Ardian acquires stake in Mimacom Flowable Group, a specialist in digitalization services, hyperautomation and low code software

Ardian, a world-leading private investment house, has agreed to invest in the Swiss Flowable Holding AG (“Mimacom Flowable Group”) alongside the management team, led by CEO Agim Emruli, to support the Company in implementing its growth strategy.

Headquartered in Bern, Switzerland, the Mimacom Flowable Group specializes in services, software development and digital transformation, cloud, and data consultancy for well-known blue-chip customers in the manufacturing, finance, insurance and life sciences sectors. With Flowable, the Company also offers its own low-code software platform for the automation and digitalization of business processes. The Group has more than 500 employees across 10 locations worldwide, including in Switzerland, Germany, Spain, the US, and Poland.

Hyperautomation involves the systematic and holistic automation of a company’s entire business processes using a wide range of technologies and methods. One of Mimacom Flowable Group’s core products is the low-code software application, Flowable Work, that enables customers to create software applications to automate processes largely without software development knowledge using intuitive interfaces that feature drag-and-drop tools. This reduces the customer’s reliance on developer capacity and lowers costs for project planning, and staff training and development, while significantly shortening the time to market for new digital services and products.

The management team - led by Agim Emruli (Group CEO and CEO Flowable), Alain Sahli (CEO mimacom), Tim Weinmann (CRO mimacom) and Micha Kiener (Founder and CTO) - will continue to manage the company’s operations. With the support of Ardian, the Group plans to drive its growth through entering new markets, growing its customer base and targeted acquisitions of IT service and business process automation companies.

“The Mimacom Flowable Group combines the technology of a strong software platform for automation processes with the expertise of an experienced digitalization expert in the implementation of software projects. This offers our customers a comprehensive one-stop solution that can be integrated into any company environment. With Ardian, we have found a partner that understands our market and our business model and will support our international expansion. Together, we are excited to further accelerate our growth strategy.” Agim Emruli, Group CEO Mimacom Flowable Group

“Digital transformation continues to be one of the major challenges facing companies worldwide. The markets for digitization, hyperautomation and low-code platforms are generating double-digit annual growth rates, but at the same time they are still highly fragmented. As a leader in these areas, Mimacom Flowable Group has fast growth potential and will actively participate in the industry’s consolidation thanks to its excellent management team, compelling strategy and strong customer base. We look forward to working with the management team.” Marc Abadir, Managing Director Expansion, Ardian