The incorporation of LARI digital marks Main’s inaugural acquisition of a Swiss company, affirming its commitment to bolstering Aunetic’s presence in Europe through organic growth, strategic partnerships, and a selective buy-and-build strategy. This milestone follows Main’s establishment of the international governance software group Aunetic, anchored by the merger of Swedish Blika and German audimex.
Founded in 2017 in Switzerland, LARI digital offers a leading cloud-based legal and regulatory intelligence platform. LARI is an end-to-end solution for in-house legal and compliance teams to easily monitor legislative and regulatory changes, while increasing the level of automation (not only by AI) and also translating them into actionable and auditable items. Regulatory monitoring tasks that otherwise would have been carried out manually are automated, and LARI’s users are able to gain more control over their workstreams. The company focuses on mid-sized corporations and is a leader in the Swiss market, with insurance & banking customers accounting for approximately half of the customer base.
Strengthening Aunetic’s position as a preferred governance partner in Europe
The primary objectives of the strategic acquisition with LARI include the strengthening of Aunetic’s governance software suite, strengthening of the market position in the DACH region, and fortification of the group organization. LARI digital, as an attractive add-on acquisition, aligns seamlessly with these goals, enhancing and complementing Aunetic’s existing product suite with new solutions withing regulatory change monitoring, while contributing to the consolidation of its presence in the DACH region, particularly in the Swiss market where LARI has a strong market position. This strategic move supports Aunetic in its journey to become a leading governance software group in Europe.
Christian Baumgart, CEO of Aunetic: “I am delighted and proud to be taking the next step in the journey of building Aunetic’s development path so quickly. With the support from Main Capital and the expertise of LARI, Aunetic is consistently pursuing one overarching goal: to become the Leading European Provider of Governance Technology. Personally, I find three advantages from the acquisition: excellent product fit with the existing products of Aunetic, increasing our presence in Switzerland and the high level of automation expertise together with fresh knowledge in the field of AI. I am excited about our future successes and assure you that this is not the last chapter in our growth story!”
Edi Schaerer, CEO of LARI: “We are thrilled to announce our partnership with Aunetic and Main, a pivotal step for our company. This collaboration strengthens our capacity to expand and innovate rapidly throughout Europe. By joining forces with such pioneering companies, we can provide our customers with an expanded and diverse range of offerings. This synergy promises to forge innovative solutions and superior service. We are enthusiastic about the remarkable opportunities this partnership presents and are eager to embark on this transformative journey with our esteemed partners and valued customers.”
Wessel Ploegmakers, Partner & Head of Nordics at Main Capital Partners, concludes: “Together with the management team of Aunetic, we have identified LARI as an attractive add-on acquisition to expand and complement Aunetic’s current product offering, as well as further strengthening Aunetic’s presence within the DACH region. This strategic move underscores Aunetic’s commitment to expanding its comprehensive product offering and strengthening its foothold in the European market. Moving forward, we will continue to support Aunetic with their growth ambitions by offering our deep sector knowledge and our vast network within the international software space.”
Moving forward, we will continue to support Aunetic with their growth ambitions by offering our deep sector knowledge and our vast network within the international software space.
Aunetic, formerly known as Blika, is headquartered in Stockholm, with additional offices across Sweden and Germany. Aunetic’s mission is to reshape the future of governance with the approach to mirror their clients’ governance departments, with the ultimate goal of comprehensively addressing every aspect of governance. Aunetic is dedicated to supporting large and medium-sized groups with Tax & Legal, Audit / Compliance, Risk Management and Compliance & Ethics to achieve efficiency, increase quality and automate much of customers’ governance work. As a further benefit Aunetic guide company leaders to make informed decisions by providing transparent risk assessments across all governance areas = Guiding Governance.
Founded in 2017, LARI is a leading Swiss cloud-based legal and regulatory intelligence platform. LARI offers an end-to-end solution for in-house legal and compliance teams to stay on top of legislative and regulatory changes, such as court rulings, legislation and government orders. Monitoring is automated and users are also assisted by the platform in translating those complex changes into actionable and auditable items. Thus, LARI is a combination of a monitoring and reporting tool resulting in a project management solution. The company focuses on mid-sized corporations and is a leader in the Swiss market, with insurance & banking accounting for approximately half of the customer base.
Read more about other recent acquisitions or mergers within the Main network.