Partinc Capital Invests in Dutch SaaS Company TIE Kinetix
The Swedish investment company Partinc Capital AB buys shares for SEK 30 million in the SaaS company TIE Kinetix N.V. TIE Kinetix, which is listed on the Amsterdam Stock Exchange (Euronext: TIE), develops systems to streamline the transfer of business documents between different organizations.
TIE Kinetix offers a software-based system located in the cloud. With the help of TIE Kinetix's system, businesses can quickly and easily transfer different types of business documents such as invoices, orders, and order confirmations to authorities, customers, and suppliers. No doubt, the trend in global supply chain communication is towards 100% digitalization. We see many European governments are launching initiatives in this field. With its EDI and 100% digitalization offerings, TIE Kinetix has a pole position in this rapidly growing market. The COVID-19 pandemic only underscores the need for efficient digitalized communication in the supply chain. TIE Kinetix has customers such as the Municipality of Amsterdam, Bunzl, Revlon, and an additional 2,500 accounts. TIE Kinetix is Partinc Capital’s first investment in the Netherlands.
“I have followed TIE Kinetix for many years, first as a global business partner and the last three years as a board member and am very pleased that we have now reached this investment,” says Per Nordling, Partner and Chairman of Partinc Capital. “TIE Kinetix, with its SaaS offering, addresses a very interesting market. This, combined with being well-established in several major geographic markets such as the U.S., Germany, France, and the Netherlands, makes us very positive about the future.”
“With Partinc Capital's investment, we get another new international partner who has extensive experience in driving growth in SaaS companies, which is very positive at the stage that the company is at,” says Michiel Wolfswinkel, CFO, TIE Kinetix.
Partinc Capital is a Swedish investment company that focuses on investments in SaaS companies that deliver software services for business-to-business (B2B) relationships. Partinc Capital works with its operational experience close to its portfolio companies. The company has offices in Sweden and the Netherlands and it is primarily in these markets that it makes its investments. See also www.partinccapital.com.
For more information please contact:
TIE Kinetix N.V.
Jan Sundelin (CEO) or Michiel Wolfswinkel (CFO)
De Corridor 5d
3621 ZA Breukelen
T: +31-88-369-8000 (Europe) or 1-800-624-6354 (USA)
E: Investor.Relations@TIEKinetix.com
W: www.TIEKinetix.com
About TIE Kinetix
At TIE Kinetix, we deliver Software as a Service (SaaS) solutions to companies, governmental institutions, and their suppliers, to help them exchange all business documents electronically and simplify supply chain processes as a result. FLOW Partner Automation, our software platform, empowers its users to engage in smart business exchanges and streamline communication through seamless integration with any existing system. Since 1987, we have supported all EDI and e-invoicing standards and communication methods worldwide. Today, our global team of experts share their knowledge with our 2,500+ customers, facilitating the exchange of over 1 billion documents through FLOW each year.
TIE Kinetix is a public company (Euronext: TIE), and has offices in the Netherlands, France, Germany, Australia, and the United States. For more information, visit www.TIEKinetix.com, and follow us on LinkedIn, Twitter, Facebook, Xing, and YouTube.
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