Who is FOG Software Group?
FOG Software Group is a serial acquirer based in the United States.
FOG Software Group
- Type
- serial acquirer
- Headquarters
- United States
- Website
- fogsoftwaregroup.com
- Owned by
- Vela Software Group
How they work
FOG Software Group is a Constellation Software division that acquires, manages and grows vertical-market software businesses globally. It uses a decentralised model, says it never sells, and supports operators with capital, customers, operating practices and specialist in-house resources.
FOG buys mission-critical vertical software businesses and says it never sells them. The process starts with a conversation, an operator discussion and an NDA, then moves through fit, LOI and an in-house diligence process. FOG says the post-LOI work can take about four weeks and offers cash upfront with a high degree of closing certainty. Owners may stay or exit, while the company continues under a decentralised operating model.
- Sector focus
- Companies selling mission-critical software highly tailored to one or more vertical markets.
- Geography
- Global; FOG says borders are not a barrier and cites offices in more than 30 countries.
- Ownership
- Permanent ownership; FOG says it never sells. Owners can stay or exit, and businesses can continue operating as-is under the decentralised model.
- Platform or bolt-on
- FOG seeks to expand existing verticals and enter new markets through platform acquisitions. Smaller companies can work closely with an existing portfolio company.
- Target revenue
- Businesses ranging from a handful of employees to hundreds of employees; no financial-size band is published.
- Capital model
- FOG describes a simple structure with cash upfront.
- Hold period
- Permanent ownership; FOG says it never sells. Owners can stay or exit, and businesses can continue operating as-is under the decentralised model.
Sources
- fogsoftwaregroup.com · research
- fogsoftwaregroup.com · research
- fogsoftwaregroup.com · research
- fogsoftwaregroup.com · research
- fogsoftwaregroup.com · website