Asolvi Enhances Growth Prospects with Acquisition of Foxtag in Fire Security Software
In a significant move set to reshape the fire security sector, Asolvi, a renowned leader in field service management (FSM) software across Europe, has announced its acquisition of Foxtag GmbH, a rapidly expanding SaaS provider based in Hamburg, Germany. This strategic buy aims to leverage the strengths of both companies to enhance their offerings and provide exceptional value to their customers.
Founded in 2015, Foxtag has quickly developed a reputation as one of Germany's leading fire security FSM software providers, boasting a remarkable annual growth rate of over 30%. With its innovative platform already serving more than 600 clients, Foxtag's approach focuses on delivering a flexible, cloud-native solution that simplifies operations for fire security service companies.
Dirk Thiede, a co-founder of Foxtag, expressed excitement about the acquisition, stating, "From day one, we built Foxtag to transform how fire security service companies operate. Being acquired by a vertical specialist leader like Asolvi will allow us to scale our vision further and combine our strengths to unlock greater value for customers across Europe."
Niels Linnemann, another co-founder, echoed Thiede’s sentiments, highlighting that the union with Asolvi would empower them to innovate more rapidly and enhance their product capabilities significantly. “We can now focus on strengthening our leading position in the market,” he emphasized.
The fire security market is characterized by strong regulatory frameworks, low digitalization levels, and a significant opportunity for growth due to its fragmented landscape. Asolvi has positioned itself as a key player in this industry through its robust and expansive platform tailored to meet the needs of fire security specialists.
By integrating Foxtag's advanced cloud-based technology with its existing suite of fire security solutions, Asolvi plans to offer the most comprehensive range of products available in Europe. This enhanced capability is designed to bring customers more industry-specific functionality and increased deployment flexibility, ensuring they receive the best service possible.
Nick Barnett, the CEO of Asolvi, stated that "Foxtag is a remarkable addition to our portfolio. Their agile, cloud-first technology fits seamlessly with our existing solutions, greatly strengthening our position as the premier software provider for the fire security industry. Our aim is to offer customers a diverse range of options while ensuring they have access to best-in-class functionality."
Asolvi's majority shareholder, Volpi Capital, which has been closely monitoring Foxtag's impressive progress, expressed confidence in the acquisition. Fernando Piekenbrock and Erik Berggren remarked, "Having met Dirk and Niels back in 2020, we have long been impressed with their journey. Foxtag marks Asolvi’s 11th acquisition and the 6th under Volpi's ownership, further solidifying our commitment to expanding within the fire security space."
Founded in 1991 in Norway, Asolvi has transitioned from an organic growth model to a strategy focusing on acquisitions, leading to its dominance in the fire security, traffic management, and utilities sectors. With over 1,000 clients spanning more than 20 countries, Asolvi remains a trailblazer in driving digital transformation in the FSM market. With strengthening legislation and increasing demands for digital solutions in the fire security sector, the future looks promising for both Asolvi and Foxtag, as they aim to deliver unparalleled service and innovation to their customers.
Founded in 2015, Foxtag has quickly developed a reputation as one of Germany's leading fire security FSM software providers, boasting a remarkable annual growth rate of over 30%. With its innovative platform already serving more than 600 clients, Foxtag's approach focuses on delivering a flexible, cloud-native solution that simplifies operations for fire security service companies.
Dirk Thiede, a co-founder of Foxtag, expressed excitement about the acquisition, stating, "From day one, we built Foxtag to transform how fire security service companies operate. Being acquired by a vertical specialist leader like Asolvi will allow us to scale our vision further and combine our strengths to unlock greater value for customers across Europe."
Niels Linnemann, another co-founder, echoed Thiede’s sentiments, highlighting that the union with Asolvi would empower them to innovate more rapidly and enhance their product capabilities significantly. “We can now focus on strengthening our leading position in the market,” he emphasized.
The fire security market is characterized by strong regulatory frameworks, low digitalization levels, and a significant opportunity for growth due to its fragmented landscape. Asolvi has positioned itself as a key player in this industry through its robust and expansive platform tailored to meet the needs of fire security specialists.
By integrating Foxtag's advanced cloud-based technology with its existing suite of fire security solutions, Asolvi plans to offer the most comprehensive range of products available in Europe. This enhanced capability is designed to bring customers more industry-specific functionality and increased deployment flexibility, ensuring they receive the best service possible.
Nick Barnett, the CEO of Asolvi, stated that "Foxtag is a remarkable addition to our portfolio. Their agile, cloud-first technology fits seamlessly with our existing solutions, greatly strengthening our position as the premier software provider for the fire security industry. Our aim is to offer customers a diverse range of options while ensuring they have access to best-in-class functionality."
Asolvi's majority shareholder, Volpi Capital, which has been closely monitoring Foxtag's impressive progress, expressed confidence in the acquisition. Fernando Piekenbrock and Erik Berggren remarked, "Having met Dirk and Niels back in 2020, we have long been impressed with their journey. Foxtag marks Asolvi’s 11th acquisition and the 6th under Volpi's ownership, further solidifying our commitment to expanding within the fire security space."
Founded in 1991 in Norway, Asolvi has transitioned from an organic growth model to a strategy focusing on acquisitions, leading to its dominance in the fire security, traffic management, and utilities sectors. With over 1,000 clients spanning more than 20 countries, Asolvi remains a trailblazer in driving digital transformation in the FSM market. With strengthening legislation and increasing demands for digital solutions in the fire security sector, the future looks promising for both Asolvi and Foxtag, as they aim to deliver unparalleled service and innovation to their customers.
Topics Business Technology）
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