OpusCapita to acquire German jCatalog
OpusCapita Group Oy, a Nordic market leader in e-invoicing and financial processes, has today agreed to acquire a privately held German-based company jCatalog Software AG to strengthen its buyer-supplier ecosystem offering and to expand its geographical reach. The agreement has been closed on 25 April 2016. The purchase price has not been announced.
jCatalog is a leading provider of software solutions for procurement and the product information management and distribution. jCatalog Software AG is headquartered in Dortmund, Germany and has operations in Europe and in the USA with some 130 professionals. The company serves over 250 customers including large global companies such as Liebherr, Rossmann, IBM, Audi, Schindler and Maersk. The net sales of the jCatalog in 2015 was EUR 10 million.
The acquisition supports OpusCapita’s strategy to build a global buyer-supplier ecosystem offering. jCatalog’s solutions in the areas of eCommerce, catalog management, procurement process and supplier management will complement OpusCapita’s extended purchase to pay offering which includes invoice automation, cash management, financing and connectivity.
“Adding jCatalog’s solutions and expertise with OpusCapita’s offering is an important step towards fulfilling OpusCapita’s ambition to become a leader in the global buyer-supplier ecosystem. We are very excited with the advanced capabilities that jCatalog can provide for OpusCapita’s customers and we look forward to welcoming the jCatalog employees to OpusCapita”, said Patrik Sallner, CEO, OpusCapita.
“OpusCapita offers an ideal home for jCatalog. We are confident that by joining forces, we can offer innovative new solutions to our customers while further accelerating our growth”, said Stephan Albers, CEO, jCatalog.
The integration of jCatalog with OpusCapita starts immediately. The CEO of jCatalog, Stephan Albers, will head OpusCapita’s Buyer-Supplier Ecosystem Products unit and be a member of the Group’s Leadership Team.
OpusCapita digitalizes and automates purchasing, invoice handling and payments, as well as cash management and supplier financing. With 600 million annual transactions of which 200 million electronic, we have the expertise to make buying and paying easier and more cost effective. You get end-to-end visibility, control and compliance of your spend and cash flow. In 2015 OpusCapita’s net sales were EUR 257 million and 2,000 professionals were serving 8,000 customers in 54 countries. Founded in 1984, OpusCapita is headquartered in Espoo, Finland and is fully owned subsidiary of Posti Group. To learn more, please visit www.opuscapita.com.
Dortmund-based jCatalog Software AG is one of the leading suppliers of catalog management and procurement solutions globally. jCatalog’s Source-to-Pay solutions are used to map all procurement scenarios in a simple, secure and accurate manner. jCatalog’s Product Information Management solutions ensure consistent product information and reduce the time and effort spent on administering data. To learn more, please visit www.jcatalog.com.
For further information, please contact: Pellervo Hämäläinen, Communications Manager Tel. +358 40 674 52 57, firstname.lastname@example.org