kgs enters its next phase of growth with Volpi Capital as new majority shareholder
Neu-Isenburg, 29 June 2026 – kgs, a leading provider of mission-critical, legally compliant archiving software, welcomes Volpi Capital as its new majority shareholder. GENUI and other existing shareholders will also remain invested and continue to support kgs’ next phase of growth. The shared ambition is clear: to accelerate international expansion, with a particular focus on the U.S.; to invest in go-to-market capabilities, channel partnerships and commercial leadership; and to deepen the product’s strategic position within the SAP ecosystem.
kgs serves over 375 customers with a mission to reduce compliance and data governance risk in enterprise environments. As enterprises increasingly adopt AI, legally compliant archives are emerging as the essential data backbone – turning what was once perceived as passive storage into a living, governed evidence layer powering the next generation of enterprise intelligence. kgs is uniquely positioned to further benefit from and contribute to this structural shift.
Winfried Althaus, CEO of kgs: “Together with GENUI, we have transformed kgs into a scalable company that blue-chip enterprises trust to manage their most critical compliance obligations. We have completed the transition towards a fully recurring revenue model, expanded our highly loyal customer base at industry leading customer KPIs, and successfully built the foundation for international growth. As we take the next step for kgs by accelerating our international expansion, Volpi Capital is a natural fit for us. We are excited for the future and with Volpi’s investment and support we are well positioned to continue to grow rapidly whilst continuing to deliver the reliability and precision our customers depend on.”
Sarah Kaiser, GENUI: “kgs exemplifies our distinct investment approach: a company with structural market tailwinds – driven by compliance requirements, the ongoing SAP cloud shift, and the growing strategic value of compliant archives in an AI-driven world – combined with a management team that has executed a textbook business model transformation. kgs’ strong customer relationships are a testament to the great company the team has built. Remaining invested as a minority shareholder reflects our continued confidence in the company’s future.”
Mark Sargeant, Volpi Capital: “Having known Winfried and the kgs business for more than eight years, we have followed its evolution closely and have developed strong conviction in both the business and the management team. kgs sits at the intersection of several core Volpi themes, including the SAP S/4HANA ecosystem and enterprise data governance. Demand for compliant enterprise archiving is non-discretionary and growing, driven by rising data volumes, tightening regulation, cloud migration, and the need for clean, secure, and accessible data. With those tailwinds, and a first-class product offering, now is the right time to invest in international growth and support Winfried and the team to build a global business of scale.”
GENUI invested in kgs in 2023 to support the development of a focused software platform addressing one of the most persistent compliance challenges in enterprise digitalization: legally secure, audit-proof document archiving. GENUI Entrepreneur Klaus Weinmann, long term founder CEO of CANCOM, has accompanied kgs since GENUI’s entry as Chairman of the Advisory Board, contributing his deep entrepreneurial experience.
About GENUI
GENUI is a private investment firm based in Hamburg and Zurich. It was founded in 2014 by renowned entrepreneurs and experienced investment professionals, who have been investing in companies for over two decades and supporting them on their growth paths. GENUI follows the approach of “Good Entrepreneurship”, combining attractive returns and positive impact. The more than 30 GENUI entrepreneurs (founders and owners of companies such as BioNTech, Fressnapf, Adecco, Cancom and others) are actively and personally involved in all stages of the investment process. The focus of GENUI is on investments in market leaders in health, environmental transformation, and digitalization. genui.de
About kgs
kgs is a leading provider of mission-critical, legally compliant archiving software for enterprises. Founded in 2000 and headquartered in Neu-Isenburg near Frankfurt, kgs serves more than 350 enterprise customers across the DACH region and internationally. The company’s software enables organizations to securely archive, manage, and retrieve documents within SAP and other ERP systems in full compliance with legal and regulatory requirements. With a strong focus on customer success and a highly recurring revenue model, kgs serves enterprises across the DACH region and is expanding internationally. kgs is committed to supporting its customers in navigating the transition to cloud-based ERP environments and reducing the compliance and data governance risks associated with this transformation. kgs-software.com
About Volpi Capital
Volpi Capital is a specialist pan-European lower mid-market private equity firm seeking to partner with ambitious businesses that use technology to disrupt traditional B2B value chains. As a thematic investor, Volpi typically invests €25-75 million of equity in businesses with enterprise values between €50 million and €200 million and seeks to drive transformative growth through investment in go-to-market capabilities, international expansion and consolidation. The firm, which was founded in 2016, closed its third fund (Volpi Capital Fund III) in 2024 with €428 million of commitments. volpicapital.com
Media contact::
GENUI: Sara Günnewig / sg@sguennewig.de / +49 178 854 9636
Volpi Capital: Estelle Sheanon / estelle@volpicapital.com / +44 78 1888 4157
