6 months ago
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To bolster its SAP solution portfolio, xSuite Group, a leading global software provider specializing in Accounts Payable Invoice Automation (APIA), has announced the acquisition of tangro, a prominent Inbound Document Management Software specialist based in Heidelberg, Germany. The acquisition, pending regulatory approval, marks a pivotal milestone in the strategic development of both companies as they aim to fortify their combined position as a frontrunner in business process automation within the SAP ecosystem.
The acquisition of tangro by xSuite Group paves the way for an expanded range of offerings in the Order-to-Cash domain while simultaneously strengthening xSuite’s expertise in Purchase-to-Pay processes. This strategic move is set to provide the global customer base of both companies with access to a more comprehensive and powerful product portfolio in the near future.
Patrick Etter, Managing Director at tangro, expressed his enthusiasm for the acquisition, stating that it opens up tremendous opportunities for tangro as a company and its customers. He firmly believes that collaborating with xSuite will enable them to achieve their shared strategic objectives more rapidly and deliver even greater value to customers in terms of automating their business processes.
The transaction aligns seamlessly with a consistent future orientation in the SAP environment. By joining forces, xSuite and tangro are well-positioned to offer the most advanced solutions that integrate seamlessly into the SAP landscape. This synergy will play a crucial role in driving the digital transformation of business processes, particularly in the context of Clean Core strategies related to SAP S/4HANA Cloud and SAP Business Technology Platform (SAP BTP).
Strengthening SAP Solution Portfolio and Regional Presence
The partnership between xSuite and tangro creates a robust strategic location for the xSuite Group in Southern Germany. The tangro team, renowned for their high technical expertise, will contribute significantly to enhancing customer and partner support in the region. This regional presence will further improve the overall service and support provided to clients.
Moreover, the acquisition brings together the innovative strengths of both companies, which will serve as a vital contribution to the strategic development of the xSuite Group. Matthias Lemenkühler, CEO of xSuite Group, emphasized the importance of the tangro acquisition in strategically expanding their solution offering and solidifying their position as a leading provider in the field of digital business process management.
xSuite Group, a globally recognized software provider, has established itself as a leader in Accounts Payable Invoice Automation (APIA) solutions. With a strong focus on the SAP ecosystem, xSuite has consistently delivered innovative solutions that streamline and automate financial processes for businesses worldwide.
tangro, on the other hand, has made a name for itself as a specialist in Inbound Document Management Software. Based in Heidelberg, Germany, tangro has developed advanced solutions that efficiently manage and process inbound documents, enabling organizations to optimize their document-related workflows.
The coming together of these two companies through the acquisition of tangro by xSuite Group represents a significant step forward in the realm of business process automation within the SAP landscape. By combining their expertise, solutions, and resources, xSuite and tangro are poised to offer their customers unparalleled value and innovation in automating and digitizing their business processes.
The acquisition of tangro by xSuite Group signifies a major milestone in the SAP solution portfolio landscape. As the two companies integrate their capabilities and align their product portfolios, customers can expect even more advanced and seamless solutions that optimize their workflows and enhance operational efficiency within the SAP environment.
