xxllnc, a leader in GovTech software, expands its market position with the acquisition of tax software company Processfive. By joining forces with Processfive, xxllnc can expand its current suite of tax applications and offer a complete solution within the tax domain. The combination of Processfive marks the eleventh acquisition of xxllnc since its partnership with software investor Main Capital Partners.
Processfive is a specialist in providing software and services for (semi-)governmental organizations active in the tax domain. Among other things, Processfive’s solutions support customers in object registration, process inspection, quality control and reporting back of data to the basic registers. Processfive customers include the municipalities of Rotterdam and The Hague as well as Waternet and BghU.
The company is located in Alphen aan den Rijn and has approximately 18 employees. The current shareholders and management of Processfive – consisting of Rogier Noordam, Jeroen Prins and Maarten Stam – will become co-shareholders in xxllnc and will also remain active within the broader organization. xxllnc is a portfolio company of Main Capital Partners, a strategic investor in the software industry focused on accelerating growth and creating business value.
By joining forces, xxllnc and Processfive will be able to provide customers with a broader range of products and services. Through the collaboration, xxllnc strengthens its market-leading position within the tax segment. The experience and knowledge of Processfive will continue to be deployed within the broader xxllnc organization. Processfive’s expertise and knowledge will be invaluable assets for xxllnc, and customers will continue to benefit from the same high-quality service and operations they are accustomed to.
xxllnc, formerly known as Exxellence Groep, started in 2001 as a spin-off of the University of Twente and grew into a leading software supplier with more than 400 employees and a range of solutions for the Dutch (semi-)governmental sector. Customers of xxllnc include Municipalities of The Hague, Leiden and Utrecht, as well as UWV. The company has added eleven software companies since it came under the wings of Main Capital Partners in 2020.
Michel Veenhuis, CEO of xxllnc, mentions: “We are very excited about the cooperation with the Processfive team with whom we can further broaden our product offering and expand our knowledge.”
Charly Zwemstra, Managing Partner Main Capital Partners & Chief Investment Officer, concludes: “The combination between xxllnc and Processfive is yet another step for the company to strengthen its position as a complete and innovative player. Processfive has made good strides in recent years, making it a valuable addition to the organization.”
The combination between xxllnc and Processfive is yet another step for the company to strengthen its position as a complete and innovative player.
Processfive, founded in 2013, is a specialist in providing software that supports governments in the tax domain. In cooperation with its customers, Processfive develops innovative software solutions that provide support in the area of taxes. Among other things, Processfive’s solutions support customers with process inspection and quality control. Processfive has c. 18 employees and is based in Alphen aan de Rijn.
xxllnc provides smart scalable apps for the government and semi-government. Applications that support case management, data integration, taxation, social affairs and spatial planning. To take GovTech to the next level, xxllnc builds an ecosystem where everything works seamlessly together. The perfect combination of applications from the cloud and support from subject matter professionals. Meanwhile, the team consisting of hundreds of specialists is based in Hengelo, Amsterdam, Veenendaal and Eindhoven.
Read more about other recent acquisitions or mergers within the Main network.