Main Capital has acquired a majority stake in Exxellence and SMQ, formerly part of the Kune Group. Together, Exxellence and SMQ will form the Exxellence Groep. Exxellence is an important provider of software solutions with which governments and semi-public organizations can work more efficiently and optimize their services and centralize the civillian. SMQ advises on Dutch Taxes (WOZ), Real Estate (BAG), Civil Affairs (BRP) and the Environment Act (DSO) and thus offers a complementary service in addition to Exxellence software products.
About Exxellence and SMQ
Exxellence and SMQ, both based in Hengelo, were until recently both part of the Kune Group. Kune was founded in 2001 as a merger between Exxellence and SMQ. The Exxellence Groep has more than 100 employees and serves more than 120 customers throughout the Netherlands, ranging from municipalities and water boards to housing corporations and healthcare institutions. Customer examples are the municipality of Utrecht, the Municipal Tax Office Twente, the environmental service region Utrecht, the municipality of Tilburg and the country of Curacao.
Exxellence Groep has a clear focus on municipalities and other semi-public bodies. Through its case management system and self-service CRM, Exxellence Groep enables its customers to connect governments and civilians, as well as systems and processes, while making use of experts and smart tools. In addition to software solutions, the Exxellence Groep carries out projects in the fields of WOZ, BAG and BRP through consultancy, secondment and process outsourcing. The products and services offered by the Exxellence Groep optimally support governments in the DSO transition.
Collaboration Exxellence Groep – Main Capital
With the expertise of Main Capital in the European software market, Exxellence Groep is going to further develop its product portfolio and expand it with related point solutions, as well as optimize the added value for its customers. Exxellence Groep will respond optimally to market developments and developments in legislation and regulations in order to be able to serve its customers optimally with user-friendly software solutions, qualitative advice and secondments. In addition, the company will look for strategic combinations with strong entrepreneurs in the government market, in order to expand the product range and market share and to offer a sustainable counterweight to the major players in the market. Main builds on the experience gained in this market with former portfolio company Roxit.
Michel Veenhuis (Director of Exxellence) and Harco Wesselink (Director of SMQ): “As Exxellence and SMQ we have built up a strong position in the government market in the last 19 years, in particular with local governments, and we are proud of what we have achieved. With the joining of Main we are able to further expand our position and growth. It is a good development for our customers, employees and all other stakeholders because it allows us to guarantee continuity. ”
Charly Zwemstra (Managing Partner Main Capital): “Main has a strategic focus and enters into a long-term partnership to support the company in the next phase of growth. It is important for us to apply a stakeholder approach and support Exxellence to enter into partnerships with its customers. In collaboration with Michel and Harco we will facilitate interesting opportunities for the expansion of the product portfolio. Main and management will work together in a sustainable manner towards a leading market position, with an optimal product and service offering aimed at the strategic support of organizations within the public domain. ”
About Main Capital Partners
Main Capital Partners is a strategic investor with a focus on the software sector in the Benelux, DACH and Nordics regions. Main has a long-term horizon focused on successful partnerships with management teams and other stakeholders, in order to build larger software groups. Within the software sector, Main is the most specialized party in management buy-outs and later-stage growth capital. Main has approximately € 1 billion in assets under management for investments in mature and growing software companies. An experienced team of professionals manages these strategic investment funds from offices in The Hague, Düsseldorf and Stockholm.
Main Capital Partners’ current portfolio includes fast-growing software and SaaS companies such as Optimizers, Assessio, GBtec, Onventis, HYPE Innovation, Cleversoft, Enovation, SDB Group, Jobrouter, GOconnectIT, Verklizan, Inergy, MUIS 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 (municipality software), Axxerion (facility management software) and Ymor (APM software).
Note for editors:
The sender of this press release is Main Capital. For more you can contact:
Charly Zwemstra (Managing Partner)
Main Capital Partners B.V., Paleisstraat 6, 2514 JA, The Hague
+31 (0) 70 324 3433 / +31 (0) 6 5127 7805
For more information about Exxellence Groep you can contact:
Michel Veenhuis (CEO)