JTL-Software (JTL), an ERP software purveyor, has garnered fresh investments from Hg. The latter is a well-regarded investor in European and transatlantic software and service enterprises. This latest investment is to fuel the growth trajectory of JTL. The company will aim to expand its SaaS product portfolio and exploring regional and sectoral expansion.
About JTL-Software
Based in Hückelhoven, Germany, JTL was brought to life in 2008 by a pair of siblings. The firm has carved a niche in ERP software solutions that empower businesses to vend products both online and offline. The suite of products offered by JTL is the linchpin for merchants’ operations, automating a gamut of daily workflows, right from managing distribution avenues, handling order entries, overseeing warehouse operations to fulfillment. Today, JTL has a robust clientele of around 50,000 small and medium-sized enterprises across Germany.
A Boon for Regional Expansion and Beyond
The fresh infusion of capital from Hg is set to propel JTL’s SaaS product evolution, as well as pave the way for expansion endeavours both regionally and into contiguous sectors. ERP is a realm where Hg has a seasoned presence. The firm has invested $8 billion globally over the past 19 years, nurturing several ventures in the ERP & Payroll domain. This investment is perceived as a stepping stone for JTL to accelerate its growth while maintaining a keen focus on enhancing software solutions that are crucial for the business success of their customers.
Ralph Schweiker, the CEO of JTL, articulated that the investment from Hg enables them to hasten their growth whilst continuing to hone better software solutions pivotal for customer success. The track record of Hg in augmenting and supporting ERP software businesses makes them an ideal ally. The partnership aims to unlock a plethora of opportunities for JTL.
The founders of JTL echoed a similar sentiment, acknowledging this investment as a remarkable opportunity for JTL and appreciating the collective effort of the team in crafting a valued software solution for numerous businesses across Germany. They expressed their elation in partnering with Hg, looking forward to the myriad opportunities this association heralds.
Hg’s Vision for JTL
Benedikt Joeris, a Partner at Hg, accentuated their long-standing focus on the ERP software sector, which enables them to identify exemplary businesses like JTL with potential for further growth. The high-quality software product of JTL coupled with the prospects for further expansion are aspects Hg is keenly looking forward to working with, alongside the proficient team across JTL.
—
If you are expanding as well, you need the right team behind you. Let us help – speak to a PL Talents recruitment expert today.