Software Combined, a leader in identifying and acquiring Australian and New Zealand-based niche and B2B industry-specific software companies has completed its first four acquisitions. Collectively the four businesses: Streamtime, Scope Systems, Energy Inspections, and Macroview, generate EBITDA of over $11 million operating in the creative, mining, energy, and document management sectors.
The founders of the four companies have been given the opportunity to exit their businesses with the assurance their former businesses will continue as planned, even though capital market options are uncertain.
Commenting on the acquisitions, Software Combined CEO Every den Hollander said, “Many of these businesses have been operating successfully for several years but are joining Software Combined to help them deliver on their long-term growth plans. We partner with these businesses to optimise operations and maximise growth while preserving the company that the founders built.
“These first four companies in our portfolio are cashflow positive businesses with solid customer install bases and high levels of recurring revenue. They have a high combined customer retention and recurring revenue. Importantly, these businesses are leaders in their respective fields with experienced leadership. We look forward to working with these businesses to harness their unique propositions and capitalise on organic growth opportunities.”