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