This transaction marks Whitevision’s fifth add-on acquisition and its second acquisition in the UK since partnering with Main Capital Partners in August 2024.
Founded in 1993 and headquartered in Southampton (UK), Documation specializes in software solutions focused on optimizing the processing of financial documents. The Documation suite automates the full downstream purchase-to-pay process, from purchase order creation and goods receipt to invoice matching, accounts payable processing, and financial reporting. Documation has a customer base of approximately 65 customers, with its software being used across various sectors, including education, corporates, healthcare, manufacturing and municipalities.
Founded in 2005, Whitevision is a developer and provider of software solutions for processing documents digitally and efficiently. Both Documation and Whitevision operate in the fast-growing Intelligent Document Processing (IDP) software market, driven by trends like increasing digitization and (AI-driven) process automation, which are expected to continue expanding the global market.
Through the combination with Documation, Whitevision expands its comprehensive document automation offering and further strengthens its presence in the UK market.. The acquisition continues the execution of Whitevision’s buy-and-build strategy and marks a strategic step in positioning Whitevision as a consolidator in the industry while further enhancing its product portfolio.
This acquisition represents a strategic step for Whitevision; increasing its presence in the UK, accelerating its growth, and reinforcing the foundation for further international expansion."
Frank de Wit, CEO & Founder of Whitevision, stated: “The acquisition of Documation is another strategic move for Whitevision. The combination further strengthens our Intelligent Document Processing capabilities and marks an expansion of our activities in the UK, after the acquisition of Document Logistix at the start of this year. This step accelerates our ambition to become a leading international player in Intelligent Document Processing, Document Management and workflow solutions.”
John Wallace, CEO & Founder of Documation, added: “Bringing our organizations together allows us to build on each other’s strengths. This partnership enables us to deliver more value to customers through a broader portfolio, deeper expertise, and an enhanced presence across multiple regions. We are excited to jointly pursue the development of an end-to-end document automation platform with best-in-class Intelligent Document Processing (IDP) functionalities.”
Sjoerd Aarts, Managing Partner at Main & Chairman of the Supervisory Board at Whitevision, concluded: “This acquisition represents a strategic step for Whitevision; increasing its presence in the UK, accelerating its growth, and reinforcing the foundation for further international expansion. This transaction further strengthens Whitevision’s presence in the UK market, in alignment with the opening of our office in the UK this year. This combination reflects our commitment to creating leading international software groups through targeted buy-and-build initiatives.”
Documation is a developer and provider of software solutions to optimize the process of financial documents. Founded in 1993, the company is headquartered in Southampton (UK) and serves a customer base primarily in the UK. Documation serves customers across multiple industries, including education, corporate, healthcare, manufacturing and municipalities. Its solutions automate the full downstream purchase-to-pay process, supporting organizations in improving operational efficiency, reducing manual processes, and ensuring regulatory compliance, while integrating seamlessly with existing IT landscapes.
Whitevision, founded in 2005 and based in Breda (the Netherlands), is a developer and provider of software solutions for processing documents digitally and efficiently. With its software, Whitevision helps its customers attain significant efficiencies through workflow automation related to the invoice booking process. The company is active in many different verticals but is a particularly prominent player in the construction & installation, professional services, technology, logistics, and the automotive sectors. In total, the company serves over 2,350 customers, for which it processes over 30 million documents on an annual basis.
Nothing contained in this Press Release is intended to project, predict, guarantee, or forecast the future performance of any investment. This Press Release is for information purposes only and is not investment advice or an offer to buy or sell any securities or to invest in any funds or other investment vehicles managed by Main Capital Partners or any other person.
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