Press release
JTL launches strategic partnership with Hg
Hg invests in JTL to finance further growth to build a European market leader in eCommerce software.
Hückelhoven, October 12, 2023 – JTL-Software-GmbH (JTL), a leading provider of ERP software specializing in eCommerce solutions for small and medium-sized enterprises (SMEs) in Germany, announces a strategic partnership with Hg, a leading investor in European and transatlantic software and services companies. This is an important step to support JTL in the next phase of its growth.
Based in Hückelhoven, Germany, and founded in 2008 by two brothers, JTL offers ERP software that enables companies to sell their products online and offline. The software forms the backbone of a retailer’s business operations and automates their daily workflows, from sales channel management, order entry and warehouse management to fulfillment. Today, JTL serves around 50,000 German SMEs and has an active user community with a very high level of customer satisfaction.
Ralph Schweiker, CEO of JTL: “Hg’s investment will allow us to accelerate our growth without losing our focus on creating even better solutions for our customers, making online business even smoother. Hg’s track record of supporting ERP software companies makes them a perfect partner for us, and we are excited about the opportunities their expertise and experience will bring to the company.”
The founders of JTL: “This is a fantastic opportunity for JTL. We are proud of everyone at the company who has helped to create a valuable software solution for thousands of businesses across the country. We are delighted to be working with Hg as a leading software investor and are excited about the opportunities that will arise.”
Hg will support JTL to continue product development in the SaaS space and facilitate regional expansion opportunities as well as moves into adjacent sectors. ERP software is one of Hg’s key focus areas. The company has invested around 8 billion euros worldwide in this area over the last 19 years.
Benedikt Joeris, Partner at Hg: “ERP software is an area that we know very well and have been focusing on for almost two decades. This allows us to identify companies that have enormous potential. And that’s exactly what JTL is – a great company with a high-quality software product and exciting opportunities for further growth. We are really looking forward to working with the talented team at JTL.”
Press contact
JTL:
Bettina Taylor
presse@jtl-software.com
Ed:
Tom Eckersley
tom.eckersley@hgcapital.com
Contact persons and further information
About JTL-Software
JTL-Software-GmbH is a provider of innovative software for multichannel commerce. With more than 50,000 customers and over 500 partners in Germany, Austria and Switzerland, JTL-Software is one of the leading manufacturers of eCommerce software in the German-speaking world.
The ERP system JTL-Wawi with seamless eBay and Amazon integration JTL-eazyAuction, the directly integrated shop system JTL-Shop, the JTL-Connectors for the integration of external shop systems and the powerful warehouse management system for mail order JTL-WMS offer excellent opportunities for successful online trading. The product cosmos is complemented by the JTL-POS point of sale system for stationary retail, which can also be connected to JTL’s eCommerce solutions. The production planning tool JTL-Plan&Produce also enables manufacturing companies to link their production processes with their entire retail business.
The company was founded in 2008 by two brothers and employs around 200 people. The company is based in Hückelhoven, Heinsberg district (NRW). Further locations have existed in Hürth (near Cologne) since 2012 and in Halle (Saale) and Kassel since 2016. www.jtl-software.de
About Hg
Hg is a leading investor in software and services companies with an investment focus on companies that modernize business processes. Through deep specialization in core sectors, complemented by vertical application specialization and operational support, Hg provides powerful support for entrepreneurs and managers looking to scale their business.
With a strong European network and a presence in North America, Hg, with 400 employees and $65 billion in assets under management, supports a portfolio of more than 50 companies valued at over $135 billion in aggregate enterprise value, with over 100,000 employees and consistently growing revenues by more than 20% annually. For more information, visit www.hgcapital.com.
