New Generation Software Group was sold to Visma
New Generation Software Group (NGSG), a portfolio company of IceLake Capital, is acquired by Visma. NGSG is a joint force of Genetics and Nazca. With the acquisition, Visma strengthens its position as a technology partner for government organisations.
Genetics (www.genetics.nl) has been providing total ICT solutions and services to the government since 1993. These solutions and services range from providing and implementing standard and customised software to training and supporting users. Genetics focuses primarily on the field of licensing, supervision and enforcement (VT&H). Genetics is the partner of choice for municipalities, provinces, government agencies, water boards, safety regions, regional executive agencies and other partnerships.
Nazca (www.nazcai.nl) provides innovative services tailored to selected markets, namely government, transport and logistics, and ground operations. These leading services contribute to the careful and complete conversion of location-related data into useful information — information that can be applied in the improvement of smart-city applications, transport and logistics, and the effective management of cables and pipes underground.
Through the acquisition, Visma (www.visma.com), backed by HgCapital, expands its presence in the government sector with its chain partners. Genetics and Nazca will operate independently within the Visma Group.
With this transaction PhiDelphi strengthens its track record in the technology sector, having previously acted as the exclusive advisor for more than thirty transactions including the sale of Visionplanner to Visma and Antagonist to One.com.