FOR IMMEDIATE RELEASE
STOCKHOLM, SWEDEN – November 9, 2017
Tacton, a world leader in sales and product configuration for the manufacturing sector, today announced a transaction whereby an investor consortium consisting of the software focused private equity fund GRO Capital and the family owned investment company KIRK KAPITAL, takes majority control by acquisition of existing shares and injects up to USD 12 million to fund growth initiatives.
The investment comes at a time of substantial growth for Tacton. 2017 is seeing continued strength with a significant number of new customers, and a very strong growth in annual recurring revenue. The past 12 months, Tacton has executed two strategic acquisitions and continued the expansion of its global footprint, opening offices in the US, Germany, and Poland.
The funds raised will enable Tacton to further accelerate its global market expansion.
Tacton will also leverage the investment to support the recruitment and on-boarding of new staff to boost the continued development of its ground-breaking CPQ (Configure Price Quote) solution including Design Automation and 3D visualization.
“Tacton is a highly innovative company that is currently shaking up the whole CPQ market and indeed the entire digital transformation for manufacturing companies across the globe”, says Lars Lunde, Partner at GRO Capital. He continues, “We are looking forward to working with Tacton management and seeing the company continue to leverage its cutting-edge technology and expand its offerings globally”.
Frederic Laziou, CEO at Tacton says, “With manufacturers preparing for a much more customer-centric market, those who leverage the digitalization process and are able to embrace Artificial Intelligence will stand strong for the future. This is exactly what we offer our customers”. He continues, “Our aggressive growth strategy is proceeding to plan, and this funding round is an important milestone on our journey. I am delighted that we can now extend our market reach and solution footprint – among others into the Salesforce ecosystem”.
For more information, please contact:
Frederic Laziou, CEO Tacton Systems, phone: +46 709 56 43 12
Anders Ekman, CMO Tacton Systems, phone +46 739 20 24 12
Tacton provides intelligent, customer based solutions, designed to bring together sales engineers and operations in manufacturing. We enable manufacturers to accurately address customers needs while ensuring efficacy and profitability. Our intelligent sales and product configurator (CPQ) with built in design automation and 3D visualization seamlessly connects to CRM, ERP & PLM systems. Tacton is headquartered in Stockholm, Sweden, with customers and resellers across the globe. More information about Tacton is available on www.tacton.com
About GRO Capital:
GRO Capital is a leading private equity fund with an exclusive focus on mature B2B software and tech enabled small and medium sized companies with strong growth prospects. GRO Capital serves as active owners and develop portfolio companies with a view to create long-term value.The partners behind GRO Capital have been investors in more than 20 technology and software related companies. In addition to Tacton Systems, GRO Fund I include investments in Trackunit, Targit, Auditdata, Boyum IT Solutions and Trifork, all successful software providers.More information about GRO Capital is available on www.grocapital.dk
About KIRK KAPITAL:
KIRK KAPITAL is a family investment office focusing on long-term value creation. KIRK KAPITAL business areas include strategic investments, financial investments and family office services. KIRK KAPITAL’s activities within strategic investments are focused around acquiring minority positions in medium and larger sized companies, which have market leading positions in long-term growth industries. KIRK KAPITAL currently holds strategic investments in EasyPark, Kompan, Ferrosan Medical Devices and PNO among others. More information about KIRK KAPITAL is available on www.kirkkapital.dk