CANADA – Valsoft Corporation, a Montreal, Canada-based company which specializes in the acquisition and development of vertical market software businesses, raised US$170M in funding.
The round was led by Coatue and Viking Global Investors.The company intends to use the funds to accelerate portfolio expansion and strengthen its leadership position as a global consolidator in the vertical software sector.Led by CEO Sam Youssef, Valsoft acquires and develops vertical market software companies that deliver mission-critical solutions. Unlike private equity and VC firms, the company does not have a predefined investment horizon and looks to buy, hold, and create value through long-term partnerships with existing management and customers. Commenting on the news, Sam Youssef said: “We expect the funds to allow us to execute our strategic plan faster, positioning us to take advantage of attractive market dynamics and the powerful effects of our portfolio strategy, which delivers increased value for our companies and their customers.”21/01/2024
