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GSG Genii Software Group, backed by Bregal Unternehmerkapital funds and Elvaston, launched to lead group of market leading vertical software businesses
GENII brings together industry specific software niche leaders including GUS, Isah, SHD, Iptor, and PDV, serving mid-sized businesses in the Manufacturing, Retail, Distribution, Public and Laboratories sectors.
A dynamic new force has arrived in the world of enterprise software with the launch of GSG GENII Software Group (“GENII”). GENII brings together a group of leading, independent, entrepreneurial software companies. Its mission is to be a good home and value-add partner for software entrepreneurs, companies, customers, and employees and ultimately be a leading provider of modern enterprise software propositions for medium-sized enterprises.
With companies such as GUS, Isah, SHD, Iptor, and PDV, GENII provides industry specific solutions and propositions purposefully developed to meet the needs of mid-sized businesses in sectors like Manufacturing, Retail, Distribution, Public, and Laboratories. Hidden champions in their niches, GENII’s companies all have similar characteristics:
• Full-service provision of B2B enterprise software tailored to mid-sized customers, e.g., software development, consulting and hosting
• Core process-focused software with high value-adds and a perfect fit for clearly defined verticals
• Extensive and deep industry knowledge and personal customer relationships.
• Track record of success over many years driving high customer loyalty and satisfaction.
• Highly trusted partner and advisor on our customers’ digitalization journey.
• Focus on European markets, especially DACH, Benelux, Scandinavia, and Italy.
GENII currently generates approximately EUR 310m revenues. Since early 2022, four more companies have joined the group via M&A, supporting GENII’s ambition of being the partner of choice for hidden champions and entrepreneurs in the software space.
The Group is backed by experienced ERP software investors, led by funds advised by Bregal Unternehmerkapital as well as Elvaston, who are committed to further investing in organic growth, driving the company’s SaaS transition, and welcoming further market-leading niche enterprise software companies to the group through further acquisitions and as part of succession plans.
GENII’s experienced management team is led by Matthias Siekmann as CEO. Ralph Hartwig is acting Group CFO (in addition to his role as GUS CFO), Volker Schinkel, former Head of Aptean DACH, joins as Group CCO, and Dirk Bingler, currently CEO at GUS, serves as Group CTO. The team is completed by Christopher Catterfeld as CMO and Jayne Archbold as interim CHRO (in addition to CEO Iptor).
“This is a very exciting time for GENII Software Group, our employees and our customers. Bringing together our resources and expertise will ensure we continue enabling our customers to compete head-to-head with larger competitors through best-in-class and future-proof propositions,” said Matthias Siekmann, CEO of GENII. “What truly sets us apart is the fact that we understand that one size does not fit all. This is the common thread which enables us to be a great employer, and the partner of choice for our customers looking for tailor-made and best-in-class software solutions as well as for software entrepreneurs looking for a good home for the businesses they built.”
Philipp Struth, Partner at Bregal Unternehmerkapital, adds, “We are delighted to back GENII, which is on a great path to become a leading European software group, offering software solutions and deep industry expertise for its customers. We are convinced that there are many more hidden champions that can benefit from GENII’s scale, geographical reach and technology support and will continue to support GENII and its management in its growth ambitions.”
Dr Thomas Keul, Managing Partner at Elvaston says, “As long-term investors in GENII’s companies SHD and GUS, we are very happy to continue our successful journey together. GENII’s strong market position gives them a sustainable competitive advantage and their niche, profitable product propositions will support future growth. Moreover, the ongoing cloud and SaaS transition is a great opportunity for the combined strength of GENII’s businesses to support their customers in their technology transformation.”