DRS Investment acquires survey and assessment automation software specialist
Private equity investor DRS Investment (DRS) has completed its third software transaction by acquiring a majority stake in software specialist Electric Paper Evaluationssysteme GmbH (EPE).
EPE specialises in software solutions for conducting surveys that are automatically created, completed and evaluated. As one of the world's leading suppliers in this segment for 20 years, EPE offers software for the evaluation of university lecturers as well as for computer aided tests and examinations. With the help of its new shareholder DRS, EPE intends to systematically expand marketing and sales activities as well as develop the new business segment of cloud computing.
"We are convinced that in DRS we have found the right partner for a sustainable development of EPE," says Sven Meyer, former managing director of EPE.
Founder Lars Riemenschneider adds: "DRS has extensive expertise in the development of software companies. In addition to technical support in the further refinement of our software, I am pleased that DRS will also support us in our internationalisation efforts via its broad business network".
Electric Paper Evaluationssysteme, Lueneburg/Germany, was founded in 1996 by Lars Riemenschneider. Its “EvaSys Survey Automation Suite” is a high-end software product "Made in Germany", setting the industry standard in its segment. Reliable technology, first-class service, and customer-oriented support assure global user satisfaction. More than 20,000 users in more than 1,000 different organisations work with the EPE software daily.
Expansion of Cloud Computing, Marketing & Sales
DRS and EPE intended to expand into cloud computing, especially "Software as a Service" (SaaS). For product expansion additional funds will be made available. DRS and the management of EPE have set common aspirations of strengthening sales staff and expanding marketing efforts with the aim of covering new segments and regions.
The transaction was led by DRS founder and Managing Partner Dr. Andreas Spiegel and DRS Investment Partner Matthias Schneck, supported by DRS Operations Partner Dr. Sven Abels. The parties have agreed to not disclose transaction details.