Groupe Monnoyeur-backed Groupe Arkance completed the acquisition of Point Group.

Groupe Monnoyeur-backed Groupe Arkance, a French application software products provider, completed the acquisition of Point Group, a Finnish software developer. Financial terms were not disclosed. “In order to continue to grow, we need to be part of a larger entity. Through the deal, we will be able to take the industry’s expertise to the next level and grow it throughout the European market. It was particularly important to us in the deal that the new owner had a similar approach. It was great to see how the values ​​of Point Group and Arkance combine: the customer is at the center and the staff and expertise are valued. These are the main pillars of this acquisition. We will continue our current activities as part of a larger organization that values ​​localism. This will enable us to focus more on our core mission of managing our customer relationships,” Tuomas Hörkkö, Point Group CEO.