American private equity company Carlyle has agreed to acquire a majority stake in German software vendor GBTEC Software and its affiliates from Main Capital Partners.

GBTEC is engaged in offering software for areas such as digital process automation (DPA), process governance, risk, and compliance (GRC), and intelligent business process management (iBPM).

The company employs 300 people and serves more than 1,200 customers.

Besides its home markets Germany and Austria, GBTEC also has branches in Australia and Spain.

Carlyle noted that it will collaborate with GBTEC’s management team to expand the company’s product line and expedite its international expansion, with a particular focus on DPA.

The company plans to make significant investments, particularly in artificial intelligence and sales and marketing.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Carlyle Europe Technology Partners co-head and managing director Michael Wand said: “GBTEC is well placed to benefit from one of the most important technology trends, digital transformation and, specifically, the automation of business processes.

“We believe that with our more than 20 years of experience in infrastructure software investments and supporting the internationalisation of European software companies, we can be a key contributor to GBTEC’s growth into a global market leader.”

Even after the deal, GBTEC founder and CEO Gregor Greinke will continue to be the largest private shareholder and CEO of the software company.

Greinke said: “With our modern and user-friendly products we have become a leading BPM and GRC SaaS provider in Europe in recent years. With Carlyle’s investment, we are now entering the next phase of GBTEC’s growth journey.

“We believe Carlyle, one of the leading technology investors, is the perfect partner to support us in realising our growth ambitions.”