HÜCKELHOVEN, GERMANY: JTL-Software-GmbH (JTL), a leading ERP software provider specialising in e-commerce enablement solutions for small and medium-sized businesses (SMB) across Germany, has secured £8.1 million additional investment from Hg, a leading investor in European and transatlantic software and services businesses, to support JTL in the next phase of its growth journey.

Based in Hückelhoven, Germany, and co-founded in 2008 by two brothers, JTL provides ERP software solutions enabling businesses to sell products online and offline.

This product suite is the backbone of a merchant’s operations and automates their mission-critical daily workflows, ranging from managing distribution channels, order entry and warehouse management, all the way to fulfillment. Today, JTL serves around 50,000 German SMBs with a vibrant and unique user community and achieves strong customer advocacy and retention rates.

Ralph Schweiker, CEO of JTL, said: “This investment from Hg enables us to accelerate our growth without losing our focus to create even better software solutions for our customers, which are mission critical to the success of their business. Hg’s track record in growing and supporting ERP software businesses makes them the perfect partner for us and we’re incredibly excited about the opportunities that their expertise and support are going to unlock for the business.”

The JTL founders said: “This is a fantastic opportunity for JTL. We’re so proud of everyone at the firm who have all contributed to creating a valued software solution for thousands of businesses across Germany. We are delighted to partner with Hg as leading software investor and look forward to the opportunities that this entails.”

Hg will look to support JTL to continue its SaaS product development and facilitate expansion opportunities regionally and into adjacent sectors. ERP is one of Hg’s most established areas of focus, having invested around $8 billion globally over the last 19 years to grow several businesses in the ERP & Payroll sector.

Benedikt Joeris, Partner at Hg, said: “ERP software is an area we know very well and we have been focused on this sector for almost two decades. This helps us to spot leading high-quality businesses that have further potential. This is precisely what JTL represents – a great business, with a very high-quality software product and new opportunities for further expansion. We really look forward to working with talented team across JTL.”

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