Main Capital Partners-backed GBTEC completed the acquisition of avedos.

Main Capital Partners-backed GBTEC, a software and consulting specialist, completed the acquisition of avedos, a Vienna-based GRC software provider. Financial terms were not disclosed. "We are very pleased to welcome avedos to the GBTEC Group. The strategic combination with avedos is a great starting point in our international buy-and-build strategy with the aim to turn GBTEC into the European market leader in BPM. The comprehensive and complimentary GRC solution of avedos adds further depth to GBTEC’s vertical offering and we are confident that we can quickly leverage the synergies in products and business models for the benefit of existing and new customers," Sven van Berge Henegouwen, Main Capital Partners Partner.