TIS celebrates its 10th anniversary: strong growth with cloud-based payments
With the best quarter and the best financial year in its history, TIS is successfully starting the year of 2020, the year of its 10th anniversary.
Walldorf, January 21st, 2020. On January 12th, 2010, TIS (Treasury Intelligence Solutions GmbH) was founded in Walldorf. The company’s goal was to provide medium and large organizations with a cloud-based platform, on which they could control their global bank accounts, payments and liquidity, and make global payment processes more standardized and secure. Since then, the company has been growing on a fast track, both in turnover and number of employees year to year. The Net New ARR (Annual Recurring Revenue) of 2019 grew by 64% compared to the previous year. Many well-known customers joined the growing TIS community in 2019, including GEA, MAN Energy Solutions and Siemens Gamesa.
“In order for TIS to be even more successful and to grow, we have to embed market and customer requirements into our strategy. This means that we must focus and that we set the right priorities in our organization. Product and service as well as technology are the most important elements for sustainable competitiveness.”, says Erol Bozak, co-founder and CPO of TIS.
Erik Masing to become COO of TIS
TIS is managed by an experienced management team with an excellent track record. On January 1st, 2020, the management team was strengthened with Erik Masing as the new COO. Erik Masing brings with him extensive experience from a wide variety of leadership roles as well as successful start-ups. Having Erik now on board, TIS will further accelerate its growth. “The payments market is undergoing a strong shift towards digitalization and new business models. TIS is excellently positioned and has a huge growth potential. Our company also offers an innovative and sophisticated solution for standardization and automation in payments, which is adopted by more and more companies worldwide. We do not only deliver enormous economic added value to our corporate customers, but also offer banks a platform for innovative business models and thus act as business enablers.”, explains Masing. “We are thrilled to have Erik joining our management team.”, says Jörg Wiemer, co-founder and CEO of TIS. “His extensive experience and his success as an entrepreneur make him the ideal COO. “
2019 was a year of awards for TIS. In February, the Financial Times named TIS as one of “Europe’s Fastest Growing Companies”. In May TIS customer Adecco won the Adam Smith Award for outstanding treasury operations and the TIS payment platform made a significant contribution. In September, TIS was recognized by FOCUS BUSINESS from Germany as one of the top 500 growth champions for 2020 and in December, TIS won the “Technology Innovation Award” 2019 in the “Best Customer Experience” category from Treasury Management International (TMI), a renowned specialist with over 25 years of experience in promoting best practices and innovations in treasury management, and whose awards are considered a worldwide quality standard fortreasury professionals.
In its 10th anniversary year, TIS is highly active in order to sustainably expand its success and its growth. Various initiatives have been introduced to achieve its goals for 2020 and beyond. TIS co-founder and CEO Jörg Wiemer explains: “We see attractive growth opportunities, so we will accelerate the growth rate by winning more customers in Europe and the USA, and investing more in products and teams.”