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Valsoft enters MPS Market with MPS Monitor and Euroform acquisitions

Canada-headquartered Valsoft acquired two European device management software solutions companies — MPS Monitor srl., headquartered in Italy, and Euroform A/S, headquartered in Denmark.

Valsoft specializes in acquiring and developing software companies in “vertical markets” and has now entered the managed print services (MPS) vertical, offering remote monitoring and management and MPS SaaS solutions targeted at the channel players that sell MPS.

Valsoft focuses on developing the business of SaaS solutionsproviders in niche markets, where the latter has displayed strong growth potential — that is, growing significantly faster than the market average. Typically, it would aim to invest in companies of $2 million to $10 million in annualized revenues, and with 10 to 100 employees, as a starting point.

Valsoft viewed the MPS software market as a potential opportunity and had approached several companies, including MPS Monitor, as potential acquisition targets. Having opened an office in the U.K. in 2021, MPS Monitor had also publicly expressed an interest in expanding into the Nordic market and was also in discussions with Euroform about a potential merger or acquisition.

This IDC Link discusses the acquisition of two Europe-headquartered companies.