Riverside Europe, the European part of The Riverside Company, has invested in Germany-based Evint, a workforce management software provider. No financial terms were disclosed.
Riverside Europe, the European part of The Riverside Company, a global private equity firm focused on the smaller end of the middle market, has invested in Germany-based Evint, a workforce management software provider. The investment is an add-on to Riverside Europe’s GermanPersonnel (GP) platform. This is the platform’s second add-on, having invested in Compana, a German provider of recruitment software solutions in 2019.
Adding EVINT to the group is in line with the combined strategy of establishing the leading end-to-end workforce management platform focused on simplifying and accelerating the cooperation between both workforce service providers and end-customers.
“Today, workforce service providers and end-customers use many different stand-alone tools to collaborate, which creates significant inefficiencies,” said Riverside Partner Dr. Michael Weber. “With an end-to-end platform, these inefficiencies can be overcome, and the collaboration becomes more direct, easier and quicker.”
This is one more example of Riverside’s dedication to both its Software and IT Specialization. Riverside has completed more than 150 investments in this focus area and has a team of global experts dedicated to growing these companies.
Working with Michael Weber on the deal for Riverside were Principal Matthias Fink, Senior Associate Florian Halama, Senior Finance Executive Bernd Starrock and Operating Partner Julian Heerdegen.
About The Riverside Company
The Riverside Company is a global private equity firm focused on investing in growing businesses valued at up to $400 million. Since its founding in 1988, Riverside has made more than 650 investments. The firm’s international private equity and structured capital portfolios include more than 100 companies.
Headquartered in Munich, Germany, GermanPersonnel is a leading SaaS vendor for data-driven and platform-agnostic programmatic recruitment solutions focused on enterprise as well as medium-sized customers with high volume recruiting needs. For more information, please visit www.germanpersonnel.de
Headquartered in Feucht, Germany, Compana is an applicant tracking software specialist managing complexity in unstructured data. Compana’s best-in-class matching algorithm provides for increased process efficiency and quality of applicants. For more information, please visit www.compana.net
Headquartered in Fulda, Germany, EVINT is a leading provider of vendor management and cloud-based workforce management software solutions optimizing processes in the areas of time & vendor management, personnel and applicant administration, billing and compliance management. EVINT enables a fully integrated process workflow for managing external as well as internal workforce in one unified software platform. For more information, please visit www.evint.de.