Snow Software – a Swedish optimisation software developer backed by Vitruvian Partners, Sumeru Equity Partners and Ontario Pension Board – has acquired Canada-based cloud management company Embotics.
Deal comes nearly two years after Finnish GP Taaleri Private Equity Funds acquired the company
GP sold a 51% stake in the Munich-listed IT service provider to market peer Audius in 2019
Gaming startup has so far raised nearly €10m from two funding rounds
GP is investing from Essling Expansion Fund, a vehicle dedicated to the French lower-mid-market