Amsterdam, November 2017 – Together with management, Main Capital buys the fast-growing GIS and Field Service Management specialist GOconnectIT from Nieuwegein. The company provides leading and innovative SaaS solutions for the cable and piping industry, supporting customers in optimizing administrative processes.
GOconnectIT was founded in 2001. In recent years GOconnectIT has positioned itself as the most specialized software supplier for the cable and piping industry. In addition to offering software products, the company has gained a great deal of knowledge and experience within the infrastructure sector through its advisory role. Its client base includes large corporates such as Stedin, Heijmans and BAM, as well as public and semi-public authorities such as the Directorate-General for Public Works and Water Management and provincial authorities.
GOconnectIT has developed a range of solutions to relieve customers of the administrative burden associated with infrastructure projects. The company’s innovative web-based solutions facilitate paperless working, both in the field and in the office. In addition, the company facilitates improved data and information assurance, which demonstrably leads to a reduction in excavation damage and associated costs. Thanks to the company’s unique position in the cable and pipeline landscape, GOconnectIT plays an important role in the data and information exchange between the various parties that work together on complex infrastructure projects.
Committed Capital became a shareholder in 2009 and has actively supported GOconnectIT in recent years in the growth of an advisory company into a SaaS solutions company. The founders of the company were also phased out and succeeded by a management team that, together with Main, will shape the further growth of GOconnectIT. Committed Capital thanks the founders and the management team of GOconnectIT for the successful cooperation. The sale to Main confirms GOconnectIT’s strategy and position in the Netherlands as a forerunner in the digitisation of the cable and pipeline market.
Committed Capital is a private equity investor in SME companies with a strong growth ambition. The focus is on building a management team that is able to implement the growth strategy. The enterprise value of companies in which investments are made lies between €5m and €20m. Committed Capital is currently investing from its second fund. Investors are informals and family offices. GOconnectIT was part of the first fund of Committed Capital (formerly Soestdijk Capital) supported by Headway Capital Partners from England.
This is a press release from Committed Capital. For more information please contact:
Albert van der Wal
1079 LK, Amsterdam