Queue-it Announces Majority Investment from THL Partners

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Postmedia has not reviewed the content. by Business Wire Queue-it Announces Majority Investment from THL PartnersAuthor of the article: You can save this article by registering for free here. Or sign-in if you have an account.Partnership will support continued product innovation and global expansion for the online traffic orchestration platformTHIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountCOPENHAGEN, Denmark & BOSTON — Queue-it, a global provider of online traffic orchestration solutions, today announced that it has entered a definitive agreement for a majority investment from THL Partners (“THL”), a premier investment firm investing in middle-market growth companies. Together, THL and Queue-it will focus on accelerating product innovation and expanding the company’s global reach.Founded and headquartered in Denmark, Queue-it helps enterprises and public organizations manage online traffic surges, protect digital infrastructure, mitigate bots and abuse, and deliver fair, reliable access to critical online services. Its platform is trusted by organizations around the world and operates across ticketing, retail, government, financial services, and other mission-critical industries.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againTHL’s partnership with Queue-it builds on the firm’s longstanding investment focus on IT Operations & Data, which includes software companies that help organizations operate, secure, and optimize increasingly complex digital infrastructure. As internet traffic continues to grow and AI-driven activity reshapes how organizations manage digital demand, THL believes Queue-it is well positioned to help customers deliver resilient online experiences.“We are excited to partner with THL as we enter a new chapter in Queue-it’s journey,” said Jesper Essendrop, CEO of Queue-it. “THL brings deep experience scaling global software businesses and shares our conviction in the opportunity ahead. Together, we will continue investing in innovation, supporting customers around the world, and strengthening our platform as organizations increasingly look to manage complex digital traffic.”“Queue-it has built an impressive platform that helps organizations deliver reliable digital experiences during their most critical moments,” said Jordan Welu, Managing Director at THL. “We believe the company is well positioned to benefit from the growing need for intelligent traffic orchestration, particularly as AI changes the nature and volume of online traffic. Just as importantly, we have deep respect for the culture Jesper and the team have built in Copenhagen, and we are committed to preserving the values and identity that have made Queue-it successful. We look forward to partnering with the entire Queue-it team to support the company’s next phase of growth.”“Queue-it exemplifies the type of software business we seek to partner with through our IT Operations & Data investment focus,” said Lauren Wedell, Principal at THL. “The company has built mission-critical technology for managing digital demand, and we’re excited to support the team as they continue to innovate, expand internationally, and scale their impact for customers around the world.”“Queue-it has been an outstanding journey,” said Lars Dybkjær, Managing Partner at GRO, the selling shareholder in the transaction. “From its Nordic roots, the company has grown into a true global category leader, with a remarkable track record of growth, improving profitability, and a team that has executed exceptionally at every stage. It has been a privilege to partner with the founders and with Jesper and his management team through this chapter, and we have no doubt that the best is yet to come.”THL will invest in Queue-it through its Automation Fund II.Financial terms of the transaction were not disclosed. Closing of the transaction is subject to customary conditions, including receipt of required regulatory approvals.Houlihan Lokey was financial advisor and Bech-Bruun acted as legal counsel to Queue-it. Freshfields US LLP and Plesner Advokatpartnerselskab acted as legal counsel to THL.THL Partners is a premier private equity firm investing in middle-market growth companies exclusively within Healthcare, Financial Technology & Services, and Technology & Business Solutions. THL couples deep sector expertise with dedicated operating resources to build great companies of lasting value in partnership with management teams. For more information, visit www.thl.com.Queue-it is a global provider of online traffic orchestration solutions. Its technology platform enables enterprises and public organizations to manage online traffic surges, protect digital infrastructure, prevent abuse from bots and malicious actors, and deliver fair, transparent and reliable online experiences. Trusted by organizations worldwide, Queue-it helps customers maximize performance and trust during their most business-critical digital moments.View source version on businesswire.com: This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.