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Hanse Orga Group acquires Tembit Software

17 May 2017  |  6078 views  |  0 Source: Hanse Orga Group

Hanse Orga Group, the market leader in financial automation software, today announces that it has found agreement with Tembit Software, a provider of cloud and mobile payment applications for companies in the financial and corporate sectors, to join Hanse Orga Group.

Tembit is also recognized for solutions in the areas of customer relationship management and healthcare.

Tembit Software offers strong and ERP-independent cloud-based solutions that enable customers to manage and execute large volumes of payment transactions in a secure and efficient manner. In combination with Hanse Orga Group's existing solutions, the joint FinTech company is able to offer an integrated set of solutions - both in the cloud and on-premise - around accounts receivable, accounts payable, payments, cash and treasury across different enterprise resource planning systems.

"Bringing together Hanse Orga Group and Tembit Software creates a FinTech company with unique secure payment capabilities which are a major benefit for to corporates and banks," said Sven Lindemann, CEO of Hanse Orga Group. He continued, "With solutions based both in the cloud and on-premise, coupled with the ability to work with different ERPs, we will extend our capabilities significantly, becoming the market leader in global cash management solutions."

Tembit Software was founded over 20 years ago, has offices in Berlin and Vienna and works with a multitude of customers including major banks and large corporates. The founders of Tembit will remain active shareholders in the group and the current leadership team remains in place to lead the future development of Tembit within the joint group.

"The acquisition brings clear benefits to both companies. We will be able to access the Group's broad geographic coverage particularly in the US and EMEA enabling us to better serve the corporate and banking sectors. And our innovative cloud technology will strongly contribute to building the next generation of cloud-based solutions within Hanse Orga Group," said Ingo Czok, Managing Director and founder of Tembit Software.

Hanse Orga Group has a long tradition of automating and managing global cash flows and payments. Since last year, Hanse Orga Group has been backed by the private equity growth investor, Waterland, which supports Hanse Orga Group’s ambition to become the leading FinTech company in the financial automation space. Tembit Software joining the Group is a continuation of this strategy and follows the acquisition of SOPLEX Consult, a credit and receivables management solutions provider, in November 2016; Dolphin, a leading provider of process automation and data management solutions for SAP customers; and e5 Solutions, the US market leader for implementation and support services as well as software add-ons for SAP's Treasury Applications, both in May 2017.

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