Private equity firm EMH Partners agreed to acquire a 65% stake in cleverbridge, a global provider of subscription billing and management services focused on digital goods, primarily software. Financial terms were not disclosed. "The subscription billing and management market fits perfectly into our investment strategy, our entrepreneurial beliefs and our scope of competences. The market promises strong growth as the volume of subscription and software-as-a-service solutions sold globally continues to increase. cleverbridge, with its excellent cloud-based technology platform and its seasoned management team and experts, is a leader both in providing operational excellence and growth support to its clients. We look forward to supporting the company and its clients during their next phase of expansion," Dominik Schwarz, EMH Partner.