DRS Investment acquires stake in software specialist Ascora

22. March 2018

Munich - The private invest­ment company DRS Invest­ment acqui­res its first invest­ment, the soft­ware company Ascora GmbH from company foun­der Dr. Sven Abels. The latter will remain with the company in the long term as mana­ging direc­tor and has taken a 50 percent stake in the plat­form invest­ment in order to build up a soft­ware group around the digi­ta­liza­tion of busi­ness proces­ses in part­ner­ship with DRS Investment.

In addi­tion to consu­mer soft­ware, Ascora specia­li­zes in data manage­ment in cloud-based envi­ron­ments and digi­tiza­tion services for medium-sized compa­nies. The aim of the invest­ment is to further deve­lop and inter­na­tio­na­lize the company, parti­cu­larly in the B2B area.

Ascora GmbH, Gander­ke­see, was foun­ded in 1994 by the compu­ter scien­tist Dr. Sven Abels. It has deve­lo­ped into an estab­lished part­ner for all aspects of busi­ness process digi­tiza­tion and today employs over 30 soft­ware deve­lo­pers. Ascora curr­ently has more than 12 million soft­ware licen­ses in use. This makes the company one of the German soft­ware manu­fac­tu­r­ers with the widest reach. In addi­tion, Ascora mana­ges seve­ral rese­arch projects in the areas of Indus­try 4.0 and eHealth (EU, BMBF) as consor­tium leader.

Growth plan­ned through acquisitions
With the parti­ci­pa­tion of DRS Invest­ment, Ascora’s B2B deve­lo­p­ments are to be signi­fi­cantly expan­ded. By acqui­ring soft­ware compa­nies, the specia­list wants to open up new busi­ness areas and become a plat­form for nume­rous appli­ca­ti­ons in the B2B envi­ron­ment. “The deve­lo­pers behind Ascora have deep and deep exper­tise in secure data manage­ment and scaling of big data,” said Dr. Andreas Spie­gel, Mana­ging Part­ner of DRS Invest­ment GmbH. “Medium-sized compa­nies in parti­cu­lar can bene­fit from this deve­lo­p­ment power and thus drive the digi­tiza­tion and auto­ma­tion of their busi­ness processes.”

The inves­tors’ goal is to accom­pany the further deve­lo­p­ment of Ascora GmbH in the long term. Ascora foun­der Abels says, “In DRS Invest­ment, we have found an expe­ri­en­ced part­ner who under­stands how to acce­le­rate growth with acqui­si­ti­ons as well as how to leverage Ascora’s core compe­ten­cies for new busi­ness areas.”

About DRS Invest­ment GmbH
DRS Invest­ment GmbH was foun­ded in 2017 by entre­pre­neur and inves­tor Dr. Andreas Spie­gel (photo) with the support of other inves­tors from the private equity envi­ron­ment in order to become priva­tely invol­ved in compa­nies by means of direct invest­ments and to deve­lop them in the long term. Spie­gel (born 1974) has been working in the private equity envi­ron­ment for seve­ral years and has advi­sed on various tran­sac­tions (entry and exit). With a docto­rate in busi­ness admi­nis­tra­tion, he has previously worked in consul­ting and as an inte­rim mana­ging direc­tor in various indus­tries in Germany and abroad. He has foun­ded seve­ral compa­nies hims­elf and is a specia­list in corpo­rate growth. Spie­gel and the select circle of inves­tors contri­bute only parts of their private assets. For the first invest­ments, DRS has EUR 10.0 million available for direct invest­ments, with further funds remai­ning on call. A parti­cu­lar focus is on tech­­no­­logy-orien­­ted growth companies.

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