Grupo Primavera, the largest Iberian group of business software, has acquired the entire capital of Cloudware. Grupo Primavera, part of the private equity fund Oakley Capital, is the Iberian Peninsula's largest group of management software companies for SMEs. It was previously made up of 11 Portuguese companies, to which CLOUDWARE has now been added. Founded in 2011, CLOUDWARE develops management solutions to bring entrepreneurs and accountants together in a collaborative and simplified work environment in the cloud. Its TOConline project has become a benchmark product in management in Portugal, currently with more than 145,000 companies and 12,000 accountants on the platform. The acquisition of CLOUDWARE will allow Primavera Group to consolidate its leadership in the accounting sector in Portugal. The Group has more than 750 employees and an aggregate turnover of around €70 million.