BOARD International has announced that Nordic Capital Fund agreed to acquire a majority share in the company. The merger provides BOARD with more financial flexibility to expand its BI and data analytics platform across to globe. Nordic Capital Fund is a private equity investor that focuses on the technology and payments and financial services industries. BOARD was founded in 1994 and touts 26 global offices, 300 employees, and more than 3,000 customers in 100 countries.
BOARD combines business intelligence, performance management, and predictive analytics into one platform. As a result, any change to data, data models, security profiles or business rules is immediately propagated to every application. The solution provides all the tools required to create and update databases, data presentations, analyses, and process models. The company also offers BOARD Cloud, a SaaS version of the platform, backed by Microsoft Azure.
In a statement to the media, the company’s CEO Giovanni Grossi said of the merger: As we continue to innovate the BOARD platform, helping customers worldwide to make better business decisions, we are delighted to partner with Nordic Capital to aid our growth. Their expert support will be of great value as we further our expansion in geographies across the globe.”
Nordic Capital Funds Advisor Fredrik Näslund echoed the CEO’s sentiment, adding: “Drawing on Nordic Capital’s significant experience in the technology sector, we intend to support BOARD International in its global expansion.”
BOARD won numerous industry awards in 2018, including a gold medal for business intelligence at the 2018 Software Reviews Data Quadrant awards. The provider was also named a FrontRunner for business intelligence by Software Advice in November, and a Major Player in the IDC Marketscape for Worldwide Enterprise Performance Management Analytic Applications.
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