Congratulations to HANNOVER Finanz on the sale of software business Corporate Planning AG to proALPHA, an ERP software provider for medium-sized companies in the German market.
The exit marks the end of a successful 4-year investment for HANNOVER Finanz who backed the MBI of the enterprise software specialist in 2017.
Throughout the investment period, Corporate Planning AG has gone from strength to strength, improving its internal structures, processes and systems, building its cloud capability, expanding its direct and indirect sales channels, and pursuing a clear inorganic growth strategy. Notably, it acquired Berlin-based reporting specialist Hi Chart in 2020.
Directorbank is pleased to have played a part in this success story by placing Jürgen Brand as Chairman of the Supervisory Board at Corporate Planning at the time of the original investment. Jürgen is a deeply experienced individual having been through a similar journey in his former role at proALPHA. He was instrumental in appointing a strong CEO for the business early on whom he then worked closely with as sparring partner throughout the whole growth journey.
Founded in Hamburg in 1989, Corporate Planning AG is a leading provider of corporate performance management (CPM) software to mid-cap businesses in the German-speaking markets, with a specific focus on operational planning, integrated financial and success planning products. In addition to its headquarters in Hamburg, the business operates nine other locations in Germany, Switzerland and Austria, as well as having representation in the UK and the Netherlands.
For more information, please contact:
Executive Director Europe