Hengelo, 31 August – T&T, the market leader in software for real-time integration with basic registers for Dutch (semi-)government organizations, joins Exxellence Groep, majority participation of Main Capital. After the acquisition of Zaaksysteem.nl in May this year, the acquisition is the second step in the buy-and-build strategy to form strategic combinations with leading companies in the (semi-)government market, in order to improve the product offering and added value for (semi-)public customers and to provide a sustainable counterbalance to the larger players in the market.
T&T COMPET&T (T&T) was founded in 1976 and is located in Eindhoven. The company serves more than 350 clients throughout the Netherlands with target group of pension funds, municipalities and other (semi-)public organizations. As a result, Exxellence Groep and T&T serve a significant part of the (semi-)government market with and extensive product range. Examples of T&T customers are the UWV, the Ministry of Health, Welfare and Sport, APG, the Social Insurance Bank and the municipality of Rotterdam.
The core business of T&T is connecting customers in real-time with the basic registers such as the Personal Records Database, the Trade Register, the Basic Registration Addresses Buildings and the pension register. The most important part of T&T business is formed by the Personal Records Database: T&T provides approximately 500 Personal Records Database connections for customers who jointly track more than 170 million people and carry out more than 32 million queries per year. The T&T software is supplied as a SaaS application. Due to the sensitivity of the data and the close interdependence with the customer’s business-critical systems, high demands are placed on the safety, availability and reliability of T&T solutions. The company is the absolute market leader in the field.
Collaboration T&T – Exxellence Groep
Together, T&T and Exxellence Groep have more than 500 customers and serve most of the Dutch municipalities and (semi-)public organizations throughout the Netherlands. With the acquisition of T&T, Exxellence Groep and Main Capital are taking a big step in expanding the product portfolio and in doing so optimize the added value for customers. After laying a solid foundation with Zaaksysteem.nl, the acquisition of T&T is a very strategic second step, focusing on the integration layer of the government software landscape. Supported by Main Capital, the combined company will continue to explore further strategic combinations with software product providers in the government market. The group’s ambition is to grow into a leading provider of software solutions and related services within the (semi-)government market in order to expand the product range and added value towards customers and to provide a sustainable alternative to the larger players in the market. Main elaborates on the experience gained in this market with former portfolio company Roxit. The organizations will strengthen each other on a functional level whereby outstanding service provision for the customer is the starting point.
Henk van Hoeckel (Managing director and majority shareholder T&T): “We look forward to working with Exxellence Groep. Their customer base and scale will offer many new opportunities for T&T. Furthermore, through this collaboration Exxellence gains access to the customer base of T&T and benefits from T&T’s many years of experience in exploiting SaaS applications. We are motivated to work with our new colleagues on the group’s ambition to play a leading role as an ICT supplier for the (semi-)government.”
Michel Veenhuis (CEO Exxellence Groep): “We are very pleased to add T&T with its robust reputation as a foundation for integration to our group. Every inhabitant of the Netherlands is in contact with the support of our software through its contacts and transactions with the government. A position of which we are proud and are eager to expand.”
Charly Zwemstra (Managing Partner Main Capital): “Main has a strategic focus and has entered into a long-term partnership with Exxellence Groep to support the company in its next phase of growth. After the acquisition of Zaaksysteem.nl in May this year, this is another important step towards a leading position in the (semi-)public market, by means of a strong product and service range aimed at strategically supporting organizations within the public domain.”
About Exxellence Groep
Exxellence Groep consists of Exxellence Zaken (business system software from Zaaksysteem.nl), Exxellence and Exxellence services (SMQ) and is located in Hengelo and Amsterdam. Exxellence Groep has over 150 employees and serves more than 500 customers throughout the Netherlands, varying from municipalities and regional water authorities to housing corporations and care institutions. Examples of customers are the municipality of Utrecht, the municipality of Alkmaar, the Municipal Tax Office of Twente, the environment service Utrecht region and the country of Curaçao.
Exxellence Groep has a clear focus on municipalities and other (semi-)public bodies. Through its business systems and self-service CRM, Exxellence Groep enables its customers to make connections between governments and residents, systems and processes, with the use of experts and smart tools. In addition to software solutions, the Exxellence Groep carries out projects and services in the field of WOZ, BAG and BRP through consultancy, secondment and process outsourcing. The products and services of the Exxellence Groep optimally support governments in the DSO transition.
About Main Capital Partners
Main Capital is a strategic investor with an exclusive focus on the software sector in the Benelux, DACH and Nordics. Main has a long term horizon around successful partnerships with management teams, with the aim of building larger software groups together. Main has approximately € 1 billion in assets under management for investments in mature and growing software companies. Within the software sector, Main is the most specialized faction in management buyouts and later-stage growth capital for acquisitions. An experienced team of professionals manages these strategic investment funds from offices in The Hague, Düsseldorf and Stockholm.
Main Capital’s current portfolio includes fast-growing software and SaaS software companies such as Exxellence Groep (government software), Alfa (SWE, healthcare), WoodWing (marketing automation), Optimizers (supply chain software), Assessio (SWE, HR & Talent management), GBtec (Germ, process automation/workflow management)/GRC), Onventis (Germ, procurement & invoice management), HYPE Innovation (Germ, innovatie management / collaboration), Cleversoft (Germ, GRC for financial services), Enovation (Healthcare), SDB Groep (healthcare), Jobrouter (Germ,Process automation), GOconnectIT (GEO ICT), Inergy (data driven governmental solutions), MUIS Software (financial administrative), Artegic (Germ, marketing automation), OBI4wan (customer engagement & Chatbot platform), b+m Informatik (Germ, financial services), ChainPoint (sustainable supply chain tracking) en RVC (Healthcare). Successfully developed former portfolio companies include Roxit (gemeentesoftware), Axxerion (facility management software), Ymor (APM software) and Onguard (creditmanagement). The combined turnover of the Main software companies sums up to approximately € 400 million and growing by double digits annually.
Note to editor:
For more information, please contact:
Charly Zwemstra (Managing Partner)
Main Capital Partners B.V., Paleisstraat 6, 2514 JA, Den Haag
Tel: +31 (0) 70 324 3433 / +31 (0) 6 5127 7805
For more information on Exxellence Groep, please contact:
Michel Veenhuis (CEO)
Tel: +31 6 21895968
For more information on T&T COMPET&T, please contact:
Tel: + 31 40 2434300
We will keep you informed on the most relevant developments of Main Capital