OpusCapita appoints a new CEO to lead continued growth and transformation
Helsinki – 21. September 2020: OpusCapita Solutions Oy (“OpusCapita”), a leading European provider of Source-to-Pay and Business Network solutions, backed by Providence Strategic Growth (“PSG”), the growth equity affiliate of premier global asset management firm Providence Equity Partners, today announced that Øivind Kirksæter has been appointed as Chief Executive Officer of the Company, effective September 10th. He replaces Patrik Sallner, who has stepped down to pursue other opportunities.
“On behalf of the entire Company and Board, I would like to thank Patrik for his innumerable contributions since joining in 2015,” said Edward Hughes, Managing Director at PSG. “Patrik transformed OpusCapita into a leading European provider of source-to-pay and e-invoicing solutions. He leaves the company in a strong position and we are grateful for his hard work and dedication. We wish him all the best with his future endeavours.”
“At the same time, we are pleased to welcome Øivind as Chief Executive Officer. Øivind has deep experience leading technology-focused businesses to achieve their full potential, as well as a solid understanding of OpusCapita and its unique opportunities. We continue to see strong tailwinds to build on the source-to-pay strategy and are confident that Øivind and the rest of the leadership team will guide the business through its next phase of growth, creating significant value for customers, employees and investors.”
Mr. Kirksæter is a highly experienced executive whose background includes various leadership positions in the financial technology sector. He most recently served as CEO of the Norway operations of Accountor, a pan-Nordic provider of financial and HR of software solutions. In this role, Mr. Kirksæter was responsible for leading over 650 employees across 72 offices and franchises. Previously, he was the CEO of FARA AS, a supplier of automatic fare collection solutions for public transport systems, during which time he led the company to achieve profitability for the first time in its history, as well as market leadership in the Nordics. Earlier, he was the CEO of Visma Unique for 3 years, helping the company expand its revenues and employee base substantially, and successfully integrated several strategic acquisitions. He graduated from the Norwegian University of Science and Technology with a Master of Science degree in Engineering.
Øivind Kirksæter, CEO of OpusCapita, said, ‘I am thrilled to join OpusCapita and look forward to working with the talented and experienced team to continue building on the Company’s impressive transformation. In the near term, we plan to expand OpusCapita’s offering, with a sustained focus on helping clients digitize their source-to-pay processes and accounts payables. We believe this will create significant value for our customers and partners.”
Patrik Sallner said, “It has been an immense privilege to help transform OpusCapita from a subsidiary of Posti into the thriving enterprise it is today: a leading provider of source-to-pay solutions backed by a premier global investment firm. I wish Øivind and the team every success.”
OpusCapita is a leading European provider of source-to-pay and e-invoicing solutions for large and medium-sized organizations. Our cloud-based solutions help businesses manage their e-procurement and accounts payable processes, lowering costs while improving control and supporting growth. Connect, transact and grow with OpusCapita.
Providence Strategic Growth
PSG is an affiliate of Providence Equity Partners (“Providence”). Established in 2014, PSG focuses on growth equity investments in lower middle market software and technology-enabled service companies. Providence is a premier global asset management firm that pioneered a sector-focused approach to private equity investing with the vision that a dedicated team of industry experts could build exceptional companies of enduring value. Since the firm’s inception in 1989, Providence has invested in more than 200 companies and is a leading equity investment firm focused on the media, communications, education, software and services industries. PSG is headquartered in Boston, MA, with offices in London and Kansas City. For more information on PSG, please visit www.provequity.com/private-equity/psg, and for more information on Providence, please visit www.provequity.com.
Providence Strategic Growth
Rory King/ Giles Bethule Sard Verbinnen & Co.
+44 7917 086 227/ +44 7761 385 365
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