Dutch-based GovTech-software company xxllnc acquires Lost Lemon to expand its market position

Dutch-based xxllnc, a company that helps government organisations achieve goals such as managing a national crisis or providing facilities for residents locally, announced on Tuesday that it has acquired Lost Lemon, a consultancy firm based in Haarlem, the Netherlands. 

Lost Lemon provides innovative ICT solutions for social issues. An ICT solution embraces all of the software, hardware, data, people, processes, and methods for generating, distributing, storing, and managing information. Email systems, networks, learning environments, and student administration systems are a few examples of ICT solutions.

Software, consultancy and research for the social domain

Founded in 2006, Lost Lemon specialises in providing software that supports governments in the social domain. Besides the software, the company also offers consultancy support, i.e. technical advisory processes and implementations. They conduct research into hard-to-reach and vulnerable target groups.

Lost Lemon has a product portfolio with different solutions to support its customers. For instance, they provide e-forms, a citizen portal, an integration platform, and a solution to keep track of the compulsory education of students.

In addition, the company also provides the MensCentraal solution, which supports municipalities and ZBOs in implementing various social legislation such as the Youth Act, Participation Act, and Social Support Act. Lost Lemon claims to have built a strong position in the social domain with its reputation and innovative products.

Aim of this acquisition

xxllnc, which has purchased 100 per cent shares of Lost Lemon, looks to expand its market position. Also, this is xxllnc’s 10th acquisition within two years since investment by software investor Main Capital Partners.

Diana Koppenol, MD at Lost Lemon, says, “Together with xxllnc, we can achieve our ambition to grow faster with this collaboration. The intensive knowledge sharing and relationships are important conditions for this. We see great opportunities for our products, including the MensCentraal suite, as well as consultancy and research activities.”

Together, xxllnc and Lost Lemon will be able to service more clients and offer a wider range of products. In the coming years, the two businesses hope to further become the premier provider of creative, adaptable solutions for social problems to (semi-) governments. The company says that the key to this will be investments in software, people, service quality, and inventive strength. Due to synergy, scale, and investing capacity, the combined business will be able to provide better, wider, and more creative services.

CEO of xxllnc, Michel Veenhuis, says, “Lost Lemon’s experience in the social domain enriches our offer tremendously. The addition of Lost Lemon increases the range of applications from the xxllnc Cloud, but will soon also make new integrated combinations possible. Both with applications that are part of the social domain and beyond.”

According to a statement, the current shareholders and management of Lost Lemon, Diana Koppenol, Bas Huisman and Bas van Luxemburg, will become co-shareholders in xxllnc and will continue to form the management of the company within the social domain.

Brief about xxllnc

Founded in 2001, xxllnc (previously, Exxellence) is a spin-off from the University of Twente, and has grown into a software group that provides a wide range of solutions for (semi-) governmental organisations.

The company’s solutions support case management, data integration, taxes, social affairs, and spatial planning. Additionally, xxllnc also provides customers with assistance through secondments and consulting. 

xxllnc claims to be creating an environment where everything interacts naturally in order to advance govtech. Currently, the team’s headquarters are located in Hengelo, Amsterdam, Veenendaal, and Eindhoven.

xxllnc is a portfolio company of Main Capital Partners. Main Capital backs startups in the Benelux, DACH and Scandinavia region. The firm has more than €2.2B in assets under management and has invested in more than 130 software companies to date.