Neptune Software raises €7.5 million by partnering with Standout Capital

Press Release – Stockholm, Sweden (MyNewsdesk)

Neptune Software, which delivers a leading low-code development platform to rapidly create and manage enterprise applications in the SAP market, today announced it has partnered with Standout Capital to leverage its position in the market and accelerate its current international expansion beyond SAP.

Since its inception in 2011, Neptune Software has been successful in helping global companies  create and manage innovative enterprise applications at record speeds and at significant cost savings. Neptune Software and it’s Neptune  Digital Experience Platform provides one of the fastest, most cost-effective, and secure ways to develop, integrate and make any application functionality seamlessly available across mobile, desktop and offline—bringing award-winning UX capabilities to life today to more than 400 customers worldwide with more than 1.4 million licensed users.

As part of its latest R&D achievement, Neptune’s solutions enable companies to get more out of their systems with a faster way to deliver any apps or solution, while integrating all areas of their business – regardless of their backend systems, cloud platform, or the architectures they employ. With new capital, Neptune can faster grow its resource base to capitalize on this opportunity internationally.  

“We see a great opportunity to further expand our operations in the coming years. More and more customers find the benefits from leveraging our DX platform for rapid innovation. We are excited to bring Standout onboard as a growth partner to Neptune. With Standout, Neptune will have the resources and experience to continue the expansion of the Neptune platform and enable us to meet the strong global demand for our solutions.” says Andreas Grydeland Sulejewski, CEO of Neptune Software.

“The need for companies and organizations to leverage their IT infrastructure is clear and growing.  Neptune has a strong technical platform which makes it possible to easily bring IT systems closer to the operations in a user friendly format. Neptune is a young company that has been able to successfully build and commercialize its product to blue-chip customers in Asia, Europe and the US. We are very impressed with the team and what they have achieved with limited resources.” says Klas Hillström, Partner at Standout Capital.  

Contacts and further information

Andreas Grydeland Sulejewski, CEO, Neptune Software, +47 938 04 965, andreas@neptune-software.com

Klas Hillström, Partner, Standout Capital, +46 70 508 77 12, klas.hillstrom@standoutcapital.com

About Neptune Software

Neptune Software is global company dedicated to helping organizations accelerate their enterprise application development projects and the adoption of award-winning UX Design—all to increase employee satisfaction, productivity and business efficiencies. Neptune Software and its Neptune Digital Experience Platform provides the fastest, most cost-effective, and secure way to develop and make any application functionality seamlessly available across mobile, desktop and offline—bringing powerful developer  and UX capabilities to life today with its low-code, Rapid Application Development Platform (RAD)—so businesses can solve their strategic business and mobile challenges. www.neptune-software.com

About Standout Capital

Standout Capital is a Stockholm-based private equity firm investing in growing Nordic tech companies. As an active owner, our mission is to partner with outstanding companies to help them grow and succeed. Standout Capital’s investment strategy is to support the digital transformation in business and society. The founders and investment team build on experience in entrepreneurship, investments and finance. The Standout Capital I fund is SEK 1 billion. www.standoutcapital.com

Standout Capital I AB benefits from the support of the European Union under the Equity Facility for Growth established under Regulation (EU) No 1287/2013 of the European Parliament and the Council establishing a Programme for the Competitiveness of Enterprises and small and medium enterprises (COSME) (2014-2020)

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