Leanix buys up competitors

Lisa Marie Münster Lisa Marie Münster | 25.03.2021

Just last year, the Bonn-based start-up received a valuation of 450 million euros, and CEO Christ does not rule out an IPO. Now Leanix is buying up its competitor Cleanshelf and integrating the service into its own offering.

Slack, Zoom, Teams, and many other SaaS offerings are winners in the Corona pandemic. As a company, keeping track of how your employees are using the various products is difficult. This is where Leanix comes in and wants to create order. The Bonn-based start-up sees itself as a kind of "Google Maps for IT". Now Leanix has bought up its competitor Cleanshelf, which is based in the USA and Slovenia. Leanix is paying "a mid-double-digit million amount" for it, as founder and CEO André Christ tells Handelsblatt

.

"Cleanshelf SaaS Management and Leanix Application Portfolio Management complement each other perfectly," is how Christ assesses the merger. Cleanshelf offers a fully automated view of all SaaS applications of a company. For example, credit card spending by employees is read and thus seen when a SaaS application is used by many, making it a good idea to purchase a license for the entire company.

In the U.S., Leanix is adding Cleanshelf's San Francisco and Denver locations to an office in Boston. Already, the Americas business accounts for 40 percent of revenue, and the addition of the locations shifts the focus even further.

Cleanshelf's founder and CEO, Dusan Omercevic, will lead the Ljubljana office as Managing Director and will be involved in product development. "We are very excited to become part of the Leanix family," says Omercevic. Cleanshelf's product will be available to Leanix customers starting April 1.

So far Leanix is not profitable, last summer the company was valued at 450 million euros. In early 2020, Leanix was able to raise $80 million in a Series D financing round, the main investor was Goldman Sachs. Thus, Leanix has an experienced partner for possible IPOs at its side, Christ does not want to rule out this step for his company.


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