Founded in 2010, TIS is a leading global cloud platform for managing corporate payments and cash flows. The company plans to use the new funding to further accelerate product development and scale operations in Europe and the US, in order to meet growing international demand. Many globally recognized organizations, including Office Depot, Staples Solutions, Archroma, Dachser, Fresenius, Fujitsu, Oettinger Davidoff and Swissgrid, already use TIS to standardize and analyze payment flows throughout their organizations.
Jörg Wiemer, CEO and co-founder commented: “We are proud to have 83North on board alongside our existing investors. 83North’s investment and its unrivalled fintech expertise will help accelerate our growth. Thanks to the growing number of corporates, banks and service providers already using our cloud platform, TIS will continue to enjoy increasing network effects and thus strengthened market leadership. GP Bullhound’s advice throughout this journey was invaluable as they were able to manage a highly competitive process with international investors and ensure management had all the tools to find the perfect partner for the next phase of growth.”
Julian Riedlbauer, Partner, and Dr. Nikolas Westphal, Director at GP Bullhound, commented: “We are proud to have advised TIS back in 2014 as well as now for the second time on this growth financing round. TIS has built an exceptionally strong SaaS platform and is ready for accelerated international growth.”
This represents GP Bullhound’s 20th transaction in 2017 and further underlines the firm’s expertise in advising category leaders in the software sector, following on from previous transactions completed for clients such as Media IQ (investment from ECI Partners), Aquila (sold to Merkle), Icomera (sold to Engie Ineo), Sinch (sold to CLX Communications), Rightware (sold to Thundersoft), Ecovadis (investment from Partech), Emric (sold to Tieto), Seene (sold to Snapchat), Signavio (investment from Summit Partners), Multiposting (sold to SAP), among many others.
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About GP Bullhound
GP Bullhound is a leading technology investment and advisory firm, providing transaction advice and capital to the best entrepreneurs and founders in Europe and beyond. Founded in 1999, the firm today has offices in London, San Francisco, Stockholm, Berlin, Manchester, Paris, Hong Kong and Madrid. For more information, please visit www.gpbullhound.com, or follow on Twitter @GPBullhound
TIS is a leading cloud platform for managing corporate payments and cash flows. TIS enable companies to make more efficient, more secure and more cost-effective payment transactions. In addition, TIS enables customers to make better decisions when analysing financial and operational performance, based on real-time payment flows. All mission-critical processes related to payment transactions are integrated into a multibank-capable, audit-proof cloud platform. This is a single point of contact for enterprise customers when managing and analysing their payment flows across the organization. TIS takes care of managing various payment formats, communication channels with banks, and ERP-agnostic integration. Offered as Software as a Service (SaaS), the ISO certified TIS solutions are quickly up and running without the complexity and cost of a long IT project.