Clearwater advises WorkPoint on its sale to Viking Venture

Transaction

WorkPoint sold to Viking Venture

Sell-side

Undisclosed

Role

Adviser to WorkPoint on its sale to Viking Venture

Sector

Tech & Tech Services

Region

Denmark

Clearwater has advised WorkPoint, a Danish Software-as-a-Service (SaaS) company offering a platform for information and knowledge management embedded in Microsoft 365 on its sale to Viking Venture, a Nordic investor in growth B2B software companies with international potential.

Headquartered in Esbjerg and with departments in Dublin and Copenhagen, WorkPoint develops and sells WorkPoint 365, a unique SaaS platform for document management and process automatisation embedded in Microsoft 365. The company has a customer portfolio consisting of several blue-chip businesses from various industries and countries and works from an active strategy to scale the business by selling the solution through an international partner network.

Viking Venture invests €123m into WorkPoint to internationalise and expand the company. The investment is the private equity fund’s largest investment to date and the goal is to increase its turnover fivefold within four years.

Based on extensive experience from previous SaaS firms, Viking Venture will work actively with WorkPoint’s management to further scale the business and pursue potential add-on acquisitions.

The team has been taking good care of us and had an eye for the exact needs that we, as a company, had had in the process. The team held a sharp eye through all the phases and cooperated well with the other parties, which is important when all ends need to meet during such a process. The team presented multiple possible buyers to us and we ended up with a really good match in Viking Venture both financially but also in terms of values which has been very important to us.
Peter Jørgensen, CEO & Founder, WorkPoint

We currently see a great deal of investor interest in software companies and especially within SaaS that are able to exploit the high demand in the market and that is no wonder as many of them shoot towards the stars. One of them is WorkPoint which has managed to create a highly sought-after integrated solution with an impressive track record – well helped along by their efficient international partner network. We look forward to following WorkPoint on the journey with Viking Venture – the perfect partner to achieve even stronger growth, globally as well.
Per Surland, Partner, Clearwater