atares advises Trivium eSolutions on the formation of a new software engineering platform with NetRom and Investcorp
atares, the digital M&A manufactory for technology-driven companies, acted as exclusive M&A advisor to the shareholders of Trivium eSolutions in forming, together with the Dutch company NetRom Software, a new European platform for software engineering. The platform’s anchor investor is the globally active technology investor Investcorp Technology Partners (ITP). Trivium and NetRom join as founding members, with the ambition to each excel independently while growing together as a group.
The platform brings together the strengths of two established software engineering houses: NetRom, part of the Investcorp portfolio since 2023, and Trivium as a new founding member. Going forward, the founding members will serve their clients with a significantly broader range of services across the entire digital value chain, from software architecture, design and technology consulting through AI-powered software development to managed services, and will jointly invest in new, AI-native solutions. The two companies complement each other on several levels: NetRom contributes its nearshore strength and Team-as-a-Service expertise with around 460 employees and two delivery centres in Romania, while Trivium brings its deep know-how in Industrial AI, architecture consulting and industry-oriented software development with around 180 experts at its locations in Germany, the Netherlands and India.
The atares team led by Partner Florian Liepert and Maximilian Förster supported the process across all phases, from strategic preparation and the build-up of a broad, international investor universe through to the negotiation of the contractual documentation and the successful closing. The transaction, which sits within atares’s focus vertical Industry Tech, posed particular challenges: with locations in Germany, the Netherlands and India, Trivium operates across three jurisdictions. atares managed this cross-border complexity in a structured process tailored to the shareholders, consistently kept to the agreed timeline and secured a transaction structure that optimally matched the goals of Trivium eSolutions’ shareholders, including a reinvestment in the new corporate group.
Nikhil Nakra, CEO and shareholder of Trivium: “With Investcorp as a new investor and NetRom as a strategic partner, a new chapter begins for us as part of a larger group. Together, we can leverage our complementary capabilities internationally, NetRom’s nearshore scaling and Trivium’s specialised expertise in Industrial AI and AI-powered engineering. Throughout, the atares team supported us professionally and with great empathy across all three jurisdictions.”
Florian Liepert, Partner at atares: “For Trivium, we did not simply look for an investor, but found the ideal partner for a shared growth platform. With NetRom as a complementary founding member and Investcorp as a strong technology investor, Trivium can now continue to achieve its growth ambitions. The fact that we achieved this across three jurisdictions and on schedule underlines our expertise in complex cross-border transactions.”
About Trivium eSolutions
Trivium is a specialist in Industry 4.0, Smart Infrastructure, Industrial AI, and IoT — providing high-end consulting, software development, and AI services for large-scale infrastructure and industrial customers. With deep expertise in designing scalable, secure, and robust software systems from the device level to the cloud, Trivium supports clients from early-stage architecture and design to agile software development, deployment, and continuous operation. With a team of over 180 experts across Germany, the Netherlands, and India, Trivium combines technological excellence with global collaboration. The company is headquartered in Munich.
About NetRom Software
NetRom Software is a leading nearshore IT services consultancy specialized in customer software development. With over 27 years of experience and a team of approximately 460 FTE, the company partners with independent software vendors and technology-driven organizations to accelerate product development through scalable, dedicated engineering teams. NetRom combines deep technical expertise, domain knowledge with a strong focus on flexibility and long-term collaboration. NetRom has two offices in the Netherlands and two delivery centres in Romania.
About Investcorp
Investcorp is a global investment manager specializing in alternative investments across four asset classes: Private Equity (Mid-Market Buyouts, Growth Investments, and GP Staking), Real Assets (Infrastructure and Real Estate), Credit (CLOs, Broadly Syndicated Loans & Structured Credit, and Middle-Market Direct Lending), and Liquid Strategies (Absolute Return Investments and Insurance Asset Management). Today, Investcorp manages approximately $62 billion in assets, including assets managed by third party managers. Investcorp has 14 offices in the US, Europe, GCC and Asia, including India, China, Japan and Singapore and employs approximately 500 people from 50 nationalities globally.
About atares
atares is a digital M&A boutique focusing on technology-driven mid-cap companies in Germany and sees itself as a pioneer in the digitalization of the M&A industry. Founded in 2001, atares has advised on more than 200 transactions in the past 25 years. The focus is on transaction sizes between EUR 10 and 250 million, mostly involving owner-managed companies. With long-standing personal contacts to corporates, Private Equity investors, and investment banks in Europe, North and South America, and Asia, and as a member of the global tech M&A alliance Global Tech Mergers, atares is a sought-after partner for the tech champions of tomorrow. The Munich-based atares team manages projects with a comprehensive technology and data stack – for value-adding, efficient transactions with the best user experience.
