PRESS RELEASE 2020.10.29
Verdane, the Northern European specialist growth investor, has announced its minority investment in Stratsys, the cloud-based platform offering tools to simplify planning, execution and evaluation of strategic plans and governance models. Verdane will support Stratsys’ expansion in the Nordics and help grow its client base in both the public and private sector.
Verdane will draw on its experience from over 40 investments in software companies to support the development of Stratsys go-to-market model as it helps their customers to digitalise governance and strategic management.
“We offer the best cloud-based solution in the market for strategic planning and management. Too many public sector and private organisations still use inefficient systems like Word or Excel to plan, execute and evaluate projects and strategies. Together with Verdane, we are going to bring the Stratsys platform to new markets across the Nordics and increase our traction in the private sector. Sweden has one of the most digitally advanced public sectors in the world, and both public and private sector organisations everywhere could save a lot of time and money by centralising and simplifying strategic planning, management and governance”, says Henrik Lepasoon, CEO at Stratsys.
Founded in 2000 by Henrik Lepasoon and Magnus Pernvik, Stratsys is a Sweden-based SaaS company offering a configurable governance and strategic management platform. Its software platform digitalises workflow processes and creates an overview of the links between the overall strategic plan and actions needed. As a result, the administrative burden on the organisation is eased as internal stakeholders can better coordinate their work and there is increased transparency on strategic plans and follow-ups. The company has a turnover of SEK 160m, with 25% recurring revenue growth.
“We are proud to partner with Henrik, Magnus and the Stratsys team on their growth journey. The team has built an impressive user-centric product with a uniquely high degree of intersystem compatibility that helps complex organisations efficiently comply with laws and regulatory requirements, letting them better deliver on their goals. As the most active financial investor in growth-stage software companies in the Nordics, Verdane is eminently suited to help Stratsys bring better governance and strategic management to more markets,” says Pål Malmros, Partner and Head of Software at Verdane.
Stratsys has over 300 public and private sector customers including Aleris, SAAB, Peab, Stena, Bonnier, City of Stockholm and Region Västra Götaland representing 200,000 daily users in Sweden and Norway, with a market-leading position in the public and healthcare sectors. The company has 150 employees across offices in Gothenburg, Malmö and Stockholm. Stratsys has certified a Great Place to Work for the past four years.
Stratsys offers work-life simplicity for organizations that need an efficient digital solution for strategic planning and management. We make it easier for people, companies and organizations to get more out of their plans, projects and strategies. Since launching in 2000, Stratsys has gone from one to over twenty different products. We offer an entire platform of products and services for both the public and private sectors across a range of industries. Our 150 employees, based in Gothenburg, Malmö and Stockholm, support over 300 organisations representing 200,000 daily users in Sweden and Norway. www.stratsys.com
Verdane is a specialist growth equity investment firm that partners with ambitious Northern European tech-enabled businesses to help them reach the next stage of international growth. Verdane pioneered portfolio acquisitions in Northern Europe in 2003, and announced a complementary fund strategy entirely dedicated to direct investments in 2018. Verdane’s eight funds hold €2bn in total commitments and have made over 120 thematic investments into category leaders in digital consumer, energy & resource efficiency and software businesses. Verdane’s team of 61, based in Berlin, Copenhagen, Helsinki, London, Oslo and Stockholm, is dedicated to be the best growth partner in Northern Europe. www.verdane.com