STG to acquire the Public Sector business of Formpipe Software for SEK850m.

STG, a private equity firm, agreed to acquire the Public Sector business of Formpipe Software, a software company, for SEK850m. “This transaction is a win for all stakeholders. STG will be a good partner for our public team going forward. I look forward to developing our already strong market position and capture the many growth opportunities in Lasernet, being a niche, leading international B2B software company with a proprietary platform in CCM (Customer Communications Management). The high degree of recurring revenue is an excellent starting point for our continued expansion,” Magnus Svenningson, Formpipe CEO.