Business description

To-Increase is a leading developer of SaaS business application software based on Microsoft ERP solutions for the discrete / process manufacturing and equipment rental verticals. It serves a global (45+ countries) and diversified (2.2k+) customer base, primarily through a network of 250+ channel partners. As an Inner Circle Partner (top 1%) for 14 years in a row, To-Increase is widely recognized as a top 5 global independent software vendor (ISV) in the Microsoft ecosystem.

Investment thesis

Following the carve-out, To-Increase aims to further grow cloud sales by i) winning new customers on the back of rapid cloud ERP growth with Microsoft outpacing the market, ii) converting the existing user base to cloud, and iii) expanding its offering through M&A. To-Increase will significantly expand its sales force to further activate its channel partner network as well as its existing user base.