Press release -
CMS platform Umbraco accelerates growth with software investor Monterro
Nordic leading B2B software growth investor Monterro, has acquired a majority of Danish Content Management System (CMS) supplier Umbraco. Monterro’s extensive expertise in both the software industry and the CMS area, will enable Umbraco to accelerate growth with a continued focus on open-source, its unique community, partnerships, and international expansion.
Umbraco’s CMS platform is based on open source technology and – thanks to its unique community of 200,000+ developers and users – it has grown rapidly across Northern Europe, the US, and beyond in recent years. The platform has been praised for its simplicity, usability and customisations, and is used by thousands of companies worldwide, such as Ving, JP Morgan, The Council of the European Union, Elkedjan and Scholl.
”Umbraco has built a strong open-source model with an extensive community. We see great potential for Umbraco to explore this even further and look forward to supporting them in their continued growth journey”, says Gustav Lagercrantz, CEO of Monterro. ”The partnership is a perfect match for us. Our mission is to support Nordic B2B software companies and enable them to become global players. We’re also very familiar with the CMS sector, with many of Monterro’s team having managed and scaled up the Digital Experience Platform supplier, EPiServer”.
The area of CMS is growing, and there’s an increasing demand for more than just content management. Digital customer experience is becoming ever more important and according to analysts like Gartner and Forrester, the Digital Experience platform (DXP) sector is growing rapidly.
”We’ve been looking for an investor with domain expertise that can help us grow, and we’re really happy to have found Monterro”, says Kim Sneum Madsen, CEO of Umbraco.
Umbraco’s vision is to make the complex, simpler. Since its foundation in 2005, Umbraco has developed a best-of-breed CMS platform based on open source and has successfully built a large community of developers and users, as well as an extensive partner network of digital agencies. This enables Umbraco to offer customized solutions to their customers that integrate with other best-of-breed solutions.
”We will stick to our open source vision and strategy. Working closely with our community and customers, we see an increased demand for best of breed DXP solutions”, says Kim at Umbraco. ”Our goal is to offer it to more organizations, in more countries. Partnering with Monterro will give us valuable strategic and operational competence within the area, and the capital we need for a sustainable growth”.
Monterro will own the majority of the shares in Umbraco. The rest will be owned by the management team and founder.
Monterro is the leading B2B software investor in the Nordics, with a mission to turn Nordic software companies into market leaders and global players within their niches. Our team has successfully developed and led companies such as Pointsec, Episerver, Orc Software, Lime and Palette – and we bring this operational experience to the Monterro portfolio, supporting the companies in all aspects of growth. We also bring significant financial commitment to our partnerships, with 30% of capital coming from our partners and employees.