Engagement — Platform Due Diligence
Code & Co. provides Tech & Product Due Diligence to FLEX Capital ahead of its acquisition of Simovative, a market leader in campus management software in the DACH region.
FLEX Capital, the private equity investor specializing in mid-sized software companies in the DACH region, announces the majority acquisition of Simovative. The Munich-based company is a leading, founder-led software house in the field of campus management, offering a fully cloud-based, scalable solution for universities in the DACH region.
Scope of Work
Code & Co. performed an audit of Simovative’s platform, including a review of its software architecture, infrastructure, technology stack, scalability, and security. Further, Code & Co. analyzed Simovative’s product roadmap, AI strategy, integration capabilities, and structured onboarding process. The review also covered Simovative’s engineering processes, software development lifecycle and management of technical debt.
About Simovative
Simovative is the undisputed frontrunner in the field of campus management solutions. Since its formation in 2002, the company has been leveraging its expertise to digitalize processes in higher education institutions while continuously evolving its software solutions and overall operations. Its success speaks for itself: an increasing number of higher education institutions across Europe rely on its campus management solution, academyFIVE. This success has also driven Simovative to explore new areas within the education market. As a result, the company developed UniHeads, a service platform that connects key figures from universities and companies with students. Additionally, it launched eduFutureDays, a forum dedicated to discussing future technologies in education. www.simovative.com
About FLEX Capital
FLEX Capital is a private equity fund founded by successful serial entrepreneurs that invests in profitable and growing companies from the German Internet and software midmarket. Announced in early 2023, the second fund of €300 million includes a commercial structure for the first time, enabling FLEX Capital to provide operational support to portfolio companies with a purpose-built 30-person team of experts, differentiating the investor from many other private equity funds. Currently, the FLEX portfolio comprises eight business platforms. For more information, visit www.flex.capital.