Varbi

August 2021

Target

Varbi is a leading best-of-breed recruitment platform provider in the Nordics and Benelux. The Company offers a comprehensive applicant tracking system (ATS) software solution to public sector, higher education and enterprise customers enabling organizations to improve candidate selections, increase workflow efficiency and involvement of relevant stakeholders throughout the organization. By building meaningful relationships with customers, employees, candidates and partners, Varbi has been one of the fastest growing ATS SaaS suppliers in the Nordics in recent years. The Company, headquartered in Trollhättan, was founded in 2007 and now has approximately 400 customers across Europe.

Buyer

Viking Venture invests in fast-growing B2B software companies with international potential, helping them scale up and reach their international potential. Viking Venture was founded in 2001 and now has over NOK 2.5 billion under management, headquartered in Trondheim, Norway.

Seller

Private investors and the company’s founders Magnus Mollstedt and John-Erik Hassel, who will acquire stakes in a newly formed HR software group, HR friend A/S .

Transaction

An exclusively negotiated transaction