Triton (Smaller Mid‑Cap Fund II) Acquires Neptune Software
April 27, 2022
Triton’s Smaller Mid‑Cap Fund II (advised by Triton) has signed an agreement to acquire Neptune Software, a Norway‑founded low‑code/no‑code (LCNC) enterprise app development platform, from Nordic investor Standout Capital and the company founders. Neptune, founded in 2011 and headquartered in Oslo, employs about 100 people, serves hundreds of enterprise customers with its Neptune DXP SaaS product, and will be scaled commercially and geographically under Triton's ownership; terms were not disclosed.
- Buyers
- Triton (Smaller Mid‑Cap Fund II, advised by Triton)
- Targets
- Neptune Software
- Sellers
- Standout Capital, Founders
- Industry
- Cloud & SaaS
- Location
- Oslo, Norway
- Transaction Type
- Buyout
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