M&A Deal Summary

Unit4 Acquires Scanmarket

On June 1, 2022, Unit4 acquired internet software and services company Scanmarket from Verdane

Acquisition Highlights
  • This is Unit4’s 1st transaction in the Internet Software and Services sector.
  • This is Unit4’s 1st transaction in Denmark.

M&A Deal Summary

Date 2022-06-01
Target Scanmarket
Sector Internet Software and Services
Buyer(s) Unit4
Sellers(s) Verdane
Deal Type Add-on Acquisition

Target

Scanmarket

Solbjerg, Denmark
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.

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Buyer(S) 1

Buyer

Unit4

Sliedrecht, Netherlands

Category Company
Founded 1980
Sector Internet Software and Services
Employees4,300
DESCRIPTION

Unit4 is a global cloud-focused business software company aimed at helping dynamic public sector and commercial services organizations to embrace change simply, quickly and cost effectively in a market sector it calls 'Businesses Living IN Change' (BLINC)™. UNIT4 incorporates a number of the world’s leading change embracing software brands including Agresso, the flagship ERP suite for mid-sized services intensive organizations; Coda, the best-of-class financial management software; and FinancialForce.com, the cloud applications company formed with investment from Salesforce.com. Unit4 was founded in 1980 and is based in Sliedrecht, Netherlands.


DEAL STATS #
Overall 6 of 6
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 5 of 5
Country (Denmark) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-16 Compright

San Francisco, California, United States

Compright is a comprehensive compensation planning solution with customers in over 40 countries. The company delivers an intuitive, comprehensive, and powerful compensation solution designed with mid-market customers in mind, particularly those with more complex multi-national requirements. Compright customers include leading organizations in life sciences, technology and media. Compright was founded in 2017 and is based in San Francisco, California.

Buy -

Seller(S) 1

SELLER

Verdane

Oslo, Norway

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1985
PE ASSETS 1.2B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Verdane is a Norwegian private investment focused on acquiring portfolios of investments. In addition to secondary investing, Verdane also invests in co-investment pools as well as makes direct investments in individual growth companies. Sectors of interest include consumer products/services, software, energy, technology, and communications. Verdane provides support to portfolio owners to reduce exposure to private equity risk, achieve liquidity and free owners from the burden of managing direct investments. The majority of Verdane's investments are growth stage, however, the Firm can invest at any stage of development. Verdane was formerly known as Four Seasons Venture AS and was established in 1985. Verdane is based in Oslo, with additional offices in Helsinki and Stockholm.


DEAL STATS #
Overall 46 of 46
Sector (Internet Software and Services) 3 of 3
Type (Add-on Acquisition) 32 of 32
Country (Denmark) 3 of 3
Year (2022) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-19 Inriver

Malmo, Sweden

Inriver empowers organizations to deliver revenue-driving product information at every touchpoint. Inriver’s Digital-first PIM enables organizations to bring compelling product stories to life for highly customized purchases, obtain actionable guidance on what influences buying decisions, and then quickly adapt to put insights into action. Inriver helps B2B and B2C organizations turn product information into strategic assets to drive revenue for over 1,600 brands and 700 customers globally. Inriver was formed in 2003 and is headquartered in Malmö, Sweden.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-29 Qbtech

Stockholm, Sweden

Qbtech develops solutions and products for improving the identification, diagnosis, treatment, and follow-up of patients living with ADHD. Qbtech was formed in 2002 and is based in Stockholm, Sweden.

Buy -