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July 8th 2021 - Press Release

Investment company EMERAM sells its portfolio company Matrix42 to Corten Capital

Funds advised by EMERAM Capital Partners, one of the leading investment companies for medium-sized companies in the German-speaking region (“EMERAM”), sell their portfolio company Matrix42 to the private equity firm Corten Capital. The transaction has now been closed.

During EMERAM’s holding period, the management team around CEO Oliver Bendig, has managed to substantially grow Matrix42’s revenues and profitability organically as well as through strategic add-on acquisitions while repositioning the company from a perpetual license model to a SaaS model thereby increasing the share of recurring revenues. The team also successfully executed an internationalisation strategy through partner-first concept (indirect sales) in key markets outside DACH, most notably France, Italy and the US.

Kai Köppen, Senior Partner at EMERAM, added: “Matrix42 has developed extraordinarily strong over the past years. Today, Matrix42 is a true leader in its verticals Enterprise Service Management and Secure Unified Endpoint Management while having expanded beyond its core DACH market. CEO Oliver Bendig and the team have done an excellent job strengthening Matrix42’s market position, offering businesses the opportunity to stay ahead of the curve when it comes to digitalization. Matrix42 is a great example how Management Teams and investors can work together to push business development.”

“I am immensely proud of what the Matrix42 team have achieved,” said Oliver Bendig, Matrix42 CEO. “The COVID19 pandemic has been a catalyst for the Digital Workspace market. Matrix42 is at the centre of this revolution. With our solutions, we will continue to support customers to simplify and secure their digital work and to help them through their digital transformation. Matrix42 has strengthened its market positioning over the years through continuous product development, add on acquisitions and internationalisation. My thanks to EMERAM for helping our company reach these important milestones.” 

The purchase price is subject to confidentiality. EMERAM was advised by GLNS, EY, Robert W. Baird & Co. and Raymond James.

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