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April 09, 2006
SAP Co-founder Backs B2B Service Provider
Five year old, Indatex SCI, a German hosted integration service provider, just got itself some smart money by selling a 28 percent stake to DAH Beteiligungsgesellschaft, an investment vehicle that belongs to Dietmar Hopp, an SAP co-founder. Hopp will join its board.
The amount was not disclosed but the business process and EDI automation firm said in a statement that it was a “double digit million euro” sum.
No hype at Idatex. It doesn't claim to have a paperless solution, rather a "paperlean" one.
Indatex, which has about 180 customers in the automotive and manufacturing sectors, will use the capital to expand internationally. It claims its platform enables money-saving in the areas of EDI (standardized data exchange with suppliers) business process and communications integration because the entire chain is automated.
Supporting that claim besides all the quotes on its website from satisfied customers, is that it has been identified by Gartner Group has Indatex in one of its “magic quadrants” reports, the one on hosted integration service provders.
This looks like a smart money deal for Indatex as DAH Beteiligungsgesellschaft, is the investment vehicle of Dietmar Hopp (pictured above), an SAP co-founder. Hopp is joining its board.
It took the SAP founder longer than it takes your average Silicon Valley entrepreneur to begin venture capital investing, but Hopp and family are certainly active now. In recent months, DAH took a minority stake in Equinet, a small and mid cap oriented investment bank, acquired a stake in a financial data provider unit of VWD, as well as making several biotech investments.
Hopp is one on the Forbes list of the super rich, coming in at number 61.
Read - Familie Hopp: Neuer Investor bei indatex (press releaes)
Posted on April 9, 2006 04:55 PM | Posted to Business software | Venture Capital | Permalink
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