Netherlands-based CERRIX, a company that specialises in Governance, Risk, and Compliance (GRC) software, has secured fresh funding from Fortino Capital, a European investor focused on B2B software and ICT. The funding amount, however, remains undisclosed.
Fortino Capital, with existing investors, backs CERRIX to boost its growth and global reach.
The investor provides guidance to the founder and team and helps in international expansion, leveraging their expertise. They also explore acquisitions for growth. This investment is Fortino’s fifth in its Growth Private Equity Fund II.
Jeroen Van Godtsenhoven, Partner at Fortino Capital, says, “We believe there are tremendous opportunities in the GRC software market. CERRIX’s technology meets the highest standards and provides a strong foundation to create a lot of significant value for its users. We are excited about this investment and have high expectations.”
Helping companies mitigate crucial risks
Founded in 2014 by Paul Bruggeman, CERRIX offers software solutions for Governance, Risk, and Compliance, featuring integrated tools for business process management, risk and compliance management, and audit.
The company’s action-oriented features help in risk management, with integrations with other systems.
With increasing demands due to regulations like DORA, GDPR, AI-act, NIS2, and ESG, compliance is crucial, mandated by law. CERRIX’s software ensures the proper functioning of organisations and processes, simplifying a complex task.
The company claims that its software is used by banks, insurance firms, pension funds, and accountants, including a.s.r., de Goudse, Grand Thornton, BDO, and pension funds like Heineken, ABN-AMRO, and Ahold-Delhaize. CERRIX is also expanding into other sectors gradually.
Based in The Hague, the Dutch company serves over 14,000 users across more than 20 countries and has an annual growth rate of over 40 per cent.
Founder Bruggeman says, “We are entering the next phase of our company’s development. Our team has been able to build state-of-the-art software that enables the various GRC stakeholders within an organisation to collaborate efficiently and quickly understand risk profiles.”
“To meet the high market demand, we need to strengthen CERRIX. We are convinced that with Fortino we have found a partner who shares our vision and ambitions and can bring a lot of knowledge and experience through its portfolio of SaaS companies.”
Brief about Fortino Capital
Fortino Capital is a European investment firm focusing on growing B2B software solutions. Managing two private equity growth funds and two venture capital funds, it supports ambitious entrepreneurs across Europe from offices in Belgium, the Netherlands, and Germany.
The firm’s private equity growth portfolio includes companies like Addactis, VanRoey, and BizzMine, while its venture capital portfolio includes Vertuoza, TechWolf, and Salonkee, among others.
