Engagement — Platform Due Diligence
Code & Co. provides Tech & Product Due Diligence to BU, ahead of their partnership with Uniconta A/S, a leading Danish provider of a cloud-based, all-in-one accounting and Enterprise Resource Planning (ERP) system for small and medium-sized businesses.
Funds advised by BU have acquired a majority stake in Uniconta A/S, including its two distributors in Germany and the Netherlands. Uniconta’s founder Erik Damgaard will remain a significant shareholder with a large equity stake and, as CTO, will continue to lead the development of Uniconta. Together, the new partners aim to further fuel Uniconta’s strong success in its home market Denmark, and to further accelerate its growth story into other European countries, with the goal to become a major player there as well.
Scope of Work
Code & Co. reviewed Uniconta’s ERP platform, assessing its desktop-first architecture, infrastructure, and Microsoft-based technology stack. The review included an analysis of the system’s integration capabilities and security framework.
Furthermore, Code & Co. evaluated the company’s product roadmap, partner-driven ecosystem, and scalability within its hybrid desktop and web environment. The due diligence also encompassed an assessment of the engineering organization, software development lifecycle, and quality assurance processes.
About Uniconta A/S
Uniconta A/S was founded in 2015 by IT entrepreneur Erik Damgaard. The company develops and sells the cloud-based, all-in-one accounting and ERP system Uniconta, which is targeted at small and medium-sized businesses. Today, Uniconta"s solutions are used in 67 countries by more than 45,000 companies. Erik Damgaard was also a co-founder of Damgaard Data in 1984, which was sold to Microsoft in 2002 for a multi-billion DKK sum.
About BU
BU is a leading investment firm with offices in Zug, Munich, Milan and London. With €7.0bn in capital raised to date, BU is the largest mid-cap investor headquartered in the DACH region. The funds advised by BU invest in mid-sized companies based in Germany, Switzerland, Italy, and Austria. With the mission to be the partner of choice for entrepreneurs and family-owned businesses, BU seeks to partner with market leaders and “hidden champions” with strong management teams and breakout potential. Since its founding in 2015, the funds advised by BU have invested over €3.5 billion in more than 150 companies with more than 29,000 employees. Thereby, more than 10,000 jobs have been created. BU supports entrepreneurs and families as a strategic partner to develop, internationalize, and digitize their businesses, while helping them generate sustainable value on a responsible basis with the next generation in mind. For more information, please visit www.bu-partners.com or find them on LinkedIn.