Munich, 13 August 2021
FORUM Family Office ("FORUM") has acquired 100% of the shares in Kufer Software GmbH and Kubus Software GmbH based in Mühldorf/Inn (together "Kufer") through its industry holding FORUM Software Mittelstandsholding SE. Kufer generated sales of EUR 6.1 million in 2020 with approximately 58 employees.
Kufer'score product is Kufer SQL, an ERP system for adult education. Kufer SQL is complemented by Kufer Web - a booking and communication portal - and Kufer Tools - web-based add-on services for lecturers and course participants.
Since its foundation in 1984, the company has become the leading provider in the field of adult continuing education . Approximately 80% of German adult education centres use Kufer software, and Kufer is also the market leader in the segments of church continuing education institutions and integration course providers (BAMF).
The continuation concept of FORUM provides for a continuation of the corporate strategy in all essential points, especially the retention of the staff and location. In the future, the areas of private education providers in particular are to be developed more strongly. Product development will complete the introduction of Kufer SQL V 5.0 in 2022.
After that, the topic of cloud solutions is to be tackled decisively. The resources for this are largely available through the Kufer Web division and the existing business with hosting services. This will ensure that Kufer remains a future-proof and innovative partner for its customers.
Founder Anton Kufer will continue to manage the company until the end of 2022 and will then be available as an advisor. His comment on this succession solution:
"With the transfer of our companies to FORUM Family Office, we are combining a step that ensures the continuity and reliability of the Kufer Group, as our proven corporate philosophy will be continued by FORUM. At the same time, FORUM sets the course for healthy growth and technologically innovative progress.“
FORUM Family Office invests the assets of a Munich family in medium-sized companies. FORUM's principles in the field of family equity for succession solutions are: decentralised, entrepreneurial and sustainable - quite different from financial investors. This approach has already persuaded 16 entrepreneurs to entrust FORUM with their life's work. Of these, Software accounts for 7 companies with a combined turnover of more than EUR 50 million and 400 employees.
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