Main Capital has acquired a strategic stake in cleversoft, a Munich-based RegTech software specialist. With scalable SaaS solutions, cleversoft enables financial institutions to efficiently comply with the ever-increasing regulatory challenges in the financial industry.
cleversoft was founded in 2004 and grew out to a leading software specialist in the RegTech market. With its 80 plus employee workforce, cleversoft helps financial institutions to efficiently comply with a growing number of complex regulations. The company supports globally-acting banks, asset managers and insurers to tackle regulatory challenges under regimes such as PRIIPs, MiFID II, PIB, FIDLEG and AML-regimes. The Services for these regulations are underpinned with lifecycle management solutions including customer relations (CRM) and marketing processes. The company currently serves over 200 international customers.
In recent years, financial institutions have been under increasing pressure to comply with more regulations with limited resources. It is expected that the multitude of financial regulation, its increasing complexity and the strong enforcement of financial authorities will increase the demand for smart regulatory solutions and spur growth of the RegTech market for the coming years.
Under these market conditions, cleversoft aims to grow towards a market leading RegTech player in the European market through organic growth and a synergetic buy-and-build strategy. In addition to maintaining its strong growth trajectory, an explicit focus lies on smart add-on acquisitions in order to expand into adjacent market segments as well as to further internationalize.
Cooperation cleversoft – Main Capital
Florian Clever (Managing founder of cleversoft): “The RegTech market is accelerating under the increased pressure and complexity of regulation in the financial industry. At the same time, the market for smart regulatory solutions is underserved and extremely fragmented. We are excited that the cooperation with Main allows us to capitalize on these observations and to further expand our product offering through an add-on strategy. Their proven track-record in consolidation strategies and software expertise make them the ideal partner to support cleversoft in our next growth stage.
Charly Zwemstra (Managing Partner Main Capital): “cleversoft has demonstrated an impressive profitable growth path over the last few years. The company offers highly-scalable regulatory reporting solutions for the financial industry. With its products, the company supports the financial industry to overcome the increasingly complex regulatory challenges. We see strong organic growth opportunities for cleversoft in this market. Moreover, through an active buy-and-build strategy, we see ample opportunities for cleversoft to expands its product offering and to enter adjacent market segments, both in Germany and abroad. Currently we are also invested in SecondFloor, an Amsterdam-based Regtech company with a focus on the insurance & pensions industry”.
cleversoft is a market-leading regulatory reporting specialist for the financial industry. The company offers cloud based proprietary PRIIPs and MiFID II SaaS-solutions. Through an intuitive interface and lean integrations with back-end systems, cleversoft’s products enables financial players to efficiently harness highly-complex regulations.
About Main Capital
Main Capital is a strategic investor with an exclusive focus on the software sector in the Benelux, Germany and Scandinavia. Within this sector, we are the most specialized party in management buy-outs and later-stage growth capital. Main Capital has approximately € 400 million under management for investments in mature but growing software companies in the Netherlands and Germany. An experienced team of professionals manages these Private Equity funds from offices in The Hague and Düsseldorf.
In addition to cleversoft, the current investment portfolio of Main Capital consists of growing (SaaS) software companies such as Enovation, SDB Ayton, GOconnectIT, JobRouter (Germany), Inergy, MUIS Software, artegic (Germany), OBI4wan, Axxerion, b+m Informatik (Germany), Ymor, Roxit, Onguard, Sharewire, SecondFloor, Sofon and ChainPoint. Main Capital also has an interest in managed hosting provider Denit. Main Capital has a long-term perspective with the intention to build larger strong software groups.
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