Software Combined

Australia-based holding company focused on acquiring profitable B2B industry-specific software businesses with recurring revenue, backed by Navis Capital Partners.

• Sydney, Australia • Est. 2020
Visit Website → Contact Email

Investment Requirements

Revenue (ARR)
Flexible
Deal Structure
Flexible
Target Industries
B2B Software
Geographic Focus
Australia New Zealand

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

Scope Systems
Mining infrastructure software
Last Yard
Retail solutions software
MacroView
Document management software
Streamtime
Creative services software
Energy Inspection
Construction industry software
Activate
Auckland-based software company
Hero Software
Home energy ratings specialist

Similar Acquirers

Balio

Team of ex-SaaS founders, operators, and investors who acquire and scale B2B software companies while preserving founder legacy.

London, UK
Founded 2022
Industries B2B Software
Close time 8-10 weeks
Deal structure Flexible

Battery Ventures

Global technology and software-focused investment firm backing potentially cutting-edge, category-defining businesses across multiple sectors and stages.

Boston, USA
Founded 1983
Industries B2B Software, E-commerce & Payments
Deal structure Flexible

Gemspring Capital

Lower middle-market private equity firm providing flexible capital solutions across multiple sectors, with dedicated software investment team and $2.1B in aggregate commitments.

Westport, USA
Founded 2015
Industries B2B Software, Tech Services
Deal structure Flexible

Last updated: October 6, 2025

Information verified from public sources. Report corrections