14 October 2022 Amsterdam/Helvoirt, The Netherlands
Avedon Capital Partners (‘Avedon’) invested in Salves, a leading provider of software testing services in the Netherlands. The aim of the partnership is to accelerate Salves’ growth path both organically and through selective add-on acquisitions.
Founded in 2006, Salves is a leading provider of software testing services in The Netherlands. With more than 120 experienced consultants, Salves supports its clients to realize their business goals by increasing the quality of IT via a wide range of innovative testing solutions. Next to consultancy services, Salves provides an automated software testing solution for electronic health record software. The company serves mid- and large-sized clients in various industries, with strong domain knowledge of the (semi-)government and healthcare sectors. Salves’ success to date is attributable to its unique corporate culture with a strong focus on staff and customers.
The partnership will enable Salves to accelerate growth through investments in the organization and by pursuing a buy-and-build, further investing in talent, and strengthening the service portfolio. Retaining the unique, intimate corporate culture will be key during the growth path.
Christ Coppens, founder and CEO of Salves: “Our main stakeholders are our consultants; they make the company. Serving their interests is our greatest interest. Growth to market leadership through acquisitions will not change this. Not for our current consultants and not for employees of add-on acquisitions. Avedon has not only understood this, but also endorsed it as the best strategy. That is why we chose Avedon with full conviction.”
Michel Verhoog, partner at Avedon: “Salves operates in a fragmented, fast-growing market driven by amongst others the increasing mission-criticality of software for business performance. Due to Salves’ entrepreneurial culture in combination with strong capabilities and impressive track-record, we consider Salves a strong platform to further grow in the Dutch market and beyond. We are honored and excited to support the company in the next growth phase.”
About Salves
Founded in 2006, Salves is a leading provider of software testing services in the Netherlands. The company currently employs more than 120 experienced consultants specialized in quality assurance and testing, agile services, artificial intelligence, mobile testing, test automation, test tooling, and robotic process automation. Salves has longstanding relationships with mid- and large-sized clients in various industries, with strong domain knowledge of the (semi-)government and healthcare sectors. The company is headquartered in Helvoirt and has 3 locations throughout the Netherlands.
See also www.salves.nl
About Avedon Capital Partners
Avedon is a leading mid-market private equity firm in the Benelux and DACH-region, supporting founders or management teams of niche market leaders to realize their ambitious growth plans through organic growth, international expansion and/or a buy-and-build strategy. The Avedon team is based in Amsterdam and Düsseldorf. Avedon seeks opportunities in niches within four sectors: i) smart industries, ii) consumer & health, iii) software & technology, and iv) business services.
See also www.avedoncapital.com
Media contacts:
Salves:
Christ Coppens (Founder & Chief Executive Officer)
Tel: +31 (0)411 870 008
Email: christ.coppens@salves.nl
Avedon:
Michel Verhoog (Partner)
Tel: +31 (0)20 568 2621
Email: info@avedoncapital.com
Salves teams up with Avedon Capital Partners to accelerate growth
Oct 14, 2022
14 October 2022 Amsterdam/Helvoirt, The Netherlands
Avedon Capital Partners (‘Avedon’) invested in Salves, a leading provider of software testing services in the Netherlands. The aim of the partnership is to accelerate Salves’ growth path both organically and through selective add-on acquisitions.
Founded in 2006, Salves is a leading provider of software testing services in The Netherlands. With more than 120 experienced consultants, Salves supports its clients to realize their business goals by increasing the quality of IT via a wide range of innovative testing solutions. Next to consultancy services, Salves provides an automated software testing solution for electronic health record software. The company serves mid- and large-sized clients in various industries, with strong domain knowledge of the (semi-)government and healthcare sectors. Salves’ success to date is attributable to its unique corporate culture with a strong focus on staff and customers.
The partnership will enable Salves to accelerate growth through investments in the organization and by pursuing a buy-and-build, further investing in talent, and strengthening the service portfolio. Retaining the unique, intimate corporate culture will be key during the growth path.
Christ Coppens, founder and CEO of Salves: “Our main stakeholders are our consultants; they make the company. Serving their interests is our greatest interest. Growth to market leadership through acquisitions will not change this. Not for our current consultants and not for employees of add-on acquisitions. Avedon has not only understood this, but also endorsed it as the best strategy. That is why we chose Avedon with full conviction.”
Michel Verhoog, partner at Avedon: “Salves operates in a fragmented, fast-growing market driven by amongst others the increasing mission-criticality of software for business performance. Due to Salves’ entrepreneurial culture in combination with strong capabilities and impressive track-record, we consider Salves a strong platform to further grow in the Dutch market and beyond. We are honored and excited to support the company in the next growth phase.”
About Salves
Founded in 2006, Salves is a leading provider of software testing services in the Netherlands. The company currently employs more than 120 experienced consultants specialized in quality assurance and testing, agile services, artificial intelligence, mobile testing, test automation, test tooling, and robotic process automation. Salves has longstanding relationships with mid- and large-sized clients in various industries, with strong domain knowledge of the (semi-)government and healthcare sectors. The company is headquartered in Helvoirt and has 3 locations throughout the Netherlands.
See also www.salves.nl
About Avedon Capital Partners
Avedon is a leading mid-market private equity firm in the Benelux and DACH-region, supporting founders or management teams of niche market leaders to realize their ambitious growth plans through organic growth, international expansion and/or a buy-and-build strategy. The Avedon team is based in Amsterdam and Düsseldorf. Avedon seeks opportunities in niches within four sectors: i) smart industries, ii) consumer & health, iii) software & technology, and iv) business services.
See also www.avedoncapital.com
Media contacts:
Salves:
Christ Coppens (Founder & Chief Executive Officer)
Tel: +31 (0)411 870 008
Email: christ.coppens@salves.nl
Avedon:
Michel Verhoog (Partner)
Tel: +31 (0)20 568 2621
Email: info@avedoncapital.com