Collenda, which is backed by Marlin Equity Partners, has acquired S4Dunning, a supplier of receivables management software to European companies. No financial terms were disclosed.
Meerbusch, September 3rd, 2020 – Collenda, a leading provider of credit and collections management software solutions, has acquired S4Dunning. S4Dunning is a fast-growing supplier of receivables management software to European corporates.
S4Dunning was founded in 2013 (originally as S4Financials), with the aim of developing a flexible debtor management tool that is quick to deploy, easy to use and offers a clear return on investment. The software has since enjoyed rapid growth in its core European markets. As part of Collenda, S4Dunning will continue to serve its loyal customers while expanding its ability to reach and serve new markets. Working closely with the Collenda team in Utrecht, Marcel Blanken and Jeroen Jansen, founders of S4Dunning, will continue to drive the business and cultivate its track-record of customer satisfaction.
S4Dunning offers best-in-class SaaS solutions for accounts receivable management in the mid-market. With automated customer communications and streamlined collections, the tools will be a natural addition to Collenda’s market-leading credit and collections management software suite, fitting seamlessly with Collenda’s flagship products, Open Credit 4.0 and Credit Navigator.
“Collenda is actively investing in the corporate collections sector, where we see significant growth in both the B2C and B2B segments,” said Hartmut Wagner, CEO of Collenda. “S4Dunning provides a market-leading product that has attracted a loyal and growing customer base and is a highly strategic addition to our portfolio. Our products’ complementary capabilities and unified roadmap will cement our existing market leadership and ensure we can address our customers’ evolving needs. As part of the Collenda family, we will introduce S4Dunning to a wider international market to accelerate our growth trajectory as a combined business.”
“Joining forces with Collenda is an important step for us and our customers,” said Marcel Blanken, founder and CEO of S4Dunning. “Our goal has always been to achieve strong growth driven by great products. As part of Collenda, we can now accelerate the delivery of best-in-class and innovative products to our existing and future customers. We look forward to leveraging Collenda’s international sales and marketing capabilities to drive further growth, and we are excited about this next step in our journey.”