Copenhagen, Denmark & Boston–(ANTARA/Enterprise Wire)–Queue-it, a world supplier of on-line visitors orchestration options, as we speak introduced that it has entered a definitive settlement for a majority funding from THL Companions (“THL”), a premier funding agency investing in middle-market development firms. Collectively, THL and Queue-it will concentrate on accelerating product innovation and increasing the corporate’s world attain.
Based and headquartered in Denmark, Queue-it helps enterprises and public organizations handle on-line visitors surges, shield digital infrastructure, mitigate bots and abuse, and ship truthful, dependable entry to essential on-line providers. Its platform is trusted by organizations all over the world and operates throughout ticketing, retail, authorities, monetary providers, and different mission-critical industries.
THL’s partnership with Queue-it builds on the agency’s longstanding funding concentrate on IT Operations & Information, which incorporates software program firms that assist organizations function, safe, and optimize more and more advanced digital infrastructure. As web visitors continues to develop and AI-driven exercise reshapes how organizations handle digital demand, THL believes Queue-it is nicely positioned to assist clients ship resilient on-line experiences.
“We’re excited to accomplice with THL as we enter a brand new chapter in Queue-it’s journey,” mentioned Jesper Essendrop, CEO of Queue-it. “THL brings deep expertise scaling world software program companies and shares our conviction within the alternative forward. Collectively, we’ll proceed investing in innovation, supporting clients all over the world, and strengthening our platform as organizations more and more look to handle advanced digital visitors.”
“Queue-it has constructed a formidable platform that helps organizations ship dependable digital experiences throughout their most crucial moments,” mentioned Jordan Welu, Managing Director at THL. “We imagine the corporate is nicely positioned to learn from the rising want for clever visitors orchestration, notably as AI adjustments the character and quantity of on-line visitors. Simply as importantly, we’ve deep respect for the tradition Jesper and the staff have inbuilt Copenhagen, and we’re dedicated to preserving the values and identification which have made Queue-it profitable. We sit up for partnering with the whole Queue-it staff to help the corporate’s subsequent section of development.”
“Queue-it exemplifies the kind of software program enterprise we search to accomplice with by means of our IT Operations & Information funding focus,” mentioned Lauren Wedell, Principal at THL. “The corporate has constructed mission-critical expertise for managing digital demand, and we’re excited to help the staff as they proceed to innovate, broaden internationally, and scale their influence for patrons all over the world.”
“Queue-it has been an excellent journey,” mentioned Lars Dybkjær, Managing Companion at GRO, the promoting shareholder within the transaction. “From its Nordic roots, the corporate has grown into a real world class chief, with a exceptional monitor document of development, enhancing profitability, and a staff that has executed exceptionally at each stage. It has been a privilege to accomplice with the founders and with Jesper and his administration staff by means of this chapter, and we’ve little doubt that one of the best is but to come back.”
THL will put money into Queue-it by means of its Automation Fund II.
Monetary phrases of the transaction weren’t disclosed. Closing of the transaction is topic to customary circumstances, together with receipt of required regulatory approvals.
Houlihan Lokey was monetary advisor and Bech-Bruun acted as authorized counsel to Queue-it. Freshfields US LLP and Plesner Advokatpartnerselskab acted as authorized counsel to THL.
About THL
THL Companions is a premier non-public fairness agency investing in middle-market development firms solely inside Healthcare, Monetary Expertise & Providers, and Expertise & Enterprise Options. THL {couples} deep sector experience with devoted working sources to construct nice firms of lasting worth in partnership with administration groups. For extra info, go to www.thl.com.
About Queue-it
Queue-it is a world supplier of on-line visitors orchestration options. Its expertise platform permits enterprises and public organizations to handle on-line visitors surges, shield digital infrastructure, stop abuse from bots and malicious actors, and ship truthful, clear and dependable on-line experiences. Trusted by organizations worldwide, Queue-it helps clients maximize efficiency and belief throughout their most business-critical digital moments.
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Supply: THL Companions
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