Main Capital acquires a majority stake in identity management software provider SIVIS

SIVIS, a recognized provider of identity management software solutions, joins the portfolio of Main Capital Partners.

Main Capital Partners

Düsseldorf/ Karlsruhe, 17th of June 2021 – SIVIS, a recognized provider of identity management software solutions, joins the portfolio of Main Capital Partners. The comprehensive solution helps to organize roles, identities and authorizations within the SAP ecosystem, allowing customers to compliantly manage its users. SIVIS’s subscription revenue is expected to grow at remarkable 34% this year.

SIVIS was founded in 1999 and focuses on SAP add-ons all around IDM, risk management, compliance and authorizations. Using SIVIS’ solutions allows customers to organize and manage roles and identities within the SAP ecosystem from a single location in an automated and user-friendly manner. Headquartered in Karlsruhe, the company serves more than 120 loyal enterprise customers in several industries, engaging 46 employees. SIVIS’ modular solution supports all relevant software product versions of SAP, including S4/HANA and can also be connected to cloud systems through industry standard interfaces. Some of the partners that SIVIS closely collaborates with are Mehrwerk, Voquz and Mindsquare.

SIVIS’ security and compliance solutions make complex SAP administration almost effortless. The solution portfolio supports in administering authorizations, accesses, emergency management, compliance analyses and more. Flagship modules of SIVIS include its Role Manager, Identity Manager and Compliance Manager. The Role Manager allows for a simple and central administration of all roles in the SAP system, while the identity manager enables a simple user and user rights administration. The Compliance Manager closes GDPR security gaps and mitigates compliance risks as it detects role conflicts through analyzing the SAP authorization concept. With a selective buy and build strategy, we aim to further expand the product offering and enhance the customer value proposition.

Companies with hundreds or thousands of employees are oftentimes challenged with granting their staff access to the right applications at the time needed. Managing that many users in an ecosystem is a complex and time-consuming task that can lead to a lack of security and compliance when handled improperly. As security and compliance requirements tighten for enterprises, system and infrastructure landscapes become more complex, and digital identities become increasingly important, the Identity & Access Management software market is expected to strongly grow in the future.

The founders of SIVIS have built up a strong and enthusiastic young management team to succeed them. In the course of the transaction, the second-line managers have acquired a substantial stake in SIVIS underlining their commitment and believe in the future of SIVIS . The joint growth strategy between Main Capital and the succeeding management team is to internationally expand the business and enhance the product offering with selective add-on acquisitions also beyond the SAP ecosystem, such that enterprise-wide systems can be managed and controlled from a single source.

Partnership SIVIS – Main Capital

 Philipp Latini and Boris Grothues (co-CEOs of SIVIS):

 “We are very pleased to be able to write the next growth chapter of SIVIS together with Main Capital Partners. We see multiple growth opportunities for SIVIS and strongly believe that Main with its software expertise especially in the security and compliance domains is the right strategic partner to support us in bringing the company to the next level.”

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

SIVIS operates in a very interesting market with lots of growth opportunities within but also beyond its currently served  ecosystem. Boris and Philipp already know the company well and they are an important strategic pillar going forward. After Pointsharp in the Nordics, we are happy to welcome SIVIS as further strong security player to the portfolio.”

SIVIS is a software specialist for SAP identity and role management. The company was founded in 1999 and has 46 employees. In addition to its headquarter in Karlsruhe, SIVIS also has offices in Eschbach and Switzerland. SIVIS’ industry agnostic solution is implemented at more than 120 enterprise customers mostly in the DACH region. The company aims to offer added value to SAP customers through a combination of product development, qualified consulting and effective project implementation.

About Main Capital
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 player 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 Paragin (NL, e-learning solution), FOCONIS (DACH, specialized control systems for financial institutions), Relyon (NL, fieldservice management), Perbility (DACH, HR software), Pointsharp (SE, Security Software) MACH AG (DACH, government software), Textkernel (NL, HR software), Exxellence (NL, government software), WoodWing (NL, ECM/DAM software), Alfa (SE, healthcare/government software), Optimizers (NL, SCM software), Assessio (SE, HR software), GBTEC (DACH, BPM/GRC software), Onventis (DACH, procurement software), HYPE Innovation (DACH, innovation management software), cleversoft (DACH, RegTech), Enovation (NL, healthcare software), SDB Group (NL, healthcare HR software), Jobrouter (DACH, BPM/WFM software), GOconnectIT (NL, GIS/FSM software), Inergy (NL, BI software), KING Software (NL, ERP/accounting software), Artegic (DACH, marketing software), OBI4wan (NL, social media monitoring software), b + m Informatik (DACH financial services software), and ChainPoint (NL, SCM software).

Successful former companies that grew significantly under Main’s leadership include Sofon (NL, CRM/CPQ software), Connexys (HR software), Roxit (NL, government software), Axxerion (NL, facilities management software), Ymor (NL, APM software), Onguard (NL, credit management software), TPSC (NL, healthcare GRC software) and RVC (NL, healthcare software).

Note for the editor:

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

Sven van Berge Henegouwen (Partner, Head of DACH)
Main Capital Partners GmbH, Rathausufer 17, 40213, Düsseldorf
Tel: +49 (0) 211 7314 9339 / +31 (0)70 324 34 33

Philipp Latini and Boris Grothues (co-CEOs)
SIVIS GmbH, Grünhutstr. 6, 76187 Karlsruhe
Tel: +49 721 509907 00


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