Software investor Main Capital Partners (“Main”) today announces four acquisitions of majority shareholdings in business software companies Nissen & Velten (ERP), texdata (ERP), aruba BI (BI) and Litreca (financial solutions). The four companies will now be combined to form a new comprehensive business software group that will be known as enventa.
These four businesses all have significant and well-established track records as market leaders within their own sectors, operating across the business software landscape. They focus on enterprise resource planning (“ERP”), business intelligence (“BI”), as well operational financial solutions such as receivables and treasury management. enventa now has a strong footprint in the DACH region, serving the German SME and corporate market.
Combined 2022 revenues for enventa are forecast to reach approximately EUR25 million and are predicted to increase further at a double-digit growth rate. This will make enventa a “Rule of 40” company with a combined growth rate and profit margin of >40%. The Group will now employ approximately 200 people to drive and support this growth trajectory deploying a cross and upsell strategy.
Nissen & Velten is headquartered in Stockach, offering comprehensive, flexible and integrated ERP software solutions in wholesale markets for technical, steel, sanitary, building materials and electrical products. This covers a broad spectrum of solutions, ranging from ERP, CRM and e-commerce modules to WMS, PMS and analytics solutions.
Established in 1983 and based in Karlsruhe, texdata offers standardised ERP business software for companies in the apparel, footwear and home textiles sectors. The product portfolio of texdata comprises a fully modularised ERP solution covering business processes ranging from product development, production and sales to logistics. texdata also has a comprehensive warehouse management system that delivers everything for intralogistics from chaotic storage, mobile picking solutions through to the integration of robotic picking solutions.
aruba BI, which works closely with texdata through customer integration (serving around 20 clients together to-date), is a leading provider of business intelligence solutions for extracting, structuring, analysing and visualising data from well-positioned corporate software for all layers of information technology and operational technology. The product portfolio of aruba comprises an enterprise BI solution including reporting, analytics and business intelligence, as well as an enterprise scorecard, enterprise query and an event-driven dashboard. texdata serves more than 180 customers across the apparel, footwear and textile industries while aruba has more than 400 industrial SME customers.
Litreca, with headquarters in Stuttgart, is a provider of modular financial solutions for CFOs, financial decision makers, treasurers and employees from finance departments. It specialises in mid-to-large sized companies, within SAP as well as other ERP systems. As part of the enventa Group, Litreca will focus on providing financial business software.
enventa is now well positioned to benefit from the advantages of consolidation, economies of scale, technological integration and aligning with like-minded, highly skilled professionals across the region.
Customers for enventa through the umbrella of these four operating companies now include Lufthansa, Leica Camera and KYOCERA Fineceramics Precision among others.
Sven van Berge, Head of DACH activities at Main Capital Partners, commented:
“The ERP market offers significant growth opportunities for the DACH region. These acquisitions give Main a strong stable of holistic software providers to better serve the German SME market. We will capitalise on our existing, extensive experience within the ERP software sector and implement it to further grow and develop these exciting business synergies to drive enventa forward. We will look to achieve sustainable growth through solid business models and initiatives such as further buy-and-build execution in the fragmented ERP market as well as diversification through cross-selling. There will also be a key focus on cloud readiness and tech stack operations giving strong modernisation. We are very excited for this next chapter, working together with the respective existing management structures as a part of the wider succession plan.
Daniel Plohnke, CEO at textdata, and newly appointed CEO of enventa, commented:
“We are really looking forward to joining forces with Main. We chose Main as a partner for their extensive know-how and strategic support in building large, cross-border software groups. With the current combination of companies, we have set up a strong foundation for the next phase of the enventa group to enable further expansion into the DACH market.”
Stephanie Kliner, CEO at Litreca and newly appointed CFO for enventa, commented:
“The strategic combination of these companies under the enventa umbrella is an essential part of our growth journey for the group. We are adding unique competences to the teams as well as providing new and more holistic software solutions. These are neatly interlinked and will deliver higher customer value to our existing and future customers.”
Joerg Nissen and Günther Velten, Founders of Nissen & Velten, commented:
“We are ready to begin the next chapter of our growth journey. With our strong software proposal in the group and organic growth, we will now partner with Main and implement a successful buy-and-build strategy. This will enable us to compete for the top positions in our industry.”
All the senior management and founders referenced will remain with the Group as part of the new strategic direction for the companies. They also share a strong belief in the future growth prospects having all either invested or reinvested in enventa following this integration process.
Main Capital Partners
Main Capital Partners (“Main”) is a leading software investor in the Benelux, DACH and Nordics. Main has almost 20 years of experience in developing software companies and works closely together with management teams of its portfolio companies as a strategic partner, in order to realise sustainable growth and build excellent software groups. Main has over 45 employees and has offices in The Hague, Stockholm and Düsseldorf. As of October 2021, Main has over 2.2 billion euros under management. Main has invested in more than 120 software companies. These companies create jobs for approximately 4,000 employees.
Nissen & Velten Software GmbH supports its customers in seizing the opportunities of digital transformation. For more than 30 years, the software house has been producing innovative business solutions for small and medium-sized companies. The software enventa ERP offers solutions for ERP, CRM, logistics, e-commerce and master data management. A portfolio of industry solutions for the technical wholesale, the SHK trade, the steel trade and for the electrical wholesale completes the offer. The 90 employees of Nissen & Velten and the 15 sales partners in Germany, Austria and Switzerland together support more than 350 companies.
Litreca AG offers software for optimal financial processes. For more than 25 years, Litreca AG has had its finger on the pulse, closely observing market situations and the needs of companies in Germany, Austria and Switzerland. Whether treasury management, secure payment transactions, automated bank statement processing or financial planning – Litreca AG’s passion is to provide high-quality financial solutions within SAP and for independent ERP systems. The results are practice-oriented software solutions, which are designed together with more than 600 customers.
texdata software gmbh is one of the leading providers of business software for the fashion and lifestyle industry. With offices in Karlsruhe, Bielefeld and Lustenau (Austria), texdata serves approximately 180 customers in German-speaking countries, including successful brands such as Seidensticker, bruno banani, Luisa Cerano and Burda create. The ERP system DIAMOD enables companies to connect all areas from design, sales, production, procurement, logistics to the end user to a continuous and transparent process. With the WMS software DIALOG, companies and logistics service providers optimize their intralogistics and ensure inventory security and maximum performance.
aruba informatik GmbH supports companies in making optimal use of their data. aruba BI includes easy-to-use and practical products for data extraction and provision (ETL) as well as for reporting, analysis and planning. In addition, the solution portfolio includes reporting portals, enterprise cockpits and dashboards, and real-time monitoring. Around 600 companies use BI solutions from aruba as the basis for secure business decisions.
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