Success Story: Spain’s Software Portal Softonic

Success Story: Spain’s Software Portal Softonic

Success Story: Spain’s Software Portal Softonic

Spain’s Softonic certainly ticks all the success story boxes! With its innovative, prize-winning technology and its international profile, which extends as far as China and Japan, the company is also in demand by top investors.

Last February, global private markets investment fund Partners Group acquired 30 per cent of the Barcelona-based technology firm in a deal valuing the company at some 275 million euros.

And plans for a stock market listing in three to five years will ensure Softonic is in many more foreign investors’ portfolios.

So what’s all the buzz about? Well, perhaps one of the most interesting facts about Softonic is its origins as a final-year university-degree project of its founder, entrepreneur Tomas Diago.

He began developing his baby at just 22, and 15 years later the company is now a global top 40 Internet business and an undisputed market leader. Softonic is an inspiration for any Spanish start-up!

SOFTONIC: SPAIN’S HIDDEN CHAMPION

Softonic is a multiplatform software guide where the most complete and comprehensive information about programmes, mobile apps, games and web applications can be found. It allows users to explore, download and manage software applications on multiple devices in more than ten different languages.

The company connects more than 140 million monthly users with a varied portfolio of software and apps distributors. With a staff of over 350, Softonic has offices in Barcelona, Madrid, San Francisco, Shanghai and Tokyo.

Partners Group’s decision to invest in the Spanish firm was driven by Softonic’s pole position in an online segment, which is tipped for strong growth in the future. And last year, Softonic was one of a select group of enterprises that received a prestigious award from Europe’s 500, the European association for growth and entrepreneurship.

Europe’s 500 has described Softonic as one of the region’s “hidden champions.”

SOFTONIC RESTRUCTURES AHEAD OF FUTURE IPO

With its sights fixed on a future initial public offering (IPO), Softonic simplified its business structure last May to cut costs and increase efficiency. It merged its Intershare division, previously in charge of operations in Spain and Latin America, with Softonic International, in charge of the US and the rest of the world.

An IPO on the Nasdaq – the second-largest stock exchange in the world by market capitalisation – is a medium-term possibility for the Spanish technology firm, which also plans to open an office in New York.

The final choice for the listing will depend on market conditions.

Nearer-term goals for Softonic include increasing its influence in markets like Japan and China, as well as create new products and services. The funding provided by Partners Group will be an invaluable support.

For information on Spanish success stories, contact corporate law firm Argali Abogados.

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