How Committed Capital added value.
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Strategy
The development of a traditional project management company to an innovative software and service company is the first challenge in the strategic process. In addition, the development of the software was outsourced to a professional party, which greatly increased the quality and go-to-market speed. Finally, we had a strong focus on international expansion.
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Team
Essential for the transition to a software and service company was strengthening the management team and succession of the current two owners. A professional management team was formed immediately after the investment in 2009. Partly thanks to a significant share in the company, management was driven to shape the transition and growth of GoconncectIT.
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Growth
The transition from a project management company to a software company has been successful, resulting in more stable and recurring turnover. Since the collaboration, a strong turnover (2x) and EBITDA (2x) growth has been realised. All this has resulted in a successful sale of GoconnectIT to Main Capital Partners in 2017.