Posted on 6th March 2020
London, March 6, 2020 - Mansystems, Mendix's leading implementation and support partner, today announced that it has merged with FlowFabric, expert in the development of business applications and Mendix Expert-partner in 2019. The companies are joining forces to become the largest global Mendix-partner for implementation and support, strengthening their position in the Netherlands, where both companies are headquartered, and accelerating plans for international expansion.
The merger will provide additional scale as well as complementary knowledge and experience, optimally positioning the company to respond to the increasing cross-border customer requests brought about by Siemens’ recent takeover of Mendix. Together the companies are by far the largest Mendix-partner with more than 130 developers in the Netherlands and 50 developers in Germany.
As leading Mendix partners, the companies are highly complementary. Mansystems has established itself as a leading player in the low-code application market with a strong technology focus. Since its establishment in 2010, FlowFabric has established a proven track record in the wholesale, retail, insurance, construction and installation sectors through the optimization of complex processes with business solutions based on the Mendix platform.
Arnold Zwart, CEO of Mansystems said: “This merger unites two leading Mendix Expert-partners, creating a unique combination that will continue to lead the market. The merger with FlowFabric adds an extra layer of specialist industry knowledge to Mansystems' leading service package on the Mendix low-code platform, including projects, implementation, support and maintenance, software tools and expert training."
FlowFabric’s shareholders Kjeld Cornelissen, René Tusveld, and Patrick Jansen van Doorn will continue to be involved in the business, taking on strategic senior management positions.
Kjeld Cornelissen, CEO of FlowFabric, adds: “The market focus of FlowFabric combined with the technological expertise and international capabilities of Mansystems presents a huge market opportunity that will allow us to accelerate our growth. We feel a strong connection with the culture of Mansystems and we look forward to operating as a combined team.”
The deal follows the €20m equity investment in Manystems in August 2019 by Volpi Capital, a specialist European lower mid-market private equity firm.
Crevan O’Grady of Volpi Capital adds: “This merger presents an early success in Volpi's buy-and-build strategy. The combination of FlowFabric and Mansystems offers a lot of potential to exploit opportunities in the low-code market in the Netherlands and abroad."
Financial terms of the deal were not disclosed.