Ettlingen, Germany, June 27, 2024 – SoftProject GmbH, a leading German provider of business process management software, today announced a strategic partnership with Main Capital Partners (“Main”). Main is a leading European private equity investor specializing in B2B software companies. Main has acquired a majority stake in SoftProject, marking an important milestone for SoftProject as it drives its next phase of growth.
SoftProject is a pioneer in the field of BPM software in Germany and has established itself as a reliable partner for over 300 companies. Its customers include industry leaders such as AXA, BMW, and Stadtwerke Norderstedt, along with its fiber-optic subsidiary wilhelm.tel. The company’s flagship product, the X4 BPMS platform, is a comprehensive low-code solution for the digitalization of business processes. With the help of AI features, X4 BPMS simplifies process modeling, process automation, and data exchange between IT systems. X4 BPMS accelerates the digital transformation of companies and helps them address labor shortages through automation, increase competitiveness through efficiency, and promote sustainability by conserving resources. Founded in 2000, the company holds a strong position in the DACH region, particularly in the insurance, energy and utilities, and industrial sectors.
Founder and CEO Dirk Detmer will remain managing director and shareholder and will shape SoftProject’s next phase of growth together with Main. The strategic collaboration includes expanding the low-code platform’s integration capabilities to additional systems, expanding into new industries, and further internationalizing the company.
SoftProject’s customers can continue to expect stability and reliable service quality. SoftProject’s goal is to strengthen existing relationships and offer customers complementary solutions and innovations.
Dirk Detmer, founder and CEO of SoftProject, comments:
“Given Main’s impressive track record in the DACH region and the BPM sector, I am very confident that this partnership will help SoftProject continue on its planned growth trajectory. We are seeing high demand for our products and services from both SMEs and large enterprises, and with Main’s support, we will expand our reach beyond the DACH region to additional geographic areas. We expect that this partnership will enable us to scale internationally more quickly, further expand our vertical approach with the help of Main’s industry expertise, and further solidify our position as a comprehensive enabler of digital transformation for our customers.”
Sven van Berge Henegouwen, Managing Partner at Main Capital Partners, summarizes:
“We have been in close contact with SoftProject for quite some time and are delighted about this partnership and look forward to supporting the company on its future journey. SoftProject is a well-known name in the BPM software segment. The company benefits enormously from its modern software solution, its exceptional customer relationships, and the remarkable employees who make up the team. We are confident that our targeted organic growth initiatives, combined with a selective buy-and-build strategy, will lead to an enhanced offering for existing and new customers.”
About Main Capital Partners
Main Capital Partners is a leading software investor in the DACH region, the Benelux countries, the Nordic countries, and the United States. With more than 20 years of experience in growing software companies, Main works closely with the management teams in its portfolio as a strategic partner to drive sustainable growth and build larger, outstanding software groups. As a leading software investor managing private equity funds in Northwestern Europe and North America, Main employs more than 70 people across its offices in The Hague, Düsseldorf, Stockholm, Antwerp, and an affiliate office in Boston. Main manages assets of over €6 billion and maintains an active portfolio of more than 45 software companies. The underlying portfolio employs over 12,000 people.
