Netsam acquires Semansys
In September 2019, Netsam Participations B.V. finalized another company acquisition in the Netherlands by buying the shares of Semansys Technologies B.V.
Dutch IT company Semansys is a leading supplier of software solutions for financial reporting and business monitoring on the basis of XBRL. XBRL is the international open source standard for digital business reporting. With the acquisition of this IT company, Netsam Participations has further strengthened its portfolio of innovative IT companies.
Semansys Technologies has rapidly become a market leader in the Netherlands for Standard Business Reporting (SBR). The XBRL-technology that Semansys utilizes, is used by large enterprises all over the world, including UNIT4 Business Software, UNIT4 Consist, Wolters Kluwer Financial Services as well as many others. The xbrlOne Platform has recentlty been used by more than 1,400 accountancy firms and hundreds of thousand companies for generating and converting over one million SBR/XBRL reports in PDF.
About Netsam Participations
Netsam Participations is a Dutch venture capital company with a strong focus on IT & innovation. This company invests in scale-ups with a minimum turnover of EUR 3 million per year that focus on a niche in the IT market. Netsam has made it its mission to bring these innovative companies to the next level with respect to business model, size and market position.
The buyer Netsam Participations has been assisted by Dutch corporate attorneys Lukas Witsenburg en Thomas Schutte. Penrose is a business to business law firm in Amsterdam, that specializes in company acquisitions the Netherlands as well as strategic legal advice, litigation and commercial contracts.