Tercera BV

Tercera BV is a Netherlands-based company specializing in environmental governance applications for public sector organizations, focusing on regulatory compliance and planning document management. Founded in 2001 in Kampen, Netherlands, Tercera BV provides software solutions for environmental governance. The company was acquired by Exxellence Group, a portfolio company of Main Capital Partners, in January 2021. This acquisition follows a strategic pivot to enhance its offerings in line with the new Environmental Planning Act in the Netherlands.

Tercera BV offers a suite of applications designed to streamline processes related to environmental governance within public sector organizations, particularly focusing on the implementation of the new Environmental Planning Act in the Netherlands. Their core products include the Environmental Documents software, aimed at facilitating the creation and management of planning documents, and the Applicable Rules application, which automates the documentation of legal regulations and processes. These tools serve provinces, municipalities, and water authorities, enabling users to manage compliance with existing digital obligations and prepare for upcoming regulatory changes. The applications support various functions, including permit management and inter-agency collaboration, and are tailored for use in multiple regions across the Netherlands and potentially in other European markets.

Revenue generation for Tercera BV is primarily driven through subscription-based models and partnerships with public sector entities. Clients typically engage in annual contracts for their software solutions, which may include tiered pricing based on user access levels or specific functionalities tied to the products, such as the Environmental Documents and Applicable Rules software. The transaction structure is predominantly B2B, with local government bodies and agencies as direct customers. Each client transaction involves the provisioning of software licenses and ongoing support, ensuring that organizations can effectively utilize the applications in alignment with regulatory requirements.

Following its acquisition in January 2021, Tercera BV plans to leverage the backing of Exxellence Group to enhance its product offerings and expand into new markets. The company aims to develop new functionalities for its existing applications and potentially launch new products tailored for additional public sector needs. Specific geographic markets targeted for expansion include other European countries, with plans to enter these regions by 2023. Funding from the acquisition will be utilized to support product development and market entry initiatives.