Basware Corporation
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Basware Corporation - overview
Established
1985
Location
Espoo, -, Finland
Primary Industry
Software
About
Founded in 1985, and based in Espoo, Finland, Basware Corporation operates as a software-as-a-service-based company. In April 2022, a consortium of Accel-KKR, Long Path Partners, and Briarwood Chase Management agreed to fully acquire Basware Corporation in a public-to-private transaction for approximately EUR 619. 91 million at EUR 40. 1 per share in cash.
As of 2022, the company is led by its CEO, Klaus Andersen, and has a client base of more than 9,500 businesses in more than 70 countries worldwide. Basware provides cloud-based networked accounts payable automation and procure-to-pay solutions for business organizations to automate their finance and procurement processes. The company’s financial software offers its clients e-procurement services, e-finance, accounts payable, and accounts receivable functions that help them to automate everything from point of order to payment and provide them with insights into their supply chain. As of 2022, DHL, Carlberg, Innio, Mohawk, and ABB are among its clients.
Following the acquisition, Basware Corporation plans to continue to provide software solutions to its customers and will no longer be listed on a US securities exchange or the Nasdaq Helsinki Stock exchange.
Current Investors
Accel-KKR, Briarwood Chase Management, Long Path Partners
Primary Industry
Software
Sub Industries
Business Support Services, e-Financial, Accounting/Finance Software, Analytics & Performance Software
Website
www.basware.com
Verticals
Artificial Intelligence, Cloud Computing, FinTech
Company Stage
Mature
Total Amount Raised
Subscriber access only
Basware Corporation - timeline of key events
Basware Corporation - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Redmap Australia Pty Ltd | - | ||||||||
| Add-on | Completed | AP Matching Limited | - | ||||||||
| Add-on | Completed | Glantus Limited | - | ||||||||
| Public to Private | Completed | Basware Corporation | - | ||||||||
| PIPE | Completed | Basware Corporation | - |
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Basware Corporation - employee data
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