Qics expands its position in the Project & Project Management (PPM) market with strategic acquisition of Fortes
29-02-2024
The Hague, 29 February 2024 – Qics is proud to announce the acquisition of Fortes, a leading software specialist in the field of Project & Portfolio Management (PPM). This is Qics' second expansion since the start of the collaboration with Main Capital Partners two years ago. Following the recent acquisition of the Danish PPM company ProjectFlow by Qics, the acquisition of Fortes builds on Qics' strategic vision to expand its expertise in Project Portfolio & Strategic Portfolio Management. The collaboration between Qics, ProjectFlow and Fortes results in a combined best-of-breed software proposition, with a complete suite of modules for the end customer.
Founded in 1997, Fortes develops a software platform that enables clients to optimize their Change Governance and strategic planning at C-level. The software provides comprehensive insights into capacity and progress, minimizing costs and risks. Fortes has a strong market position with clients such as Friesland Campina, Vopak and the Dutch Tax and Customs Administration.
Through the complementary offerings of Qics, ProjectFlow and Fortes, the combined company will support customers with a complete suite of functionalities and a wide range of integration options, including Microsoft 365. ProjectFlow already has a far-reaching integration with Microsoft, and Fortes is developing a complementary product with Fortes 365. In addition, it is expected that customers will be able to make use of Qics' deep-rooted Power BI dashboarding capabilities within the joint PPM offering. This enables customers to use data across systems/projects and enable comprehensive portfolio reporting, with visibility into progress and costs for both internal and external projects.
Eddy Plasier, CEO of Qics, says: "This collaboration is all about our ambition to internationalise. By integrating Fortes and ProjectFlow into our strategic vision, we are not only expanding our PPM offering, but also actively contributing to our growth in Northwest Europe. This partnership will enable us to serve a wider customer base and reinforces our commitment to providing outstanding Project & Portfolio Management solutions."
Sander Nijenhuis, founder of Fortes, adds: "This partnership underlines the interplay between Qics and Fortes, joining forces to provide a holistic Change Governance and Planning solution. The partnership enhances our joint ability to meet the diverse requirements of both public and private clients and solidifies our position as leaders in the developing Northwest European PPM landscape."
Ivo van Deudekom, Investment Director at Main Capital Partners, concludes: "With this milestone, we are committed to further strengthening the capabilities and growth of the combined company. We believe that Fortes' strategic portfolio management capabilities are an excellent springboard for Qics' continued growth to become a leading player in the Northwest European PPM landscape."
