Memnon Networks is the market leading transport management system provider in the Nordic region. Through its proprietary software, offered as a SaaS solution, the company simplifies the connection between over 150,000 shippers of goods with over 150 transport companies using a web-based, flexible Electronic Data Interchange-connection. This enables parties to exchange automated, reliable and accurate information, simplifying the transport administration process for users.
This was an opportunity to partner with a high quality management team to acquire a market leading SaaS provider with significant organic growth potential, in current markets as well as outside the Nordic region. The acquisition was a primary buyout and was acquired in a proprietary, off-market process.
In February 2016 the company was sold to funds managed by Vitruvian Partners for an undisclosed sum.
This investment was made by Bridgepoint Development Capital.