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Target Partners invests in Treasury Intelligence Solutions GmbH

Munich-based venture capital firm Target Partners ( has invested EUR2.5 million in Treasury Intelligence Solutions GmbH (TIS) (, a Walldorf, Germany-based developer of certified, wholly Web-based, highly integrated and multi-bank capable payment solutions. TIS will use the capital to expand development and sales efforts as well as to internationalize its operations.


TIS’ integrated multi-bank solution makes payment transactions for companies more efficient and secure. All mission-critical processes related to payment transactions – liquidity levels, payment status and bank account authorisations – are integrated into a single audit-proof application. On behalf of its customers, TIS takes care of managing various payment formats, communication channels and ERP integration, so they can instead focus on their core business. Sold as Software as a Service (SaaS), the TIS solution can be quickly put in place without the complexity and cost of a long IT-implementation project.

“The TIS solution meets the needs of modern treasury departments for a cost-effective, highly integrated and secure system for managing bank accounts and payments. The market is huge,” says Berthold von Freyberg (pictured), partner at Target Partners. “The TIS management team has a wealth of international experience, with a first class track record not only in treasury products but also in developing highly innovative software."

The TIS management team consists of the three founders Jörg Wiemer (CEO), senior vice president and head of global treasury at SAP AG, Erol Bozak (CTO), a former program director and solution manager in the area of cloud computing at SAP, and Wolfgang Kalthoff (COO), a former vice president and program manager for the NetWeaver Platform at SAP.

“We are proud that we could attract one of Germany’s leading venture capital firms as
investors. Target Partners’ entrepreneurial and market experience, as well as its
extensive network, are an important part of the value of this investment,” says Bozak.
“This investment puts us in an excellent growth position.”

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