ABIT GmbH, Meerbusch, and EuroSystems Group, Nieuwegein, are pooling their expertise in software development and consulting for process, risk and credit management, in order to offer a comprehensive range of solutions and mutual competencies for their partners and customers.
Our common goal will be to continue to act in the proven partnership in the regional markets, while developing common values and adding cross-disciplinary expertise to the current, specialized solutions. The shareholders, including Main Capital, of both EuroSystems Group and ABIT will continue to support the growth strategy of the combined group. The existing management team will remain responsible for activities in their respective domestic markets. Additionally, cross-company activities will be supervised by Christian van Laak and Erik Koch via the operational holding company.
Christian van Laak, CEO of ABIT GmbH: ‘We are very pleased about the merger with EuroSystems Group. In addition to enlarging the size of the company and extending the range of services we offer our customers, we complete another important milestone in the internationalization strategy of both companies.’
Erik Koch CFO of EuroSystems Group BV: “The merger with ABIT GmbH provides more opportunities for our markets when it comes to compliancy, continuity, control and communications. We are very pleased to take the next step in our strategy with both healthy companies.
EuroSystems and Cwize are specialized suppliers of credit management software solutions. EuroSystems provides integrated software solutions for Arrears Management Departments and comprehensive (ERP) solutions for collection agencies and bailiffs. EuroSystems has been the Dutch market leading software provider for the credit management industry for more than 20 years. The EuroSystems software suite Credit Navigator supports all processes along the credit management chain, from invoicing to payment. Cwize provides plug-and-play business intelligence as well as interfacing solutions for high-volume B2C companies and their external collection agencies. The Cwize Collection Performance Manager product provides for the controlling and monitoring on external collection processes and leads to an optimised collection performance.
For nearly 30 years, ABIT GmbH has combined know how, performance and innovation as a software and consulting company for intelligent processing and receivables management. Based on leading expertise and modern software architecture, ABIT has established a distinctive profile as a leading IT solutions provider in Germany, with a large number of successfully completed integration and development projects. More than 700 customers from various industries rely upon ABIT’s expertise and solutions.
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 investment in mature but growing software companies in the Netherlands 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 Axxerion, b+m Informatik, Ymor, Roxit, OnGuard, Sharewire, SecondFloor, EuroSystems, Sofon Connexys, Regas, ChainPoint, RVC and TPSC. We also invested in managed hosting provider Denit. Last year, Main Capital sold its majority stake in VisionWaves to the Swedish listed IFS AB and Zetacom was sold to Gilde Healthcare. In addition, Main realized a successful exit of cloud storage company IASO to the US cloud provider GFI Software in 2013. In 2012 Main Capital sold Tedopres to the listed Finnish player Etteplan and Actuera was sold to Waterland Private Equity.
For more information about Main Capital, please contact:
Charly Zwemstra (Managing Partner) Main Capital Partners BV,
Paleisstraat 6, 2514 JA, Den Haag
Tel: +31 (0) 70 324 3433 / +31 (0) 6 512 77 805
We will keep you informed on the most relevant developments of Main Capital Partners