LucaNet AG partners with Hg to create a global leader in enterprise performance management

BERLIN, April 11, 2022 /PRNewswire/ — LucaNet AG (“LucaNet”), a leading financial consolidation and planning software company headquartered in Germany, today announces that it has accepted a strategic investment from Hg, a leading global software and services investor. This marks a key milestone in the company’s growth and ambition to become a global leader in enterprise performance management software.

Logo Luca Net

Hg will invest a majority stake in the company alongside the current majority shareholders – Rolf-Jürgen Moll, Olivier Schmitzand Dominique Duchon – who will retain a substantial minority stake and are keen to support the company in its next phase of growth. Mr. Duchon will move forward to serve as CEO.

Founded in 1999, LucaNet began with the vision of creating a one-stop-shop software solution, bringing financial control, planning and consolidation together. Since then, the company has become a leader in its core segment – the CFO’s office for midsize companies – globally. With a loyal customer base of over 3,500 organizations in more than 50 countries, offices in China, Singaporeand the Americas as well as a strong European base, LucaNet employs approximately 500 people worldwide.

Hg’s 20 years of experience in the tax, accounting and enterprise resource planning (ERP) software industries will help LucaNet strengthen business practices and accelerate the transition to a best-in-class SaaS product and revenue based on subscriptions. The new partnership is also expected to focus on customer success, product leadership, accelerating international sales, and M&A efforts to augment existing capabilities and expand into new product categories.

Rolf-Jürgen Moll, founder of LucaNet and former CTO for more than 20 years, said: “From day one, we wanted to provide the best software in the world, making life easier for finance professionals everywhere. Hg’s investment is a watershed moment for LucaNet. and it is a partnership that will energize this mission. I am so proud of our talented colleagues who have enabled us to occupy such a solid position as a leader in financial consolidation. I’m sure the journey has only just begun.

Olivier Schmitzco-founder of LucaNet, added: “Hg is a reputable partner for many software leaders in Germany and has over 20 years of proven experience in scaling and transforming B2B software vendors. This partnership is a fantastic opportunity for LucaNet and our customers around the world who can expect to see even more comprehensive and intelligent solutions to help meet the challenges of their CFO departments.”

Dominique Duchonfuture CEO of LucaNet, said: “LucaNet is at the center of an ecosystem of thousands of companies and is used daily by financial services and the office of the chief financial officer. Our commitment to our customers and to providing the best solutions is at the heart of our success and this new investment will dramatically accelerate that trajectory.”

Benedikt Joeris de Hg said, “LucaNet is a very high quality company, with over 20 years of meteoric growth behind it. We are delighted to have the opportunity to partner and work alongside them. Our industry and product experience means we can see multiple opportunities for further transformational growth. »

Terms of the transaction are not disclosed and closing is subject to customary regulatory approval.

Media contact LucaNet AG

Juliane Batliner
[email protected]
+49 89 2284899 255

Hg media contact

Tom Eckerley
[email protected]
+44 208 148 5401

Azadeh Varzi and Samantha Chiene (Brunswick)
[email protected]
+44 207 404 5959

About LucaNet AG

LucaNet offers easy-to-use software to master financial consolidation, planning, reporting and data management. By providing 100% reliable data, LucaNet makes life much easier for Group CFOs, Controllers and Accountants – every day. That’s why more than 3,500 customers in more than 50 countries have trusted LucaNet.

With more than 500 professionals worldwide and an ecosystem of more than 100 partners worldwide: wherever finance teams need reliable data, LucaNet excels in providing a ready-to-use and quickly implemented software solution. implementation that integrates seamlessly into any existing system landscape. More info: https://www.lucanet.com

About Mercury

Hg is a platform for software and services champions, focused on supporting companies that are changing the way we do business. Deep technology expertise, complemented by vertical application specialization and dedicated operational support, offers a compelling proposition to management teams looking to scale their businesses. Hg has funds under management of more than $40 billion, with an investment team of over 160 professionals, as well as a portfolio team of nearly 50 operators, providing hands-on support to help our businesses achieve their growth ambitions. Situated at London, Munich and New YorkHg has a portfolio of over 40 software and technology companies, worth more than $100 billion global value of the company, with more than 55,000 employees worldwide, growing more than 20% per year. More info: http://www.hgcapital.com

Logo – https://mma.prnewswire.com/media/1794533/LucaNet_logo.jpg
Logo – https://mma.prnewswire.com/media/1794532/Hg_logo.jpg

Hg logo

Hg logo

Comments are closed.