Nalanda Buys Dokify

Nalanda

Nalanda, a Madrid, Spain-based provider of a supplier risk and compliance management software platform for the construction and adjacent industries, acquired Dokify, a Madrid, Spain-based provider of supplier risk and compliance management software solutions for non-construction sectors.

The amount of the deal was not disclosed.

With the acquisition, Nalanda will enhance its presence in non-construction sectors and expand its product suite. The addition of Dokify consolidates the company’s position in Spain by enhancing and building on the group’s growing presence in non-construction sectors. The combined group will have more than 70,000 customers across 16 countries, including Spain, Portugal, Poland, Norway, Italy, United Kingdom and France.

Founded in 2012 by Juan Medina, Dokify is an Occupational Health and Safety (OHS) Document Management and Supplier compliance platform with a market position across diversified sectors in Spain including distribution, industrials, energy, and logistics & transportation, amongst others.

Led by Juan Gil Radabán, Founder and CEO, Nalanda is a supplier risk and compliance management platform founded in 2000. It leverages intelligent cloud software to connect companies and suppliers using a digital platform that enables the exchange and verification of health and safety, due diligence, supplier validation, invoices and other business information, as well as providing solutions designed to ensure compliance with worker access, working time and e-invoicing legislation. The company operates in Spain, as well as in several European and Latin American countries. PSG Equity will remain as majority investor in the combined business having first invested in Nalanda in 2021.

FinSMEs

04/05/2023