Asolvi strengthens its European position with the acquisition of Beta10
March 17, 2026
March 17, 2026
Asolvi, a leading European provider of field service management (FSM) software for specialist industries, has announced the acquisition of Spanish company Beta10.
The transaction marks another step in Asolvi’s strategy to consolidate the European market for vertical software within the fire and security segment.
The acquisition further strengthens Asolvi’s position in one of the most attractive end markets in FSM. The fire and security sector is characterised by strong regulation, low levels of digitalisation, solid underlying growth, and high customer stickiness, while the software landscape remains fragmented.
Jostein Vik, Partner at Viking Growth and Nick Barnett, CEO of Asolvi
Asolvi has built what is today the only scaled platform in Europe dedicated to the fire and security industry. The company has combined acquisitions with strong organic growth and is currently delivering close to 25% annual growth.
With the addition of Beta10, Asolvi strengthens its presence in the Spanish market and adds further domain expertise in the security and alarm segment.
Founded in 2007 by Pablo Cervantes and Ignacio Montero, Beta10 has established itself as a leading provider of FSM software for the security and alarm industry in Spain. The company also has a strong position in the adjacent fire protection segment and has delivered organic growth of around 30%.
“We are excited to join the Asolvi Group, the number one player in the European market. Together, we will benefit from Asolvi’s scale and expertise, offer our customers a new cloud-native, AI-enabled product, and expand further across Europe and Latin America,” said co-founders Pablo Cervantes and Ignacio Montero.
Asolvi is bringing together the functional capabilities of its products across the UK, Germany, Spain, and the Nordics, where the group already holds strong local market positions. In April 2026, the company will launch a new cloud-native, AI-enabled platform built on decades of industry experience.
The new solution is designed to become the most comprehensive and modern offering in the European market and is expected to further widen the gap to competitors, which largely consist of horizontal FSM vendors or smaller, local players with legacy systems.
“Beta10 adds real industry strength to Asolvi. The team’s deep expertise will complement our product offering and further establish Asolvi as the European leader in FSM software for fire and security service providers,” said CEO Nick Barnett.
The acquisition of Beta10 marks Asolvi’s 12th transaction and reflects a clear strategy to consolidate a fragmented market. The fire and safety segment now represents approximately half of the group’s annual recurring revenue (ARR).
“We first met Beta10 in 2024 and have followed the company closely ever since. We have been consistently impressed by their journey and see a strong strategic and operational fit with Asolvi,” said Fernando Piekenbrock and Tomas Ambrosio at Volpi Capital.
For Viking Growth, a shareholder in Asolvi, the acquisition aligns with a long-term investment strategy of building category-leading software companies in verticals with strong structural tailwinds.
The fire and security sector is a clear example, characterised by regulation, compliance requirements, and mission-critical workflows. This creates high customer retention, significant switching costs, and strong foundations for long-term value creation.
At the same time, AI represents a new growth driver. By combining deep domain expertise, strong customer integrations, and access to data, Asolvi is well-positioned to develop the next generation of solutions in which software increasingly moves from supporting work to performing it.
Asolvi is a leading European provider of field service management software for specialist industries, serving more than 2,000 customers across over 20 countries. The company has a strong presence in the UK, DACH region, Nordics, Spain, and Latin America.
Founded in Norway in 1991, Asolvi has scaled through both organic growth and acquisitions to become a market leader across several verticals, including fire and security, workplace & IT, and utilities.
Asolvi is backed by Volpi Capital, Viking Growth, and its management team, and continues to drive consolidation and digital transformation across the European FSM market.
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