SpecPage, a global leader of innovative product lifecycle and product data management process solutions for formula-based food and beverage manufacturers, will partner with SVC Ltd. For Risk Capital for SMEs, an investment vehicle of Credit Suisse in Switzerland. SVC Ltd. 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 SVC Ltd. Credit Suisse 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. SVC Ltd. for Risk Capital for SMEs, the investment vehicle, was created for this purpose in 2010. The SpecPage venture marks SVC Ltd.’s 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 SVC Ltd. and Credit Suisse’s 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 SVC 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.”
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