Scandinavian Software Park lounge

Press release - 1 February 2021 09:51

Growth investor Monterro opens software development centre in Vietnam

Leading Nordic Growth investor in B2B software companies, Monterro, launches Scandinavian Software Park in Hanoi, Vietnam to support its portfolio companies establishing software development in Vietnam. The initiative enables Monterro’s SaaS companies to accelerate their growth journey.

-”Software engineers are scarce resources, and there’s a lot of qualified engineers in Vietnam”, says Gustav Lagercrantz, CEO of Monterro. ”Our mission is to support Nordic software companies in their growth journey but finding software engineers is a bottleneck. Therefore, we’re really happy to launch Scandinavian Software Park”, he says.

The center is managed by Monterro’s own staff that takes care of recruitments, administration and venues. The engineers that are hired are employed by Monterro’s portfolio companies and are part of their existing development teams.

Building a software development centre in Vietnam is not new to the people at Monterro. One of the initiators, Per Ivansson, used to work as CTO at the Swedish global SaaS company Episerver, where he was responsible for the global development team.

-Per Ivansson shared that ”Vietnam is an ideal place in many ways. Every year, more than 50,000 software engineers graduate with competence in cutting edge technology. Furthermore, we have the benefit of having a very experienced leader for Scandinavian Software Park, Mr Hieu Doan, who has built and run Episerver’s development centre in Vietnam for 10 years. His network and experience from both Sweden and Vietnam is a fantastic asset”, he adds.

-“Many students in Vietnam want to work for a Nordic SaaS company”, says Hieu Doan, leader of Scandinavian Software Park. ”Nordic companies are known for their creativity, innovation and work-life balance. It’s a win-win situation for both parties”.

About Scandinavian Software Park

Scandinavian Software Park gathers software engineers at some of Scandinavia’s market-leading SaaS companies that develop cutting edge products for a wide variety of industries across the world.

The Park is founded by Nordic growth investor Monterro to support their portfolio companies with high-quality software development in Vietnam.

Topics

Gustav Lagercrantz

Press contact CEO of Monterro At Monterro, Gustav is Chairman of the Board of Matilda Foodtech, TimeEdit, and PLAYipp. He is a board member at Umbraco. gustav.lagercrantz@monterro.com +46 70 734 74 11

Erik Syrén, CEO of Swedish SaaS company Lime joins Monterro

Leading Nordic growth investor in B2B software companies, Monterro, strengthens its strategic and operational expertise by recruiting Erik Syrén, CEO of fast-growing CRM SaaS company Lime Technologies.

16 August 2021 15:02

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.

Palette Software, leading in Accounts Payable Automation

28 June 2021 08:30

Monterro divests AP Automation Platform Palette Software to Altor

Monterro, the leading Nordic growth investor into B2B software companies, has signed an agreement to divest its stake in Palette Software, a leading Accounts Payable (AP) automation platform, to Altor Fund V.

9 July 2021 07:00

Software investor Monterro divests Grade

Monterro, the leading Nordic growth investor into B2B software companies, has divested Grade, a fast-growing Human Capital Management SaaS company, to Viking Venture.

1 March 2021 10:00

Norwegian e-health company, Bliksund, accelerates growth with Monterro

Leading Nordic growth investor in B2B software companies, Monterro, has acquired a majority share of market leading Norwegian e-health SaaS company Bliksund. The aim is to accelerate growth, expand internationally and support even more organisations within the ambulance, rescue and fire services.

Moment - a tool for project management, time management, time log, resource planning, quality assurance, and invoicing.

13 September 2021 07:00

Norwegian SaaS company Moment acquired by Monterro and expands abroad

Nordic leading B2B software growth investor Monterro has acquired a majority stake in Norwegian software company Moment. “We’ve been searching for Nordic B2B software companies with potential to become global leaders in their niche, and we’re happy to have found Moment,” says Erik Syrén, partner at Monterro and future Chairman of the board of Moment. “We have a strong belief in the company".

11 November 2021 11:00

Monterro announces the first and final close of Monterro 4 at €700m, oversubscribed and at hard cap, making it the largest Private Equity tech fund in the Nordics

Monterro, the leading B2B software growth investor in the Nordics, has today announced the first and final close of its fourth fund (‘M4’) at €700 million, making it the largest Private Equity tech fund in the Nordics. With the launch of M4 the firm now has over €1.1bn in assets under management.

11 May 2022 06:30

Danish TimeXtender joins forces with Monterro to accelerate growth.

Leading Nordic growth investor Monterro has acquired a majority stake of TimeXtender and added expansion capital to accelerate the growth of TimeXtender’s low-code data estate builder with the aim to become a market leader.

We turn Nordic software companies into global players.

Monterro is not your typical investment firm. We combine entrepreneurial spirit, business experience and personal networks to support the management teams it partners with. Based in Stockholm, Monterro is a hand-on growth investor targeting software companies in the Nordic region. Unlike other firms, who only invest other people’s money, the Monterro partners have a personal stake in each and every investment. We have skin in the game.