Target Information

The omneva Group has acquired a majority stake in CareCenter, Austria's leading software provider in the social sector, as well as Rair, a German expert in elderly care software. This strategic move significantly enhances omneva's customer base and geographical presence in Austria and southern and eastern Germany. Both acquisitions were finalized at the end of 2018.

CareCenter, with over 25 years of experience and currently servicing more than 400 clients, stands as the market leader in social services software in Austria. The company provides an innovative total solution for administration, billing, therapy, medical records, and care documentation. CareCenter specializes particularly in residential and outpatient elderly care, as well as assistance for individuals with disabilities and youth welfare. Its various innovative projects, including automated documentation of vital signs (telemedicine), integration of sensor data, and comprehensive ELGA (Electronic Health Record Austria) integration, establish CareCenter not only as a market leader but also as an innovation leader within the Austrian social market. Under the omneva Group, CareCenter is set to further expand its leading position in the sector, with the management team maintaining a significant stake in the business.

Industry Overview in Austria

The social services industry in Austria has experienced considerable growth in recent years, primarily due to an aging population and increasing demand for innovative care solutions. The sector has adapted to modern challenges by embracing technological advancements that facilitate more efficient operations and improve service delivery.

Additionally, Austrian legislation has favored the integration of technology in the social services sector to enhance the quality of care. Software solutions that streamline management and ensure compliance with regulatory requirements have become essential tools for service providers. As a result, companies like CareCenter, which focus on these technological innovations, are well-positioned to thrive.

The competitive landscape in Austria also offers opportunities for collaboration, as various players in the industry seek partnership arrangements to pool expertise. This trend fosters an environment where solutions can be co-created and adapted to better meet the needs of service users.

Furthermore, government policies are increasingly recognizing the vital role of technological integration in social services, ensuring further investment and support as the sector evolves. This upward trajectory spells success for local companies that continue to innovate and lead in software solutions.

Rationale Behind the Deal

The rationale for omneva Group's acquisition strategy revolves around enhancing its capabilities and positioning within the European social software market. By bringing CareCenter and Rair under its umbrella, omneva aims to consolidate its presence in key regions while integrating best practices in software development and client services.

These acquisitions allow omneva to diversify its product offerings and leverage CareCenter's existing client relationships and reputation within Austria and Germany. With increased expertise in elder care software, the group is better equipped to address the growing demands of the aging population and can expand its reach across central Europe.

Investor Information

The omneva Group is a significant player in the European social services software market, supported by investments from BID Equity and LFPI. With a strategic focus on consolidating expertise from diverse specialists in the social market, omneva seeks to enhance the collaboration between caregivers and those in need. The Group's vision emphasizes the human and goal-oriented interaction that technology can facilitate within social services.

Since acquiring Heimbas GmbH in 2017, omneva Group has been steadily building its portfolio through strategic acquisitions, thereby strengthening its market position. Their commitment to becoming a leading software provider in the European social services sector is further underscored by the extensive reach of their solutions, which already serve over 90,000 users daily.

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From an investment perspective, the acquisitions of CareCenter and Rair by omneva Group appear to be a promising strategy. By integrating two reputable players in the software industry, omneva significantly enhances its operational capabilities and market share in critical markets like Austria and Germany.

Moreover, as the demand for advanced technological solutions in elderly care grows, the timing of these investments aligns well with market trends. The comprehensive service offerings from CareCenter coupled with Rair's specialization create a robust platform for future growth.

With ongoing support from its financial backers, omneva is well-positioned to innovate further and lead in the sector. The combination of local expertise, established brand recognition, and an expanding client base establishes a strong foundation for continued success.

Overall, these strategic acquisitions could prove to be an excellent investment for omneva Group, provided they effectively harness the synergies of both companies and continue to push the boundaries of technology in social services.

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