Monterro completed the acquisition of a majority stake in Umbraco.

Monterro, a software growth investor, completed the acquisition of a majority stake in Umbraco, a content management system platform. Financial terms were not disclosed. "With extensive CMS experience and a true belief in open-source software, Monterro is a perfect match as we strive to meet increasing demand for best-of-breed DXP solutions that make complex technologies easy to use," Kim Sneum Madsen, Umbraco CEO.