Memnon Networks is the market leading transport management system provider in the Nordic region. Through its proprietary software, offered as a SaaS solution, the company simplifies the connection between over 150,000 shippers of goods with over 150 transport companies using a web-based, flexible Electronic Data Interchange-connection. This enables parties to exchange automated, reliable and accurate information, simplifying the transport administration process for users. It also in turn drives productivity improvements and enhances the quality of business processes.
Bridgepoint Development Capital was attracted by the opportunity to partner with a high quality management team to acquire a market leading SaaS provider with significant organic growth potential, in current markets as well as outside the Nordic region. The acquisition is a primary buyout and was acquired in a proprietary, off-market process.
In February 2016 the company was sold to funds managed by Vitruvian Partners for an undisclosed sum.
To learn more about the company, visit http://www.memnonnetworks.com/en/