Fortino Capital sells German subsidiary after a year
Last modified: 13 December 2023 10:52
Symbioworld grew so fast that market leader Celonis wanted to buy.
Fortino Capital, a European investment company focused on B2B software solutions, has sold an investment in Germany for the first time. The investment in question concerns Symbioworld GmbH, which has been acquired by Celonis, the global market leader in process mining.
Symbioworld is an innovative AI-driven provider of business process management software.
Fortino Capital purchased Symbioworld in December 2022, due to the strong organic growth of the German company. Since then, Symbioworld has grown strongly thanks to product innovations focused on AI, a go-to-market strategy and further internationalization.
Financial details of the deal were not disclosed.
