Clearwater International advises WorkPoint on its sale to Viking Venture
Clearwater International 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.