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TIS secures an additional € 4 million in equity financing Zobito and Target Partners fund cloud platform for Smart Payments

TIS (Treasury Intelligence Solutions GmbH) today announced it has raised an additional € 4 million in capital. The Series B round attracted new shareholder Zobito (www.zobito.com), a Swedish VC firm specializing in enterprise software companies. Also participating in this round of funding was Munich-based venture capital firm Target Partners (http://www.targetpartners.de/), which closed the Series A round three years ago. Safe and efficient management of corporate payments and liquidity TIS offers medium-sized and large enterprises a smart payments software as a service platform for managing corporate payments, liquidity and bank relationships worldwide. The Walldorf, Germany-based company plans to use the new funds to further its growth and gain additional market share in Europe by investing in marketing and sales and in the expansion of the cloud platform. “We have noticed an enormous trend among companies turning to cloud and SaaS solutions, and we intend to leverage this to the fullest,” said Jörg Wiemer, CEO and one of the three founders of TIS.

Satisfied customers and strong growth “Heterogeneous e-banking tools and ERP systems, coupled with the lack of standardized payment formats, pose major challenges for CFOs and finance departments. TIS offers the perfect solution. Its management team has a wealth of industry experience, and their skills complement each other perfectly,” commented Markus Roithmeier from Zobito, pleased about the investment. Before TIS was founded, CEO Wiemer served as Head of Global Treasury at SAP.

Numerous prominent companies such as Volkswagen, Dachser or Fujitsu are already utilizing TIS to standardize and analyze their payment flows throughout their organizations. “Not only is TIS gaining new customers; they also have not lost one single customer since our 2011 investment in their company. What’s more, they have significantly boosted salesfrom existing and new customers,” said Berthold von Freyberg, partner at Target Partners.

The entrepreneurial expertise at Target Partners and their knowledge of our market play a significant role in the development of our company. And the Zobito team is vastly experienced in building up global sales organizations and generating sustainable growth,” stated Wiemer about the decision in favor of the two investors.

Zobito was founded by the team responsible for the rapid growth of software company QlikTech and its successful IPO in 2010. GP Bullhound, an international technology investment banking group, acted as sole advisor to TIS during the round of financing.