Software Combined
Australia-based holding company focused on acquiring profitable B2B industry-specific software businesses with recurring revenue, backed by Navis Capital Partners.
Investment Requirements
Company Overview
Software Combined
What They Buy
- Target: B2B industry-specific software businesses
- Focus: Profitable, solid customer base, recurring revenue
- Requirements: Sticky customers, stable recurring earnings, high free cash flow
- Structure: Committed management, experienced teams
- Philosophy: Recognized for deep industry knowledge and product quality
- Geography: Australia and New Zealand focus
Recent Major Acquisitions
- Hero Software: Home energy ratings specialist (2024)
- Activate: Auckland-based software company
- Last Yard: Retail solutions software
- Scope Systems: Mining infrastructure software
- Streamtime: Creative services software
- Energy Inspection: Construction industry software
Track Record
- Founded: 2020 by Niek Hoogenhout, Stefan Jansen, Evert den Hollander
- Leadership: Evert den Hollander (CEO, ex-Macquarie Group M&A)
- Backing: Navis Capital Partners acquisition
- Scale: 9 acquisitions completed
- Goal: USD 35M EBITDA within three years
- Philosophy: Decentralized operations, preserve company culture, long-term founder retention
Portfolio Companies
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Last updated: October 6, 2025
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