Danish IAM software provider 2ndC joins SIVIS Group
Supported by Main Capital Partners, SIVIS has acquired the Danish Identity and Access Management software company 2ndC to become a better and stronger security software provider in Europe.
SIVIS is also a leading Identity and Access Management software solution provider with a focus on SAP authorizations for over 22 years.
2ndC is a cloud software provider with a strong foothold in Identity and Access Management. For over 25 years, 2ndC helps its customers with their user life cycle and control of the identity and access management with the 2ndC Compliance Suite built on a standardized Microsoft platform.
Together, the group will combine its strengths and help customers to get their user lifecycle and security needs under control. 2ndC, as a generalist in managing identities from different landscapes, perfectly complements SIVIS’ deep SAP expertise. The combined offering will provide customers with a central orchestration for identities in the entire IT environment. With a secure identity solution, the new foundation is laid for customer employees to have all licenses, assets, and accesses from the first working day. The suite integrates with all the leading HR platforms in the market and the combined group will be a leading software security provider with more than 2.5 million managed identities.
Philipp Latini (Managing Director of SIVIS): “We are totally excited to finally solve customer requests regarding the management of identities to a broad band of non-SAP systems. We feel a strong demand for more integrative, innovative and cloud-based IDM solutions and together with 2ndC we are capable to deliver a solid framework to all customers.” ”
David Nykjær (Managing Director of 2ndC): “We are one of the most innovative IAM vendors on the Scandinavian market, helping companies to maximize the value of IAM using Microsoft standard-based platforms and tools. With the new group we are convinced to accelerate our expansion in DACH Region and rest of Europe. Our solution assists our customers achieve their digitalization strategy by applying standards and transparency to on, off- and cross-boarding processes. Together with SIVIS we provide a one-stop-shop solution for hybrid integrations to both cloud and legacy systems based on Microsoft- and SAP platforms.“
Sven van Berge Henegouwen (Head of DACH at Main Capital Partners): “We see significant complementarity between both solutions and we strongly believe that a combination adds value to both customer groups. SIVIS customers regularly request a user life cycle management tool and IDM solutions beyond the SAP ecosystem that we can now offer. Together with its nearly 80 employees, the new group has an impressive footprint in the Identity Management Software market in DACH and the Nordics that we will leverage further to build a leading pan-European security software player.”
SIVIS is a software specialist for authorizations, user management and compliance in SAP. The company was founded in 1999 and has 46 employees. In addition to its headquarter in Karlsruhe, SIVIS also has offices in Eschbach and Switzerland. SIVIS’ industry agnostic solution is implemented at more than 180 enterprise customers mostly in the DACH region. The company aims to offer added value to SAP customers through a combination of intelligent product development, qualified consulting and effective project implementation.
2ndC is an identity management software specialist with over 20 years of experience in helping enterprises and organizations to gain control over sensitive data from the moment the user enters the company until they leave. The company was founded in 1990 by Jesper Bergstedt in Copenhagen, Denmark and has more than 25 employees. It serves a diversified customer base of around 20 enterprise clients in Denmark.
About Main Capital Partners:
Main Capital is a strategic investor with an exclusive focus on the software sector in the Benelux, DACH and Nordics. Main has a long-term horizon around successful partnerships with management teams, with the aim of building larger software groups together. Main has over € 2.2 billion in assets under management for investments in mature and growing software companies. Within the software sector, Main is the most specialized player in management buyouts and later-stage growth capital for acquisitions. An experienced team of professionals manages these strategic investment funds from offices in The Hague, Düsseldorf and Stockholm.