PSG's Mapal bolts on GetCompliant

The GP invested in the business via Providence Strategic Growth Fund IV, which was launched in February 2019 with a $1.75bn target and a $2bn hard-cap. The fund provides growth capital to lower-mid-market software and tech companies based in North America and Europe, and invests equity tickets of $5-75m.

GetCompliant is the third bolt-on inked by Mapal, following its acquisitions of UK-based Flow Hospitality Training in 2019 and US-based Cloud Reputation in 2020.

With the addition of GetCompliant, Mapal expects to strengthen its existing software offering and expand its presence in the Nordic region.

Headquartered in Madrid, Mapal provides management and business analytics software to the restaurant and retail sectors. Its flagship tool, GIRnet, helps restaurant operators automate and optimise the management process. The company's client base includes Spanish and international brands, such as La Tagliatella, Burger King, Starbucks, KFC, Taco Bell, Pizza Hut, Grupo Areas and Five Guys.

Company
Founded in 2011 in Stockholm, GetCompliant is a compliance and operations management software provider that helps hospitality and retail businesses ensure compliance and brand consistency between stores.

Its cloud-based platform includes digital checklists, documentation management and performance tracking for food safety and operations.

The tool is used by firms in Sweden, Norway, Finland, Denmark, Estonia, Latvia, Germany and France, including Caffè Nero, Compass Group, Espresso House, SSP, Coop, 7-Eleven and Bastard Burgers.

People
Mapal – Jorge Lurueña (CEO).
GetCompliant – Peder Lindencrona (co-founder, CEO).