xSuite Group completes acquisition of tangro to strengthen position in business process automation
Acquiring Company
xSuite Group
Acquired Company
tangro
AhrensburgHeidelbergInformation TechnologySoftwareDocument Managementinformation technology & servicesInformation TechnologySoftwareEnterprise SoftwareLegal TechDocument ManagementDescription
xSuite Group, a leading software provider in the field of Accounts Payable Invoice Automation, has acquired tangro, a specialist in Inbound Document Management Software. The acquisition aims to strengthen their combined position as a leading provider in business process automation focusing on the SAP ecosystem, expand offerings in the Order-to-Cash area, enhance expertise in Purchase-to-Pay processes, and provide access to a more powerful product portfolio for their global customer base.
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Who acquired tangro?
tangro was acquired by xSuite Group, based in Ahrensburg. The deal was reported on May 16, 2024. xSuite is a leading global innovator in streamlining SAP-based P2P workflows, with offices in the U.S., Asia, and Europe. xSuite Group is privately held and operates in Information Technology.
When did xSuite Group acquire tangro?
xSuite Group's acquisition of tangro was reported on May 16, 2024. xSuite Group, a leading software provider in the field of Accounts Payable Invoice Automation, has acquired tangro, a specialist in Inbound Document Management Software. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does tangro do?
tangro, based in Heidelberg, has been supporting companies for 25 years in automating their document processing for all relevant document types in Purchase-to-Pay and Order-to-Cash processes, as well as for all input channels. It is privately held, operating in Information Technology, and is based in Heidelberg.
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