The Hague, 4 November 2021 – Main Capital Partners today announces the acquisition of a majority stake in Zig Websoftware. Zig develops and implements innovative software solutions for housing corporations, student accommodation and commercial property management and is the market leader in housing allocation.
Bringing aboard Main symbolises an important step in Zig’s strategy to further strengthen its market leading position as software provider in the social housing rental sector in the Netherlands and grow its presence in the commercial property management segment. Today, over 160 real estate organisations and 1.8 million tenants and housing market entrants use Zig’s software.
Zig has been active in the real estate industry for more than 20 years. The core offering of Zig’s solution is an innovative smart platform aimed at efficient housing and rental allocation. In addition, Zig offers solutions that enable tenants to manage their own affairs online or via an app such as payments, reporting complaints, submitting repair requests or to cancel a rental tenancy agreement. The company places a keen focus on continuous product innovation as a clear market differentiator in which the customer experience is absolutely paramount.
Growth and innovation
Supported by Main’s strong track record and expertise in the European software market, Zig will look to further develop its product portfolio and offer a more value-added experience to its customer base. Main will continue to support Zig through its market knowledge, capital deployment and non-organic growth strategies.
Gerbert Kooij, Director at Zig, commented:
“We see this new partnership with Main as a significant step in achieving accelerated growth. With Main as our strategic partner, we are excited about the opportunity to expand our existing client portfolio in both the housing and commercial real estate markets and to further optimise our software in a sustained manner. We are confident that through this collaboration we will be able to innovate faster and respond better to market developments.”
Pieter van Bodegraven, Managing Partner Benelux at Main, added:
“Zig has a very strong and talented management team and we are very excited to grow together with them in the real estate market. Our ambition is to further strengthen Zig’s market position as a full-service provider for social and commercial real estate organisations, through both organic growth and a buy-and-build strategy.”
Strong growth in PropTech
Van Bodegraven continued: “Globally, the PropTech market is estimated to be worth around $17 billion. Zig operates in parts of that market where we see and expect strong growth, anticipated to be in the region of 20% plus per annum over the next few years. Growth in PropTech and property management software is driven in part by the continued demand for suitable housing, the energy transition and the requirement to comprehensively manage housing and building portfolios, such as those of housing corporations.”
About Zig Websoftware
Founded in 2001, Zig has established a leading position in the housing corporation and commercial real estate market. Zig delivers its software to a broad customer base of over 150 organizations in the Netherlands. Examples of customers include De Alliantie, Rochdale, Sociale Verhuurders Haaglanden, DUWO, Mooiland, Klik voor Wonen, Thuis in Limburg, Elkien, Bouwinvest and a.s.r.. The company has approximately 90 employees.
About Main Capital Partners
Main Capital Partners is a strategic investor with an exclusive focus on enterprise software companies. Main has almost 20 years of experience in building strong software groups in the Benelux, the DACH-region and the Nordics. Main specializes in helping management teams within mature and growing software companies achieve sustainable growth by working closely together as a strategic partner. Main has a workforce of 45 employees working from offices in The Hague, Stockholm and Düsseldorf, offering support on a strategic and a pragmatic level. As of October 2021, Main Capital Partners has approximately €2.2 billion assets under management.
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