Valsoft Corporation Inc., a Canadian firm known for acquiring and developing vertical market software businesses, announced it had secured US$170 million in growth funding. The investment was spearheaded by Coatue and Viking Global Investors, aimed at boosting Valsoft's portfolio expansion and cementing its position as a leading global consolidator in the vertical software industry.

Sam Youssef, CEO of Valsoft, highlighted the company's significant growth over the previous two years and expressed confidence that the new funds would expedite the execution of its strategic plan. Valsoft aims to leverage favorable market dynamics and its portfolio strategy to deliver added value to its companies and their customers.

Valsoft's approach involves identifying established businesses with growth potential and fostering an entrepreneurial environment to enhance their performance and competitiveness. Aaron Weiner, Managing Director of Coatue, praised Valsoft's acquisition strategy and growth record, expressing enthusiasm about supporting Valsoft's continued expansion.

Youssef emphasized Valsoft's commitment to building long-term partnerships with management and customers, focusing on creating lasting value rather than adhering to a predefined investment horizon. This strategy is designed to drive sustainable growth and ensure the enduring success of Valsoft's portfolio companies.