July 5, 2018
GCA Altium advises Bexio on its sale to Mobiliar
GCA Altium acted as exclusive financial advisor to the shareholders of Bexio, the leading cloud-based business and accounting software solution provider for SMEs in Switzerland, on its sale to Mobiliar, a leading Swiss insurance company. This transaction reinforces GCA Altium's reputation as one of the leading M&A advisors in the software space.
With the acquisition of Bexio, Mobiliar – which is Switzerland’s oldest insurance company – aims to build on its strong position in the SME market by increasing its focus on the digital space. Bexio, in turn, will gain further momentum in its development as an SME platform.
Bexio offers cloud-based business software to Swiss small businesses and start-ups. Bexio's cloud software significantly reduces the administrative burden for SMEs, enabling them to concentrate on their core business. It covers the entire administration of an SME – including, for example, creating quotations, automated invoicing and reminders, integrated e-banking, product and warehouse management as well as online accounting with direct trustee access. Bexio, which is based in Rapperswil, Switzerland, and employs over 80 people, has experienced substantial growth over the last years and currently serves over 15’000 customers. Furthermore, in 2016 and 2017, Bexio was named Switzerland's best software start-up.
While Bexio will become a new subsidiary of Mobiliar, it will remain independent and not be integrated into the parent company. It is important for Mobiliar that Bexio retains its start-up character and is able to continue focusing on its own growth.
Jeremias Meier, CEO of Bexio, said: “With Mobiliar as our new owner, we ensure continuity and the backing of a renowned parent company with a strong brand. This is key for SMEs because they trust us with their core processes. The support of Mobiliar will give us added impetus to develop ourselves further as an SME platform that is able to efficiently meet the needs of its customers.”
The cooperation between Bexio and Swiss Life will continue under the new ownership structure.