Clearwater International Denmark advises Continia Software on its sale to VIA equity

Clearwater International Denmark has advised the shareholders of Continia Software, a leading developer of administrative software solutions for users of Microsoft Dynamics NAV, on its sale to private equity firm VIA equity, private investor Jan Gaardboe Jensen, and members of the management team and employees.

Continia Software provides software solutions that streamline and automate administrative processes. The product portfolio includes Document Capture, managing document organisation and retrieval; Payment Management, ensuring efficient and secure payments; and the recently launched Expense Management for all travel activities. Continia Software’s products are used by over 4000 companies in more than 25 countries. The company has shown impressive growth in recent years, increasing revenue by nearly 30% annually.

VIA equity is a Northern European private equity firm with a core investment focus within the TMT/ICT and services industries. Recent investments include Linka Energy, EnviDan and Mansoft amongst others.

The Clearwater International team consisted of Partner Per Surland, Senior Associate Casper Norre and Associate Jesper Østergaard Pedersen.

“Since 2009, Continia Software has been on an exciting journey and we are very pleased with the development that the company has experienced. Under the skilled management of Henrik Lærke and Tommy Olesen, the strong team at Continia has built a solid foundation for the continuous development and realisation of the company’s growth potential.

On behalf of the shareholders, I would like to thank the Clearwater team for a professionally managed process. From the very offset we felt in safe hands and reassured that we undoubtedly would succeed in finding the right buyer for Continia. The team’s impressive insight into the IT sector, combined with a close and competent dialogue, gave us great confidence throughout the process.”

Lars Bundgaard Sørensen, Investment Manager at Vækst-Invest Nordjylland and Chairman at Continia Software

“Continia Software is the latest in a string of successful software deals we have completed at Clearwater International. Its market leadership in administrative software solutions for Microsoft Dynamics NAV was one of the key attractions to potential investors. This process once again confirms the strong interest in Danish software companies from both strategic and financial investors. Many of these companies are built and managed with the focus on creating an internationally scalable platform, which is highly attractive to investors.”

Per Surland, Partner and Head of TMT, Clearwater International Denmark