(Montreal, Canada – December, 2019) Valsoft Corporation Inc. (“Valsoft”), a Montreal-based company specializing in the acquisition and development of vertical market software businesses, is pleased to announce the acquisition of Innovative Business Software A/S (“Innovative”), a leader in Integrated Incident Management software, based in Copenhagen, Denmark.
Founded in 1982, Innovative specializes in developing and managing incident management software for private and public alarm receiving centres and alarm monitoring stations. Today, Innovative is a leading provider of integrated incident management solutions in the Nordic countries. Through vigorous and continuous investment into the technology and product suite, Innovative Security Manager (ISM) boasts modules and features related, but not limited to, Alarm Handing & Incident Management, Task & Resource Management, Mapping, Video & Floorplans and a number of integration & interfaces.
Innovative’s customer-focused and technology-driven mindset has greatly contributed to a proven track record within the security management solutions space. Today, ISM is utilized by alarm receiving centers/monitoring stations, public safety answering points (PSAP, 1-1-2), law enforcement, fire departments, public emergency management agencies, airports and industrial facilities. In the last three decades, the company has accumulated marquee clients such as The National Police of Denmark and more recently, Copenhagen Airport, into its already comprehensive customer base.
Tage Reinert, Managing Director of Innovative is very excited about the company’s future. “Even before the acquisition was completed, I could already sense the positive impact of our partnership. Valsoft brings a very entrepreneurial culture, tools and processes that were refined year over year in their vertical market software companies. For us, that’s the foundation of trust, and we are very confident that we will be in an even stronger position to continue serving our customers with mission-critical solutions, now with the backing of a larger organization such as Valsoft,” said Tage Reinert.
Tage Reinert has been a shareholder and board member at Innovative since 2016 and was appointed Managing Director in October 2019, a role that he will continue to assume under Valsoft.
“This acquisition is a milestone in Valsoft’s history in many ways. We are entering a new geography as well as a new vertical. Innovative has a very loyal customer base and an incredibly talented and dedicated team. We plan to continue investing in the software and leverage Valsoft’s global platform to enter a new stage of growth. With the increasing complexity of security threats and exponential growth in mobility of people, we believe no company is better equipped than Innovative to provide a complete solution to institutions around the world. We are excited to welcome Innovative, its employees and clients to the Valsoft family and look forward to many more years of continued growth,” said Sam Youssef, Valsoft’s CEO.
Innovative will continue to operate from its Copenhagen office and this acquisition will have no impact on the day-to-day operations.
Innovative created an entire new market for control centres by using the latest technologies to dramatically increase productivity in alarm monitoring centers. Innovative specializes in developing incident management software for private and public institutions. The flagship product, Innovative Security Manager (ISM), is the result of 35 years of expertise.
About Valsoft Corporation:
Valsoft Corporation acquires and develops vertical market software companies, enabling each business to deliver the best mission-critical solutions for customers in their respective industry or niche. A key tenet of Valsoft’s philosophy is to invest in well-established businesses and foster an entrepreneurial environment that molds companies into leaders in their respective industries. Unlike Private Equity and VC firms, Valsoft does not have a pre-defined investment horizon and looks to buy, hold and create value through long-term partnerships with existing management.
Valsoft Corporation was represented internally by David Felicissimo, General Counsel with the assistance of Pamela Romero, Paralegal and by Copenhagen based external counsel Jesper Kronborg of Brinkmann Kronborg Henriksen. The shareholders of Innovative Business Software A/S were represented by Njord Law.