Ettlingen, Germany, June 27, 2024 – SoftProject, a leading German provider of business process management software, today announced a strategic partnership with Main Capital Partners ("Main"). Main is a leading European private equity investor specializing in B2B software companies. Main has acquired a majority stake in SoftProject, marking an important milestone for SoftProject as it moves forward into its next phase of growth.
SoftProject a pioneer in the field BPM in Germany and has established itself as a reliable partner for over 300 companies. Its customers include industry leaders such as AXA, BMW, and Stadtwerke Norderstedt with its fiber optic subsidiary wilhelm.tel. The company's flagship product, the X4 BPMS platform, is a comprehensive low-code solution for digitizing business processes. With the help of AI functions, X4 BPMS simplifies process modeling, process automation, and data exchange between IT systems. X4 BPMS accelerates the digital transformation of companies and helps them counteract labor shortages through automation, increase competitiveness through efficiency, and promote sustainability by saving resources. Founded in 2000, the company is in a strong position in the DACH region, particularly in the insurance, energy and utilities, and industrial sectors.
Founder and CEO Dirk Detmer will remain managing director and shareholder and will shape SoftProject's next phase of growth together with Main. The strategic collaboration includes expanding the low-code platform's integration capabilities to other systems, expanding into new industries, and further internationalizing the company.
SoftProject customers can continue to expect stability and reliable service quality. SoftProject's goal is to strengthen existing relationships and offer customers complementary offerings and innovations.
Dirk Detmer, founder and CEO of SoftProject, comments:
"Given Main's impressive track record in the DACH region and in the BPM, I am very confident that the partnership will help SoftProject continue on its planned growth path. We are seeing high demand for our products and services from both SMEs and large enterprises, and with Main's support, we will expand our reach beyond the DACH region to other geographical areas. We expect this partnership to enable us to scale more quickly internationally, further expand our vertical approach with the help of Main's industry expertise, and further solidify our position as a holistic supporter of digital transformation for our customers."
Sven van Berge Henegouwen, Managing Partner at Main Capital Partners, summarizes:
"We have been in close contact with SoftProject for quite some time and are delighted about the partnership and look forward to accompanying the company on its future journey. SoftProject a well-known name in BPM. The company benefits enormously from its modern software solution, its exceptional customer relationships, and the remarkable employees who make up the team. We are confident that our targeted organic growth initiatives, combined with a selective buy-and-build strategy, will result in an improved offering for existing and new customers."
About Main Capital Partners
Main Capital Partners is a leading software investor in the DACH region, the BENELUX countries, the Scandinavian countries, and the United States. Main has more than 20 years of experience in developing software companies and works closely with the management teams in its portfolio as a strategic partner to build sustainable growth and larger, outstanding software groups. As a leading software investor managing private equity funds in Northwest Europe and North America, Main employs more than 70 people in its offices in The Hague, Düsseldorf, Stockholm, Antwerp, and an affiliated office in Boston. Main manages assets of over €6 billion and maintains an active portfolio of over 45 software companies. The underlying portfolio employs over 12,000 people.
