Founded in 2010, TIS is a leading global cloud platform for managing corporate payments and cash flows. The company plans to use the new funding to further accelerate product development and scale operations in Europe and the US, in order to meet growing international demand. Many globally recognized organizations, including Office Depot, Staples Solutions, Archroma, Dachser, Fresenius, Fujitsu, Oettinger Davidoff and Swissgrid, already use TIS to standardize and analyze payment flows throughout their organizations.
Jörg Wiemer, CEO and co-founder commented: “We are proud to have 83North on board alongside our existing investors. 83North’s investment and its unrivalled fintech expertise will help accelerate our growth. Thanks to the growing number of corporates, banks and service providers already using our cloud platform, TIS will continue to enjoy increasing network effects and thus strengthened market leadership. GP Bullhound’s advice throughout this journey was invaluable as they were able to manage a highly competitive process with international investors and ensure management had all the tools to find the perfect partner for the next phase of growth.”
Julian Riedlbauer, Partner, and Dr. Nikolas Westphal, Director at GP Bullhound, commented: “We are proud to have advised TIS back in 2014 as well as now for the second time on this growth financing round. TIS has built an exceptionally strong SaaS platform and is ready for accelerated international growth.”
This represents GP Bullhound’s 20th transaction in 2017 and further underlines the firm’s expertise in advising category leaders in the software sector, following on from previous transactions completed for clients such as Media IQ (investment from ECI Partners), Aquila (sold to Merkle), Icomera (sold to Engie Ineo), Sinch (sold to CLX Communications), Rightware (sold to Thundersoft), Ecovadis (investment from Partech), Emric (sold to Tieto), Seene (sold to Snapchat), Signavio (investment from Summit Partners), Multiposting (sold to SAP), among many others.
For enquiries please contact:
Julian Riedlbauer, Partner, at email@example.com
Dr. Nikolas Westphal, Director, at firstname.lastname@example.org
Jon Cantwell, Director, at email@example.com
Christoph Grunewald, Analyst, at firstname.lastname@example.org
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