Expands global footprint with acquisition of Germany-based Comparex
In a bid to extend its worldwide presence and build out its service portfolio, SoftwareONE, a software portfolio management company with global headquarters in Stans, Switzerland, has completed its purchase of Comparex for an undisclosed sum.
The Lowdown: In a release announcing the deal’s closing, SoftwareONE officials said the acquisition of Comparex will allow it to “further grow its services while continuing to…shape the changing business needs of its customers by delivering best-in-class software solutions and proactively managing customers’ software portfolios.”
The Details: Comparex employs nearly 2,500 people at more than 80 sites in 35 countries across Europe, Asia, and the Americas. With the acquisition, SoftwareONE more than doubles its head count, bringing the number of employees to 5,500-plus.
The integration process will be guided by Chief Sales Officer Marc Betgem, who will serve on the combined entity’s executive leadership team, and Thomas Reich, former CEO of Comparex, who will exit the company once the transition is complete.
Background: Last October, SoftwareONE announced that it would be purchasing 100 percent of Comparex’s shares from Raiffeisen Informatik GmbH. The company anticipated that, post-acquisition, it would be managing about €10 billion in software purchases, building on its existing product and service base to provide customers with advanced solutions such as digital-software supply chain management.
The Buzz: “We are incredibly proud to close the acquisition of COMPAREX, which is a continuation of SoftwareONE’s business transformation as it allows us to gain scale, further invest in innovation and expand in key geographies,” said Daniel von Stockar, chairman of SoftwareONE’s board of directors. “By bringing the strengths and talents of both organizations together, we will offer our customers unprecedented opportunities through our global reach, regional expertise, scalability, and comprehensive portfolio, all to help them through their digital transformation.”
“The closing of the acquisition of Comparex is a clear indication of SoftwareONE’s ongoing commitment to backing the digital transformation of our more than 50,000 customers worldwide,” said Dieter Schlosser, CEO of SoftwareONE. “[We] will continue to focus on helping customers address their changing business needs through innovative, outcome-driven software solutions, and we look forward to driving even more exciting changes as a combined company.”