Main Capital invests in financial services software provider FOCONIS and acquires majority stake

Press releases
Main Capital Partners
16/03/2021

Düsseldorf/Cologne/Vilshofen an der Donau: Today, Main Capital announces that it has acquired a majority stake in FOCONIS, a leading provider of data quality, control and compliance software for banks in the German-speaking region. With its comprehensive product offering FOCONIS has built up a market-leading position among both saving and cooperative banks, helping clients to comply with regulatory requirements, enhance data quality and save operating costs.

Founded in 2000 with its headquarter in Vilshofen, FOCONIS has grown into a leading software provider, primarily addressing banks in the German-speaking region, with 80 employees. Amongst the 600+ clients of the company, saving banks (Sparkassen) and cooperative banks (Genossenschaftsbanken) are in the majority next to private banks and associations. The prime objective of the FOCONIS solution is to help clients identify and apply data and compliance controls in order to implement an efficient internal control system.

The main product, FOCONIS-ZAK®, consolidates data from different sources (e.g. securities tradings, company information, creditworthiness), analyzes, controls and corrects this data and then updates the data automatically in the core banking system of the client. This results in better data quality, enhanced compliance processes and lower operating costs for banks since major efforts of the former manually performed compliance and data control processes can be automated. Next to FOCONIS’ data integration, process automation and workflow capabilities (incl. RPA integration), the company’s key competitive advantage stems from its close partnerships with the largest banking data center providers in the German-speaking region, giving FOCONIS access to client data stored in core banking systems. Moreover, its new version ZAK 3 convinces with a cloud-ready tech-stack, strong usability and modern UI as well as artificial intelligence functionality.

In recent years financial institutions have been under rising pressure driven by the prevailing low interest rate environment yet increasing regulatory requirements and new market entrants that challenge traditional service providers. In order to cope with the multitude of financial regulation and remain competitive, it is expected that banking and other financial services institutions will further rationalize their processes and organizations, setting FOCONIS on a strong growth path in the years to come.

Main Capital will actively support FOCONIS and its management team in leveraging its existing market position and continuing its strong growth path by further expanding into adjacent customer segments with high regulatory and data quality requirements. Besides organic growth initiatives, selective add-on acquisitions will be an important growth pillar in the partnership, enhancing the value proposition for FOCONIS’ customers further.

Cooperation FOCONIS – Main Capital

 Olaf Pulwey (Board member FOCONIS):

“Financial institutions are under increasing pressure to comply with more regulations but limited resources. With our mission critical solution we can help our clients to automate manual control tasks and save operating costs in order to remain competitive. We strongly believe that with Main Capital as a partner and Main’s long-standing experience in the financial services software market, we can play a key role in supporting our clients during these challenging times helping them on their digitization and automation journeys.”

 Sven van Berge Henegouwen (Partner & Head of Main Capital Partners DACH):

“We are delighted that FOCONIS has chosen Main Capital as their preferred partner to write the next growth chapter of the company together. FOCONIS is an innovative company that has built-up an entrenched market position in a highly attractive end-market. We believe the company provides a strong platform for further organic and inorganic growth strategies, whereby the company can continue to grow in adjacent product and market segments.”

About FOCONIS

FOCONIS is a leading provider of data quality, control and compliance software for banks, designed to support financial institutions with internal reporting systems and to meet regulatory requirements. The solution is focused on banks in the German speaking regions, currently comprising 600+ customers in the financial services industry. The company’s main product, FOCONIS-ZAK®, consolidates data from different sources, encompassing public exchange data, data from banking associations, the customer’s existing data or other (un-)structured data. The system then analyzes and controls the processed data by applying a large set of rules. Where conspicuous business transactions are identified, ZAK initiates the resolution of compliance issues according to a firmly defined process including escalation paths. The controlled and corrected data is then automatically updated in the respective core banking system of the client. The company was founded in 2000 and currently has 80 employees.

About Main Capital

Main Capital is a strategic software investor with an exclusive focus on the software sector in the Benelux, DACH-region and Scandinavia. Within this sector, we are the most specialized party in management buy-outs and later-stage growth capital for strategic acquisitions. Main Capital has approximately Euro 1 billion under management for investments in mature and growing software companies in the Netherlands, DACH-region and Scandinavia. An experienced team of professionals manages these Private Equity funds from offices in The Hague, Düsseldorf and Stockholm.

In addition to FOCONIS, the current portfolio of Main Capital Partners includes fast-growing software and SaaS companies such as Relyon (Field Service Management software), Perbility (HR Software), Pointsharp (Identity & Access Management), Textkernel (HR & AI software), MACH AG (E-Government software), WoodWing (marketing automation), Alfa (healthcare), Exxellence Groep (government software), Optimizers (supply chain software), Assessio (HR & Talent management), GBTEC (process automation / workflow management/ GRC), Onventis (procurement & invoice management), HYPE Innovation (innovation management / collaboration), Cleversoft (GRC for financial services), Enovation (Healthcare), SDB Groep (Healthcare), JobRouter (Process automation), GOconnectIT (GEO ICT), Inergy (data-driven governmental solutions), MUIS Software (financial administrative), Artegic (marketing automation), OBI4wan (customer engagement & Chatbot platform), b + m Informatik (financial services), Sofon (configure-price-quote software), Sharewire (mobile services) and ChainPoint (sustainable supply chain tracking). Successful former companies that have grown substantially under the guidance of Main are among many others: Connexys (HR software), Roxit (municipal software), Axxerion (facility management software), Ymor (APM software), OnGuard (credit management), Regas (healthcare registration), Eurosystems/ABIT (cash management), and RVC (Healthcare).

Note for the editor:

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

Sven van Berge Henegouwen (Partner)

Main Capital Partners GmbH, Rathausufer 17, 40213 Düsseldorf

Tel: +49 (0) 211 7314 9339 / +31 (0)70 324 34 33

sven@main.nl

www.main.nl

Olaf Pulwey (Board member)

FOCONIS AG, Furtgasse 2, 94474 Vilshofen an der Donau

Tel: +49 1638428420

olaf.pulwey@foconis.de

www.foconis.de

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