Top row from left: Rickard Kajson - CEO of Grade, Mia Stipić - Product Owner at Matcha, Emil Gyllenring - CEO of Multisoft, Stefan Iversen - Business Area Manager at Multisoft.

Grade sells Matcha to Multisoft

Grade has today, 31/1/2024, signed an agreement to divest 100% of the shares in Grade Matcha AB (“Matcha”) to Multisoft AB. Matcha is a market-leading support system for independent job coaches that assists job seekers to find jobs or education. Matcha had a total revenue of 19 MSEK in 2023.

Focus on core business

Matcha has been part of Grade since 2021, when Workbuster, Varbi and Grade merged. Since then, Grade has developed a strategy to streamline its operations focusing on software for the employee journey.

– Matcha has been an important part of Grade – with a strong product, a dedicated team and fantastic customers. Grade is now taking a clearer direction to focus on the employee journey, and since Matcha differs from Grade’s other products, we have been looking to find a better owner for the product and team. We are very pleased to hand over the operations to Multisoft, who know the industry and wants to develop Matcha in the long term together with customers and other stakeholders, says Rickard Kajson, CEO of Grade.

– We look forward to growing the business together with the Matcha team and being able to offer customers the opportunity for fully customized features and integrations with other systems. Matcha will be a powerful solution for both those who want a standard cloud-based solution and for those with more unique needs, says Emil Gyllenring, CEO of Multisoft.

Business-as-usual for Matcha’s customers

Multisoft takes over the entire operation, including its employees. Product owner Mia Stipić looks positively towards the future and sees significant benefits for Matcha’s customers with Multisoft as the new owner. She also emphasizes that Matcha’s customers can rest assured, knowing that the operations will continue as usual.

– The most important thing for me is that our customers feel secure with our product and the close relationship with us who work with Matcha. Our availability, support, and maintenance will continue as usual, and we maintain the same customer focus as before. Multisoft has a strong business strategy within IT solutions, which will provide Matcha with even greater opportunities for improvement and growth, says Mia Stipić, Product owner of Matcha.

About Grade

The Grade group consists of the companies Jobbnorge, Varbi, Grade, Workbuster, Realcruit, and Refensa. Grade offers flexible solutions within Talent Management for the entire employee journey. Grade is expected to generate approximately 370 MSEK in revenue in 2024, of which approximately 350 MSEK is recurring revenue. The largest owner is Viking Venture.

About Multisoft

Multisoft was founded in 1995 and specializes in customizable and automated system solutions.

Contact

Rickard Kajson – VD at Grade: +46 76 501 05 36

David Pode – M&A at Grade: +46 70 540 99 55