Hamburg, Germany, May 17, 2017 – 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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About Hanse Orga Group
With over 500 employees in 13 locations globally, Hanse Orga Group supports over 2,000 business customers today with various products and solutions. The company was established in 1984 and today pursues a dual product strategy, offering SAP-embedded solutions as well as web-based products which can be linked to different Enterprise Resource Planning (ERP) systems. The solutions cover central segments such as accounts receivables as well as accounts payables processing, payments, cash management, liquidity planning, treasury, data and document management, eBAM and working capital management. With its FS² Payments solution alone, one of ten of the company’s products, customers process over 1.2 billion transactions with a volume of over 450 billion euros. In 2015 and 2016 the SAP-embedded software family won the international TMI Award for Innovation & Excellence for “Best ERP Based Software“. Hanse Orga Group is also active as a consultant in the field of SAP Treasury. For further information please visit www.hanseorga-group.com
About Tembit Software
Tembit Software is one of the leading providers of cloud and mobile solutions for international payment transactions, healthcare, and marketing services. The company’s product development focuses on innovative and highly secure solutions for companies as well as banks and their customers—including the tembanking payment factory, banking portals, electronic patient records, and mobile signature solutions. The latest innovations in the financial sector are the integration of ERP systems via the tembanking API, and the tembanking mobile app for secure and comfortable payments via smartphone (iOS and Android). Tembit Software solutions are used every day in more than 30 countries and by thousands of users. The Tembit Software company is headquartered in Berlin, with the Vienna branch serving customers in Austria. For more information, please visit www.tembit.de
Hanse Orga Group
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