We partnered with Solen because we aligned on our core values, focus on the customer, our culture, desire to innovate and invest in the industry we served. We have been very happy with our choice.
Susanne Moore
CEO
smrtr
For Founders & Business Owners
Transition Your Software Business on Your Terms
Solen Software Group is a permanent home for founder-built, mission-critical software companies. A straightforward process, no financing contingency, and genuine respect for what you have built.
Permanent
We hold for decades.
No predefined timelines.
45-60 Days
From first meeting
all the way to funding
Committed Capital
No financing contingency.
Decisions made in-house.
I had a number of different companies interested in buying Track Star. My concerns with the transaction were that many of the people who approached me really were looking to flip the business. I wanted the product to continue, I wanted the team to be taken care of.
Mike Hughes
Founder & CEO, Track Star
70 hours to 30Time savedMike moved from running every function to the product work and customer conversations he wanted.
2x RevenueIn the first yearTrack Star doubled revenue in the first year of the partnership with Solen.
A Permanent Homefor Founder-Built Software
Solen Software Group specializes in software company acquisition. We acquire great software businesses and operate them for decades, not years.
Headquartered in Utah (USA), we operate globally.
We are not a fund with a five-year window. We are not a strategic acquirer who will absorb your product into a suite. We are long-term operators who believe the best software businesses are built patiently, by people who understand the market they serve.
If you are thinking about the next chapter for your business, that distinction matters. We think you will feel the difference from the very first connection.
What We Look For
We keep our criteria straightforward. Here is what a strong fit looks like. If this sounds like your business, we should talk.
Mission-Critical Focus
Software built for a specific industry or workflow, genuinely indispensable to the customers it serves. The narrower the niche, the stronger the moat.
Recurring Revenue
SaaS, subscription, or high-retention transactional revenue. Customers who stay because your product delivers real value.
Proven Revenue Base
Typically $2M to $50M ARR. What matters is that the revenue is real and the unit economics make sense.
B2B Orientation
Your customers are companies or professionals, not consumers. The stickier the relationship, the better.
Founder-Led or Owner-Operated
You built this and know it better than anyone, whether you want a full transition or a new role in the next chapter.
Anywhere in the World
Great businesses are found in all corners of the world. We will never ask you or your team to relocate.
Is Your Company a Fit?
Solen
A strong fit
Alternative
Probably not a fit
Business Model
Strong fit
Recurring or subscription software
Not a fit
Services-led, project-based
Customer Type
Strong fit
B2B: Businesses or professionals
Not a fit
Consumer, B2C
ARR Range
Strong fit
$2M to $50M+
Not a fit
Pre-revenue or pure startup
Market
Strong fit
Niche, with loyal customers
Not a fit
Horizontal, undifferentiated
Founder Goal
Strong fit
Permanent home, legacy, continuity
Not a fit
Earn-out toward the next flip
Solen A strong fit | Probably not a fit | |
|---|---|---|
Business Model | Recurring or subscription software | Services-led, project-based |
Customer Type | B2B: Businesses or professionals | Consumer, B2C |
ARR Range | $2M to $50M+ | Pre-revenue or pure startup |
Market | Niche, with loyal customers | Horizontal, undifferentiated |
Founder Goal | Permanent home, legacy, continuity | Earn-out toward the next flip |
Try our Founder Readiness Assessment to see if you're ready for the next stage of your company's evolution.
See If You FitWhy Solen?
Why Founders Choose Solen
There are a lot of investors in the market. Here is what makes Solen different, and why it matters if you care about what happens to your business after you step back.
A Permanent Home
We have no fund life and no limited partners demanding a five-year turnaround. When a business joins the portfolio, we intend to own it indefinitely. Your brand, your product, your customer relationships, preserved.
Operators, Not Financiers
We're not a passive holding company. We bring operational expertise to the businesses we own, helping with AI strategy, product roadmap, go-to-market, and team development.
Straight Answers
We do not retrade and we do not go dark mid-process. You get a candid read on valuation, timeline, and fit, even when it is not what you hoped to hear.
Relief Without Disruption
Finance, HR, legal, and admin burdens lift into shared services. Decisions about product and customers stay close to the business. Simplification, not control.
Reinvestment For Growth
We put capital back into product, go-to-market, and people. Track Star grew roughly 40% and launched its first mobile app after joining the portfolio.
Selling a company involves highs and lows through the process, I was impressed with Solen's approach during the entire transaction. They respected my time and perspective, and every interaction was marked with integrity and thoughtfulness.
Scott Dunnewind
CEO
Champ Software
The partnership between SHEA, smrtr, and Solen provides a solid foundation to continue offering high quality services, develop outstanding talent, and grow operations globally.
Jeffrey Hunt
Founder
SHEA Global
What to Expect
Start to Finish
Low friction, high transparency, and no surprise pivots late in diligence.
45–60 days from first meeting to funding
Intro Call and Preliminary Data Request
A quick, no-pressure call to assess fit. We listen more than we pitch, and no NDA is required at this stage, just a candid conversation. If there is a fit, we follow up with an NDA and a short data request. If there is not, we will tell you straight.
Founder to Founder
Alexander Spencer, Solen's founder & CEO, will outline what a partnership with us looks like and how we can help you reach your goals and elevate your company. You will always know who you are talking to and where you stand.
Valuation and Structure
After our analysis, we walk you through a clear software company valuation using real SaaS company valuations and market comps, not rules of thumb. We are always transparent about how we arrive at the proposed structure, so there are no surprises.
Diligence and Close
A quick and smooth diligence process covering business and industry research, voice of customer, financials, value creation, tech and legal. We are not looking for reasons to retrade; we are building conviction. Our committed capital structure means decisions are made in-house, with no waiting for outside approvals.
Your Team Is Part of the Value, and We Treat It That Way
Your team
Your team is a core part of what makes your business worth partnering with. We intend to retain the people who built the product and serve the customers. Transition plans are built together before close, so nobody is left in the dark.
And for you
We are flexible, with no one-size-fits-all approach to founder involvement. Join us and help take the business to new heights, or move on to your next adventure. Either way, we are here to preserve and build upon what you have built, and that means doing right by your people.
At Primate, we were looking for a partner that a) understood the value Primate offers, b) would complement Primate with software knowledge, experience, and investments, and c) had the desire to grow and support employees and customers' needs. Solen's investments and business knowledge are providing a great future for Primate's customers and employees!
Rita Patterson
Co-founder, Primate Technologies
Frequently Asked Questions
No. This is the most important thing we can tell you. Our mission is permanent ownership. We have no fund timeline and we do not bring companies into the portfolio to package them for resale. We expect to own the businesses we operate for decades.
Tell Us About Your Software Company
Share a few details and our team will be in touch within one business day. We're here to listen and understand what you want for you and your company's future.
What happens after you submit
- You hear from us within one business day
- The first call is informal: 20 to 30 minutes, no prep required
- We sign an NDA before you share any sensitive financials
- We tell you candidly whether we think there is a fit
- No obligation to proceed at any stage
What happens next?
Simply fill out the form and we'll be in touch within one business day. All submissions are 100% confidential.
Not ready to start a conversation?
Follow us on LinkedIn to get to know our approach, our companies, and what long-term partnership looks like.
Follow Solen on LinkedIn
Amplify Your Legacy
Learn what makes Solen different for owners ready for the next chapter: committed capital, transparent diligence, and a permanent home for the business you've built.
