Acquisition of ProMark Marks Fortino Capital's First Private Equity Growth Investment in the Nordics

Philipps & Byrne Provides Tech Due Diligence for Strategic Acquisition

ProMark, a leader in Nordic workforce management software, has secured an investment from Fortino Capital, a European growth investor with a focus on B2B software. This investment marks a significant commitment by Fortino Capital to support ProMark’s solutions tailored to complex workforce management needs. Philipps & Byrne supported the acquisition by providing the Product and Technology Due Diligence.

• Location: Nordic Region
• Business Context: Workforce Management
• Tech Landscape: SaaS & Platform
• Investment: M&A / Private Equity Growth

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Tech Due Diligence for Strategic Private Equity Growth Investment

Philipps & Byrne supported Fortino Capital's acquisition by conducting comprehensive tech due diligence on ProMark, strutinizing their adaptability, scalability, and software capabilities. We evaluated the leadership and team dynamics, focusing on the innovative drive and technical expertise of the founders and key personnel. The examination extended to assessing ProMark’s system architecture, product management strategies, and potential for driving continued innovation and market expansion under Fortino Capital’s ownership. Additionally, our review ensured that ProMark’s solutions adhere to industry standards of quality assurance, security, compliance, and privacy necessary for global operation and expansion.

About ProMark

ProMark is a leading vendor of SaaS Workforce Management solutions. With advanced functionality for time & attendance reporting, absence and task management, as well as scheduling, our all-in-one solution helps some of the largest and most well-known Nordic brands maximise employee engagement, productivity, and profitability. ProMark has 85+ employees and is headquartered in Denmark with subsidiaries in Sweden, Norway, UK, and Romania. Read more at www.promark365.com.

About Fortino Capital

Fortino Capital is a European investment firm focused on rapidly growing B2B software solutions. It manages two private equity growth funds and two venture capital funds. With offices in Belgium, the Netherlands, and Germany, Fortino supports exceptional and ambitious entrepreneurs across Europe. The private equity growth portfolio of Fortino Capital includes SIMCON (DE), Cerrix (NL), Addactis (BE), VanRoey (BE), BizzMine (BE), MobileXpense (BE), Efficy CRM (BE), Tenzinger (NL), SpeakUp (NL), Cenosco (NL), Maxxton (NL), and Bonitasoft (FR). Fortino's venture capital portfolio includes Vertuoza (BE), TechWolf (BE), Zaion (FR), Salonkee (LUX), Sides (DE), D2X (NL), Altura (NL), Billy Grace (NL), Peers (DE), and Kosli (NO).

Visit: https://www.fortinocapital.com/

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