Nordic Capital will support BOARD International’s continued global expansion and development through investments into the organisation and the platform
Nordic Capital Fund IX announced the agreement to acquire a majority share in BOARD International, the global provider of the cloud-based #1 decision-making platform. Together with BOARD’s founders and management, who will remain significant shareholders in the Company, Nordic Capital will support BOARD’s continued international expansion through investment into the organisation and technology platform. The acquisition is the sixth investment by Nordic Capital’s EUR 4.3 bn Fund IX, and builds on its recognised expertise and outstanding track record in the Technology and Payments sector.
Founded in 1994 and headquartered in Chiasso, Switzerland and Boston, the US, BOARD International enables customers worldwide to effectively deploy Business Intelligence, Corporate Performance Management and Predictive Analytics applications on a single platform. The platform allows companies to achieve a single, accurate and complete view of business information and full control of performance data across their entire organisation. Customers include Coca-Cola, Volkswagen, Puma, Toyota and other well-known international companies and brands. The Founders and Management have chosen Nordic Capital as their preferred strategic partner for further international expansion.
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BOARD International has 26 offices around the world which, together with a global partner network, serve more than 3,000 customers in over 100 countries. The Company is fast growing and employs over 300 people in Switzerland, Italy, Germany, France, the United Kingdom, Spain, the Netherlands, Belgium, Denmark, the United States, Mexico, Argentina, Dubai, Hong Kong, India, Japan and Australia.
“As we continue to innovate the BOARD platform, helping customers worldwide to make better business decisions, we are delighted to partner with Nordic Capital to aid our growth. Their expert support will be of great value as we further our expansion in geographies across the globe,” says Giovanni Grossi, CEO and co-founder of BOARD International.
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“Nordic Capital is excited about BOARD’s global potential and the impressive growth of the company, clearly leading the way into a new era of corporate decision-making. BOARD is a valuable partner to its customers, as it improves their decision-making effectiveness through its unified platform and by providing cutting-edge, cost-effective, easy-to-use and deploy software. Drawing on Nordic Capital’s significant experience in the technology sector, we intend to support BOARD International in its global expansion,” says Fredrik Näslund, Partner at the Advisor to the Nordic Capital Funds.
The parties have agreed not to disclose the financial details. Subject to customary regulatory approvals, the transaction is expected to close in Q1 2019. Nordic Capital was advised by Goldman Sachs while BOARD International was advised by UBS.
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