BRP Systems receives undisclosed investment from Valedo Partners.
BRP Systems, a Linköping, Sweden-based developer of ERP solutions for the fitness industry, announced that it entered into an investment agreement with Valedo Partners. The financial details of the transaction remain undisclosed.
The investment will be made from the Valedo Partners III AB fund and will be used for acceleration of expansion and growth of BRP. The partnership secures additional resources and competence to fuel BRP’s continued development of BRP’s technical market leading ERP software and services for membership handling, booking and payment solutions to fitness facility operators in the Nordics and Europe.
BRP Systems, founded in 2004 by Magnus Thorarensen and Jesper Wetterbrandt (CEO), offers ERP software for operators in the leisure sector, primarily fitness facilities as well as bath-, spa- and conference facilities. BRP’s software is used by a large number of leading chains as well as large and small private and public facilities in need of efficient and secure full service ERP-platform to achieve increased efficiency and satisfied end customers.
BRP Systems has a turnover of about 40 SEK million ($4.6M) in 2016.