Assessio, a Main Capital portfolio company, has acquired HFMtalentindex. Financial terms weren’t announced. HFMtalentindex is a SaaS provider of talent assessment and development tests that help organizations find talent and develop employees.
Assessio and Main Capital join forces with HFMtalentindex to create a leading European Talent Management player
Stockholm, 30 September, 2019
Assessio and Main Capital join forces with SaaS vendor HFMtalentindex to create a leading European player within the Talent Assessment and Talent Development markets. This is Assessio’s first add-on acquisition since the entry of Main Capital as majority shareholder in 2019 and is driven by a highly complementary product offering, matching scientific foundations and strengthened geographical presence in both the Nordics and Benelux markets.
HFMtalentindex is a leading player in the Dutch talent assessment and talent development market. HFMtalentindex helps organizations to benefit more from talent by recognizing and harnessing talent. Since its establishment in 1997, HFMtalentindex has grown into a leading SaaS provider of talent assessment and development tests that help organizations find talent, develop its employees and facilitate effective collaboration. The large selection of online assessments & tools offered by HFMtalentindex allows HR managers more in-depth insight into their organization. HFMtalentindex is serving a strong and growing client base mainly consisting of midsized to large enterprise customers. Example clients include Capgemini, Deloitte, Rabobank, Red Cross, FedEx and Crédit Agricole Consumer Finance.
As an independent provider of modern evidence-based SaaS solutions for matching, selection, development and business-driven HR, Assessio’s mission is to be part in developing effective organizations, predicting success and improving performance. The new combination of Assessio and HFMtalentindex creates a leading North-western group in the Talent Assessment and Talent Development market, servicing close to 2 000 customers with more than 100 people from 4 offices. Both companies have a strong scientific foundation and with the combined offering will be able to help their customers to both acquire and manage talent effectively by offering more extensive capabilities within both the pre-hire and post-hire processes.
Next to organic growth in its core markets, Assessio Group will follow a buy-and-build strategy aimed at achieving strategic combinations that will further improve the product offering and strengthen its geographic positioning as a leading SaaS vendor in the European market.
Pär Cederholm (CEO Assessio): “The strategic combination with HFMtalentindex will truly strengthen the Assessio Group product offering. With the added assessment solutions that HFMtalentindex brings in combination with its highly skilled workforce, we are now able to start delivering our combined services to the European market.”
Evelien Schram (Managing Director HFM): “I am convinced that HFMtalentindex and Assessio together can take major steps in the future. By combining our knowledge and expertise in the field of psychometric science and new technology, we are able to offer the latest solutions for the various strategic (HR) issues of organizations. Always from the idea that the success of organizations consists of the qualities of their people.”
Charly Zwemstra (Chairman of the Board Assessio and Managing Partner Main Capital Partners): “This acquisition proves the value-add of our investment approach, leveraging a vast European network of software companies which enables us to identify complementary and strategic combinations. The Assessio Group is now well-positioned to claim the position as the number one player within talent assessment solutions in Europe.”
For over 65 years, Assessio has been a specialist in talent assessments finding its heritage in scientific psychology research. In recent years, the company has incorporated this strong foundation and knowledge into the modern state-of-the-art Ascend platform providing customers with a variety of user-friendly talent assessment solutions. Assessio holds a unique position in the market, combining solutions from the digital assessment platform Ascend as well as providing world-renowned products such as MBTI and 16pf. The company is currently developing additional innovative modules which will be launched later this year. The product suite of Assessio enables clients to incorporate data-driven work practices in core HR processes, further driving success of HR strategies.
HFMtalentindex, founded in 1997, is a recognized Talent Management and Talent Assessment software player with a leading position in the Benelux market and a core focus on midsized to large enterprise clients. HFMtalentindex helps organizations to benefit more from talent by recognizing and harnessing talent. The online assessments & tools provided by HFMtalentindex through their modern SaaS platform offer HR managers more in-depth insight into the organization: Where is the talent? Who makes a difference? Why does one team perform better than the other? Which combination of talents works best? HFMtalentindex serves approximately 250 clients, predominantly in the Benelux market with additional presence in South Africa.
About Main Capital
Main Capital is a strategic investor with an exclusive focus on the software sector in the Benelux, Germany and Scandinavia. Within this sector, Main is the most specialized party in management buy-outs and later-stage growth capital for strategic acquisitions. Main Capital has approximately € 450 million under management for investments in mature but growing software companies in the Netherlands, Germany and Scandinavia. An experienced team of professionals manage these Private Equity funds from offices in The Hague, Düsseldorf and Stockholm.
In addition to Assessio, the current investment portfolio of Main Capital consists of growing (SaaS) software companies such as Onventis, Optimizers, HYPE Innovation, cleversoft, Enovation, SDB Ayton, GOconnectIT, JobRouter, Inergy, MUIS Software, artegic, OBI4wan, Onguard, SecondFloor, Sofon and ChainPoint. Main Capital also has an interest in managed hosting provider Denit. Main Capital has a long-term perspective with the intention to build larger strong software groups. Former successful Main Capital group companies include among others Roxit, Axxerion, and Regas.