Kerridge Commercial Systems announces a new partnership with CapVest
Kerridge Commercial Systems (KCS) is pleased to announce that we have now partnered with CapVest, a leading private equity investor. This new partnership enables us to further expand our portfolio of exciting and innovative ERP and business management software solutions that enable our customers to take advantage of the rapid technological advances, and to meet the business challenges of the new digital era.
KCS is a leading global provider of cloud-based business management software solutions to the distribution, automotive and rental sectors. With over 32,000 customers across the globe, KCS solutions service the business needs of over 250,000 users on a daily basis. Under the leadership of Ian Bendelow, the KCS team has in recent years pursued an ambitious growth strategy which has seen us complete 18 acquisitions and significantly expand our geographical presence.
The CapVest investment strategy is focused on investing in a small number of companies and it has an enviable and demonstrable track record of transforming the size and scale of its portfolio companies.
Ian Bendelow, CEO of KCS, said: “This is an exciting announcement for our customers and the whole KCS team, which will further solidify our position as a leading provider of mission-critical vertically focused software solutions globally. CapVest’s long track record of transforming the size and scale of their portfolio companies makes them an ideal and exciting partner for us in pursuing our ambitious plans for the future.”
Fred Raikes, Principal at CapVest said: “We believe that KCS is well positioned to accelerate growth in the coming years, capitalising on the ongoing demand for cloud ERP and supported by the company’s reputation for delivery of best-in-class product functionality, quality and reliability. We look forward to working with Ian and the team as they grow the business and to deliver new and innovative cloud products to market that continue to focus on meeting its customer needs globally.”
