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Omada Announces Investment from GRO and Kirk Kapital to Drive Next Phase of Growth and Innovation in Identity Governance

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COPENHAGEN, Denmark, April 29, 2025 /PRNewswire/ — Omada A/S (“Omada”), a global leader of Identity Governance and Administration (IGA) software, announced a new phase in its partnership with existing investor GRO, which, together with Kirk Kapital, will take a majority ownership position to support Omada’s continued expansion and innovation.

Omada offers a scalable, AI-driven identity governance solution that enables enterprises to manage who has access to which systems and applications with confidence. Omada’s cloud-native, multi-tenant platform simplifies identity management, enhances security, and facilitates compliance – empowering organizations to manage complex identity workflows with greater efficiency and precision.

Enhanced cybersecurity through scalable identity governance

As digital ecosystems grow in complexity and regulatory requirements increase, identity governance plays a critical role in protecting sensitive data and achieve compliance. Omada’s AI-powered solution helps organizations reduce their attack surfaces and maintain real-time visibility into user access, strengthening both enterprise security and operational resilience.

Today, Omada supports enterprise customers across Europe and North America, providing the foundation for identity lifecycle management, enabling organizations to advance their cybersecurity, compliance, automation and business transformation goals. Focused on simplifying IGA, Omada delivers a streamlined, cost-effective approach built on code-free configuration, future-ready cloud architecture, and intuitive workflows. As a result, customers typically realize value in just 90 days, reduce provisioning time by 80%, and cut help desk tickets by 60%.

The investment, led by GRO Fund III as lead investor together with Kirk Kapital and other co-investors, including the Private Equity Group of J.P. Morgan Asset Management and P+, provides a full exit to CVC Growth Funds and GRO Fund II, and will accelerate Omada’s global growth strategy. The company will continue to scale through AI-driven product innovation and go-to-market expansion, building on its momentum as a globally recognized category leader, as acknowledged by leading industry analysts.

Michael Garrett, CEO of Omada, said: “This marks an exciting new chapter for Omada. With the continued backing of GRO and the addition of Kirk Kapital, we’re positioned to accelerate our global growth, double down on innovation in AI, machine identity and other focus areas, and explore strategic M&A opportunities. We’re thrilled to strengthen our partnership with GRO as we scale our vision for the future of identity governance.”

Lars Dybkjær, Managing Partner at GRO, said: “Omada is a true category leader in identity governance and a standout asset within our core thematic focus on cybersecurity software, exemplifying the kind of innovation and ambition we’re proud to back. With AI becoming critical to enterprise security, Omada is poised to take a leading role in shaping the industry’s future. We’re excited to deepen our partnership and support the company’s continued growth, innovation, and strategic expansion.”

Kim Gulstad, CEO of Kirk Kapital, said: “We’re delighted to join Omada and support its continued growth alongside GRO. Omada’s leadership in identity governance, strong European roots, and global ambitions align well with our long- term investment approach. We see tremendous potential in the company’s continued innovation in AI and are excited to be part of this next chapter.”

Sebastian Kuenne, Partner at CVC, said: “Omada has grown into a category leader in IGA, with a robust cloud – native platform and a differentiated approach to managing identity at scale for the most complex of enterprises. We are grateful to have been part of this journey and look forward to Omada’s continued success.”

The transaction remains subject to customary regulatory approvals.

About Omada
Omada, a global market leader in Identity Governance and Administration (IGA), offers a full-featured, cloud-native IGA solution that enables organizations to achieve compliance, reduce risk, and maximize operational efficiency. Founded in 2000, Omada specializes in simplifying IGA, delivering innovative identity management solutions for complex hybrid environments, based on a proven best practice process framework and a streamlined deployment approach.

For more information about Omada, please visit omadaidentity.com and www.linkedin.com/company/omada-as/.

About GRO
GRO is a leading Northern European private equity firm with an exclusive focus on B2B software companies with strong growth prospects. GRO serves as an active owner developing portfolio companies with a view to creating long-term value. The partners behind GRO have been investors in more than 25 technology and software related companies and GRO has approximately EUR 1.2bn in AUM.

For more information about GRO, please visit www.grocapital.dk and www.linkedin.com/company/gro-capital. 

About Kirk Kapital
Kirk Kapital is a family-owned investment company that manages capital with a long-term focus on strategic minority investments in market-leading companies in Scandinavia, along with a diversified portfolio of financial investments. The company has its headquarters in Vejle and was established by the Kirk Johansen family, descendants of LEGO founder Ole Kirk Christiansen. Kirk Kapital has 17 active strategic investments and manages approximately EUR 3.5bn in AUM.

