Bluegarden, a Marlin Equity Partners portfolio company, has acquired Medvind Informationsteknik AB. Financial terms weren’t announced. Medvind, of Stockholm, provides human resource planning and time management software solutions to customers in the public, media and healthcare services sectors.
Marlin portfolio company Bluegarden acquires Medvind
LOS ANGELES and LONDON, January 10, 2017 – Marlin Equity Partners (“Marlin”) is pleased to announce that it has acquired Medvind Informationsteknik AB (“Medvind”), a leading provider of workforce management software in Sweden. Founded in 1995 and based in Stockholm, Medvind offers human resource planning and time management software solutions to customers in the public, media and healthcare services sectors. Medvind has been merged with Bluegarden Holding A/S (“Bluegarden”), a Marlin portfolio company, further enhancing Bluegarden’s existing human capital management software platform with a workforce management offering and increasing the overall scale of its Swedish operations.
“The workplace of the future is being shaped by a trend towards increased flexibility across hours, methods and employment types,” said Mogens Elsberg, CEO of Bluegarden. “To compete successfully, companies need to manage their human capital effectively, particularly in the public and healthcare sectors where cost pressures continue to rise. The acquisition of Medvind allows us to add an integrated, complementary solution to our existing suite of software tools and positions us for rapid growth in Sweden and across Scandinavia.”
“The Medvind team is extremely excited to expand upon its 10 years of successful collaboration with Bluegarden,” said Magnus Radbo, founder and CEO of Medvind. “We continue to see significant growth opportunities throughout Scandinavia and, with Bluegarden’s solid market position and robust service offering, believe we can further accelerate the strong growth Medvind has delivered in recent years.”
“We are thrilled to welcome Medvind and its innovative solutions to the Bluegarden platform,” said Jan-Olivier Fillols, a vice president at Marlin. “The combination ensures that Bluegarden will continue to deliver the best possible services to its customers, while opening the door to substantial growth opportunities.”
About Marlin Equity Partners
Marlin Equity Partners is a global investment firm with over $3 billion of capital under management. The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. Marlin invests in businesses across multiple industries where its capital base, industry relationships and extensive network of operational resources significantly strengthens a company’s outlook and enhances value. Since its inception, Marlin, through its group of funds and related companies, has successfully completed over 100 acquisitions. The firm is headquartered in Los Angeles, California with an additional office in London. For more information, please visit www.marlinequity.com.
Founded in 1969, Bluegarden is the leading provider of cloud-based payroll and HR administration software solutions in Denmark, Norway and Sweden. Bluegarden develops and operates some of the most widely-used and user-friendly software platforms for payroll and HR administration. The company’s products are simple to use, scalable to all types and sizes of companies and, most important of all, offer best-in-class reliability and accuracy. Bluegarden’s solutions take care of payroll and HR administration for its customers, leaving them free to concentrate on their core businesses. For more information, please visit www.bluegarden.com.
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