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Acquisition of Cloud Planet by Symfonia

Date: 2021

Country: Poland

Industry: Software

Target: Cloud Planet

Buyer (Client): Symfonia

Seller: Shareholders of Cloud Planet

VCP’s role: buy-side M&A advisor

 

    • VCP acted as a buy-side advisor to Symfonia on the acquisition of Cloud Planet, a cloud-based invoicing and document workflow management company, with more than 10 years of market presence
    • Cloud Planet’s selling points are its strong position in the domestic segment of online invoicing services for SMEs, as well as solutions offered in B2C model that include szybkafaktura.pl invoicing software and document scanning product skanuj.to
    • With this acquisition, Symfonia further strengthen and broaden its offering of business software solutions
    • It is in line with Symfonia’s long term strategy of expanding its cloud offering, and highlights Symfonia’s appetite to become significant player in the growing cloud services market
    • VCP supported Symfonia in the entire transaction process from selection of potential targets through deal tactics and coordination of all work streams to closing of transaction
    • The transaction was closed in October 2021

 

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