ERP latest: Hanse Orga secures investment for new products and international growth
German financial software company Hanse Orga has raised an investment round from equity investment firm Waterland, though no figures have been disclosed.
Waterland, which is based in the Netherlands with offices in Belgium, Germany and Poland, said in its announcement that it will “furnish the software provider with substantial funds for further growth.”
Hanse Orga, based in Hamburg, provides supply chain management software to the financial industry and earlier this year launched a new payments software tool. The company pursues a dual product strategy and offers SAP-embedded solutions as well as web-based products which can be linked to different ERP systems.
Recommended reading: find ERP software vendors to suit your needs with our 107 page ERP vendor directory.
It recently opened new offices in Spain and Hong Kong and this new investment from Waterland will be used to fund the company’s international expansion plans, namely in the US and Asia, as well as developing new software products.
“Together with Waterland as our partner, we will have much more weight, enabling us to play an active role in the increasing consolidation of our market. At the same time, we plan to continue our present strategy of expanding our portfolio in the direction of a full-service provider,” said Sven Lindemann, chairman of Hanse Orga. The company added that it is considering acquisitions in the future.
The investment in Hanse Orga marks one of the few software investments that Waterland has made. Its portfolio runs a wide gamut including breweries, fashion brands, and rehab clinics.
Featured white papers
ERP Software Pricing Guide
Get the latest pricing information on over 80 popular ERP systems, and learn how to budget for your ERP project in our free guideDownload
60-Step ERP Selection Checklist
Get the comprehensive checklist for your ERP selection projectDownload
ERP Implementation: 9 steps to success
The 9 proven steps you should follow when implementing ERPDownload
ERP and cryptocurrencies - where do we stand?
How can we expect cryptocurrencies to impact ERP in the future?
Why a food specific ERP system is a must-have
Key features and requirements food companies should consider when searching for an ERP
ERP: what can we expect in 2018?
Why you should be keeping an eye on machine learning as one of this year’s most prominent technol...