The record of firms acquired by European industrial software program firm Forterro has elevated in size, with the newest enterprise to hitch the fold being Inology, based mostly in Barcelona, Spain.
Inology offers ERP software program, specialising in expense administration and time and attendance capabilities. The acquisition means Forterro expands its market additional into southern Europe: Inology’s Tickelia has greater than 1 / 4 of 1,000,000 Spanish and Portuguese customers amongst small-to-medium companies. The corporate’s Marino ERP is maybe greatest identified amongst discrete and course of producers within the area.
Forterro expects to develop its buyer base by round 1,500 further SME and higher mid-market clients.
Since Battery Ventures divested itself of Forterro for $1 billion to Companions Group, the corporate has been on one thing of a shopping for spree. It’s acquired firms and merchandise that embody Jeeves, Myfactory, Proffix, Sylob and Infocube. Inology is Forterro’s fifth acquisition of 2025, the newest being Danish enterprise intelligence agency TARGIT.
Talking to the Enterprise Instances in 2022, CEO Dean Forbes stated the acquisition of Jeeves marked the beginning of its present playbook of growth by way of merger and acquisition. Its subsequent 9 purchases had been of a “comparable profile of enterprise, comparable playbook for worth creation, comparable method to gross sales and advertising and marketing […] That’s when the corporate expanded throughout Europe.”
Amongst its acquisitions are BM Group, a uPVC window software program specialist, which was purchased by Forterro this yr. In November 2024 it introduced the acquisition of one other fenestration specialist, German Orgadata AG, which added the Logikal design and manufacturing software program and web-based administration suite Contact to Forterro’s portfolio.
In the beginning of its development and growth cycle, Orderwise added its personal ERP software program property to Forterro, along with WMS (warehouse administration system) and inventory management software program, aimed toward each retailers and wholesalers.
Forterro is now recognised as enjoying strongly within the mid-market, the place it’s establishing a powerful European base. Talking on the newest acquisition of Inology, Forbes stated, “This […] aligns completely with our mid-market focus, accelerating our cloud technique, extending our attain in southern Europe, and enabling us to supply clients much more of the instruments they should compete and thrive of their native markets.”
The corporate’s cloud technique centres round MyForterro, a web-based utility that varieties the hub of licence administration for the completely different platforms on provide, and authorises customers by way of Microsoft Entra.
Forterro at present employs round 1,800 folks in 40 workplaces largely sited in Europe, but additionally has presence within the UAE, Morocco, China, and the US.
(Picture supply: “Might, 1965 — Mr. and Mrs. Louis Belcher with their loot from a ten-minute buying spree at Wrigley’s Grocery store on West Stadium.” by In Memoriam: Wystan is licensed beneath CC BY-SA 2.0.)
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