Main-backed Onventis acquires WorkFlowWise

The deal comes almost a year after the GP acquired a majority stake in Onventis via Main Capital V. The fund makes investments with an initial ticket size of €3-5m and add-ons of up to €20m.

The acquisition will help Onventis to provide additional functionality and improved flexibility to its clients, along with expanding its client base to the Benelux region.

The company was founded in 2000 and is based in Stuttgart. At the time of Main Capital's backing, it generated €1.5m in EBITDA. The company aims to generate €20m in revenues over the next five years.

Company
Founded in 1997, WorkFlowWise provides cloud-based workflow automation services to more than 150 small and medium-sized companies. It employs fewer than 50 people, according to LinkedIn.

People
Onventis – Frank Schmidt (CEO).
WorkFlowWise – Harm Poelen (CEO).
Main Capital Partners – Sven van Berge Henegouwen (partner).

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