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New Deal


Announced

Completed

Abry Partners-backed Confirma Software completed the acquisistion of Friskus and SmartTID.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Private

Completed

Denmark

Norway

activity calendar

time and attendance solutions

IT Services: Other

Acquisition

Cross Border

Private Equity

Friendly

Single Bidder

Synopsis

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Abry Partners-backed Confirma Software, a vertical software platform that acquires strong enterprise software companies, completed the acquisistion of Friskus, a provider of software solutions to municipalities that makes participation in activities for the young and seniors easier, and SmartTID, a provider of time and attendance solutions with the latest technology that help companies, schools and other firms to monitor. Financial terms were not disclosed. “We are very happy to welcome the Friskus and SmartTID teams to Confirma Software. Friskus adds new functionality to our Civis product area for municipalities, while SmartTID adds exciting focused functionality that is applicable across most of our verticals. Both companies are expected to expand their reach significantly across our operations in the Nordics," Jarle Mørk, Confirma Software CEO.

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