Esker acquires e-integration GmbH

Issued by Global Research Partners for SPI Group
Johannesburg, 13 Feb 2017

SPI, the African distributor for utility software products and services to the Open Systems segment of the IT industry and the Southern African reseller for Esker, a leader in document process automation solutions, today announced that the latter has finalised the acquisition of e-integration GmbH, the Germany-based electronic data interchange (EDI) service provider.

e-integration offers a suite of EDI services and covers a wide range of solutions for the automation of order management, e-invoicing, logistics, procurement and other business-critical processes. Its online platform currently connects more than 7 000 companies worldwide. The acquisition of e-integration will allow Esker to further grow and develop in Europe's leading market, increase its revenue in the German market by more than 150% and strengthen its customer base with 600 new active accounts, comprised of mid-sized industrial companies.

In 2016, e-integration's EDI business generated EUR3,28m in total sales revenue, an increase of more than 13% over 2015, with pro-forma pre-tax profit estimated at 17% of sales.

Esker has also acquired a 20% share in e-integration's PROmitea business, a cloud-based application, which will continue to be managed by its majority shareholder. PROmitea helps companies automate procurement, sourcing and supplier relationships.

For further information, please contact Chris Anderson at tel +27 11 234 1560; fax +27 11 234 1387; e-mail chris@spi.co.za

Esker

Esker is a worldwide leader in cloud-based document process automation software. Organisations of all sizes use its shared platform of solutions, offered on-demand or on-premises, to automate accounts payable, order processing, accounts receivable, purchasing and more. Esker's solutions are compatible with all geographic, regulatory and technology environments, helping over 11 000 companies around the world in their efforts to Quit Paper.

SPI

SPI is a company that provides utility software products and services to the Open Systems segment of the IT industry. It is the sole sub-Saharan Africa distributor for USA-based Innovative Routines; USA-based Help/Systems; USA-based Linoma Software; France-based Esker; and; UK-based OpusVL (ex Xi Software). SPI also develops some of its own software utilities to complement the overseas products that it distributes.

SPI has a wide and varied customer base and includes organisations such as Aspen Pharmacare, Johannesburg Municipality, University of Johannesburg, MMI Holdings, Nampak, National Brands, Stellenbosch University and Unisa.

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