Stockholm based investment firm Monterro has become the majority owner of Specops Software. Specops Software and Monterro jointly see the acquisition as a great opportunity for accelerated expansion within the identity and access management industry. 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 eleven investments and ten add-on investments.
Monterro has extensive experience in developing Nordic B2B software companies. Together with the team at Specops Software, Monterro will work to expand the company by further developing the products, strengthening the organization, and accelerating the geographical expansion.
“Specops Software fits well into our corporate portfolio, as a fast-growing cloud company with highly relevant technology,” says Thomas Bill, CEO at Monterro. “Specops Software has deep expertise within password security and authentication, and the company has a large customer base in Europe and the United States. We are excited to work with Specops Software and to support them in their efforts to continue to build and expand the company.”
Specops Software, a leading provider of password and authentication solutions, has been privately held since the company was founded in 2001. They protect business data by blocking weak passwords and securing user authentication with cloud-based cyber security software. With more than 2,000 customers in 50 countries, Specops Software has experienced great success delivering cutting-edge password security solutions.
“We are excited to have Monterro as a majority investor,” says Marcus Kaber, CEO of Specops Software. “Their operational experience will help to further accelerate the strong growth we are experiencing. The demand for our password security software is growing given that 80 percent of data breaches stem from weak or leaked passwords.”
Thomas Bill, Founder and Managing Partner, Monterro
+46 8-20 05 56 | firstname.lastname@example.org
Aimee Ravacon, Director of Marketing, Specops Software
+46 8-465 012 41 | email@example.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 eleven investments and ten add-on investments. monterro.se
Specops Software is the leading provider of password management and authentication solutions. Specops protects your business data by blocking weak passwords and securing user authentication. With a complete portfolio of solutions natively integrated with Active Directory, Specops ensures sensitive data is stored on-premises and in your control. Every day thousands of organizations use Specops Software to protect business data. specopssoft.com