CSS Breda continues as part of SDB Groep

Press releases
Main Capital Partners
02/06/2020

SDB Groep, full-suite software specialist for the healthcare market, acquires CSS Breda to continue together. The management team of CSS Breda remains involved with the company as part of SDB Groep. The acquisition of CSS Breda (CSS) is fully in line with the strategy of SDB Groep to serve the healthcare sector in the Netherlands with a full suite of products and services in which (e-) learning plays an important role.

In November 2018, SDB Groep acquired Cormel to supplement its Salary, HR and Planning software products with EHR (electronic health records) software. This was followed in April 2019 by the acquisition of Reports, which further strengthened the proposition with Analytics. In December 2019 a third acquisition followed with The Competence Group, adding (e-) learning to the SDB Groep product suite. After the takeover, CSS Breda will merge with The Competence Group in the SDB Academy, the new learning arm of SDB Groep that has great potential given the current situation on the healthcare labor market. After the addition of CSS Breda, the SDB Groep has more than 200 employees who have the common goal to facilitate the operations of Dutch healthcare institutions with smart products and services that connect seamlessly. With the EHR, Planning, HR, Salary, Analytics and Learning software, SDB Groep is the only party in the Netherlands with a full-suite SaaS solution focused on healthcare.

After the acquisitions of Cormel in November 2018, Reports in April 2019 and The Competence Group in December 2019, the takeover of CSS Breda by SDB Groep marks a fourth step in becoming the leading SaaS player in the Dutch healthcare market. Naturally, post-acquisition, the focus of SDB Groep remains on developing innovative products that meet the needs and demands of customers and trends in the Dutch healthcare market. Focus on organic growth and focusing on up- and cross-sell opportunities of the combined organizations are at the heart of the growth strategy. Continuing the buy-and-build strategy by forming new strategic combinations also remains one of the growth opportunities. This could include adding adjacent technologies or expanding to other segments of the healthcare market.

About CSS Breda

CSS Breda, founded in 2009 and based in Breda, is a developer and supplier of (e-) learning software, learning and development programs and expert programs with which care and educational institutions can acquire the expertise to apply workplace learning within the organization. CSS Breda has a focus on VVT and the care departments of Dutch educational institutions. In total, CSS Breda serves 90 customers with its solutions. Due to the strong strategic fit with The Competence Group (TCG), the combined organization will be able to serve the market in the form of the SDB Academy. This will be led by the current management of CSS Breda, supported by the founders of both TCG and CSS.

Cooperation CSS Breda – SDB Groep

Vincent van Staalduinen (Chief Operations Officer SDB Groep): “The Dutch healthcare market is currently undergoing a huge transformation, driven by technological innovation and digitization. At the same time, consolidation is taking place among the various providers of software solutions for the healthcare market. SDB Groep remains market leader in the healthcare sector by building up a fully integrated and innovative product portfolio with an exclusive focus on healthcare. After the acquisitions of Cormel, Reports, TCG and now CSS Breda, we can further strengthen our position. Due to the strong strategic fit with TCG, the combined organization will be able to serve the market with the SDB Academy. The strong financial position of the SDB Groep guarantees continuity as an innovative

software player within the healthcare market and guarantees our customers to incorporate the many new laws and regulations in our solutions.

Charly Zwemstra (Managing Partner Main Capital Partners): “With the support of Main Capital Partners, SDB Groep is expanding following a strategy based on organic growth, while also enlarging the product offering, broadening its client base and executing strategic add-on acquisitions. After the acquisitions of Cormel, Reports and The Competence Group, CSS Breda is a logical and highly strategical fourth step in this strategy. ”

Jos Baeten (Director and founder of CSS Breda): “Since 2009, CSS Breda has focused on developing E-learning software and training courses with a focus on workplace learning, with the ultimate goal of enabling healthcare and education staff to provide better healthcare or healthcare-related education. Becoming part of the SDB Groep gives CSS Breda the opportunity to intensify the cooperation with The Competence Group in order to serve the market together from the SDB Academy.”

About SDB Groep

For over 40 years, SDB Groep has been developing and supplying innovative and specialist ICT solutions for the healthcare sector with the goal of enabling the care professional to provide the best care to the client. The company focuses on the VVT, GHZ, daycare and disabled care markets with innovative SaaS solutions that customers use to automate HR, salary administration and personnel planning processes, as well as a user-friendly and multifunctional EHR product. With the acquisition of Reports, a Business Intelligence practice has also been added. In addition, the company provides a Business Process Outsourcing (BPO) proposition that relieves care institutions from the payroll process and SDB Groep delivers financial advice and consultancy services.

SDB Groep believes that care and cure organizations and staff can work pleasantly and efficiently in a constantly changing environment and offers innovative solutions to make this possible. In this way the healthcare sector can work in a sustainable way on the best care for the client.

About Main Capital Partners

Main Capital Partners is a strategic investor with an exclusive focus on the software sector in the Benelux, DACH and Nordics regions. Main has a long-term investment horizon centered around successful partnerships with management teams, with the goal to, jointly, build larger software groups. Within this sector, Main is the most specialized company in management buyouts and later-stage growth capital. Main has approximately € 1 billion in assets under management for investments in mature and growing software companies. The Private Equity Funds are managed by an experienced team of investment and operational professionals, located in offices in The Hague, Düsseldorf and Stockholm.

The current portfolio of Main Capital Partners includes rapidly growing software and SaaS companies such as Alfa, WoodWing, Exxellence Groep, Optimizers, Assessio, GBtec, Onventis, HYPE Innovation, Cleversoft, Enovation, SDB Groep, Jobrouter, GOconnectIT, Verklizan, Inergy, MOUSE Software, Artegic, OBI4wan, b + m Informatik, ChainPoint and RVC. Main Capital also has an interest in managed hosting provider Denit. Successfully developed former portfolio companies include Roxit (municipal software), Axxerion (facility management software) and Ymor (APM software).

Note for editors:

The press release is issued by Main Capital. For more information, please contact:

Charly Zwemstra (Managing Partner)

Main Capital Partners BV, Paleisstraat 6, 2514 JA, The Hague

Tel: +31 (0) 70 324 3433 / +31 (0) 6 512 77 805

charly@main.nl

www.main.nl

Or:

Marjon van de Burgt

SDB Groep, Regulusweg 11, 2516 AC, The Hague

Tel: +31 (0) 70 357 0800 / +31 (0) 6 232 51 656

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