Main announces majority investment in Intelligent Document Processing software provider Whitevision

Together with Main, Whitevision will pursue a strategy to further enrich its product offering and expand internationally to become a leading player in the European market.

Whitevision, founded in 2005 and based in Breda (The Netherlands), is a developer and provider of software solutions to process documents in a digital and efficient manner. The company assists organizations in automatically collecting, recognizing, matching and approving documents. Whitevision consequently provides substantial efficiency gains for organizations by automating the document processing workflows.

Whitevision provides its modern software solutions to more than 1,600 customers across various document-heavy verticals, including the construction & installation, professional services, technology, logistics and the automotive industry. With Whitevision’s SaaS platform, more than 18 million documents are processed each year, leading to significant time savings across its customer base.

Strong ambitions for growth and product innovation

Whitevision and Main will aim to accelerate the company’s growth, both in the Netherlands, its home market, as well as in the rest of Europe. The company has already initiated the first steps in its internationalization strategy. Whitevision aims to significantly accelerate this ambition on the back of an effective direct go-to-market strategy and utilization of its strong partner network, while relying on the knowledge and network provided by Main’s deep market coverage in various European regions such as the DACH and Nordics. Next to the ambition to penetrate new markets, Whitevision and Main will also invest in the further expansion of the company’s product suite to enhance the value proposition for new and existing customers even more.

Frank de Wit, CEO of Whitevision: “We are delighted to announce the partnership with Main. After nearly 20 years of building a stable foundation with more than 1,600 customers and 25,000 users, we are entering a new phase of growth with this partnership. This will allow us to realize our growth ambitions even faster! Together with Main and the Whitevision team, we can enable even more organizations to benefit from our smart solutions for processing incoming documents. In parallel, we can invest even more in smart and new technologies to further expand our leading position in the rapidly changing market.”

For Main, the acquisition marks a next strategic step in a market they have a great level of expertise and experience in. Sjoerd Aarts, Managing Partner at Main Capital Partners: “Intelligent Document Processing and the broader markets of Enterprise Information Management and Business Process Management are domains in which Main has developed a great level of expertise. The increasing need for the digitization and automation of processes, as well as cross-border eProcurement opportunities, are expected to drive the growth of this market in the upcoming years. Main has been in contact with Frank for a long time already and is impressed by the company he has built. We are very excited to assist Frank and Whitevision’s experienced management team as a strategic partner in the company’s next stage of national and international expansion, both organically and through a buy-and-build strategy.”