Fortes acquires QuoTec and expands into the German PSA/PPM software market
The Hague, February 27, 2025 – PSA/PPM software provider Fortes today announces the acquisition of Germany-based QuoTec, its third acquisition since joining Main’s portfolio in 2021. With QuoTec’s existing presence in the German PSA software market, this cross-border acquisition furthers Fortes’ growth towards becoming a European market leader. CEO and owner Isa Said will remain with Fortes.
Quotec, founded in 2004 and headquartered in Ratingen (DE), is a provider of PSA software that primarily supports vertical agencies in optimizing their professional service processes. The company serves over 450 customers, including Axel Springer, keko, ERGO, peoplegrapher.
The acquisition of Quotec fulfills three key strategic priorities for Fortes. Firstly, Fortes will be able to strengthen its expertise and solutions for the fast-growing agency sector. In addition, the acquisition accelerates Fortes’ project portfolio management (PPM) strategy in Germany by streamlining the process from strategy to execution for German corporations and government agencies. In addition, the acquisition accelerates the expansion of Fortes’ Professional Services Automation (PSA) solution Milestones into the German market. This solution not only accelerates project cycles but also increases consulting revenue per team member by effectively meeting the needs of key industries such as accounting, IT/software and consulting. Milestones’ features are critical to overcoming common issues such as uncontrolled project scopes, resource constraints, skill mismatches and inefficient billing processes, which will be of great benefit to the German market.
Isa Said, owner and CEO of QuoTec: “I am excited about this new chapter and look forward to working with Fortes to create a leading European player in the PSA and PPM software market. With Fortes’ product range, we can better support our German customers by offering a more comprehensive solution for project and portfolio management. By combining our world-class PSA solution with Main and Fortes’ expertise in marketing, sales and operations, I am confident that we can improve our service to existing and future customers and significantly accelerate our growth.”
Eddy Plasier, CEO of Fortes:
“Fortes helps clients to manage their projects and resources more efficiently by helping them to choose the right projects and deliver them with precision and high quality. We see that many agencies, accounting firms, IT and software companies – especially in Germany – are struggling to get a grip on their consulting revenues. That’s why we’re delighted to be working with the QuoTec team to help clients manage their projects and resources more effectively. This partnership allows us to offer an even more comprehensive and effective solution that helps our clients achieve even better results.”
Sjoerd Aarts, Managing Partner at Main and Chairman of the Supervisory Board of Fortes, summarizes:
“We are delighted to support the Fortes team in pursuing its growth strategy in the German PSA and PPM software market. This strategic partnership combines two complementary organizations and product portfolios and increases the overall value proposition of the Fortes product range. We expect both companies to benefit from mutual access to each other’s networks, market knowledge and product expertise. We are committed to continuing to support Fortes in its international expansion plans.
About QuoTec
Founded in 2004, QuoTec specializes in PSA software for the management of customer-oriented projects. The software improves project management and operational efficiency by helping agencies with coordination, planning, cost analysis and more. QuoTec is headquartered in Ratingen, Germany, and primarily serves vertical agencies, with a focus on architecture and consulting firms. Notable clients include Axel Springer, keko, ERGO and peoplegrapher.
About Fortes
Fortes is a software provider in the European PSA/PPM software market with a strong presence in the Nordics, DACH region and Benelux, serving a wide range of customers. Its comprehensive end-to-end solution suite improves portfolio management, project management and operational efficiency. By continuously innovating and expanding its offering, Fortes is committed to driving growth and delivering value to its customers.
About Main Capital Partners
https://main.nl/
Main Capital Partners is a leading software investor in the Benelux, the DACH region, the Nordics and the US. With 20 years of experience, Main Capital Partners strengthens software companies through strategic partnerships to achieve profitable growth. The company has €6 billion in assets under management and supports more than 46 software companies, securing around 9,000 jobs. Main has offices in The Hague, Stockholm, Düsseldorf, Antwerp and a branch office in Boston.
This press release is not intended to forecast, guarantee or predict the future performance of any investment. This press release is for informational purposes only and does not constitute investment advice or an offer to buy or sell securities or to invest in funds or other investment vehicles managed by Main Capital Partners or any other person.
The sender of this message is Main Capital Partners.