Tacton Systems secures investment from a GRO Capital-led consortium to further accelerate growth
Tacton Systems, a Stockholm, Sweden-based company developing and providing sales and product configuration for the manufacturing sector, announced a $12M investment in the company.
The transaction involves an investor consortium consisting of the software focused private equity fund GRO Capital and the family owned investment company KIRK KAPITAL taking majority control by acquisition of existing shares and injecting up to $12M to fund growth initiatives.
Tacton, founded in 1998 and led by CEO Frederic Laziou, is a global vendor of sales configuration software and services. The company supplies advanced product configuration as its technology redefines how product configuration is managed, making it radically simpler to configure, design and sell complex products. Tacton’s solutions integrate easily with surrounding systems and have standard integrations for many leading e-commerce, ERP, CRM, PDM, PLM, and CAD systems.
The funds raised will enable Tacton to further accelerate its global market expansion. The past 12 months, Tacton has executed two strategic acquisitions - Lumo Graphics GmbH in November 2016 and Ventacor in July 2017 - and continued the expansion of its global footprint, opening offices in the US, Germany, and Poland.
Tacton will also leverage the investment to support the recruitment and on-boarding of new staff to boost the continued development of its ground-breaking CPQ (Configure Price Quote) solution including Design Automation and 3D visualization.