At what enterprise value was NETROM SOFTWARE acquired in 2023?

You can find the full valuation details of NETROM SOFTWARE on mynth capital. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the TMT (Tech, Media, Telecom) industry currently tracks an average EBITDA multiple of 14.4x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of NETROM SOFTWARE when it was acquired by INVESTCORP?

The exact EV/EBITDA multiple for NETROM SOFTWARE is available on mynth capital. For comparison, the TMT (Tech, Media, Telecom) sector currently shows an average EBITDA multiple of 14.4x. Join our community for free to access full valuation data and industry trends.

When was NETROM SOFTWARE acquired by INVESTCORP?

NETROM SOFTWARE was acquired by INVESTCORP in 2023.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the NETROM SOFTWARE acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the NETROM SOFTWARE deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.investcorp.com/investcorp-acquires-netrom-software/

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Home Database TMT (Tech, Media, Telecom)NETROM SOFTWARE

02/2023

INVESTCORP takes majority stake in NETROM SOFTWARE

NETHERLANDS IT Services / Consulting & Integration / Custom Dev REV 1m USD - 100m USD

Context

Investcorp Technology Partners has acquired a majority stake in NetRom Software. The transaction, announced in February 2023, follows a period of sustained revenue growth at NetRom and a history of collaboration with existing shareholders IceLake Capital and the company’s founders. ITP’s investment aligns with its strategy of backing high‑growth technology firms in Europe and expands its portfolio of software‑focused assets. The deal was structured as a majority equity purchase, with the founders and IceLake Capital retaining minority interests and governance participation. Advisory teams included PhiDelphi Corporate Finance and KPMG on the sell‑side and Willkie Farr & Gallagher on the financing side.\n\nFrom ITP’s perspective, the acquisition provides direct access to NetRom’s established delivery network of approximately 500 engineers and its client relationships across telecommunications, transportation and fleet management sectors. The firm intends to leverage its capital and operational expertise to accelerate NetRom’s expansion into additional verticals such as fintech and health‑tech, and to deepen its presence in North America. ITP also plans to enhance NetRom’s delivery platform through investments in automation, cloud-native tooling and talent development programs, thereby increasing utilization rates and margin profiles.\n\nPost‑transaction, NetRom is expected to integrate ITP’s strategic resources while maintaining its existing management team and corporate culture. The combined entity aims to broaden its service catalogue, introduce new pricing models and pursue acquisitions that complement its engineering capabilities. Anticipated outcomes include higher contract win rates in target markets, improved scalability of offshore delivery centres, and a stronger competitive position against regional software service providers. The partnership is projected to generate incremental revenue growth and expand the geographic footprint of NetRom’s operations over the next several years.

NETROM SOFTWARE, which reported an EBITDA margin of LOGIN in 2023, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (14.4x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

NetRom Software is a cloud‑first digital transformation and software engineering firm headquartered in Utrecht, the Netherlands. The company delivers end‑to‑end software development, integration and support services to a diversified client base that includes telecommunications operator VodafoneZiggo, mobility provider Transdev and fleet management firm LeasePlan. Its service portfolio comprises custom application development, platform migration, DevOps enablement, quality assurance and managed maintenance, all delivered through a delivery model that combines on‑site consulting with offshore execution. NetRom operates four delivery centres located in the Netherlands and Romania, employing roughly 500 engineers with expertise in Java, .NET, cloud platforms and agile methodologies. The firm generates revenue primarily from multi‑year contracts that embed recurring development and support fees, supplemented by project‑based engagements. Since its founding, NetRom has expanded its geographic footprint across Western Europe and North America, establishing sales and support functions in key markets to serve multinational customers. The company’s growth strategy emphasizes deepening relationships within existing verticals such as telecoms, transportation and automotive leasing, while pursuing new opportunities in fintech and health‑tech through targeted acquisitions and organic capability building. NetRom’s operational model relies on a combination of high‑skill talent acquisition, continuous training programs and a proprietary delivery platform that standardizes code quality, security and performance monitoring.

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REFERENCES

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of NETROM SOFTWARE by INVESTCORP are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Press release: view release

Target: netrom software

Acquirer: investcorp