PRIMAVERA has reached an agreement with the British Oakley Capital, joining a large business group that has the mission of leading the Iberian market in the development of cloud business solutions.
PRIMAVERA is the first Portuguese company acquired by Oakley Capital, which already owns a group of six Spanish companies, such as EKON, a recognized manufacturer of cloud management software for medium and large companies, Contasimple, Diez, among others, with the strategic objective of leading the Iberian market of cloud business management software.
PRIMAVERA is the largest company acquired under this consolidation project, which will be called "Grupo PRIMAVERA". The new group emerges as a leader in Iberia, already with 600 employees, 60 million Euros in revenues and 55,000 customers.
The Management Team remains the same
PRIMAVERA will maintain all its activity and will continue to develop business autonomously, maintaining the same Board, current leaders, development team and business model based on a wide network of partners that will continue to ensure continuous monitoring and proximity to each of its customers.
The current management team joins Santiago Solanas as CEO of the new Grupo PRIMAVERA, a professional with three decades of experience in the sector, which reinforces the strategic mission of leading the Iberian market of management solutions in the cloud.
Following the transaction, the founders and majority shareholders of PRIMAVERA BSS, SA also became significant shareholders of the new business group, shortly after the majority share of the leading fund - Oakley Capital.
Product offer strengthening
The wide scope of the offer will be one of the major differentiating factors of the new business group, which will join PRIMAVERA BSS's current portfolio – which earlier this year has been largely complemented with new cloud solutions, based on state-of-the-art technology and prepared to enter the Spanish market as early as next year – to the offer developed by the entire business group, thus ensuring full coverage of the management needs of the business framework.
The same commitment to each Employee, Partner, Customer and Community
The new Grupo PRIMAVERA reinforces the purpose of pursuing the strategy of continuously innovating in business management and maintains the serious commitment made to each of its Employees, Partners, Customers and Community, with the firm conviction that from now on there will be the ideal conditions to provide even more intelligent and disruptive solutions to support the digital transformation of the business framework.