Funds advised by Main Capital Partners will continue to hold a majority stake in the combined group. This transaction reflects Main’s strategy of building larger, category-leading software groups within attractive product markets through targeted buy-and-build.
cisbox, founded in 2005 and headquartered in Solingen, Germany, is a pioneer in AI-powered Procure-to-Pay software. The company provides vertical-agnostic, cloud-based solutions that automate procurement, invoice processing, accounting workflows and payment execution. In addition to its German headquarters, cisbox operates fully owned development and data labeling entities in Ho-Chi-Minh-City, Vietnam. The company has established a strong position in the DACH region, particularly in services, healthcare, and hospitality, and serves more than 17,500 customers. cisbox operates a scalable partner-led distribution model, including purchasing organizations and financial institutions, and is a certified Peppol Access Service Provider. Main Capital invested in cisbox in February 2024 to support its ambition of building a leading Office-of-the-CFO software platform.
Millum, founded in 2002 and headquartered in Fornebu, Norway, is a Nordic procurement and order management SaaS provider with a strong focus on hospitality, catering, and food service. The company offers a comprehensive e-procurement platform, covering supplier onboarding, catalog management, sourcing, ordering, goods receipt, invoice handling, stocktaking, and sustainability modules including CO₂ tracking and food waste management. Millum has more than 450 suppliers and purchasers as direct customers and serves over 18,000 end users across Norway, Sweden, Denmark, and Finland. Since Main invested in Millum in January 2024, the company has further strengthened its Nordic footprint and continued its international expansion.
Creating a comprehensive Office-of-the-CFO platform
The strategic combination of cisbox and Millum results in a significantly expanded Procure -to-Pay value proposition. Millum’s deep procurement and vertical expertise is combined with cisbox’s AI-driven accounts payable automation, e-accounting, and integrated payment capabilities. The integrated offering covers procurement, supplier management, invoice capture and validation, payment execution and analytics within one unified platform. Through this combination, the group deepens and complementarily expands its Procure-to-Pay suite and takes a decisive step toward becoming a more complete Office-of-the-CFO software platform.
The combination of cisbox and Millum represents another important step in our strategy to build market-leading software groups in attractive product markets."
Dorian Berndt, Investment Director at Main Capital Partners: “The combination of cisbox and Millum represents another important step in our strategy to build market-leading software groups in attractive product markets. By bringing together two complementary platforms with strong recurring revenue profiles, we are creating a scalable and strategically well-positioned pan-European Office of the CFO group.”
Christof Majer, CEO of cisbox: “We are delighted to join forces with Millum and take another important step toward building a leading Procure-to-Pay platform in Europe. By combining Millum’s best-in-class eProcurement capabilities with cisbox’s AP automation platform, we are creating a powerful end-to-end solution that enables companies to seamlessly manage their entire back-office process from purchase to payment. This partnership also marks an important milestone in our international expansion, as cisbox already supports customers operating in more than 30 markets across Europe and the United States.”
Bjørn Anskau, CEO of Millum: “By partnering with cisbox, we are taking Millum’s Nordic procurement expertise to a broader European stage. Our shared vision and cultural alignment make this an ideal partnership for delivering long‑term innovation and customer value.”
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 encompass a wide range of functionalities including AI-enhanced data labeling for accuracy and efficiency, certified management of invoices for compliance and reliability (cisbox is certified according to ISAE 3402 Type 2), integrated payment processing capabilities, and sophisticated business intelligence tools for insightful analytics.
Additionally, the vast array of interfaces offered by cisbox ensures smooth integration and interoperability with existing ERP, accounting and banking systems, facilitating a streamlined and efficient P2P workflow for its customers. cisbox attaches great importance to the data sovereignty of its customers. For this reason, customer data is hosted exclusively in Germany in accordance with the strict requirements of the GDPR.
The portfolio includes cisbox Order, cisbox Invoice and cisbox Insight, complemented by banking solutions from windata such as konfipay and windata professional, as well as an independent service data center for banking clients. The company employs over 175 employees across its fully-owned sites in Germany and Vietnam. cisbox has a diverse customer base, serving more than 17,500 customers primarily across the DACH region and through its partner network beyond.
Founded in 2002, Millum AS is a software company headquartered in Fornebu, Norway, that develops and delivers cloud-based procurement and order management solutions. Millum provides the preferred procurement system for the hospitality, restaurant, catering and staff restaurant sectors in the Nordic region, enabling efficient sourcing, ordering, supplier management, invoice handling, stock control and sustainability tracking within a unified platform. The company’s SaaS-based platform simplifies and automates procurement processes, helping customers save time and reduce cost through consolidated catalogues, mobile tools and integration with existing operational systems.
Millum serves more than 450 suppliers and purchasing organizations as direct customers and supports over 18,000 daily end users across Norway, Sweden, Denmark and Finland. The company has established long-standing relationships with major hospitality groups and procurement chains in the Nordics and continues to develop its offering in close collaboration with customers. Millum operates with a dedicated team and supports digital procurement workflows that improve control, transparency and operational efficiency for its users.
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.
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