in the d.velop group
as of March 2016
in the d.velop competence network
Founded in 1992, d.velop is an IT service provider that produces and markets software in the area of enterprise content management (ECM), electronic archiving, document management (DMS) and workflow management. Paarl Equity participated in 2008 within the framework of a share sale by the two company founders.
At that point in time, d.velop was one of several mid-market enterprises in a market characterized by strong competition. With the aid of the investment from Paarl Equity, d.velop AG was able to expand its good market position as an innovation leader. The company has succeeded in consistently tapping new market segments with lighthouse customers that profit greatly from the digitalization of their business processes thanks to the innovative products from d.velop.
When we exited in 2015, d.velop AG had expanded its market position, significantly increased its profitability, and doubled annual group sales to more than 50 million euros.
d.velop AG is a company still managed by one of its founders. With over 6,300 customers and more than a million users worldwide, it is today the market leader in the German-speaking ECM market.