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The Hague February 27, 2025 – PSA/PPM software provider Fortes today announces its acquisition of German-based QuoTec, the company’s third acquisition since becoming a Main Portfolio Company in 2021. With QuoTec’s existing presence in the German PSA software market, this cross-border acquisition supports the growth of Fortes into a European leader. CEO and Owner Isa Said will remain involved within Fortes.
Quotec, founded in 2004 and headquartered in Ratingen (DE), is a provider of PSA software for predominantly the agency vertical to optimize their professional services processes. The company serves over 450 customers among which Axel Springer, keko, ERGO, peoplegrapher.
The acquisition of Quotec addresses three key strategic priorities for Fortes. Firstly, Fortes will be able to strengthen its expertise and solutions for the fast growing agency vertical. Secondly, the acquisition accelerates Fortes’ project portfolio management (PPM) strategy in Germany, streamlining the journey from strategy to execution for German corporates and government entities. Finally, the acquisition accelerates the expansion of Fortes professional services automation (PSA) solution Milestones to the German market. This solution not only accelerates project-to-cash cycles but also boosts consulting revenue per team member, effectively addressing the needs of key verticals like Accountancy, IT/Software, and Consultancy. Milestones capabilities are crucial for overcoming common issues such as uncontrolled project scopes, resource limitations, skill mismatches, and inefficient billing processes which will be most beneficial for the German market.
Isa Said, Owner and CEO of QuoTec: “I’m excited about this new chapter and eager to work with Fortes to create a leading European player in the PSA and PPM software market. With Fortes’ product suite, we can better support our German customers by offering a more complete solution for Project and Portfolio Management. By combining our top-tier PSA solution with Main’s and Fortes’ expertise on marketing, sales, and operations, I’m confident we can enhance our service to both current and future customers and significantly accelerate our growth.”
Eddy Plasier, CEO of Fortes: “Fortes helps customers manage their projects and resources more efficiently by helping them choose the right projects and complete them with precision and high quality. We see many agencies, accounting firms, IT, and software companies—especially in Germany—struggling to get a grip on their consulting revenue. That’s why we are excited to work with the QuoTec team to help customers manage their projects and resources more effectively. This partnership allows us to offer a more complete and effective solution, helping our customers achieve even better results.”
Sjoerd Aarts, Managing Partner at Main and Chairman of Fortes’s Supervisory Board, concludes: “We are pleased to support the Fortes team as they pursue their growth strategy in the German PSA and PPM software markets. This strategic partnership aligns two complementary organizations and product portfolios, enhancing the overall value proposition of Fortes’ product suite. We anticipate that both companies will benefit from mutual access to each other’s networks, market insights, and product expertise. We are committed to continuing our support for Fortes as they execute their international expansion plans.”
This strategic partnership aligns two complementary organizations and product portfolios, enhancing the overall value proposition of Fortes' product suite.
Founded in 2004, QuoTec specializes in PSA software designed to manage customer-centric projects. Their software improves project management and operational efficiency by assisting agencies with coordination, planning, cost analysis, and more. Headquartered in Ratingen, Germany, QuoTec primarily serves the agency vertical, with a focus on architecture and consulting firms. Notable clients include Axel Springer, keko, ERGO, peoplegrapher.
Fortes is a software provider in the European PSA/PPM software market, with a strong presence across the Nordics, DACH, and Benelux regions, serving a wide range of clients. Its comprehensive end-to-end suite of solutions improves portfolio management, project management and operational efficiency. By continuously innovating and expanding its offerings, Fortes is dedicated to driving growth and delivering value to its customers.
Nothing contained in this Press Release is intended to project, predict, guarantee, or forecast the future performance of any investment. This Press Release is for information purposes only and is not investment advice or an offer to buy or sell any securities or to invest in any funds or other investment vehicles managed by Main Capital Partners or any other person.
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