Overview

Advised Total Specific Solutions, a vertical market software group, on the purchase of Infoflex Data, a company specialized in software solutions for dealers, repair shops and wholesalers in the automotive industry.

The Investor

TSS is the European Vertical Market Software group of Constellation Software Inc. (“CSI”) and is headquartered in the Netherlands. TSS software solutions provide their customers real business value and allow them to operate at a high level of efficiency. As part of CSI, one of North America’s largest and most respected software companies, Total Specific Solutions is constantly seeking acquisition opportunities to add value to their existing vertical markets and is equally excited to explore new verticals when great opportunities present themselves.

The Deal

IMAP Sweden was assigned to analyse, search and screen the Swedish market for targets based on the acquisition criteria of TSS. An extensive list of potential targets was then produced and discussed with TSS. Several potential targets were then approached and were invited to face-to-face meetings to learn more and to qualify the targets. With the acquisition of this vertical market player, TSS enters the Nordic region. TSS's shareholder Constellation Software Inc. already has ample expertise in the automotive industry in North America and Australia.This acquisition provides TSS the possibility to expand further into the Nordic region.

Quotes

Ramon Zanders, General Manager at​ TSS, commented: "Infoflex is a software company that fits our software group. They focus on the vertical and the specific needs of the client segments within their industry. They believe in the added value vertical market software has to offer and are close to their customers. It offers TSS the opportunity to gain valuable knowledge of the automotive industry. The acquisition of Infoflex is also another step in realizing our ambition to expand in Europe geographically. The Nordics are a region with many interesting and outstanding software companies, so we are pleased to realize this first step."

Stefan Larsson, President at Infoflex, said: “We were looking for a way to take the next step in our growth ambitions, and along came TSS offering us the opportunity to realize these. Their experience and best practices in operating successful software businesses combined with gaining further knowledge of the automotive vertical via the North American CSI companies gives us the opportunity to develop our position in our market further. We are looking forward to the future."