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Textkernel announces strategic acquisition by Main Capital to support its ambitious growth goals

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Amsterdam, September 29th, 2020
Textkernel announces a change in the ownership of the company, as CareerBuilder sells its ownership in the company to the Dutch investment firm, Main Capital Partners.  CareerBuilder and Textkernel will continue to work together, and have agreed upon a longer term partnership plan and license agreement.

Main Capital Partners is a strategic investor in the software industry based in The Netherlands.  With a strong focus on accelerating growth and generating business value in a diverse network of SaaS organizations across the Benelux, DACH and the Nordics, Main Capital Partners is an ideal partner to support Textkernel’s future growth strategy.

Over the course of its 20-year history, Textkernel has focused its efforts on building best-in-class document parsing as well as semantic search and match product offerings.  By developing technology that returns highly accurate results, Textkernel has gained a strong competitive position within its market. 

Textkernel has a significant customer base of the world’s largest staffing and recruitment firms that put Textkernel’s AI at the core of their operational processes to increase efficiencies that deliver customer and shareholder value. 

In recent years, Textkernel’s offering has become more interesting and relevant for the Corporate HR market that is looking to create business value by better operationalizing their talent acquisition, as well as enabling competitive advantage through better insights for talent management practices. 

Collaboration Textkernel and Main
-Current management team Gerard Mulder (CEO) and Guus Meijer (COO) will stay onboard and will remain shareholders of Textkernel.
-Together, Textkernel and Main will focus on autonomous growth and further development of the technology platform required to execute on its ambitious growth plans in the coming period.
-In addition, the combination will pursue a selective strategy for smart acquisitions in the broader HR software space.  

Gerard Mulder, CEO at Textkernel: “We are delighted to have the support of Main Capital Partners to drive our ambitious expansion plans for the future.  Despite the challenging economic context, we see ample runway for growth across diverse customer segments and geographies.  Having Main Capital as a strategic investment partner allows us to benefit from their deep expertise and diverse SaaS network.  We look forward to delivering on our vision as an AI provider for business leaders seeking innovative solutions to solve their most pressing talent acquisition and management challenges.”

Pieter van Bodegraven, Partner at Main Capital Partners: “Strong potential is visible in this particular part of the HR software market. We have known the management team of Textkernel for many years and are pleased with the opportunity to collaborate. We are impressed by the fact that the company is able to realize autonomous growth in a profitable way, while expanding internationally at the same time.

About Textkernel
Textkernel works with over 1,000 HR and staffing organizations worldwide to bring the latest in artificial intelligence technology to our customers’ fingertips. We work with large, global companies across multiple industries to deliver multilingual parsing, semantic search and match, and labor market intelligence solutions.

About Main Capital Partners
Main Capital is a strategic investor with an exclusive focus on the software sector in the Benelux, DACH and Nordics. Main has a long term horizon around successful partnerships with management teams, with the aim of building larger software groups together. Main has approximately € 1 billion in assets under management for investments in mature and growing software companies.
Main Capital’s current portfolio includes fast-growing software and SaaS software companies such as Exxellence, WoodWing, Alfa, Optimizers, Assessio, GBTEC, Onventis, HYPE Innovation, cleversoft, Enovation, SDB Group, Jobrouter, GOconnectIT, Inergy, KING Software, Artegic, OBI4wan, b+m Informatik, ChainPoint, Sofon and RVC. Successful former companies that have grown significantly under Main’s leadership: Connexys (HR software), Roxit (government software), Axxerion (facility management software), Ymor (APM software), Onguard (credit management software) and TPSC (healthcare GRC software).

For more information, please contact:

Charly Zwemstra (Managing Partner)
Main Capital Partners B.V., Paleisstraat 6, 2514 JA, Den Haag
Tel: +31 (0) 70 324 3433 / +31 (0) 6 5127 7805
charly@main.nl
www.main.nl

Gerard Mulder (CEO)
Textkernel B.V.
nieuwendammerkade 26A-5, 1022 AB Amsterdam
Tel: +31 (0) 20 494 2496
mulder@textkernel.com
www.textkernel.com

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