Barendrecht, The Netherlands – January 7, 2025

Blinqx, a provider of cloud software solutions for small and medium-sized enterprises, corporates and service organisations, today announces that de Belgian GeoDynamics becomes part of Blinqx to strengthen its SaaS solution for HR and Finance Managers*. This new partnership underlines the international growth ambitions of both parties in the Benelux. Following completion of the transaction**, GeoDynamics will continue to operate independently within Blinqx, under the leadership of existing Managing Directors and Co-Founders Stijn Stragier and Peter Vermeesch, who will also become co-shareholders in Blinqx.

The Belgian GeoDynamics is a leading SaaS platform that automates, digitises and innovates complex time and activity registration and payroll processing for over 3,500 customers, predominantly within the Construction, Service & Installation and Cleaning sectors. Typical GeoDynamics users are HR, planning and finance managers that use this SaaS solution to save significant time on repetitive, manual tasks and easily comply with relevant regulations. GeoDynamics was founded in 2004 by current Managing Directors Stijn Stragier and Peter Vermeesch. In the past 20 years, they managed to develop GeoDynamics as a professional team with a superior position in its home country Belgium and solid growth ambitions in the Netherlands.

Ruud van der Kruk, CEO Blinqx: ““Welcoming GeoDynamics is a huge step forward in realising our international growth ambitions, as well as expanding our offering in the key sectors we serve. GeoDynamics’ solutions are a great addition to our existing products for HR and Finance Managers, in which we already offer strategic financial planning, workflow management, procurement and data intelligence for Business Services in particular. This expansion underlines our philosophy as a connector of progressive software into a total solution for the user.”

GeoDynamics’ SaaS solutions complement to our existing solutions for HR & Finance managers.

Peter Vermeesch, co-founder and Managing Director GeoDynamics, says: “Blinqx is a SaaS player capable of transforming the markets in which it operates through a combination of industry expertise, new technologies and connecting the best software into a total solution. The entrepreneurship of the Blinqx team is evident in every interaction, and has also proven itself successful in a short period of time. Bringing the progressive nature of both parties together now helps us both grow even further. For example, in cooperation with Blinqx, we can bring new features to the market at an accelerated pace.”

Stijn Stragier, co-founder and Managing Director GeoDynamics adds: “Together with Blinqx, we can further expand our footprint in the Netherlands. Additionally, we can start providing our existing customer base in Belgium with connecting software modules and solutions for HR and Finance Managers, which will allow our users to save even more time in their daily business operations.”

Ruud continues: “Stijn and Peter have built a rock-solid reputation with GeoDynamics in Belgium which — combined with its extensive customer base and high customer loyalty — significantly expands our footprint in the Benelux with immediate effect and offers us opportunities for growth in the future. We are delighted that Stijn and Peter want to continue doing business with us and I look forward to leverage the growth opportunities together with our teams.”

Joris van Gool, Partner Hg (investor Blinqx): “In recent years, Stijn and Peter have very successfully focused on continuous expansion in the home market (Belgium) and preparing GeoDynamics for international expansion. Now that they are ready for the next step in their growth ambition, we are pleased to welcome them to Blinqx to take this step together.”

Sander van Vreumingen and Frances Houweling, Partners at IK Partners and advisors to the IK SC II Fund added: “Since investing in GeoDynamics over four years ago now, we remain impressed with the expertise and experience brought by Stijn, Peter and their high-calibre team. During our partnership with them, the company has grown substantially and we are proud of all that we have achieved together. With its acquisition by Blinqx, GeoDynamics has found a new home where the entrepreneurial spirit of founder-led management serves as a strong unifying force. We wish Blinqx and GeoDynamics every success in the future..”

*Blinqx is acquiring its stake in GeoDynamics from the IK Small Cap II (“IK SC II”) Fund, a fund owned and managed by the Pan-European private equity firm IK Partners (“IK”).

**Subject to approval by the Belgian authorities.