Vitruvian buys 75% of Benify

Benify AB is a provider of web-based Total Compensation Management (“TCM”) software and services to the Nordic market. The platform enables companies to communicate the full value of compensation and benefits to their employees, whilst at the same time simplifying and automating much of the associated administration by connecting directly into the systems of a broad range of benefits suppliers.

Vitruvian Partners is an independent private equity firm that specializes in middle-market buyouts, growth buyouts and growth capital investments in the UK and elsewhere in Northern Europe. Vitruvian looks for companies that are 'operating in dynamic situations, where there is an opportunity to build strategic value'. The Group's target investment size is £25 to £150 million in transactions valued up to £500 million. Sectors of interest include business services, consumer services, financial services, life science, healthcare services, media, technology, communications, and internet software. Vitruvian Partners was formed in 2006 and is based in Lodnon.