LucaNet AG partners with Hg to build a global leader in Corporate Performance Management
(PresseBox) - LucaNet AG (“LucaNet”), a leading German-headquartered financial consolidation and planning software business, today announces that it has agreed a strategic investment from Hg, a leading global software and services investor. This marks a key milestone in the company’s growth and ambition to become a global leader in Corporate Performance Management software.
Hg will invest a majority stake in the business alongside the current majority shareholders – Rolf-Jürgen Moll, Oliver Schmitz, and Dominik Duchon – who will maintain a substantial minority share and are eager to support the company in its next phase of growth. Mr. Duchon will go forward to serve as the CEO.
Founded in 1999, LucaNet began with a vision to create a one-stop-shop software solution, bringing together financial control, planning and consolidation. Since then, the company has evolved into a leader in its core segment – the Office of the CFO for mid-sized companies – globally. With a loyal customer base of more than 3,500 organizations in over 50 countries, offices in China, Singapore, and the Americas as well as a strong European base, LucaNet employs around 500 people worldwide.
Hg’s 20-year experience in the tax, accounting and enterprise resource planning (ERP) software industries, will support LucaNet in strengthening business practices and accelerating a shift to a best-in-class SaaS product and subscription-based revenue. The new partnership is also expected to see continued focus on customer success, product leadership, international sales acceleration, and M&A efforts to augment existing capabilities and expand to new product categories.
Rolf-Jürgen Moll, founder of LucaNet and former CTO for more than 20 years, said: “Since day one we wanted to provide the best software in the world, making life easier for financial professionals everywhere. Hg’s investment is a breakthrough moment for LucaNet and is a partnership that will supercharge this mission. I am so proud of our talented colleagues who got us to such a strong position as a financial consolidation leader. I am certain that the journey has just begun.”
Oliver Schmitz, co-founder of LucaNet, added: “Hg is a well-regarded partner for many software leaders in Germany and has over 20 years proven experience in scaling and transforming B2B software providers. This partnership is a fantastic opportunity for LucaNet and our customers across the world who can look forward to seeing even more comprehensive and intelligent solutions to help face challenges in their CFO departments.”
Dominik Duchon, future CEO of LucaNet, commented: “LucaNet stands at the center of an ecosystem of thousands of businesses and is relied upon daily by financial departments and the office of the CFO. Our commitment to our customers and to providing the best solutions is core to our success and this new investment will steepen this trajectory significantly.”
Benedikt Joeris from Hg said: “LucaNet is a very high-quality business, with over 20 years of stellar growth behind it. We are thrilled to have the opportunity to partner and work alongside them. Our experience in the sector and with the product means we can see multiple opportunities for further transformational growth.”
Terms of the transaction are not disclosed and closing is subject to customary regulatory approval.
About Hg
Hg is a platform for software and services champions, focused on backing businesses that change how we all do business. Deep technology expertise, complemented by vertical application specialisation and dedicated operational support, provides a compelling proposition to management teams looking to scale their businesses. Hg has funds under management of over $40 billion, with an investment team of over 160 professionals, plus a portfolio team of almost 50 operators, providing practical support to help our businesses to realise their growth ambitions. Based in London, Munich and New York, Hg has a portfolio of over 40 software and technology businesses, worth over $100 billion aggregate enterprise value, with over 55,000 employees globally, growing at over 20 % per year. More info: http://www.hgcapital.com
LucaNet offers easy-to-use software to master financial consolidation, planning, reporting, and data management. By providing 100 % reliable data, LucaNet makes the lives of CFOs, controllers, and group accountants a lot easier - every single day. This is why more than 3,500 customers in over 50 countries have put their trust in LucaNet.
With over 500 professionals worldwide and an ecosystem of more than 100 partners around the world: wherever financial teams need reliable data, LucaNet excels in providing a quickly implemented, out-of-the-box software solution that seamlessly integrates into any existing system landscape. More info: [url=https://www.lucanet.com/]https://www.lucanet.com [/url]
Unternehmensinformation / Kurzprofil:
LucaNet offers easy-to-use software to master financial consolidation, planning, reporting, and data management. By providing 100 % reliable data, LucaNet makes the lives of CFOs, controllers, and group accountants a lot easier - every single day. This is why more than 3,500 customers in over 50 countries have put their trust in LucaNet.
With over 500 professionals worldwide and an ecosystem of more than 100 partners around the world: wherever financial teams need reliable data, LucaNet excels in providing a quickly implemented, out-of-the-box software solution that seamlessly integrates into any existing system landscape. More info: [url=https://www.lucanet.com/]https://www.lucanet.com [/url]
Datum: 11.04.2022 - 17:00 Uhr
Sprache: Deutsch
News-ID 658373
Anzahl Zeichen: 5125
contact information:
Town:
Berlin, Germany
Kategorie:
Manufacturing & Production
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