Stockholm-based investment firm Monterro has acquired a majority stake in global SaaS company PCG Solutions AB. Monterro has extensive experience in developing software companies within the B2B space and deals exclusively with investments in this segment. Together with PCG, Monterro will continue to expand the company by further developing the product, strengthening the organization, and accelerating its international expansion.
Monterro is the largest investor in the Nordic region focusing exclusively on B2B software companies and closed its third fund at 2.5 billion SEK in January 2019. In total, the firm manages 4.3 billion SEK and has completed twelve investments and thirteen add-on investments.
“We have identified PCG as one of the most promising growth companies in the market with a highly competitive and scalable multitenant SaaS platform based on 20 years of industry experience. PCG has strong business momentum and has successfully established a global presence, with large customer bases in Sweden, China, Japan and elsewhere. We´re excited to work together with PCG to further accelerate the growth and continue to develop the product”, says Peter Larsson, Managing Partner at Monterro.
Uppsala-based PCG Solutions AB is a global SaaS company with a true cloud offering within the fast-growing clinical trial software market. PCG, led by CEO Mats Klaar and COO and co-founder Henrik Blombergsson, offers the EDC (Electronic Data Capture) system Viedoc™ and adjacent modules to clients conducting clinical trials across the globe.
“Through this partnership, we are leveraging on Monterro’s experience in building successful software companies that will improve our offer to our customers. Together we’ll strengthen Viedoc and continue its trajectory towards becoming an eClinical solutions market leader”, says Mats Klaar, CEO at PCG.
PCG Solutions works for a healthier world by innovating software technologies that help life science companies bring therapies to market faster. The company’s flagship system Viedoc enables researchers to gather and evaluate clinical trial data more efficiently. This is achieved by combining advanced technology with simple design, creating a fluid user experience that adapts to the researchers needs, simplifying many of the processes within clinical research. viedoc.com
Monterro is the leading B2B software investor in the Nordics, with a mission to turn Nordic software companies into market leaders. With operational experience from successfully developing and running companies such as Pointsec, Episerver, and Orc Software, Monterro actively supports its portfolio companies in all aspects of growth. A substantial part of the fund’s capital, 30 percent, comes from Monterro’s founders and employees. Since it was founded in 2012, Monterro has completed twelve investments and thirteen add-on investments. monterro.se
Mats Klaar, CEO, Viedoc
+46 708 244 370 | email@example.com
Peter Larsson, Managing Partner, Monterro
+46 8-20 05 56 | firstname.lastname@example.org