(Kuessnacht, Switzerland, November 6, 2018)
SpecPage, a global leader of innovative product lifecycle and product data management process solutions for formula-based food and beverage manufacturers, will partner with Credit Suisse Entrepreneur Capital Ltd, formely SVC for Risk Capital for SMEs, an investment vehicle of Credit Suisse in Switzerland. Credit Suisse Entrepreneur Capital promotes Switzerland as a center for business while also allowing unique Swiss businesses to leverage their high qualitative standards in niche industries across the world.
Key benefits of the Credit Suisse Entrepreneur Capital Ltd. (formely SVC for Risk Capital for SMEs) investment include empowering the expansion of SpecPage’s international business systems. For nearly two decades, SpecPage has sought innovative solutions to help formula-based food and beverage manufacturers produce better quality products for less, while also streamlining and delivering exceptional data-driven results that allow producers in the food manufacturing industry to grow and sustain profitability.
As the leading bank for entrepreneurs, Credit Suisse is committed to strengthening and promoting Swiss businesses, including the provision of venture capital to innovate SMEs with growth potential. Credit Suisse Entrepreneur Capital Ltd., the investment vehicle, was created for this purpose in 2010. The SpecPage venture marks Credit Suisse Entrepreneur Ltd. Capital 50th investment.
SpecPage, headquartered in Switzerland and the U.S. is the only product lifecycle management and product data management process solution vendor uniquely dedicated to the food and beverage industry. SpecPage has additional offices in Sweden, Germany, France, Italy, Slovakia, the Netherlands, Singapore, and China. The company offers a suite of solutions to capture and manage the flow of data throughout the R&D, production and manufacturing cycle, creating visibility, transparency, traceability, and cohesive communications to facilitate essential collation and collaboration for the accumulative data.
Severin Weiss, founder and CEO of SpecPage, said, “With the Credit Suisse Entrepreneur Capital Ltd. commitment to SpecPage, we will be able to accelerate our growth and strengthen our position as the leader in the global PLM and PDM software market. This investment will enable us to further prioritize digital transformation and deliver a speedy solution to clients who are trapped in predominantly spreadsheet-based processes.
Didier Denat, Chairman of the Board of Directors of Credit Suisse Entrepreneur Capital Ltd. and Head of Corporate & Investment Banking at Credit Suisse (Switzerland) Ltd., comments: “As a niche player which already boasts some of the biggest global manufacturers among its clients, SpecPage is uniquely positioned for further growth. The company is a prime example of a Swiss SME pairing both world-class precision and innovation with true global expertise. We are very pleased to be partnering with the firm and support its journey of longstanding success.”
About SpecPage
SpecPage is a global leader in innovative, enhanced digital solutions for the formula and recipe-based manufacturing industry. SpecPage’s advanced, user-friendly software solutions were designed to accurately integrate and provide cross-functional support for the most complex aspects of recipe-based product development. Focused on helping companies achieve sustained growth and success across global markets, SpecPage provides seamless, connected, data driven solutions. To learn more, visit https://www.specpage.com/.
About Credit Suisse Entrepreneut Capital Ltd. (formely SVC Ltd. for Risk Capital for SMEs)
Creidt Suisse Entrepreneur Capital Ltd. provides small and medium-sized businesses as well as young entrepreneurs with risk capital totaling roughly 130 million Swiss francs. So far, it has invested in 50 companies. The beneficiaries are innovative companies in different stages of development from around the country. Helvetica Capital AG has been responsible for investment portfolio management on behalf of Credit Suisse Entrepreneur Capital Ltd. since September 2015. The company is managed at strategic level by a broad-based Board of Directors with the support of an operations team. To learn more, visit https://entrepreneurcapital.credit-suisse.com/en/
For further information
Media Relations Crédit Suisse, +41 844 33 88 44, media.relations@credit-suisse.com
Media Relations SpecPage, jshea@specpage.com +1 941-313-1177