MBG et al. invest €1.2m in Pumacy

The growth capital will be used to improve both the product and marketing strategy for the firm's cloud-based knowledge management software KMcloud. The rest of the capital will be used to advance Pumacy's services and service centre.

There have been 16 investments in software-as-a-service (SaaS) platforms across Europe so far this year, according to unquote" data. In early September, Hannoverimpuls backed CouchCommerce in one of the only two German SaaS deals recorded in 2013. In May this year, bmp Media Investors invested in Ferret Go, acquiring a 9.76% stake in the business.

Company
Software company Pumacy Systems is part of the Pumacy group. The firm was founded in 2000 as a spin-off from the Produktionstechnisches Zentrum (PTZ) and the Fraunhofer-Institute for Production Systems and Design Technology IPK. It is based in Berlin.

Pumacy has developed two SaaS platforms: cloud-based solution KMcloud and software product KMmaster. Both are knowledge-management platforms.

KMcloud is a SaaS platform that enables companies to manage and exchange knowledge. The firms' data and information are collected in categories such as Lessons Learnt, Best Practices and FAQs, and made easily accessible for everyone.

People
Toralf Kahlert is Pumacy's CEO. Nils-Christian Giese is the head of branch care at MBG.

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