Add-on Acquisition • Software

xSuite Acquires tangro

On May 16, 2024, xSuite acquired software company tangro

Acquisition Context

This is xSuite’s 1st transaction in the Software sector.
This is xSuite’s 1st transaction in Germany.

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M&A Deal Summary
Date	May 16, 2024
Target	tangro
Sector	Software
Buyer(s)	xSuite
Deal Type	Add-on Acquisition

Target Company

tangro

Heidelberg, Germany

tangro is a provider of contemporary solutions with the highest usability at the intersection of SAP and inbound document management. The company develops focused and intelligent software solutions for incoming documents and digitizes entire workflows. tangro's solutions seamlessly integrate into the SAP ERP and S/4HANA environments of its customers and are SAP-certified. tangro was formed in 1998 and is headquartered in Heidelberg, Germany.

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Buyer Overview 1

Buyer

xSuite

Ahrensburg, Germany

Category	Company
Founded	1994
Sector	Software

DESCRIPTION

xSuite is a software manufacturer and SAP Silver Partner, xSuite offers special expertise in the area of ??document management with its information management platform. The holistic solutions include the areas of digital inbox processing, workflow-based invoice, order and order processing, file and contract management, and archiving. xSuite was founded in 1994 and is based in Ahrensburg, Germany.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Software	1 of 1
Type: Add-on Acquisition	1 of 1
Country: Germany	1 of 1
Year: 2024	1 of 1

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