Blog postStandout Capital Invests in Exsitec to Fuel Further Growth
Press Release – Stockholm, Sweden (MyNewsdesk)
Standout Capital acquires a majority stake in Exsitec, a leading provider of business system software to medium sized companies in Sweden. Standout Capital looks forward to support Exsitec's continued commitment to provide high quality services to current and future customers and to fuel the continued growth and development of the company. Following the transaction Standout Capital holds 55% of the shares in Exsitec and former owners and management will retain a 45% ownership in the company.
Exsitec is a leading provider of business system software, including ERP, business intelligence and mobile solutions for medium-sized companies in Sweden. The Company's customer base consists of over 500 companies across several industries and includes many renowned enterprises including Fonus, Linas Matkasse and Tele2 Business.
"We have grown from SEK 30 million to nearly SEK 130 million in sales over the past five years, and want to bring both financial muscle and expertise in expanding the company to the next level", said Chairman Peter Viberg.
"Our business is about helping our clients in software selection, making sure they are successful in the implementations and taking responsibility for long term support and maintenance. In the coming years, we plan to add additional offers in our portfolio and expand geographically. Standout Capital's focus on Nordic technology companies makes them a perfect partner for us, and they can bring expertise and resources to help us reach new markets faster. Standout Capital show a deep interest in understanding our customers, our business and our corporate culture, and have been easy to work with in this process", says CEO Johan Kallblad.
"Exsitec has displayed impressive growth supported by its strong niche expertise and its outstanding track record of successfully serving its customers. Standout ultimately invests in the digitisation of business and society, and Exsitec is a good example of a successful company with solid prospects for capitalizing on this trend and in a market niche where we are confident to add substantial value. We believe there are significant opportunities to continue growing and developing Exsitec further and we look forward to work with the competent and dedicated team of management and employees to fully realize the potential of the company", says Standout Capital's partner Klas Hillström.
Contacts and further information
Klas Hillström, Partner, Standout Capital, +46 70 508 77 12, klas.hillstrom@standoutcapital.com
Johan Kallblad, CEO, Exsitec, +46 706 65 99 09, johan.kallblad@exsitec.se
About Exsitec – Exsitec specializes in enterprise systems including ERP, business intelligence and mobile solutions. The company helps its customers choosing the right IT systems tailored to the customer's business, making sure that everything works together and takes responsibility for the delivery and support. Exsitec has a nationwide delivery organization with 120 employees with combined expertise in IT and business management. They use leading systems like Visma Business, Visma.net, QlikView / Sense Effect Plan, Mobigo and MediusFlow. Exsitec is headquartered in Linköping and has regional offices in Stockholm, Gothenburg, Malmö, Örebro, Sundsvall and Söderhamn. www.exsitec.se
About Standout Capital – Standout Capital is a Stockholm-based private equity firm investing in growing Nordic tech companies. As an active owner, our mission is to partner with outstanding companies to help them grow and succeed. Standout Capital's investment strategy is to support the digital transformation in business and society. The founders and investment team build on experience in entrepreneurship, investments and finance. The Standout Capital I fund is SEK 1 billion. www.standoutcapital.com
Image: Johan Kallblad, CEO of Exsitec
Standout Capital I AB benefits from the support of the European Union under the Equity Facility for Growth established under Regulation (EU) No 1287/2013 of the European Parliament and the Council establishing a Programme for the Competitiveness of Enterprises and small and medium enterprises (COSME) (2014-2020)