- Ardian will invest alongside Mimacom’s management team, led by CEO Agim Emruli
- Mimacom Flowable is headquartered in Bern, Switzerland
- Ardian is a private investment house based in Paris, France
Ardian will acquire a stake in Mimacom Flowable Group, a firm in software development and consulting projects in the field of digitisation as well as cloud and data.
No financial details of the transaction were disclosed.
Mimacom Flowable is headquartered in Bern, Switzerland.
Ardian will invest alongside Mimacom’s management team, led by CEO Agim Emruli, to support the Mimacom in implementing its growth strategy, according to a release.
Ardian’s investment will help the company drive its growth through entering new markets, growing its customer base and targeted acquisitions of IT service and business process automation companies, the release added.
“Digital transformation continues to be one of the major challenges facing companies worldwide,” said Marc Abadir, MD expansion, Ardian. “The markets for digitisation, hyperautomation and low-code platforms are generating double-digit annual growth rates, but at the same time they are still highly fragmented.”
Mimacom’s Emruli, Alain Sahli, CEO, Tim Weinmann, CRO, and Micha Kiener, founder, and CTO will continue to manage its operations.
Ardian is a private investment house that manages $150 billion of assets. The firm is based in Paris, France.