Centsoft

May 2018

BUYER

Palette Software, founded 1993, offers a complete Purchase-to-Pay software platform. The software is used to streamline processing of incoming invoices, contracts, purchase orders, spend management and expenses. Palette Software has over 3,550 customers globally and offices in Sweden, Denmark, Norway, Finland, UK and USA. The Company is headquartered in Stockholm and has over 140 employees.

TARGET

Centsoft, founded 2006, is a rapidly growing Swedish SaaS business and provider of solutions for automated invoice processing, expense and document management to the SME segment. Centsoft is the market leader in the targeted segment with more than 700 clients across several industries and geographical markets. The Company is headquartered in Stockholm and has 15 employees.

SELLER

Founder and key employees.

TRANSACTION

Exclusively negotiated transaction.