Hypergene acquires Escali to strengthen treasury and financial portfolio capabilities and build the most complete and connected platform for finance teams in the Nordics

The acquisition adds dedicated treasury and portfolio capabilities to Hypergene’s platform and marks another step in building the most complete and connected platform for the modern CFO.

By combining Escali’s treasury capabilities with Hypergene’s solutions for financial planning, performance management and portfolio management, finance teams — particularly in private-sector organizations with more complex capital structures — gain connected visibility across planning, capital structure and financial risk, enabling faster, more informed and more confident decisions grounded in trusted data. The addition of Escali’s capabilities expands Hypergene solution to better support the full financial workflow, from planning and consolidation to liquidity, debt and regulatory compliance.

Escali, headquartered in Bergen and with offices in Oslo, provides modular software supporting debt portfolio management, loan administration, leasing under IFRS 16, derivatives and financial instruments, internal bank structures, liquidity processes and regulatory reporting.

“Treasury and portfolio management are a natural extension of what we already do,” says Bo Gyldenvang, CEO of Hypergene. “Finance teams need full visibility — from planning and forecasting to liquidity, capital structure and financial risk. With Escali’s expertise, we strengthen our ability to support confident decisions across the entire financial workflow. This is another important step in building the most complete and connected platform for finance teams in the Nordics — and part of our continued expansion within financial and strategic performance management.”

Escali brings strong treasury expertise and a solid presence in the Norwegian market, further strengthening Hypergene’s Nordic footprint.

Joining Hypergene allows us to take our treasury & portfolio offering into a broader financial context,” says Torbjørn Skulstad, CEO of Escali. “Together, we are empowering finance teams with more integrated solutions and clearer decision support.”

Escali will become an integrated part of Hypergene, and its treasury and portfolio capabilities will be incorporated into the broader platform over time.

The transaction is subject to customary closing conditions.

About Hypergene‍

Hypergene offers the most modern CFO platform, combing financial and strategic business management capabilities to deliver efficiency, flexibility, and control for organizations. Its product suite provides a powerful and flexible platform for Financial Planning & Analysis (FP&A) and Portfolio Management.

With offices in Sweden, Finland, Norway and Germany, Hypergene serves over 600 customers in both private and public sectors and employs 230 people. Hypergene is owned by Thoma Bravo, one of the world’s leading software-focused investment firms.

About Escali ‍

Escali Financial is a modular platform for asset, portfolio, and treasury management. It supports liquidity and risk management and integrates seamlessly with market data providers, banks, ERP systems, and other data sources. By automating core treasury processes, Escali strengthens financial control and transparency for its users. The company is headquartered in Bergen, Norway, with an office in Oslo.

About Thoma Bravo​

Thoma Bravo is the world’s largest software-focused investment firm, with over US $181 billion in assets under management as of September 30, 2025. Through its private equity and credit strategies, the firm invests in growth-oriented, innovative companies operating in the software and technology sectors. Leveraging Thoma Bravo's deep sector knowledge and strategic and operational expertise, the firm collaborates with its portfolio companies to implement operating best practices and drive growth initiatives. ​

Over the past 20+ years, the firm has acquired or invested in approximately 565 companies representing approximately US$285 billion in enterprise value (including control and non-control investments). ​

The firm has offices in Chicago, Dallas, London, Miami, New York and San Francisco. For more information, visit Thoma Bravo's website at thomabravo.com.​

‍