Target Partners invests in Treasury Intelligence Solutions GmbH

An investment in SaaS treasury area
TIS’ integrated multi-bank solution makes payment transactions for companies more efficient and secure. All mission-critical processes related to payment transactions – liquidity levels, payment status and bank account authorizations – are integrated into a single audit-proof application. On behalf of its customers, TIS takes care of managing various payment formats, communication channels and ERP integration, so they can instead focus on their core business. Sold as Software as a Service (SaaS), the TIS solution can be quickly put in place without the complexity and cost of a long ITimplementation project. “The TIS solution meets the needs of modern treasury departments for a cost-effective, highly integrated and secure system for managing bank accounts and payments. The market is huge,” says Berthold von Freyberg, partner at Target Partners.

Experienced and successful founding team
“The TIS management team has a wealth of international experience, with a first class track record not only in treasury products but also in developing highly innovative software,” adds von Freyberg. The TIS management team consists of the three founders Jörg Wiemer (CEO), senior vice president and head of global treasury at SAP AG, Erol Bozak (CTO), a former program director and solution manager in the area of cloud computing at SAP, and Wolfgang Kalthoff (COO), a former vice president and program manager for the NetWeaver Plattform at SAP.

The right investor
“We are proud that we could attract one of Germany’s leading venture capital firms as investors. Target Partners’ entrepreneurial and market experience, as well as its extensive network, are an important part of the value of this investment,” says Bozak. “This investment puts us in an excellent growth position.”

About Target Partners:
With ! 225 million under management, Target Partners is one of the leading early-stage venture capital funds in Germany. The firm invests in start-up and early stage companies and supports them during their build-out and expansion phases. With many years of experience as managers, entrepreneurs and venture capitalists, the team at Target Partners supports entrepreneurs in developing and marketing products and services, building organizations, raising money and taking companies public in Europe and the United States. For more details: www.targetpartners.de

About TIS:
Treasury Intelligence Solutions GmbH (TIS) is the first company to offer a certified, integrated, multibankcapable and fully Internet-based payment solution for the enterprise. TIS’ solution is offered as a flexible SaaS (Software as a Service) solution, in which the customer pays a subscription fee per month and bank account. The new software architecture on which its products are based make it possible to achieve a whole new level of scalability and security. TIS is an official SAP Partner and all interfaces are SAP certified. TIS is also ISO Standard 27001 (IT security) certified. To learn more about TIS, or to be put on the TIS mailing list, please see: www.treasuryintelligence.com

Press contact Target Partners: Sprachperlen GmbH Agentur für Unternehmenskommunikation Helena Horak Am Glockenbach 3 80469 Munich Tel.: +49 (0)89 411 53 199 Fax: +49 (0)89 411 53 200
mail: helena.horak@sprachperlen.de