WoodWing Expands by Acquiring Qonqord
Deal News | Jan 07, 2025 | Main Capital Partners
WoodWing, a leader in Enterprise Information Management, has acquired its long-term strategic partner Qonqord, marking the third acquisition since its partnership with Main Capital Partners in 2020. This acquisition strengthens WoodWing's presence in the EMEA region, including the UK, Benelux, France, and Iberia, while expanding its portfolio of content management solutions. Qonqord, established in 2005 and based in Hilversum, NL, specializes in technology-driven consulting and value-added software components for content management and workflow processes. Its clientele includes major brands and government bodies across Western Europe. This acquisition not only brings complementary software add-ons to WoodWing's offerings but also bolsters innovation and customer service by leveraging Qonqord's insights into market needs. Leadership from both companies, including Ross Paterson of WoodWing and Hans Fermont of Qonqord, expressed optimism over the strategic and cultural synergies of the merger. Sjoerd Aarts of Main Capital Partners highlighted the continued growth and value addition resulting from their partnership with WoodWing, expecting significant market impact post-acquisition.
Sectors
- Enterprise Information Management
- Technology Consulting
Geography
- Netherlands – Qonqord and WoodWing are both headquartered in the Netherlands, making it a central location for this deal.
- EMEA – The acquisition enhances WoodWing’s operational presence and capabilities across the EMEA region, including countries like the UK, the Benelux, France, and Iberia.
Industry
- Enterprise Information Management – This industry involves the handling of content and information resources to streamline processes within organizations, relevant as both WoodWing and Qonqord offer solutions in this sector.
- Technology Consulting – Qonqord is a technology-driven consulting firm, providing services for content management and workflow processes, making this a pertinent classification.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| WoodWing | Acquirer | Company | A global leader in Enterprise Information Management solutions. |
| Qonqord | Target | Company | A technology-driven consulting services provider focused on content management and workflow. |
| Main Capital Partners | Private Equity Firm | Company | An investment firm partnering with WoodWing since 2020, involved in the strategic expansion. |
| Ross Paterson | CEO of WoodWing | Person | Chief Executive Officer overseeing the strategic acquisition. |
| Hans Fermont | Partner at Qonqord | Person | Involved in facilitating the integration with WoodWing. |
| Sjoerd Aarts | Managing Partner at Main Capital Partners and Chairman of WoodWing’s Supervisory Board | Person | Key figure from Main Capital Partners, highlighting the strategic success of the partnership with WoodWing. |