OnGuard and Credit Tools join forces
-Cooperation results in a market leader in the field of SaaS-based credit management software in Europe
As of today, software companies OnGuard and Credit Tools will work together in delivering innovative solutions for credit management. This strategic move creates the market leader in SaaS-based credit management software in Europe with over 1,500 customers. Main Capital was actively involved in the creation of this growth strategy.
The joint product offering of OnGuard and Credit Tools streamlines the entire order-to-cash process, thereby optimizing credit management and accounts receivable processes for its customers. The strong position of Credit Tools in both SMEs and the corporate segment in the Netherlands, together with the international customer base of OnGuard, offers an excellent starting point for further international expansion. The merger of both companies creates a group that is capable to accelerate scalable growth, for which the expansion of the partner network is an important part of the strategy. Product innovation and strengthening of the organization are important pillars that increase the power of the combination towards both existing and new customers.
Cooperation OnGuard, Credit Tools & Main Capital
“This collaboration offers new opportunities in terms of growth and opportunities for our customers. More resources and an increased size mean a more robust product portfolio, extensive service infrastructure and increased investment in research and development. We look forward to continue building an innovative and successful future together with Credit Tools.” Bert van der Zwan, CEO OnGuard.
“OnGuard is a successful company with an impressive global customer base. Credit Tools and OnGuard share the ambition to get credit management high on the agenda of any B2B business. Together we will focus on the continued support of our customers and to offering integrated solutions that meet their business needs,” said Pim van der Hagen, CEO Credit Tools.
OnGuard develops software with which companies can integrate and structure their accounts receivables, from credit and collections management to complaints management and cash allocation. OnGuard makes it easy to share critical information real time so that the same information is available to everyone involved in the order-to-cash process. More than 20 years of knowledge and experience combined with unparalleled enthusiasm makes OnGuard a unique company. Companies in over 50 countries worldwide make use of OnGuard every day for successful credit management and tangible results.
About Credit Tools
Credit Tools has been developing and implementing credit management software for over 15 years. It has expanded into a leading innovative solution provider in the field of debtor management, collections, credit monitoring and management and the automatic processing of payments. Credit Tools has extensive expertise and in-depth knowledge of the business processes of its customers. It is therefore able to offer solutions to its customers that add value to the optimization of the credit management process. Currently, more than 280 customers, both local and international, are using the software of Credit Tools. Customers like Eneco, MN Services, Allsecur, KPMG, NautaDutilh, Canon, Stork, Friesland Campina and Bank of Scotland are supported in their daily work with the most innovative tooling in the field of credit management and collection management.
About Main Capital
Main Capital is a private equity investor with an exclusive focus on the software sector in the Benelux and Germany. Within this sector, we are the most specialized company in management buyouts and later-stage growth capital. Main Capital has approximately € 150 million under management for investments in mature but growing software companies in the Benelux and Germany. An experienced team of professionals manages the Private Equity Funds. In the current portfolio of Main Capital are rapidly growing (SaaS) software companies like OBI4wan, Axxerion, b+m Informatik, Ymor, Roxit, OnGuard, Sharewire, SecondFloor, ABIT/EuroSystems, Sofon Connexys, Regas, ChainPoint, RVC and TPSC. Main Capital realised many successful exits like IASO to GFI/Solarwinds, Zetacom to Gilde Healthcare, Actuera to Waterland Private Equity and VisionWaves to IFS AB.
Note to the editor
This press release was send by Main Capital. For more information, please contact:
Charly Zwemstra Managing Partner at Main Capital Partners
Paleisstraat 6, 2514 JA, Den Haag
T +31 (0) 70 324 3433 / +31 (0) 6 512 77 805
Pieter van Bodegraven Partner at Main Capital Partners
Paleisstraat 6, 2514 JA, Den Haag
T +31 (0) 70 324 3433 / +31 (0) 6 204 21 965
Marcommit (on behalf of OnGuard) Denise van Ooijen
T +31 (0) 6 470 499 61