Thinkwise was founded by Robert van der Linden and Victor Klaren in 2002 with the philosophy to build a platform that could never turn into legacy. This also applies for the end applications built with the Thinkwise platform. This was done by separating the technology from the business logic. Contrary to other low-code providers, the platform allows its customers to completely replace large legacy systems along with most of its peripheral applications and shadow IT.
With this transaction, De Hoge Dennen Capital and Arches Capital will acquire a majority stake in the business. The current management will stay on board and will remain actively involved in the growth plan of the business. The financial details of the deal have not been disclosed. ABN AMRO was the sell-side advisor for Thinkwise.
Robert van der Linden, CEO and Co-founder at Thinkwise: “We are happy to have De Hoge Dennen Capital and Arches Capital on board. Their expertise and network will help us to further grow the organization and to achieve our international ambitions. This will bring the company into a new era and will open up new opportunities for Thinkwise, our employees and our partners. Together, we will be able to bring the company to the next level.”
Marius Coebergh, Director at De Hoge Dennen Capital: “For us is this a great opportunity to invest in a Dutch invention and be part of the international expansion of Thinkwise, and at the same time keep its roots in the Netherlands.”
Frank Appeldoorn, Partner at Arches Capital: “The unique position of the Thinkwise platform and the enormous legacy software market are the right ingredients to grow the company very rapidly. Thinkwise is the best kept secret in the low-code market for core enterprise systems. Arches will not only provide expertise, but also a large network of seasoned entrepreneurs.”
About De Hoge Dennen Capital
De Hoge Dennen Capital is the investment firm of the De Rijcke family. The family used to be the owner of the Groenwoudt Grocery chain and Kruidvat drugstore chain for multiple generations. Both companies have been successfully sold at the beginning of this century. The investment philosophy of De Hoge Dennen Capital is characterized by entrepreneurship, flexibility, partnership and long term relationships. De Hoge Dennen Capital invests in Dutch mid-market companies that differentiate themselves through ambitious management teams and strong growth perspectives. De Hoge Dennen Capital aims to invest in companies with revenues between €20 to €150 million and has an investment focus on management succession, asset relocation, buy-out and growth capital situations. More information: De Hoge Dennen Capital
About Arches Capital
Arches Capital is a fast-growing group of business angels that invests in start-up and scale-up companies with a large growth potential. Through its investments Arches Capital bridges the gap between formal investors (VCs) and informal investors (business angels), by joining the best of both worlds: “We source, select and invest like a VC; we engage, care and inspire as the angel we are“. Arches Capital differentiates itself by bringing superior deal flow, professional knowledge and a lower risk profile to the participating angel investors, while supporting its successful portfolio companies from start to exit through follow-on investments. More information: Arches Capital
Thinkwise is the only vendor in the world that provides a low-code software platform that enables the realization of large-scale and mission critical business software. Thinkwise provides a low-code platform that allows companies and developers to build core enterprise systems and to replace legacy systems. Thinkwise licenses its platform to companies with in-house software development, software vendors and resellers. Thinkwise was founded in 2002 and employs 150 employees. The platform is used in over 42 countries.
Using the Thinkwise low-code platform, you can create sizeable business applications that seamlessly integrate with all your business processes, with minimal technical expertise. This allows the Thinkwise Platform to boost your productivity, increasing it up to ten times compared to traditional software development. When choosing Thinkwise, clients have one strong platform that is designed in such a way that they will always be able to switch to new technologies with limited disruptions or changes to the existing software. As a result, Thinkwise customers never face legacy anymore. More information: www.thinkwisesoftware.com