Advania divests two school software solutions to the Nordic software specialist InfoMentor
Advania AB (“Advania”) has reached a definitive agreement to divest two school software solutions in Iceland to InfoMentor, a Nordic software specialist within online solutions for assessment planning. As developing proprietary software is not part of Advania’s core offering, this divestment allows Advania Iceland to further streamline its IT services offering and provide best-of-breed software solutions tailored to the customers’ needs. This underpins the goal of becoming the preferred IT services provider in Northern Europe.
Key transaction highlights
- Advania has reached a definitive agreement to divest two school software solutions to the Nordic software specialist InfoMentor, a portfolio company of the Nordtech Group.
- Inna is an information system for secondary schools and contains, among other things, a teaching system and student accounting. Vala is a solution for municipalities that covers the administration of preschools, school meals, after-school activities, community center activities and work schools.
- A strong team of domain and software specialists will follow the transaction perimeter to ensure smooth transition and full operating capabilities from day one.
- Advania, with a heritage dating back to its inception in Iceland in 1939, is a leading IT-services provider in Northern Europe with operations in Sweden, Iceland, Norway, UK, Denmark and Finland.
InfoMentor is a learning platform that simplifies everyday school life by providing planning, assessment, documentation and analysis in one tool.
The transaction allows Advania to focus on the customer intimacy while providing independent and best-of-breed solutions.
"At Advania, we regularly review and evaluate our product and service offerings to sharpen our focus based on market developments and the latest technology. As a result, we made the decision to step out of developing and maintaining proprietary software within student and school administration. After a strategic review it became clear to us that the two solutions would find a great home with InfoMentor who will continue to provide a high quality of service to these long-standing customers,” says Ægir Már Þórisson, CEO of Advania Iceland.
To ensure a smooth transition for customers, a team of domain experts and software specialists will be included in the transfer. The team will continue to deliver the highest level of services to existing and new customers.
"After discussions began between InfoMentor and Advania, it was immediately clear that these solutions were well aligned with the journey that InfoMentor is on and that there were opportunities to do even better by joining forces. InfoMentor employs a team of experts who live and work in school solutions and have extensive expertise both in the Icelandic market and in the Nordic countries. With this knowledge and the knowledge of Advania's school solutions experts, there is an opportunity to continue to develop powerful technical solutions for these markets with the interests of students in mind," says Johan Kratz, CEO of InfoMentor.
The majority of the shares in Advania is owned by funds managed by the Private Equity team at Goldman Sachs Asset Management.
Infomentor
Johan Krantz, CEO InfoMentor
E-mail: johan.krantz@infomentor.se
Phone: +46 736 66 11 26
Advania Iceland
Ægir Már Þórisson, CEO Advania Iceland
E-mail: aegir.thorisson@advania.is
Phone: +354 8649841
Advania Group
Hege Støre, Group CEO
E-mail: hege.store@advania.com
Phone: +47 901 42 548
About Advania AB
Advania is “The tech company with people at heart,” operating across UK, Sweden, Norway, Iceland, Finland, and Denmark. With a team of over 4,500 talents, we offer managed services, hardware, software, and professional services to clients in both private and public sectors, primarily in the mid-market. Our main goal isn't just about technology; it's about empowering people to create sustainable value. By establishing lasting relationships, utilizing leading technologies, providing modern platform solutions, and fostering strategic partnerships, we're shaping the future IT landscape. Advania is proudly backed by funds managed by the Private Equity team at Goldman Sachs Asset Management. For further information, please visit https://www.advania.com/
About InfoMentor
InfoMentor is a learning platform that simplifies everyday school life by collecting planning, assessment, documentation, analysis and contact with home in one tool. It gives educators the conditions to be able to focus on the development of each individual student and child and more time for teaching. InfoMentor is simply a tool to make the preschool and school even better. For further information, please visit https://www.infomentor.se/
About Goldman Sachs Asset Management Private Equity
Goldman Sachs Asset Management provides clients around the world with a dedicated partnership and focus on long-term performance. As the primary investing area within Goldman Sachs (NYSE: GS), we deliver investment and advisory services for the world’s leading institutions, financial advisors, and individuals, drawing from our deeply connected global network and tailored expert insights, across every region and market—overseeing more than $2.8 trillion in assets under supervision worldwide as of December, 2023. Driven by a passion for our clients’ performance, we seek to build long-term relationships based on conviction, sustainable outcomes, and shared success over time. Goldman Sachs Asset Management invests in the full spectrum of alternatives, including private equity, growth equity, private credit, real estate, and infrastructure. Established in 1986, the Private Equity business within Goldman Sachs Asset Management has invested over $95 billion since inception. We combine our global network of relationships, our unique insight across markets, industries and regions, and the worldwide resources of Goldman Sachs to build businesses and accelerate value creation across our portfolios. For further information, please visit: www.goldmansachs.com
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