Business intelligence, corporate performance management and predictive analytics platform BOARD International has sold a majority share of the business to private equity investor Nordic Capital, for an undisclosed sum.
Headquartered in Chiasso, Switzerland, BOARD gives clients access to a single and complete view of business information across the entire organization, via a cloud-based platform. This facilitates the support, control and management of core processes such as reporting and analyses, forecasting, profitability modelling, simulation, monitoring and auditing. The firm employs 300 people at its 26 offices around the world and together with a global partner network serves more than 3,000 clients in over 100 countries.
Nordic Capital will support BOARD's continued global expansion and development, through investments in both the business and its platform, while BOARD's founders and management will remain 'significant' shareholders in the company. Giovanni Grossi (pictured), CEO and co-founder of BOARD International, comments: 'As we continue to innovate the BOARD platform, helping customers worldwide to make better business decisions, we are delighted to partner with Nordic Capital to aid our growth. Their expert support will be of great value as we further our expansion in geographies across the globe'.
Web site: www.board.com .
All articles 2006-19 written and edited by Mel Crowther and/or Nick Thomas.