Clearwater has advised SoftCo Group Limited (SoftCo), a global leader in procure-to-pay solutions, on its investment from Keensight Capital (Keensight), a leading European growth buyout private equity firm.
Established in 1990 and headquartered in Dublin, SoftCo is one of Ireland’s most successful international software companies and has become a global leader in procure-to-pay and compliance solutions. SoftCo’s solutions streamline financial processes, deliver greater control and visibility over spending, and reduce the need for manual intervention. SoftCo’s unique machine learning technology offers unrivalled automation rates, and the company receives the highest customer satisfaction rankings in the industry. With global blue-chip customers and operations in the US, Finland, the UK, and Ireland, SoftCo has grown to over a million users worldwide, with annual recurring revenues growing at over 25% per annum and expected to further accelerate in the coming years.
Keensight, one of the leading European growth buyout firms, will capitalise on its extensive knowledge of the source-to-pay sector, a large and fast-growing market characterised by increasing digitalisation, to support SoftCo in its next phase of growth. The management team, led by CEO Anton Scott, is investing alongside Keensight and the partnership will drive further value creation through accelerated expansion into the North American market, continued investments in the technology platform, and further leveraging partner channels.