For more information about Kirk Kapital, please visit www.kirkkapital.dk and www.linkedin.com/company/kirkkapital/. 

About CVC
CVC is a leading global private markets manager with a network of 30 office locations throughout EMEA, the Americas, and Asia, with approximately EUR 200bn of assets under management. CVC has seven complementary strategies across private equity, secondaries, credit and infrastructure, for which CVC funds have secured commitments of over EUR 260bn from some of the world’s leading pension funds and other institutional investors. Funds managed or advised by CVC’s private equity strategy are invested in approximately 140 companies worldwide, which have combined annual sales of over EUR 168bn and employ over 600,000 people.

For further information about CVC, please visit: https://www.cvc.com/ and https://www.linkedin.com/company/cvc-capital-partners/. 

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Crab2B Makes AsiaWorld-Expo Debut, Connecting Hong Kong’s Mobile Wholesalers with Global Buyers

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HONG KONG, Oct. 18, 2026 /PRNewswire/ — Crab2B, a pioneering B2B trading platform dedicated to mobile devices and digital products, will make its debut at the HKICEC Global Mobile Exchange Pavilion during the Global Sources Hong Kong Shows, opening at AsiaWorld-Expo on October 18, 2026.

Hong Kong has long been a major hub for electronics wholesale trade, but buyers still often rely on fragmented channels to identify suppliers. Crab2B was created to bridge this gap, bringing Hong Kong-based mobile and digital product wholesalers together on one dedicated B2B platform. Headquartered in Hong Kong, Crab2B combines the manufacturing strength of mainland China and the Greater Bay Area’s extensive supply chain capabilities with Hong Kong’s established global trading network. Together, these strengths enable Crab2B to simplify cross-border sourcing, connect buyers directly with suppliers and make international trade more accessible and efficient.

For its first appearance at a major industry trade show, Crab2B is bringing together more than 200 merchants already registered on the platform, marking a significant milestone in its development. The Crab2B booth is expected to attract electronics traders from Southeast Asia, Europe, the Middle East and beyond. Visitors will be able to discover the app’s capabilities through live demonstrations, register on the platform and connect directly with participating merchants to explore business opportunities.

A buyer who experienced the Crab2B app shared: “With Crab2B, we no longer have to search far and wide for reliable suppliers. The platform brings Hong Kong’s mobile phone wholesalers together in one place, giving us greater visibility into available products and sourcing opportunities. Whether I’m at my desk or on the move, I can find products and connect with suppliers whenever I need to. For businesses like ours that source across borders, that kind of access makes a real difference. It saves time, reduces transaction costs and helps us do business more efficiently.”

Crab2B CEO Luo Yaohong said, “We want to be pioneers in cross-border B2B trading for digital products, creating new opportunities for Hong Kong’s wholesale industry. As Hong Kong places greater emphasis on developing digital trade, we’re addressing a longstanding gap in the market with a dedicated digital platform that connects Hong Kong’s electronics suppliers directly with buyers around the world. Our ambition is to make cross-border trading easier, faster and more accessible, while helping Hong Kong businesses reach new markets.”

The platform’s trade show debut is also attracting attention from international merchants, with exhibitors expressing interest in joining Crab2B to expand their reach into overseas markets. Meanwhile, merchants already registered on the platform are looking forward to the launch of its planned online marketplace, which will create further opportunities for sustained collaboration and business growth.

Building on this debut, Crab2B will remain firmly rooted in Hong Kong while expanding its connections with businesses around the world. The company will continue to enhance its platform with smarter sourcing tools, more comprehensive trading capabilities and an increasingly connected network of suppliers and buyers. By making it easier to discover products, establish business relationships and conduct cross-border transactions, Crab2B aims to open new opportunities for merchants of all sizes and help shape the next chapter of Hong Kong’s digital trade industry.

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SOURCE Crab2B

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Canton Fair Buyers Alliance Launched as the 140th Edition Opens

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GUANGZHOU, China, Oct. 17, 2026 /PRNewswire/ — On October 15, the Canton Fair Buyers Alliance was officially launched at the Canton Fair Complex, marking a significant milestone as the fair celebrates the 70th anniversary of its founding.

More than 140 overseas buyers attended the launch ceremony, highlighting the fair’s enduring role as a bridge connecting global commerce with China’s export sector.

Speaking at the ceremony, Luís Vilariça, CEO of Joinco, Import & Export, Ltd., discussed his company’s long-standing relationship with the Canton Fair. Drawing on years of participation, he reflected on the growth opportunities created through cooperation with Chinese suppliers and highlighted the fair’s role in supporting international business development and global trade exchanges.

The ceremony also featured a joint declaration by alliance members. Representatives from five member companies read the statement in their respective native languages, underscoring the international character of the new organization. Additional members sent video congratulatory messages, joining the celebration and witnessing the official launch of the alliance.

