PINOVA Capital invests in Raynet – A partnership with a common focus on growth and innovation
March 3th, 2021 | Press release
Raynet GmbH (“Raynet”), the global software vendor offering market-leading solutions and IT service provider in the field of Enterprise Software Management based in Paderborn, Germany, is embarking on a growth strategy with PINOVA Capital (“PINOVA”) as an investor by its side. PINOVA Capital is an independent private equity firm that invests in high-growth technology companies in German-speaking regions. The deal, which was closed on Monday in Frankfurt, enables Raynet to drive international growth and deliver its high-end solutions and products and its impressive portfolio of services for existing and potential customers to the market with accelerated speed.
As an innovative industry leader in Technology Asset Inventory, Software Packaging and Unified Endpoint Management, this partnership marks the beginning of a new era for Raynet. An era during which an ambitious growth strategy will now be consistently implemented after reaching a solid market position by the substantiated development of best-of-breed products and their placement on the market.
"Together with PINOVA, our future-oriented solutions will not only change the market, but absolutely revolutionise it. We aim to take advantage of the lead which we have gained over other competitors in this field, particularly in the area of Technology Asset Inventory and Software Packaging, and to establish our technology as a global standard for all enterprise customers and service providers."
Alongside the product development, the strategic alignment also focuses on internationalization and global expansion. In addition to the expansion within the European market, Raynet will concentrate on the company’s facilities in Tokyo (Japan) and Istanbul (Turkey) and will also expand its presence in the USA with the active support of PINOVA.
"Since its foundation, Ragip Aydin has developed his company Raynet into the technology leader in the Application Lifecycle Management area and has brought it on a sustainable growth path. Together with Ragip Aydin and his team, we want to continue this growth and further develop Raynet as a global software vendor and managed service provider, with a particular focus on Technology Asset Inventory and Software Packaging."
PINOVA has retained the expertise and know-how of the Managing Director and the team who have helped shape the company’s success. Ragip Aydin will continue to carry out his duties at Raynet as Managing Director following completion of the transaction and will remain with the company as a significant shareholder: “We are delighted to have found our perfect partner in PINOVA, an investor that has recognised our potential, shares our vision and will work with us to further develop the company and drive growth. The new partnership will also increase the relevance of our employees: They will be given the opportunity to participate in the successful future of Raynet.”
About PINOVA
PINOVA Capital is an independent private equity firm investing in growth technology companies in German-speaking regions. PINOVA Capital focuses on “Mittelstand” companies with sales between €10 million and €75 million in the sectors industrial technology and information technology, characterized by significant growth potential, sustainable competitive advantages and a strong market position in their niche.
Further informationen: www.pinovacapital.com
Press contact:
Isabella Borth
Chief Marketing & Growth Officer
Email: presse@raynet.de
Beate Huttenloher
PINOVA Capital GmbH
Viktualienmarkt 8
80331 Munich
Deutschland
T: +49 (0) 89 1894254-40
beate.huttenloher@pinovacapital.com
Share press release:
PINOVA Capital invests in Raynet – A partnership with a common focus on growth and innovation
March 3th, 2021 | Press release
Raynet GmbH (“Raynet”), the global software vendor offering market-leading solutions and IT service provider in the field of Enterprise Software Management based in Paderborn, Germany, is embarking on a growth strategy with PINOVA Capital (“PINOVA”) as an investor by its side. PINOVA Capital is an independent private equity firm that invests in high-growth technology companies in German-speaking regions. The deal, which was closed on Monday in Frankfurt, enables Raynet to drive international growth and deliver its high-end solutions and products and its impressive portfolio of services for existing and potential customers to the market with accelerated speed.
As an innovative industry leader in Technology Asset Inventory, Software Packaging and Unified Endpoint Management, this partnership marks the beginning of a new era for Raynet. An era during which an ambitious growth strategy will now be consistently implemented after reaching a solid market position by the substantiated development of best-of-breed products and their placement on the market.
"Together with PINOVA, our future-oriented solutions will not only change the market, but absolutely revolutionise it. We aim to take advantage of the lead which we have gained over other competitors in this field, particularly in the area of Technology Asset Inventory and Software Packaging, and to establish our technology as a global standard for all enterprise customers and service providers."
Alongside the product development, the strategic alignment also focuses on internationalization and global expansion. In addition to the expansion within the European market, Raynet will concentrate on the company’s facilities in Tokyo (Japan) and Istanbul (Turkey) and will also expand its presence in the USA with the active support of PINOVA.
"Since its foundation, Ragip Aydin has developed his company Raynet into the technology leader in the Application Lifecycle Management area and has brought it on a sustainable growth path. Together with Ragip Aydin and his team, we want to continue this growth and further develop Raynet as a global software vendor and managed service provider, with a particular focus on Technology Asset Inventory and Software Packaging."
PINOVA has retained the expertise and know-how of the Managing Director and the team who have helped shape the company’s success. Ragip Aydin will continue to carry out his duties at Raynet as Managing Director following completion of the transaction and will remain with the company as a significant shareholder: “We are delighted to have found our perfect partner in PINOVA, an investor that has recognised our potential, shares our vision and will work with us to further develop the company and drive growth. The new partnership will also increase the relevance of our employees: They will be given the opportunity to participate in the successful future of Raynet.”
About PINOVA
PINOVA Capital is an independent private equity firm investing in growth technology companies in German-speaking regions. PINOVA Capital focuses on “Mittelstand” companies with sales between €10 million and €75 million in the sectors industrial technology and information technology, characterized by significant growth potential, sustainable competitive advantages and a strong market position in their niche.
Further informationen: www.pinovacapital.com
Technologies:
Press contact:
Isabella Borth
Chief Marketing & Growth Officer
Email: presse@raynet.de
Beate Huttenloher
PINOVA Capital GmbH
Viktualienmarkt 8
80331 Munich
Deutschland
T: +49 (0) 89 1894254-40
beate.huttenloher@pinovacapital.com
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