PSG acquire majority stake in Madrid-based end-to-end enterprise software provider Nalanda Global


London/Boston/Kansas City-based PSG have acquired a majority stake in Madrid-based end-to-end enterprise software provider Nalanda.

Finances were not disclosed. The acquisition is expected to drive Nalanda’s international growth into new verticals and geographies through M&A activity.

“Nalanda is a leading digital automation solution operating with a significant addressable market across several major sectors,” said Dany Rammal, Managing Director and Head of PSG Europe Team. “We believe Juan Gil Rabadan and the Nalanda team have built an exceptional company.”

Founded in 2000 by Spanish construction companies FCC, Ferrovial, SICE and Acciona, Nalanda Global operates in 10 countries in Europe and North and South America through a network of 250 customers and more than 45,000 suppliers.

Focusing on the growing adoption of vendor management software across multiple industries, Nalanda’s cloud solution connects businesses and vendors and facilitates health and safety exchange and verification, due diligence, supplier validation, invoices and additional business information, including compliance with worker access, working time and e-invoicing legislation.

“We believe that PSG’s history of partnering with growing software solutions companies makes PSG the obvious partner to support Nalanda as it enters the next phase of its growth. We look forward to working with the PSG team as we grow Nalanda’s product offering and expand into new markets,” added Nalanda Founder and CEO Juan Gil Rabadan.

Source link


Comments are closed.