Roxit Group, a portfolio company of Main Capital, has acquired PSMS. Financial terms weren’t announced. PSMS develops software for the management of infrastructure and public spaces in the Netherlands.
Main Capital strengthens government position through acquisition PSMS
Zwolle | Naarden, January 4, 2017 – As of today the Roxit Group has added PSMS to its portfolio by taking over 100% of the shares. PSMS will continue to operate independently to a large extent. PSMS provides innovative cloud products to public and private clients who are supported in their work in the fields of infrastructure and public space management. With support of Main Capital, the Roxit Group was able to grow its portfolio of software products by doing targeted acquisitions such as Green Valley, Crotec and PSMS.
Strategic strengthening of the government position
Charly Zwemstra, Managing Partner of Main Capital Partners: “PSMS operates in a fundamental sub-area of services offered by government entities and private partners whom they support with cloud services and products. This is an interesting segment which is particularly suitable for innovation using smart software products that enables actors to work together.”
Time for innovative concepts
Rob Steneker, CEO of the Roxit Group, says: “Our customers are in need of renovation. With the digital agenda of the government, it is key to let the government innovate their service and cooperation with citizens and commercial companies. From that perspective, PSMS offers proven solutions and there is a good fit with the Roxit Group.”
Indipendence and synegy
PSMS joins the group as a sister company of Roxit, Green Valley and Crotec. The current management team of PSMS (Martin de Vaal and Ed van Schravesande) remains on board. An important starting point is that the companies will continue to operate independently within the Roxit Group and still optimally serve the customers from Roxit, Green Valley, Crotec and PSMS (like municipalties Zaanstad and Zoetermeer and companies like Evides Waterbedrijf and VolkerWessels Telecom) in specific areas. Martin de Vaal: “This is a great step forward for PSMS as we can keep serving our clients independently and, at the same time, gain by the synergy advantages with our new sister companies in developing our products.”
About Roxit Group
Roxit group originated in 2015 after the acquisition of Roxit by Main Capital. Later that year, the group was expanded with Green Valley and Crotec. With the expertise of Main Capital, the Roxit Group is developing and building its product portfolio. Next to expanding, the focus is on new ways of information sharing, collaboration between stakeholders and anticipation on future regulations to serve the customer even better. Growing by staying small and offering the customers the freedom of choice is the core of the group.
PSMS develops software for the management of infrastructure and public spaces in the Netherlands. She delivers these ICT solutions to governments, network operators and enterprises, among others through a cloud platform. There are about 32 professionals working at PSMS which has its head office in Naarden. www.psms.nl
About Main Capital
Main Capital is a private equity investor with an exclusive focus on the software sector in the Benelux and Germany. Within this sector, we are the most specialized company in management buyouts and later-stage growth capital. Main Capital has approximately € 150 million under management for investments in mature but growing software companies in the Benelux and Germany. An experienced team of professionals manages the Private Equity Funds.
In the current portfolio of Main Capital are rapidly growing (SaaS) software companies like OBI4wan, Axxerion, b+m Informatik, Ymor, Roxit, OnGuard, Sharewire, SecondFloor, ABIT/EuroSystems, Sofon Connexys, Regas, ChainPoint, RVC and TPSC. Main Capital realised many successful exits like IASO to GFI/Solarwinds, Zetacom to Gilde Healthcare, Actuera to Waterland Private Equity and VisionWaves to IFS AB.