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

Permanent Equity

Private equity firm investing permanent capital (30-year funds) in family-owned and closely-held companies with no intention of selling, focusing on businesses that 'care what happens next'.

Columbia, Missouri
Founded 2007
Industries B2B Software
Deal structure Stock + cash

LTV SaaS Growth Fund

U.S. investment fund focused on SaaS and software investments in privately held businesses, with over 50 years combined SaaS M&A experience and access to exclusive private acquisition data.

Denver, USA
Founded 2018
Industries B2B Software
Target ~$1M - $50M ARR
Deal structure Flexible

Silversmith Capital Partners

Growth equity firm focused on supporting entrepreneurs in growing, profitable technology and healthcare companies. Partners with bootstrapped entrepreneurs as their first institutional investor.

Boston, USA
Founded 2015
Industries B2B Software, Tech Services
Deal structure Stock + cash

Last updated: October 6, 2025

Information verified from public sources. Report corrections