's-Hertogenbosch, April 28, 2022 - BCS announces today that it has sold a majority stake to software investor Main Capital Partners. With Main's support, BCS aims to further expand its strong position in the Human Capital Management market in the Benelux.
BCS has over 40 years of experience in providing essential HR and payroll software solutions and services. The company has an extensive product offering including solutions for payroll, time tracking, workflow management and employee scheduling. After acquiring Polaris in 2019, the product offering was further expanded, allowing BCS to accelerate its SaaS business and offer integrated HR software solutions.
BCS has a unique position within the HR and Payroll market segment, providing both software and support services to small and medium-sized businesses in the Netherlands. The solutions are served to more than 2,300 customers within the Dutch market.
Continued growth in the HR and Payroll market segment
Within the HR and Payroll market segment, there are many growth opportunities for BCS. Although quite mature, the Human Capital Management market is a stable and fast-growing market with several consolidation opportunities. Payroll and HRM are among the most interesting software segments with high growth potential as effectively managing human resources becomes more important due to high cost pressures, increased demand for employee well-being and high fluctuation of talent.
Main has extensive experience in the Payroll and Human Resource Management market through previous investments in Germany, the Netherlands and Sweden, such as Perbility (HR software), SDB in the Netherlands (HR payroll solutions for healthcare institutions), Textkernel (AI software for HR) and Assessio (e-assessment tools and talent management). This experience and market knowledge will be used to support BCS in its next phase of growth.
Joep Eijkens, CEO of BCS, explains:
"We have developed BCS independently over the past period, focusing on innovating the software and increasing our market share. Through autonomous management and a number of complementary acquisitions, we have been able to establish a strong market position. With Main's support and expertise, we can now set new growth records and offer our customers an even more complete and innovative product range."
Charly Zwemstra, CEO at Main, said, "We are excited about this strategic partnership with the strong management team at BCS. Together we will explore various growth opportunities within the currently active sectors, as well as through expansion into adjacent sub-segments, to further strengthen its position in the broader human resource software market."
