Many procurement managers are struggling with the ongoing globalization of supply chains and the parallel shrinking budgets. The resulting complexity is forcing more and more companies to invest in the standardization and automation of their procurement processes.
Industry experts expect the increased pressure to grow the number of users of e-procurement solutions for years to come. Main Capital will actively support Onventis in the future to maintain its strong growth and to drive the internationalization of the business as well as the expansion of the product and service portfolio. Commenting on the acquisition, Frank Schmidt, CEO of Onventis, said:
Main Capital has a strong network in the software industry and is the ideal partner for our growth strategy. Together with our new partner, we will continue our successful corporate strategy to date by further expanding both our product portfolio for procurement processes and our geographic reach."
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