Dutch exam software provider acquired by UK private equity firm

ECI Partners has acquired Paragin Group, a Netherlands-based provider of digital exam and assessment software, from Main Capital Partners in a secondary buyout.

The transaction, announced on 16 February 2026, marks the end of a five-year partnership between Main Capital and Paragin, which began with Main's initial investment in 2021.

Paragin Group is headquartered in Nijkerk, the Netherlands, and employs approximately 120 professionals representing more than 20 nationalities. The company serves around 1,250 end customers across 20 countries in Europe and beyond, comprising approximately 750 organisations directly and a further 500 indirectly through partners.

The company's core product is the Remindo digital assessment and examination platform, which supports the entire testing cycle from question development and test construction to administration and analysis. Paragin's target markets include vocational and higher education institutions, exam institutions, educational publishers, and commercial education providers.

During Main Capital's ownership, Paragin transformed from a domestic Dutch player into the Benelux market leader with a rapidly expanding international footprint. The company executed three strategic add-on acquisitions to broaden its capabilities and market reach.

In 2022, Paragin acquired Sowiso, a STEM-based assessment software specialist focused on mathematics and statistics e-learning. This was followed by the 2023 acquisition of Coachview, a SaaS training and course management software provider serving over 250 customers including TU Delft and Utrecht University of Applied Sciences in the Netherlands and Belgium.

In 2024, Paragin completed the acquisition of Xebic, a developer of multi-tenant SaaS solutions for student development, internship management, and assessment processes in education. These acquisitions allowed Paragin to establish itself as a provider of solutions covering the development and assessment of students' knowledge, skills, and competencies.

The combined product suite now includes Remindo, Sowiso, Coachview, OnTrac, GradeWork, MyPortfolio, Competent, and OnStage. Paragin expanded from a Netherlands-focused operation to serving customers in more than 20 countries during Main's ownership.

ECI Partners is a UK-headquartered mid-market private equity firm with a 50-year track record and over 250 completed deals. The firm manages funds of approximately £3 billion and invests in growth-focused businesses valued up to £300 million. No enterprise value or EBITDA multiple has been publicly disclosed for the Paragin transaction.



Sjoerd Aarts, Managing Partner and Head of Benelux at Main, commented: "After five years of a very constructive collaboration with Paragin, we are proud to see the company enter its next phase of growth. Paragin's journey over the past years is a strong reflection of our strategy to build attractive, scalable market leaders."

Main Capital Partners is a software-focused private equity investor managing approximately €7 billion in assets under management. The firm is active across the Benelux, DACH, Nordics, France, and the United States, and maintains an active portfolio of over 50 software companies employing more than 15,000 people.

ECI's investment thesis for Paragin centres on supporting the company's next phase of growth in the rapidly expanding digital exams and assessment software market beyond Benelux, whilst continuing to execute on Paragin's proven M&A playbook and extending it to new geographies.

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