Standout Capital is investing in one of the most exciting Microsoft Dynamics 365 ISVs, SignUp Software, a global leader in Accounts Payable Automation. The Swedish software company has over 1 000 customers globally and has experienced solid growth, not least in the US. Standout Capital will become a minority shareholder in SignUp Software, partnering with the founders who remain majority owners.
SignUp Software was founded by Göran Garvner and Henrik Garvner in 1999 and has steadily provided innovative and leading financial process automation solutions for Microsoft Dynamics 365 ERP. The flagship Accounts Payable Automation solution, ExFlow creates significant value for more than 1 000 customers globally. The company has 75 employees based in Sweden, Denmark and Australia and a large network of Microsoft partners and distributors across the globe. Following the investment by Standout Capital, Erik Wästlund will join the board of SignUp Software.
– We are in a great position to continue to provide excellent value to our existing and new customers and with increasing demand to scale up our operations. It is the right time to bring in an active growth partner like Standout Capital who can complement our strategy with expertise in international expansion and great knowledge of enterprise SaaS, says Henrik Garvner, CEO SignUp Software.
– We have followed SignUp Software’s impressive growth since we first met four years ago and are pleased to finally get a chance to partner with the founders and the rest of the highly talented team at SignUp Software. We have seen the Microsoft Dynamics ecosystem go from strength to strength and Independent Software Vendors (ISVs) such as SignUp Software are an important part of that ecosystem’s success. After talking to SignUp’s customers and partners, it became clear that the Company is in a great position and we hope to actively contribute to the Company’s continued growth, says Erik Wästlund, Co-founder Standout Capital.
About SignUp Software
SignUp Software is a global forerunner in financial process automation. ExFlow by SignUp Software is the premiere Accounts Payable Automation solution for Microsoft Dynamics 365 Finance and Operations, Business Central, AX and NAV. ExFlow is a built-in, feature-rich AP Automation solution that enables organizations to increase efficiency, transparency, and control in their AP Invoice process, driving down costs while generating substantial process savings. Today, more than 1 000 customers across the globe rely on ExFlow to empower their AP process. SignUp Software was founded in 1999 and launched ExFlow in 2003. SignUp Software currently operates out of Stockholm, Sweden (HQ), Denmark, and Australia and count approximately 75 employees across the globe.
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 support outstanding companies to grow and succeed. Standout Capital’s overall idea is to the digital transformation in business and society. The founders and investment team build on experience in entrepreneurship, investments and finance. The fund size is SEK 1 billion.
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)