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01/07/2024

ProMark Secures Investment from Fortino Capital

Fortino Capital, a leading European investment firm specialising in fast-growing B2B software solutions, has invested in ProMark. This strategic partnership signifies a significant milestone in ProMark’s journey to becoming a leading European provider of cloud-based Workforce Management software.

ProMark is a leading vendor of SaaS Workforce Management solutions serving over 400 customers across 20+ countries, with more than 300,000 users relying on its software daily. ProMark's all-in-one solution enhances productivity and profitability for mid-sized to enterprise companies through advanced functionality in time and attendance reporting, absence and task management, and scheduling. With seamless integration with over 50 payroll, HR, ERP, and cloud systems, ProMark ensures a superior customer experience through user-friendly access and advanced analytics. Headquartered in Denmark with subsidiaries in Sweden, Norway, the UK, and Romania, ProMark employs over 85 people.

Fortino Capital's investment will enable ProMark to accelerate its growth and expand internationally, reinforcing its position as a leading provider of Workforce Management software. Managing two private equity growth funds and two venture capital funds, Fortino supports ambitious entrepreneurs across Europe from its offices in Belgium, the Netherlands, and Germany. This investment marks Fortino's first private equity growth investment in the Nordics.

Mazanti-Andersen acted as legal advisors to ProMark throughout the entire process with a team comprising Philip S. Thorsen, Jens Folker Bruun, and Kristian Thunbo Brander.