PSG Equity-backed Nalanda adds Dokify to its kit

• PSG will remain as majority investor in the combined business
• Dokify is Nalanda’s fourth acquisition since PSG’s initial investment
• PSG is a growth equity firm partnering with software and tech-enabled services companies

Nalanda Global, a portfolio company of PSG Equity, has acquired Dokify, a provider of supplier risk and compliance management software products for non-construction sectors. No financial details of the transaction were disclosed.

Dokify is headquartered in Madrid, Spain.

Nalanda seeks to pursue its international growth plans through a combination of organic growth and strategic M&A across Europe, according to a release.

PSG will remain as majority investor in the combined business.

“Through the combination with Dokify, we combine and extend the already extensive Nalanda community to offer our clients and their suppliers a safe framework for work and a significant number of commercial opportunities,” said Juan Gil Radabán, founder and CEO of Nalanda.

The combined business will have over 70,000 customers across 16 countries, including Spain, Portugal, Poland, Norway, Italy, UK, and France.

PSG first invested in Nalanda in 2021.

Dokify is Nalanda’s fourth acquisition since PSG’s initial investment.

Nalanda acquired CTGA in July 2021, Construred and 6Connecta in January 2022 and May 2022, respectively.

Nalanda is a supplier risk and compliance management platform for the construction sector based in Madrid, Spain.

PSG is a growth equity firm partnering with software and technology-enabled services companies. The firm is based in Boston, Massachusetts and has offices in Kansas City, London, Paris, Madrid, and Tel Aviv.