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Boyum IT Solutions acquires Danish software vendor Perfion, adding complementary capabilities to its portfolio and increasing the size of its addressable market

Posted on 5th May 2023

Brabrand, Denmark, 5 May 2023: Boyum IT Solutions (“Boyum”) is a global supply chain software vendor, with more than 12,000 customers in more than 100 countries. On 28th of April 2023 it agreed to acquire Perfion, a global software vendor specialised in Product Information Management (PIM) software. The Perfion product is highly complementary and will enable Boyum customers to manage complex product information and distribute it efficiently across all relevant go-to-market channels.

The acquisition supports Boyum’s strategy to increase its addressable market in both the Microsoft Dynamics and SAP Business One install bases. Perfion has 40 employees across Denmark, the U.S., Germany and the Netherlands. As a part of Boyum, Perfion will benefit from an extensive global network of software partners to drive the expansion of its state-of-the-art PIM solution.

Mikael Boyum, founder and CEO of Boyum IT, is excited about the joint opportunities: “I am delighted to bring Perfion’s PIM solution to our portfolio and enable our partners to drive additional sales with a focus on the revenue-generating buyer segments of their customers. We see great synergies, in terms of becoming an independent platform and strengthening our position in the SAP and Microsoft ecosystems worldwide. Perfion’s PIM solution holds the potential to enrich our existing solutions and boost our digitisation and automation journey. Finally, there is a strong cultural and value fit which will help the integration of the companies in both the short and the long term.”

Jan Nørret, CEO of Perfion, looks forward to leveraging these opportunities: “I see a lot of interesting opportunities with Perfion now being part of Boyum. We come with deep experience in the Microsoft ecosystem which will drive Boyum’s growth into this market. At the same time, Boyum’s success with partner sales and their global ERP partner network will bring our PIM solution to many customers around the world.”

Boyum is owned by Volpi Capital - a B2B tech specialist investing across Northern Europe. Volpi Capital is experienced in international expansion and buy-and-build, driving sustainable and profitable growth.

Marc Andreoli, investor at Volpi Capital, is looking forward to continued growth for the combined group going forward: “Boyum has excellent execution capabilities, having beat their own growth goals over the last three years of their partnership with Volpi. This highly complementary acquisition gives them access to a much larger addressable market, which they can sell to with a more holistic portfolio, via a larger network of ERP resellers.”

After the acquisition, the Boyum group total number of employees will exceed 180. Perfion’s personnel and management will continue as Boyum employees, with the existing leadership team assuming leadership roles in the Boyum Group.

For more information, please contact:

Boyum IT Solutions A/S: Mikael Boyum, CEO and Founder, tel. +45 28 40 97 30 or mbo@boyum-it.com

Perfion A/S: Jan Nørret, CEO, tel. +45 29 40 78 33 or jn@perfion.com