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  5. Scanmarket Acquires Symfact

M&A Deal Summary

Scanmarket Acquires Symfact

On October 28, 2021, Scanmarket acquired software company Symfact

Acquisition Highlights
  • This is Scanmarket’s 1st transaction in the Software sector.
  • This is Scanmarket’s 1st transaction in Switzerland.

M&A Deal Summary
Date 2021-10-28
Target Symfact
Sector Software
Buyer(s) Scanmarket
Deal Type Add-on Acquisition

Target

Symfact

Uster, Switzerland
Symfact is the developer of a software platform for enterprise management. The company's single and unique software, across multiple contract and compliance domains, allows businesses to deal with several contract areas as well as related governance, risk, and compliance. Symfact was formed in 2003 and is based in Uster, Switzerland.

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Buyer(S) 1

Buyer

Scanmarket

Solbjerg, Denmark
Category Company
Founded 1999
Sector Internet Software and Services
DESCRIPTION

Scanmarket is a cloud-based SaaS suite within strategic sourcing software. Scanmarket supports procurement teams with purchasing, planning, assessment and performance management through a Source-to-Contract SaaS suite. Scanmarket was founded in 1999 and is based in Solbjerg, Denmark.

DEAL STATS #
Overall 2 of 2
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
Country: Switzerland M&A 1 of 1
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-14 MIA Data

United States

MIA Data is an analytics technology company specializing in artificial intelligence and machine learning applied to digitalization of business procurement processes.

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