GoconnectIT develops and sells innovative software solutions and project management services for the cable and piping industry. The company supports long-term projects and developed multiple specialised software products for data registration of underground pipes and cables. GoconnectIT is the market leader in the Netherlands with the largest share of long-term contracts with national construction companies and regional authorities.
GoconnectIT is the market Leader in SaaS software solutions for the market in underground cables and piping.
The development of a traditional project management company to an innovative software and service company is the first challenge in the strategic process. In addition, the development of the software was outsourced to a professional party, which greatly increased the quality and go-to-market speed. Finally, we had a strong focus on international expansion.
Essential for the transition to a software and service company was strengthening the management team and succession of the current two owners. A professional management team was formed immediately after the investment in 2009. Partly thanks to a significant share in the company, management was driven to shape the transition and growth of GoconncectIT.
The transition from a project management company to a software company has been successful, resulting in more stable and recurring turnover. Since the collaboration, a strong turnover (2x) and EBITDA (2x) growth has been realised. All this has resulted in a successful sale of GoconnectIT to Main Capital Partners in 2017.