Online exchange provider Cint has been acquired by investment firm Nordic Capital, with terms of the transaction undisclosed.
Cint was previously owned by a large shareholder group including Prime Ventures, Creandum, Cipio Partners, the founder, and a group of individual investors and employees. Its main product is OpinionHUB, a B2B exchange launched in 2005 and connecting research buyers with the owners of around 800 different panels, including publishers, local media outlets, market research agencies and non-profits.
The company is headquartered in Stockholm, Sweden and has more than 140 employees in thirteen offices in major cities across Europe, North America and Asia-Pacific. Nordic Capital says it will help Cint to remain on a rapid growth path, which has seen it target above 30% growth in an average year.
Nordic Capital advisor Fredrik Näslund, Partner at NC Advisory AB, says the firm has been 'impressed by the quality and efficiency of Cint's technology, its strong value proposition to its customers and the quick adoption of the technology. The company is ideally placed to add value to both suppliers and buyers of research panels as a fully automated, truly global platform'.
Cint CEO Morten Strand (pictured) says the new owner's 'extensive experience of successfully developing and growing technology businesses, in cooperation with management and employees, suits us very well and gives us the opportunity to continue our positive development'.
Nordic Capital Funds are based in Jersey, Channel Islands, and are advised by the NC Advisory companies in Sweden, Denmark, Finland, Norway, Germany and the UK.
The investment is subject to approval by the relevant authorities.
Web sites are at www.cint.com and www.nordiccapital.com .
All articles 2006-21 written and edited by Mel Crowther and/or Nick Thomas unless otherwise stated.