The acquisition further solidifies Whitevision’s IDP product offering and market position within the Benelux, providing a solid foundation for further international growth. The transaction marks the third step in the buy-and-build strategy of Whitevision since partnering up with Main Capital Partners in August 2024.
Founded in 2000 and headquartered in Zoetermeer (NL), FileLinx is a developer and provider of low-code Intelligent Document Processing software solutions. The FileLinx suite automates key administrative workflows, including invoice approval, procurement, and order matching. FileLinx has a dominant position in the healthcare vertical and holds a strong presence in the professional services, industry, and education verticals. The customers are located in the Benelux; notable examples i.a. include Picnic, Achmea, and the KNVB.
FileLinx 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. The IDP market remains relatively fragmented, with several large players driving consolidation. The combination of FileLinx and Whitevision marks a strategic step in positioning Whitevision as a consolidator in the industry while enhancing its product portfolio.
This combination is a great example of how our buy-and-build strategy creates value for both companies and their customers.''
Frank de Wit, Chief Executive Officer & Founder of Whitevision: “Together, FileLinx and Whitevision are aligning on a joint product strategy and share the ambition to become the leading Intelligent Document Processing software provider in Europe. The addition of FileLinx’s low-code capabilities enhances the group’s strategic position by enriching its product offering and increasing its ability to address diverse customer needs.”
Frank Bunck, Chief Executive Officer & Founder of FileLinx: “FileLinx and Whitevision share a joint product strategy and a strong cultural fit. By joining forces, we can accelerate our growth both in the Netherlands and internationally, while also developing even better, more complete products for our customers. I’m especially looking forward to working closely with Frank and the broader Whitevision team.”
Sjoerd Aarts, Managing Partner at Main Capital Partners: “The acquisition of Filelinx by Whitevision perfectly aligns with our strategy to build software groups that are leaders in their product-market. This combination is a great example of how our buy-and-build strategy creates value for both companies and their customers. Together, Whitevision and FileLinx are well positioned to serve the growing Intelligent Document Processing market with an easily adaptable low-code product. Adding FileLinx to the group marks the third acquisition in our buy-and-build strategy since partnering with Whitevision in August 2024.”
Founded in 2000 and based in Zoetermeer (NL), FileLinx provides low-code Intelligent Document Processing software that automates workflows such as invoice approval, procurement, and order matching. Leveraging its adaptable low-code platform, FileLinx integrates rapidly with ERP systems and can be tailored to the specific needs of different organizations. This enables customers across sectors to realize structural time and cost savings while improving control over administrative processes. FileLinx holds a prominent position in the healthcare sector and has a strong presence in professional services, industry, and education, with most customers located in the Benelux.
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. 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 1,700 customers, for which it processes over 20 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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