DRS Investment acquires stake in software specialist Ascora
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.