Alfa eCare, a fast-growing healthcare software provider in the Nordics, today announces the acquisition of Avancit, active in the Swedish and Norwegian personal assistance market providing innovative solutions for care practitioners in the private and public sector. The acquisition was supported by Main Capital Partners (“Main”).
Avancit, founded in 2000, has grown into a leading player in software solutions for the personal assistance market. Avancit offers several solutions to improve the quality of work processes for care providers in the personal assistance vertical through a comprehensive platform including solutions for scheduling, time reporting and payroll management in one system.
Alfa Group, a leading welfare software provider in the Nordics
Avancit becomes the fifth acquisition by Alfa eCare, since Main Capital Partners became majority owners of the group in 2020. With a complimentary offer targeting the personal assistance market, the Alfa group strengthens its position in the Nordic welfare market. Alfa group currently services over 1,300 customers in the public as well as the private sector, which today includes players such as Humana, Previa, Tandea, Pilke and St Lukas, Region Skåne and Värmland and the municipalities of Joensuu, Hämeenlinna, Nacka and Stockholm Stad.
Albert Winter, Managing Director at Alfa Group, commented: “The partnership with Avancit creates a lot of value and possibilities for our joint customer base as well as strengthens our positioning in the market as the end-to-end strategic software partner in the public and private care market. We are eager about the opportunity of working closely together with the Avancit team to further improve our value proposition towards current and future clients.”
A more complete offering
Petter Fors, Co-founder and CEO at Avancit, adds: “We look forward to working together with and within the Alfa eCare group. It strengthens us, FAST and our customers in several ways, meanwhile also providing us with further opportunities of reaching out to new potential customers with the help of Alfa eCare’s solutions and experience within public sector. It will be an exciting journey together.”
Wessel Ploegmakers, Partner and co-Head of the Nordics office at Main, added: “The combination of Avancit and Alfa creates a leading welfare software provider in the Swedish market and the joint offering will allow for adding further sustainable and strategic value to the end customers. Together with Alfa Group we will keep working towards adding further value to the clients through expanding and developing the product offering both organically and by acquisitions.”
About Alfa eCare
Alfa eCare was founded in 1998 and is based in Malmö, Sweden. With around 100 employees, Alfa eCare services over 1.300 clients in a wide variety of domains within the healthcare and welfare market. Clients range from social, geriatric and youth care providers to general practitioners, dental care providers, public institutions and municipalities. Alfa eCare’s broad offering includes SaaS-solutions for journaling, electronic prescription, medication management, care planning, financial administration, booking management, care communication and day care administration.
Avancit was founded in 2000 and is based in Stockholm. The company provides a comprehensive platform for the personal assistance market and currently serves over 50 customers with a strong presence in the private sector. Avancit offers a complete system for scheduling, time reporting and payroll management, the purpose of which is to improve and streamline workflows and work processes within the personal assistance market.
About Main Capital Partners
Main Capital Partners is a leading software investor in the Benelux, DACH, the Nordics and the USA. Main has almost 20 years of experience in strengthening software companies and works closely together with management teams of its portfolio companies as a strategic partner, in order to realise sustainable growth and build excellent software groups. Main counts ca. 60 employees and has offices in The Hague, Stockholm, Düsseldorf, Antwerp and Boston. Main has over EUR 2.2 billion of assets under management. Main has invested in more than 150 software companies to date. These companies have created jobs for approximately 7,500 employees.
We will keep you informed on the most relevant developments of Main Capital Partners