DL Software

Sector: Technology

A specialised Enterprise Resource Planning (ERP) software provider addressing niche markets

Business Overview

  • Founded in 2003, DL Software is a specialised Enterprise Resource Planning (ERP) software provider addressing niche markets
  • The company is organised into eight subsidiaries covering four main business sectors; healthcare, wholesale, tourism and retail

  • DL Software provides turnkey solutions (editing, integration, maintenance and training) in addition to specific modules helping businesses to increase sales per client and win new customers

Investment Thesis

  • Leading market position in its niche markets (e.g. laboratories and dental clinics)

  • Clear visibility on revenues through recurring annual subscriptions and a stable client base

  • High barriers to entry created by longstanding customer relationships and substantial R&D costs

  • Successful track record in add-on acquisitions with more than 12 completed over the last 13 years