VORTAL has been sold to DOCU Nordic, a company owned by Stirling Square Capital Partners. This sale represents new growth opportunities for VORTAL and a strong complementarity between solutions and geographies for both companies.
The CEO Miguel Sobral highlights: “we are excited with this new growth stage for VORTAL and to become part of the DOCU Nordic group, backed by Stirling Square, as this represents an opportunity to bring the company to the next level, combining organic growth through an expanded value proposition and leading the consolidation in the Public eTendering market in Europe.”
Stefan Lindqvist, CEO of DOCU Nordic, also expressed his enthusiasm and growth prospects: “we look forward to working with the VORTAL team and continue growing the business as part of our group. We see great potential in geographic expansion of our two complementing business models, introducing the VORTAL offering in the Nordic region and bringing our offering to VORTAL’s home markets.”
Henrik Lif, partner at Stirling Square Capital Partners, added: “we are very pleased with the acquisition of VORTAL and welcome all employees to the DOCU Nordic group. We look forward to supporting VORTAL in expanding its business both in its current markets and outside.”
VORTAL is a leading player in the operation of eSourcing platforms in Private and Public Sector markets, combining buyer-oriented solutions with a B2B eMarketplace capable of discovering the most competitive and qualified suppliers. For suppliers, VORTAL delivers innovative lead generation and market intelligence tools, providing companies with additional insight to become more competitive and further increase success rates.
Over the last five years, VORTAL doubled its business activity, having expanded its operations internationally with strong focus on European and Latin American geographies, also becoming a leading player in the Gartner Magic Quadrant for Strategic Sourcing Application Suites and being recognized as one of the most valuable global eSourcing and eProcurement operators.
Read the full note: https://en.vortal.biz/system/files/vortal_pressrelease_2020.08.pdf