OpusCapita to accelerate strategy execution and sharpen customer focus

Helsinki, Finland – November 4, 2019 – OpusCapita today announces plans to accelerate strategy execution and to sharpen focus on all customer segments.

In practice this means:

OpusCapita will divest its Product Information Management (PIM) business to a new, dedicated owner, prodexa GmbH
OpusCapita is sharpening its focus on existing Source to Pay and Cash Management customers
OpusCapita continues to accelerate platform transformation for a robust future-proof suite of solutions
OpusCapita has been helping customers optimize their business processes with state-of-the-art technology since 1984. In April 2019, OpusCapita announced a change of ownership to Providence Equity. Providence is investing to accelerate OpusCapita’s strategy, to continue developing world-class solutions to support our customers in their digital transformation journey.

On December, 1st 2019, full ownership of the PIM business line will transfer to a newly founded company, prodexa GmbH, led by the founder and CEO, Stephan Albers. prodexa builds upon 20 years of experience in dealing with product information, design of information processes, and will concentrate all its resources on PIM customers in all relevant market segments.

“Transferring the PIM business line to a new owner is a logical step to accelerate the strategy execution and sharpen focus on all customer segments. It will allow OpusCapita to focus investments and resources in developing best-of-breed solutions to automate finance and procurement processes for our customers. This change will benefit all customers,” said Patrik Sallner, CEO OpusCapita.

“With the support of our PIM solution, our customers enable consumers to create their own shopping experiences and interact with manufacturers and retailers through many different channels. Our most important task is to provide our customers and partners with a sustainable product that offers state-of-the-art technology and easy to use experience. By investing further in product development and strategic focus of the company, our goal is to become one of the leading solution providers for product experience management in the coming years” said Stephan Albers, owner of prodexa GmbH.

OpusCapita enables organizations to sell, buy and pay quickly and securely, with a real-time view of their business. Over 3,000 customers in over 100 countries use our source-to-pay, cash management and product information management solutions to connect, transact and grow. OpusCapita processes over 220 million electronic transactions annually on its Business Network, which includes almost 1 million organizations and over 11,000 financial institutions worldwide. More information: www.opuscapita.com