capital
Matty van Leeuwen (Director GOconnectIT): “With a focus on IT services and software and a proven track record in supporting and (further) developing companies in the Netherlands and abroad, we see Main Capital as the ideal strategic partner for an accelerated execution of our growth strategy. “
Edwin van Rooijen (Director GOconnectIT): “During the first conversation with Main Capital, we immediately felt a connection because of the IT and industry knowledge. We are therefore convinced that together we can serve the cable and pipe industry even better with innovative ICT solutions and services. “
Charly Zwemstra (Managing Partner Main Capital): ‘’GOconnectIT is one of the precursors in the field of automation in the cable and pipeline sector. The company is led by a strong management team with extensive experience and expertise within the sector. We see plenty of growth opportunities in the Netherlands and abroad in the coming years. By continuing with autonomous growth as well as through smart acquisitions, the product and service proposition can be further expanded by adding additional GIS and Field Service Management solutions. “
For fifteen years, GOconnectIT has been offering innovative and specialist ICT solutions for the infra world. GOconnectIT has a sole focus on the cable and pipeline industry. The company does this with very progressive software solutions for GIS and field service automation. The GIS systems, Klic App and GMF App, simplify business processes and are cost efficient. GOconnectIT is also a specialist in the field of diversion processes. For large infrastructural projects, the company supports both the technical and the legal and financial side of the process cables and pipelines.
About Main Capital
Main Capital is a private equity investor with an exclusive focus on the software sector in the Benelux and DACH area. Within this sector, we are the most specialized company in management buyouts and later-stage growth capital. Main Capital has approximately € 375 million under management for investments in mature but growing software companies in the Benelux and DACH area. An experienced team of professionals manages these Private Equity funds.
In the current portfolio of Main Capital are rapidly growing (SaaS) software companies like evenia video (Germany), Verklizan, Inergy, MUIS Software, artegic (Germany), OBI4wan, Axxerion, b+m Informatik (Germany), Ymor, Roxit, Onguard, Sofon, Regas, ChainPoint, RVC, TPSC, SecondFloor and Sharewire. Main Capital also has a stake in managed hosting provider Denit. This year Main Capital sold its majority stake in Connexys to Bullhorn and its majority stake in EuroSystems to an international Private Equity player. The Mezzanine Capital group granted loans to a.o. Spotzer, Fairbanks, TravelBird, Talkwalker and Worldmeetings.
Note for the editor:
This press release is issues by Main Capital. For more information, please contact:
Charly Zwemstra (Managing Partner)
Main Capital Partners BV, Paleisstraat 6, 2514 JA, Den Haag
Tel: +31 (0) 70 324 3433 / +31 (0) 6 512 77 805