Leading Northern European B2B software investor GRO acquires the global Usage Data Management leader to capitalize on growth, as demand for subscription and usage-based business models proliferates across industries. 

GRO announced today that it has agreed to acquire DigitalRoute, a global leader in Usage Data Management (UDM) software. The deal aims to accelerate the growth and innovation of DigitalRoute, as the company leverages its expertise and technology to help enterprises adopt and optimize subscription and usage-based business models across industries. 

DigitalRoute provides a best-of-breed platform enabling enterprises to collect, process, and monetize usage data from any source, in any format, and at any scale. The platform supports various use cases, such as billing mediation, revenue assurance, usage-based charging, and analytics. DigitalRoute serves more than 300 customers across industries, including telecoms, software, media and entertainment, financial services, manufacturing, travel, transportation, and logistics. 

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Huge potential in rise of subscription and usage-based business models 

DigitalRoute is an established company with more than 20 years of experience within UDM in the telco industry and is well-positioned to extend its global leadership into an emerging market of new business models across industries. 

"We are very excited to partner with GRO, who share our vision of a new, emerging market for UDM for DigitalRoute to capitalize on. With GRO’s strong track record of supporting B2B software companies at both strategic and operational levels, we believe they are the ideal partner to help us scale our business and expand our offerings to serve new and existing customer segments across a number of industries globally," says Andreas Zartmann, CEO of DigitalRoute. 

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True breakout potential 

GRO is a private equity investment firm investing in and developing B2B software and tech-enabled companies based in Northern Europe. GRO has a proven track record of creating value by actively supporting the growth of its portfolio companies through significant operational and B2B software experience and expertise. 

"We are impressed by the achievements and capabilities of DigitalRoute, who have established themselves as a trusted and innovative partner for enterprises that want to leverage usage data to introduce new revenue streams, increase revenue quality and billing efficiency, and improve customer satisfaction. We see a true breakout potential for the company to grow and capture the opportunities in the fast-growing market for subscription and usage-based business models, which are transforming many industries. We look forward to working closely with the management team and employees to support the next phase of DigitalRoute's journey," says Lars Lunde, Partner at GRO. 

GRO is acquiring DigitalRoute from Neqst, a Swedish private equity investment firm specializing in profitable growth companies within software and IT services. The transaction is subject to customary regulatory approvals. 

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About DigitalRoute 

Founded in 2000, DigitalRoute specializes in data integration and management software solutions, enabling customers to turn user data into actionable insights. DigitalRoute’s main areas of application are billing and revenue management and related business intelligence. 

DigitalRoute excels in serving the world’s most complex enterprise data environments at extreme scale and complexity. The company is proud to work closely with global technology leaders and integration partners. Its solutions are used across a 

range of industries including Telecoms, Software, Media & Entertainment, Financial Services, Manufacturing, Travel, Transportation and Logistics. 

The company is headquartered in Stockholm, Sweden and has 200+ employees serving 300+ customers from its 9 offices around the world. For more information about DigitalRoute, visit www.digitalroute.com 

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About GRO 

GRO is a leading Northern European private equity firm with an exclusive focus on B2B software companies with strong growth prospects. GRO serves as an active owner developing portfolio companies with a view to creating long-term value. The partners behind GRO have been investors in more than 25 technology and software related companies and GRO has approximately EUR 1bn in AUM. For more information about GRO visit www.grocapital.dk 

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DigitalRoute 

Andreas Zartmann, CEO andreas.zartmann@digitalroute.com 

Behdad Banian, CMO behdad.banian@digitalroute.com 

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GRO 

Lars Lunde, Partner ll@grocapital.dk 

Johan Olsson, Director jo@grocapital.dk 

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