Stockholm-based private equity investment firm, Nordic Capital, has recently made a strategic move by acquiring Cint, a prominent Swedish company specializing in insights data technology. The acquisition, which marks a significant step forward for both companies, was executed for an undisclosed sum.
The deal involved the collaboration of a substantial shareholder consortium, including Prime Ventures, Creandum, Cipio Partners, the company's founder, and a collective of individual investors and dedicated employees.
Cint, established in 1998 by Bo Mattsson and under the leadership of CEO Morten Strand, has emerged as a notable player in the field of insights data technology. The flagship offering of Cint, known as OpinionHUB, was launched in 2005 as a B2B exchange designed to facilitate the collection and exploration of insights. This platform serves as a bridge connecting market research entities in need of accessing consumer panels for comprehensive consumer research with companies that own and operate such panels.
With its headquarters situated in Stockholm, Cint maintains a substantial presence with 13 office locations spread across key cities in Europe, North America, and the Asia-Pacific region. Employing a talented workforce of over 140 individuals, the company has demonstrated its dedication to shaping the future of insights data technology. This acquisition by Nordic Capital is set to pave the way for enhanced growth and innovation in this dynamic sector.