German Everfield buys Blue Bridge Technologies, Latvian healthcare software developer
11 November, 2022, 17:44
The German investor and accelerator Everfield has purchased Latvian-founded Blue Bridge Technologies, a developer of information systems for the Latvian healthcare and insurance sectors, from the largest private equity firm in the Baltics BaltCap. With the transaction, Everfield will receive 100% of BBT.
- Founded in 2007, Blue Bridge Technologies is an IT company focused on software for public, and private sectors of healthcare, and health insurance development. The core component of BBT products is a distributed, easy-to-integrate platform for automation of business processes.
- Blue Bridge Technologies headquarters in Riga, has a subsidiary in the USA, as well as a representative office in Spain.
- The Cologne-based Everfield is a long-term investor and accelerator for pan-European software companies. Everfield, and its sister organizations, are operating and managing over 80 vertical software companies.
“We are delighted to have the Blue Bridge team join Everfield. Blue Bridge offers a unique set of products and skills that sets them apart in the healthcare and health insurance verticals, and we are excited about the future growth of the business,”Henning Schreiber, head of acquisitions at Everfield claims.
- BaltCap, the previous owner of Blue Bridge Technologies, is a private equity firm in the Baltics focusing on buy-out, growth capital, venture capital and infrastructure investments. BaltCap has a presence in all three Baltic countries, as well as in Finland, Sweden, and Poland with local offices there.
- The amount of the transaction is not disclosed, but it’s known that Everfield acquires 100% of Blue Bridge Technologies, the shares of Imprimatur Capital, and other minority shareholders.