Bishopsgate advise on the sale of Wise Software (Orderwise) a leading provider of business software to 1,000 customers across the UK. The Company employs over 200 software and ERP specialists and generates revenue of c.£18m.
For more than 30 years, Wise Software (OrderWise) has been developing, implementing, and supporting ERP software solutions for small and midsize industrial companies in the UK. OrderWise’s specialised, highly-integrated financials, order management, Point of Sale (POS), warehouse management (WMS), transportation management (TMS), and ecommerce solutions are used by nearly 1,000 clients across a broad range of industries, from manufacturing and distribution to wholesale, retail, and ecommerce.
The Company was acquired by Forterro a software group that operates across Europe and employs over 1,200 people. Since it was founded in 2012, Forterro has grown to over 40 office locations around the world to support specialised software solutions and more than 10,000 small and midsize manufacturers. Headquartered in London, Forterro is a category leader in one of the largest and most steadily growing markets in software, with strongholds in each of the Europe’s top production economies, as well as regional service hubs and development centres around the world. Forterro is home to a diverse range of local and vertical industry software solutions—each one uniquely developed by the midmarket, for the midmarket.
OrderWise will significantly expand Forterro’s northern Europe region, with the product representing the group’s fourth largest revenue stream and fourth largest customer base. The acquisition marks Forterro’s second in the UK, following its acquisition of 123insight a year ago. It also serves as Forterro’s inaugural acquisition under its new owners Partners Group, a leading global private markets firm, acting on behalf of its clients.