Mazanti-Andersen advises TimeXtender in connection with the sale to Monterro
Nordic growth investor Monterro has acquired a majority stake of the global software company TimeXtender and added expansion capital to accelerate its growth with the aim for TimeXtender to become a market leader.
TimeXtender helps companies manage data faster and at a lower cost through what they have named a ‘data estate builder’ that helps companies build their modern data estate with a low-code, drag-and-drop solution for data ingestion & preparation. The company has an extensive global partner network that sells and implement its’ solution to mid-sized enterprises from various industries such as consumer goods, health providers, and bank & finance, across the globe.
Monterro is one of the leading B2B software investors in the Nordics, with a mission to turn Nordic software companies into market leaders and global players within their niches.
Monterro has acquired a majority stake of TimeXtender while founder Heine Krog Iversen has reinvested a majority of his shares and will remain to lead TimeXtender.
Mazanti Transactions advised the sellers during the entire sales process.
For more information on the transaction, read here and here (in Danish).