Netherlands-based Zig, a company that claims to be the market leader for software solutions in the real estate industry, announced on Tuesday, November 15, that it has acquired another Dutch software company Casix. The acquisition was supported by Main Capital Partners.
According to Zig, with this deal, it has strengthened its market position and brought in an experienced and reliable partner in the field of digitalisation and streamlining of complex change of tenant and maintenance processes. Casix is Zig’s second strategic add-on since Main’s investment in November 2021.
What does Casix offer?
Founded in 2014, Casix is a provider of cloud solutions for housing associations. The company provides a wide range of web portals and mobile apps to support field personnel and chain partners as well as self-service for renters.
Casix’s platform connects both contractors and housing associations. All important matters are recorded in this digital repository including the specific task, expected delivery date and lists of required materials.
With its tenant transition process solution, the company makes it easier for organisations and contractors to streamline maintenance procedures. In addition to connecting more than 75 contractors to its platform, the company serves more than 50 associations.
Some of its clients include Mitros, Beter Wonen Almelo, Eigen Haard, Ymere, Vecht & Omstreken, Woonbron, De Variabele, and Hemubo. Currently, about 25 people are working with Casix.
Aim of this acquisition
Zig and Casix have a shared goal for the housing association- and the wide real estate sector: to digitally transform the chain procedures relating to tenant change and “repair” for staff, clients, and chain partners.
Together, Zig and Casix aim to automate procedures and maximise tenant engagement. As a result, renters will be better informed and staff will have easier access to accessible information, resulting in increased productivity and customer satisfaction.
Gerbert Kooij, director of Zig, says, “Casix’s maintenance platform complements Zig’s product portfolio in many ways. Jointly, they cover for instance the entire change of tenant process. The acquisition offers many useful integrations between Casix’s change of tenant process app and Zig’s housing system. The aim is to inform home seekers even better about the current status of a vacant home. In addition, tenants will soon be able to follow the repair request process completely. This is a win-win situation for all parties involved.”
The whole Casix staff has been integrated into Zig’s organisation. With this deal, Zig not only adds a software platform to its existing portfolio but also recruits qualified staff. With Casix’s arrival, Zig currently employs about 150 people.
Remco van Niekerk, Partner at Casix, says, “Casix and Zig are clearly complementary, both in terms of product portfolio and in terms of technology, 1 + 1 = 3 really applies. I also see a real fit in the culture of our companies, where we also add international experience. I am very proud of what we have achieved with Casix and I am convinced that the combination with Zig gives a new dimension to the development of software for all parties in the change of tenant process and maintenance chains.”
Brief about Zig
Founded in 2011, Zig claims to be a leader in the associations and commercial real estate market. Over 160 different companies use the software that Zig offers as a service. Currently, there are about 125 people working for the firm.
Some of its clients include De Alliantie, Rochdale, Sociale Verhuurders Haaglanden, DUWO, Mooiland, Klik voor Wonen, Thuis in Limburg, Elkien, Bouwinvest, and A.S.R.
About Main Capital Partners
Main Capital Partners is a software investor in Benelux, DACH and the Nordics. The firm carries nearly 20 years of experience in strengthening software companies and says that it works closely with the management teams of its portfolio companies as a strategic partner to realise sustainable growth and build ‘excellent’ software groups.
Currently, the company has over 60 employees who work from offices in The Hague, Stockholm, Düsseldorf, Antwerp and the USA (Boston). The firm has over €2.2B in assets under management and claims to have invested in more than 150 software companies to date. In turn, these companies have created approximately 9000 jobs.