JTL secures investment from Hg to fund further growth as a European champion in e-commerce software
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Hückelhoven, Germany – 12 October 2023: JTL-Software-GmbH (JTL), a leading ERP software provider specialising in e-commerce enablement solutions for small and medium-sized businesses (SMB) across Germany, today announces that it has secured 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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JTL is a provider of innovative software for multichannel retailers. With more than 50,000 customers and over 500 partners in Germany, Austria and Switzerland, JTL is one of the leading providers of
e-commerce enablement software for SMBs in German-speaking countries.
JTL's offering covers the entire commerce value chain, removing operational complexity and increasing automation for its customers. JTL-Wawi - the company's core product - is a powerful commerce ERP system enabling customers seamless connections to eBay, Amazon, other marketplaces and shop systems, while JTL WMS offers a comprehensive warehouse management solution. The offering is complemented by JTL-POS, a cash register system for stationary retail.
The company was founded in 2008 and employs over 200 people at four locations in Germany with its headquarters in Hückelhoven. Additional information is available at: www.jtl-software.de.
Hg supports the building of sector-leading enterprises that supply businesses with critical software applications or workflow services, delivering a more automated workplace for their customers.
This industry is characterised by digitization trends that are in early stages of adoption and are set to transform the workplace for professionals over decades to come. Hg’s support combines deep end-market knowledge with world class operational resources, together providing compelling support to entrepreneurial leaders looking to scale their business – businesses that are well invested, enduring and serve their customers well.
With a vast European network and strong presence across North America, Hg’s 400 employees and $65bn in funds under management support a portfolio of more than 50 businesses, worth over $135 billion aggregate enterprise value, with over 100,000 employees, consistently growing revenues at more than 20% annually. Additional information is available at www.hgcapital.com.