The Canton Fair Buyers Alliance represents one of the fair’s key service innovations. Designed primarily for Fortune Global 500 companies, buyers from the world’s top 250 retailers and leading sourcing enterprises across a diverse range of markets, the alliance aims to offer members a platform for information sharing and resource coordination. The first cohort of alliance members includes 58 companies from 32 countries and regions across 5 continents. Through the alliance, members will gain access to a range of priority benefits spanning four major areas: services, events, resources and information.

 For more convenient attendance, please click here for pre-registration:

https://buyer.cantonfair.org.cn/register/buyer/email?source_type=16

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SOURCE Canton Fair

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Bioethanol from human hair – Indian start-up’s solution to rising prices of grains and sugar

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GUJARAT, India, Oct. 17, 2026 /PRNewswire/ — In what could be called the beginning of the 5G (fifth-generation) of bioethanol or non-cellulosic bioethanol or non-sugar-based biofuels, an Indian start-up, Techofest Global, based out of Gujarat, has developed its own, indigenous, and patented technology for the production of bioethanol from waste human hair. Such processes would significantly reduce the employment of sugars, grains, and agricultural residues, which form the classical first- and second-generation bioethanol feedstocks. As a result, the rising fuel-vs.-food/fodder debate is anticipated to reduce, and instead, ethanol produced from municipal/industrial waste, after trials, can supplement the current supply being used as blends with presently retailed fossil fuels (E20, E27, etc.). 

As stated by Dr. Ravi, the founder-CEO of Techofest Global, the strategic priority and the USP of the start-up is industrial symbiosis, which, typically, involves an ecosystem of up-cycling/valorising the effluents of an industry, thereby creating a value-chain for residues often lacking an end-of-life. With more than three decades of experience in designing customized nuclear fusion reactors for international programmes, such as ITER, JET/UKAEA and SST-1, Dr. Ravi, a seasoned mechanical engineer, spearheads the start-up’s patented technologies’ scale-up and commercialization.

Two biochemical engineers, Dr. Navnit – the former CTO, and Dr. Kabilan – the former CEO of Biomakerz, Chennai, are the brains behind the current technology/process portfolio of the joint-venture between Techofest Global and Biomakerz. They have been working on biorefineries’ process intensification for more than a decade. “Having foreseen the fuel-vs-fodder/food competition as early as the year 2015, we began developing techno-economically feasible and viable in-vitro metabolically-engineered bioprocesses for scaling-up ethanol production from municipal waste streams between 2019–2021”, says Navnit. After developing operational technologies for international biofuel organizations, serving process engineer roles with certain biorefineries-related OMC R&D’s of India, Dr. Navnit, presently works for a premier academic institution.

An on-going fermentation trial at the Techofest Global-Biomakerz JV’s R&D facility

Techofest Global has developed and tested, in its R&D JV’s pilot-facility of ~100-L, 3 innovative and cost-effective technologies, such as 5G ethanol production using human hair, used cooking oil (UCO), and enriched bio-methane production from disposed sanitary napkins.

“With massive CapEx and OpEx, 2G ethanol technology is facing a major commercialization bottleneck, owing to competition with food/livestock fodder, requirement of a cost-intensive pre-treatment procedure, and the requirement of cellulolytic cocktails, which have a poor recycle efficiency. The proprietary 5G SAFE process developed for the start-up circumvents the mentioned constraints, and instead, utilizes a single-stage saccharification followed by fermentation, and records over 85–90% biocatalyst recovery. Likewise, the proprietary SIM process for bio-methane production, exclusively developed for the start-up, is 2x faster with improved intermittent feeding cycles and continuous gas harvest”, says Navnit.

“With on-going pre-commercialization trials, the proprietary ethanol and bio-methane processes of ours are soon being commercialized”, says Ms. Bhumika, the co-founder and the corporate advisor of the start-up. Furthermore, Mr. Ronak pilots the organization’s global market entry and commercialization frontier.

Techofest Global’s veteran Principal Technology Advisors include: Dr VS Tripathi, former Joint Director, DRDE Gwalior, Dr B S Munjal, former Director, Structures and Thermal group, SAC/ISRO, Academician and Advisor CIKS-Dharohar, GTU, and Dr AV Santhanababu, former Scientist at Satish Dhawan Space Centre. With on-going R&D activities, Dr. Munjal says, “the start-up is striving to provide a unique solution along the lines of the Atmanirbhar and Viksit Bharat Vision 2047”.

Media Contact: www.techofestglobal.com; e-mail: info@techofestglobal.com; contact person: The PR team of Techofest Global.

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