December 2023

Advisor to Fellowmind on the divestment of Axtension to SignUp Software, backed by Insight Partners

ATRIUM acted as exclusive financial advisor to Fellowmind in connection with the divestment of Axtension to SignUp Software, backed by Insight Partners.

A portfolio company of FSN Capital, Fellowmind is a leader in digital transformation through tailored solutions. The company operates in six European countries, serving more than 2,500 customers globally across various industries.

Axtension is a leading independent software provider (ISV), dedicated to extending the capabilities of the Microsoft Dynamics 365 platform through seamlessly integrated add-on business solutions for accounts payable (AP) automation, document management, enterprise projects and shipment orchestration.

SignUp Software is an independent software vendor (ISV) currently operating from nine countries with more than 150 employees worldwide. Since its foundation in 1999, SignUp Software has built a solid reputation within Microsoft Dynamics with expertise within AP and the invoice process automation solution ExFlow. Globally, more than 1,500 customers use ExFlow to strengthen their AP and invoicing processes in more than 60 countries.

In May 2023, SignUp was taken private by US-based, tech-focused private equity investor Insight Partners. Insight is a global software investor partnering with high-growth technology, software, and internet startup and scaleup companies that are driving transformative change in their industries.

With this acquisition, SignUp Software expands the reach of its portfolio of ISV solutions for Microsoft Dynamics 365. This new constellation will provide an unrivaled offering for customers and partners.

Transaction type
Trade Value
Not disclosed
Software and IT