Waterland-backed Hanse-Orga buys Tembit

The transaction will be the third acquisition Hanse-Orga has made in a week after the purchase of Dolphin Enterprise Solutions and e5 Solutions Group.

The founders of Tembit will retain a stake in the overall group and the current management team will remain in place.

Hanse-Orga now employs 500 people in 13 locations globally. With the acquisition of Tembit, it aims to expand its range of financial software both in the cloud and on-premises. The company now supports 2,000 businesses with financial and enterprise resource planning systems and software.

Company
Tembit Software develops mobile and cloud-based payment applications for companies in the financial and corporate sectors. The company is based in Berlin with offices in Vienna, and was founded more than 20 years ago.

People
Hanse-Orga – Jeff Watt (director).
Tembit – Ingo Czokr (CEO).

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