Altor acquires a majority stake in Palette Software
Altor Fund V (“Altor”) has signed an agreement to acquire a majority stake in Palette Software AB (“Palette”). Altor acquires the company from previous owner Monterro, founders and management. The ambition is to accelerate investments in growing Palette into one of the leading accounts payable automation software providers globally.Palette is an Accounts Payable automation (AP Automation) software company offering procure-to-pay and digital invoice processing solutions for the SME and mid-market segments. The company, which has 12o employees and is headquartered in Stockholm, has more than