Press release -
Swedish SaaS company Pythagoras accelerates with Monterro
Leading Nordic software growth investor Monterro has acquired shares in, and added expansion capital to, software company Pythagoras.
Pythagoras offers an innovative cloud platform for property, real estate, and facility management. With investment from Monterro, Pythagoras can accelerate its growth journey.
- ”Monterro is the perfect partner for us”, says Peter Andersson, co-founder and CEO of Pythagoras. “The team’s expertise in, and experience of, developing software businesses will be invaluable. We’re really looking forward to taking the next step on our growth journey with them”.
Pythagoras digitalises workplace management
Pythagoras was founded on a clear mission statement – to digitalise the management of properties and facilities. To realise this, the company developed an integrated software platform for workplace management. The innovative platform simplifies facility operations, reduces costs, and energy consumption. It also gives customers the tools they need to analyse data and make more efficient, data-driven decisions.
- “We’ve followed Pythagoras for some time and been really impressed by the company’s innovation path and product development”, says Gustav Lagercrantz, CEO of Monterro and future chairman of the board at Pythagoras. “Developing an innovative and user-friendly product isn't easy, especially in a relatively conservative sector. And yet, Pythagoras has had steady growth for years. But what’s more exciting, is that there’s still a lot of potential to scale and develop the business further, both within the Nordics and internationally”.
Developing and scaling the business
Pythagoras has a strong position in the workplace management market in Sweden, Norway, and internationally. It also has customers in both the private and public sectors.
- “We are proud of what we’ve accomplished and the impact we’ve made on our customers’ businesses. The smart solutions we’ve created have enabled our customers to use their data to dramatically increase efficiency. For example, reducing their energy consumption”, says Peter Andersson. “Now we’re ready to take the next step – growing our customer base while improving satisfaction levels across the entire customer journey. With Monterro as a partner, we’ll get the capital and the expertise we need to scale efficiently and effectively".
Monterro supports with business development
Monterro is a hands-on partner, supporting its portfolio companies with strategy and resources.
- “Unlike traditional investors, we always work closely with the management teams and owners of the companies we invest in”, says Gustav Lagercrantz. “At Monterro, we all have extensive experience building and developing software companies. That means we’re very familiar with the challenges that arise across all phases of a growth process. We’re delighted to support Pythagoras on their journey ahead”.
Monterro has acquired a majority stake in Pythagoras, but the operational owners will reinvest all or majority of their shares and remain within the company.
For more information, please contact:
Gustav Lagercrantz, CEO of Monterro and future chairman of the board at Pythagoras +46 (0)70 734 74 11 | gustav.lagercrantz@monterro.com
Peter Andersson, co-founder and CEO of Pythagoras: +46 (0) 8 795 24 34 | peter.andersson@pythagoras.se
About Pythagoras
Pythagoras develops software solutions and services for managing strategic information within property, real estate and facility management. Our solutions are based on the latest software as a service (SaaS) technology, that help our customers digitalise their operations. Our Integrated Workplace Management System (IWMS) has an unique graphical 3D-model (GeoModel) that connects with all systems, regardless if it’s for technical or adminstrative management, cleaning management, leases or emergency plans. Our Swedish and international customers get superior quality and efficiency when managing strategic and tactical information within all areas of property, real estate and facilities. Pythagoras AB has a solid customer base in several sectors such as universities, service suppliers, large corporates, public sector and private companies. Pythagoras.se
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Monterro is the leading B2B software investor in the Nordics, with a mission to turn Nordic software companies into market leaders and global players within their niches. Our team has successfully developed and led companies such as Pointsec, Episerver and Orc Software – and we bring this operational experience to the Monterro portfolio, supporting the companies in all aspects of growth. We also bring significant financial commitment to our partnerships, with 30% of capital coming from our partners and employees.
