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Read more about the Main Insight Events in the Nordics, North America, Benelux and DACH.
Düsseldorf, 20 February 2025 – cisbox and windata are pleased to announce their strategic merger, brining them one step closer to becoming a leader in the Procure-to-Pay software (“P2P”) market. This combination will result in a more comprehensive and enhanced product offering, tailored to the needs of mid-sized customers. Funds advised by Main Capital Partners (“Main”) will continue holding a majority stake in the business combination. This announcement follows, among others, the recent merger of German government software providers MACH and mps, highlighting Main’s investment strategy of uniting leading software companies into larger, synergistic groups with an expansive market reach.
cisbox, a pioneer in Purchase-to-Pay Solutions, was founded in 2005 and provides vertical-agnostic, AI-driven cloud-based software designed to optimize P2P processes. Headquartered in Solingen, cisbox operates an additional site in Ho Chi Minh City, Vietnam, specializing in software development and data services. The company holds a strong market position in the DACH region, particularly within the services, healthcare, and hospitality sectors, serving over 5,300 customers of all sizes. cisbox is also a certified Peppol Access Service Provider. Over the past decade, cisbox has built an extensive network of partners, who, in turn, serve customers across various industries via cisbox’s white-label-platform. In February 2024, Main Capital invested in cisbox as part of its strategy to create a comprehensive one-stop-shop P2P offering and drive growth in both existing and new markets through the addition of new functionalities.
windata, founded in 1993, specializes in electronic payment solutions, offering automation for secure, large-scale payment transactions, particularly in the banking sector and among SMEs. More than 6,500 national and international companies, including over 52,000 end users, optimize their financial management processes with windata’s solutions. Its product portfolio is distributed by financial institutions such as Volksbanken, Raiffeisenbanken, Sparkassen, Postbanken, and private banks. In July 2024, Main Capital invested in windata to further accelerate its growth and innovation.
Creating a more complete Procure-to-Pay software suite for the SME market with clear USPs
This combination underscores Main’s dedication to building larger, industry-leading software groups within its core product markets. With this strategic merger, cisbox and windata together create a significant player in the Procure-to-Pay space. The merger results in a more comprehensive software suite for the SME market, extending the value chain by integrating windata’s payments functionality with cisbox’s accounts payable solutions, thereby establishing clear product USPs.
We are confident that this merger will unlock substantial growth opportunities and provide added value for both our customers and partners.
Christof Majer, CEO of cisbox: “This merger marks an exciting milestone in our journey to becoming a leading force in digital procurement and payment solutions. By joining forces with windata, we are expanding our capabilities and delivering even greater value to our customers. Our combined expertise will enable us to offer seamless, AI-powered Procure-to-Pay experience that enhances efficiency and automation for businesses across the DACH region.
Michael Rudhart, CEO of windata: “Over the next few months, we will continue to develop our product portfolio together and make it future-ready. We look forward to leveraging our combined strengths to accelerate innovation and improve customer experience.”
Dorian Berndt, Investment Director at Main Capital Partners: “The combination of cisbox and windata represents a significant step in our strategy to build market-leading software groups. By integrating cisbox and windata, we are not only strengthening their individual positions but also building a powerhouse in the Procure-to-Pay sector. We are confident that this merger will unlock substantial growth opportunities and provide added value for both our customers and partners.”
Founded in 2005, cisbox GmbH is an information technology and services company based in Solingen, Germany. cisbox delivers comprehensive and seamless support throughout the entire Purchase-to-Pay (P2P) process with its innovative suite of cloud-based solutions. These solutions include a wide range of functionalities, such as AI-enhanced data services for improved accuracy and efficiency, certified invoice management for compliance and reliability (cisbox is certified according to ISAE 3402 Type 2), and advanced integrated business intelligence tools for insightful analytics. Additionally, the extensive array of interfaces offered by cisbox ensures smooth integration and interoperability with existing systems, enabling a streamlined and efficient P2P workflow for its customers. cisbox places great importance to the data sovereignty of its clients, which is why customer data is hosted exclusively in Germany, in full compliance with the strict requirements of the GDPR. The company’s product portfolio includes cisbox Order, cisbox Invoice, and cisbox Insight. With over 140 employees across its fully owned sites in Germany and Vietnam, cisbox serves a diverse customer base of over 5,300 customers and white-label partners in over 20 countries.
windata GmbH is a provider of financial management solutions, employing 23 people and with headquarters in Wangen im Allgäu, Germany. With windata professional and konfipay, the company offers a one-stop solution for processing electronic payment transactions, enabling businesses to automatically transmit payment orders to credit institutions and payment service providers. Through its sector-agnostic offering, windata helps companies simplify and optimize their digital financial management processes. The solutions include a wide range of functionalities, such as receipt and authorization checking, transmission of payment orders and direct debits, retrieval of account transactions and information, as well as dashboarding. Supported by APIs, windata’s products can be the integrated into various ERP, CRM, and financial accounting systems. The company provides a diverse technological offering, with products available both on-premise, as a SaaS solution, or via web service hosting.
Nothing contained in this Press Release is intended to project, predict, guarantee, or forecast the future performance of any investment. This Press Release is for information purposes only and is not investment advice or an offer to buy or sell any securities or to invest in any funds or other investment vehicles managed by Main Capital Partners or any other person.
