Software investor Main Capital Partners announced that it has made a majority investment in cisbox, a company based in Solingen (Germany) that provides Procure-to-Pay (P2P) software.
Serving as a strategic partner, Main aims to propel cisbox’s growth through organic and inorganic strategies. This acquisition is Main’s second platform investment in the DACH region in 2024, to advance innovation in the B2B software industry.
Dorian Berndt, Investment Director at Main, says, “Having known cisbox and the team for years, we are very pleased about the partnership with cisbox and excited about its growth momentum and prospects.”
“cisbox is clearly a winner in the P2P software market, has seen its recurring revenues growing at a CAGR north of 20 per cent and will strongly benefit from regulatory tailwinds, such as e-Invoicing and Peppol.”
“We are confident that our focused organic growth initiatives coupled with a selective buy-and-build strategy will result in an improved value proposition towards existing and new customers,” adds Berndt.
An information technology and services company
Founded in 2005, cisbox claims to be a pioneer in the field of P2P software in Germany. The company specialises in providing cloud- and AI-based software solutions, catering to various industries, to enhance and streamline P2P processes.
Sebastian Mehrle, founder and MD at cisbox says, “Our customers and partners rely on our ability to constantly innovate and offer customer-centric and secure solutions to digitise and optimise their operations, and above all to provide real-time data and forecasts for better decisions.”
“The nationally adopted regulatory requirements derived from the EU directive on electronic invoicing, skilled labour shortage, and the need for cash flow forecasting in volatile markets, are just some of the reasons why we are now witnessing such great momentum and demand for digital transformation in the market.”
“We are convinced our strategic partnership with Main will further accelerate this transition, enabling us to expand our product offerings and presence in new verticals, both nationally and internationally, and to widen our global partner ecosystem.”
“It is thus the right decision for our customers, partners, and for us. And for our existing and additional employees, who collaborate with a diverse and multi-cultural team across – currently – two countries, and are players in our exciting journey toward global success.”
Besides Solingen, cisbox operates two sites in Ho-Chi-Minh City, Vietnam, focused on software development support and data labeling services. The company reports that it holds a “strong market position” in the DACH region, particularly in the services, healthcare, and hospitality sectors.
Serving over 1,000 customers, cisbox is a certified Peppol Access Service Provider. Its software and services cover the entire Accounts Payables workflow, including invoice receipt, data validation, approval processes, and payment processing.
In recent years, cisbox has expanded its suite to include purchase order and analytics functionalities. The company has established a broad network of partners utilising cisbox’s white-label platform to serve customers across various industries.
What’s next for cisbox?
cisbox’s founders Stephan Kern and Sebastian Mehrle will stay with cisbox, reinvesting and collaborating with Main in the upcoming growth phase. Main plans to support cisbox in sustaining its growth by expanding internationally and enhancing value for customers.
According to a statement by Main, strategic acquisitions will also play a key role in strengthening the product portfolio, broadening geographical reach, and solidifying cisbox’s market position.
Stephan Kern, founder and MD at cisbox, says, “We are excited to partner with Main as we continue to grow our business. Their expertise in the B2B cloud technology sector and their track record of success make them an ideal partner for cisbox.”
“This partnership will provide us access to new markets, partners and customers. With Main’s experience, we should be able to integrate new functionalities and technologies into the cisbox solution to offer our existing customers new stunning features. In this case: 1+1 will be 3.”
Brief about Main Capital Partners
Main Capital Partners is a software investor with 20 years of experience in DACH, Benelux, the Nordics, and the US.
The firm works closely with portfolio management teams for sustainable growth, managing over €2.2B in assets with an active portfolio of 40+ software groups employing over 12,000 individuals.
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