Euronext, a prominent European capital market infrastructure, has recently made a significant move to enhance its Software as a Service (SaaS) portfolio by acquiring Admincontrol, a leading provider of governance and secure collaboration solutions in the Nordics and the UK. This strategic acquisition aligns with Euronext’s ambitious plan, “Innovate for Growth 2027,” which aims to expand its SaaS offerings and boost subscription-based revenues.

Admincontrol, established in 2005 and based in Oslo, specializes in delivering board management software and transaction management solutions critical for effective decision-making processes. With over 4,000 clients and 200,000 users, Admincontrol has shown robust growth, reporting substantial revenues and EBITDA over the past five years. This acquisition not only bolsters Euronext’s governance services but also diversifies its capabilities with cutting-edge solutions that cater to essential workflows.

The synergies between Admincontrol’s product suite and Euronext Corporate Solutions create a compelling strategic fit, opening avenues for new client acquisition and cross-selling opportunities. Particularly, Admincontrol’s strong presence in the Nordics will enable Euronext to strengthen its foothold in the region, building upon previous acquisitions and expansions in the area.

The financial aspect of the deal involves a cash transaction amounting to a substantial enterprise value. Euronext expects the return on capital employed (ROCE) to surpass the weighted average cost of capital (WACC) within three to five years post the deal’s closure, in line with its capital allocation strategy. The acquisition is slated for completion in the second quarter of 2025, pending customary regulatory approvals.

Euronext Corporate Solutions, a subsidiary of the Euronext Group, operates as a prominent B2B SaaS and service provider, catering to governance, compliance, and investor relations needs. With a client base spanning 30 countries, Euronext Corporate Solutions has witnessed robust growth, generating significant revenue in the previous year.

Stéphane Boujnah, CEO of Euronext N.V., expressed enthusiasm about the acquisition, emphasizing its role in advancing Euronext’s SaaS business and subscription revenue share. This strategic move positions Euronext Corporate Solutions as a key player in the governance SaaS sector, enhancing market access in the Nordics and driving growth opportunities.

The sentiments were echoed by Merete Hverven, CEO of Visma, acknowledging Admincontrol’s exceptional performance and the value it has brought to Visma’s portfolio. The transition to Euronext is seen as a natural progression for Admincontrol, offering new growth prospects and aligning with Euronext’s vision for governance solutions in the region.

In conclusion, the acquisition of Admincontrol signifies a pivotal moment for Euronext, propelling its SaaS capabilities and market presence to new heights. With a focus on innovation and strategic expansion, Euronext is poised to leverage this acquisition to deliver enhanced governance solutions and drive sustainable growth across European markets.