US Firm Acquires Three European Companies
Revalize, a sector-specific revenue operations software for manufacturers, distributors and specifiers, has announced the planned acquisition of three European software companies comprising five brands.
The addition of the companies will both extend the Revalize solution portfolio and its European operations. This strengthened position in Europe accelerates the company’s growth since its formation in June 2021, nearly doubling the planned revenue objectives for the first year of operations.
Joining the Revalize solution portfolio are:
- PROCAD Group, headquartered in Karlsruhe, Germany, boasts proven product lifecycle management (PLM) and product data management (PDM) solutions that enable companies to manage their product lifecycles in the discrete manufacturing sector. The PROCAD Group was created in 2021 from the merger of PROCAD with keytech, which also specializes in PLM, and ACATEC, a developer of CPQ solutions for manufacturers of complex products. The PROCAD Group brings more than 1,350 customers and more than 250 employees at 12 locations to Revalize.
- SpecPage, headquartered in Kussnacht, Switzerland, is a developer of innovative PLM and quality assurance solutions for recipe-based, process manufacturers. The company brings user-friendly software solutions to manage aspects of product labelling in the global competition for CPG products. This acquisition brings the SpecPage PLM cloud platform, global support expansion and a comprehensive CPQ integration to Revalize.
- TENADO, headquartered in Bochum, Germany, is a provider of computer-aided design (CAD) software solutions for the metal and wood fabrication trades, mechanical engineering, fire protection and traffic management sectors. TENADO serves craftsmen, carpenters, safety inspectors and transportation planners, and has more than 30,000 active users.
Revalize states that the inclusion of these brands aligns with “Revalize’s mission, expands the company’s capabilities to support end-to-end, design-to-cash workflows and strengthens its operational presence in Europe”. With the expanded offerings and reach, Revalize aims to enhance its market position as the “worldwide leader” in CPQ and revenue operations solutions for manufacturers, and the only global, at-scale provider of sector-specific manufacturing solutions.
“Europe now accounts for nearly half of our business worldwide. Our multinational customers in the U.S. have been asking us to support their plans with an operational footprint in EMEA; and similarly, the customers of our European businesses need product and service coverage in North America. The addition of these five brands to the Revalize portfolio is a great win for all of our customers and any manufacturer worldwide that wants to build their digital capabilities across the design-to-cash cycle”, said Jim Contardi, CEO of Revalize.
The company will continue to grow its Jacksonville headquarters and staff whilst supporting offices in regions where it has a high concentration of employees, including in Europe.
You can find more information about Revalize and its acquisition of three European companies on its website.
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