Monterro divests Hypergene to Thoma Bravo
Monterro divests Hypergene to Thoma Bravo

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Monterro divests Hypergene to Thoma Bravo

Hypergene, the Swedish software-as-a-service (SaaS) company for planning and performance management, today announced a growth investment from Thoma Bravo, a leading software investment firm. Under the terms of the investment, Thoma Bravo will acquire a majority stake in Hypergene from Monterro, the leading B2B software investor in the Nordics, and other minority shareholders. With the support of Thoma Bravo, Hypergene is expected to be able to focus even more on product development and its European growth strategy. Hypergene’s Chief Executive Officer, Urban Bucht, Chief Financial Officer, Jonas Persson and Founder and Chief Architect, Per Engwall, will remain as shareholders and will work closely with Thoma Bravo and the Executive Committee.

Hypergene is one of the leading players in Corporate Performance Management and Project & Portfolio Management (xP&A) in Northern Europe. The company develops and designs software which is used by the C-Suite and Office of Finance for strategic planning, budgeting and forecasting and project & portfolio management. Founded in 2000, Hypergene has successfully evolved into a multi-vertical software provider for companies seeking to drive change or boost efficiency and quality – delivering today its cloud-based planning and analysis solutions to approximately 500 customers in several markets. Hypergene is headquartered in Malmö, Sweden, and employs over 200 people across eight offices in Sweden, Norway and Germany.

Urban Bucht, CEO of Hypergene, said: “Hypergene has already achieved significant success and we see continued strong demand from European businesses and public sector customers for products which help them digitalise their organisations and execute successfully. With Thoma Bravo’s backing, we are well-positioned to continue expanding into Europe and delivering product innovation. On behalf of everyone at Hypergene, I would like to thank Monterro for their support of our business as we have grown into a leading player in northern Europe.”

Thoma Bravo has a 20-plus year history of providing capital and support to high-growth software businesses and has acquired or invested in more than 450 software and technology companies globally. The firm is an active investor in Europe, having deployed more than €10 billion of equity across 11 transactions in Europe in the last 12 years. This is Thoma Bravo's third investment by its Europe-based team, following recent investments earlier this year in Logex and EQS and building on the opening of its London office last year led by Irina Hemmers. It is also the company’s second investment in the Nordics following the acquisition of Mercell in 2022.

David Tse, a Vice President at Thoma Bravo, said: “Hypergene delivers state of the art analysis and operational capability at a time where flexible planning is more important than ever. At Thoma Bravo we are an operationally focused, specialist investor and we are positioned to provide Hypergene with our resources and expertise to accelerate its growth.”

Irina Hemmers, a Partner at Thoma Bravo, added: “Our investment in Hypergene marks our third in Europe this year, reflecting our commitment to the market and fitting our strategy of backing strong local software leaders to support developing them into European champions.”

During Monterro’s holding period, Hypergene has transitioned into a product first software-as-a service (SaaS) company, established a scalable go-to-market model and increased its annual recurring revenue (ARR) by >8x. Hypergene is now experiencing substantial profitable growth on a growing international market.

Thomas Bill Revland, Co-Founder of Monterro, said: “Hypergene has enjoyed a fantastic growth journey and it has been a pleasure to work with CEO Urban Bucht and the management team. Together, we have developed the company into a profitable, emerging European leader in its category. We are extremely proud of the outcome and look forward to seeing Hypergene’s continued success.”

William Blair served as exclusive financial advisor to Hypergene and White & Case served as legal counsel. Hannes Snellman served as legal counsel to Thoma Bravo.

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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 and Orc Software – 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 25% of capital coming from our partners and employees.

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Thomas Bill Revland

Thomas Bill Revland

Managing Director, and Co-founder of Monterro At Monterro, Thomas is Chairman of the Board of Caspeco, Hypergene, Trapets, and Bliksund, and a board member of Matilda FoodTech, and Lumera. Co-founder of Monterro.

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