Nomentia acquires TIPCO Treasury & Technology GmbH to bolster international cash and treasury management offering

Published 

Helsinki, Finland – Nomentia Oy, the European treasury and cash management provider, has announced today the acquisition of TIPCO Treasury & Technology GmbH, provider of the award-winning Treasury Information Platform TIP and a well-established brand in the DACH region. This acquisition aim to position Nomentia as a category leader within the international treasury and cash management cloud services space.

“Nomentia and TIPCO both share the same mission: to provide unparalleled cloud treasury and cash management solutions for and with our clients. In the last year, Nomentia has accelerated its market penetration across Europe, notably DACH, Benelux and adjacent markets. We believe that acquiring TIPCO Treasury & Technology enhances our ability to expand into new territories. In addition, this transaction aims to strengthen Nomentia’s solutions and product portfolio”, says Jukka Sallinen, CEO of Nomentia. 

The need for optimal cloud-based cash management solutions is increasing as enterprises want to augment organisational flexibility, process scalability, and B2B payment security. 

“Organisations want to capitalise on digitalisation to build better treasury processes, improve data quality and expand the flexibility of data analysis for better decision-making. In addition, we believe enterprises should focus on data integration, compliance, and security to achieve operational excellence”, adds Anna-Lisa Natchev, Chief Growth Officer of Nomentia. 

“We believe that integrating our solutions, IT skills, and unique treasury expertise with Nomentia is an exceptional opportunity to bring treasury and cash management innovation to the market. We trust that through this acquisition, clients will be able to future-proof their treasury technology roadmaps”, says Martin Winter of TIPCO Treasury & Technology. 

With this acquisition, Nomentia employs close to 200 employees with locations in Finland, Austria, Germany, Netherlands, Sweden, and Poland. Nomentia’s nearly 2,000 customers in over 80 countries will now have access to high-level cash and treasury management solutions and experts.  

Financial terms of the transaction were not disclosed. The transaction is subject to regulatory approval and is expected to be completed within the next weeks. 

Most recent episodes

40th Annual New York Cash Exchange: What Can Treasurers Expect?

Ahead of the 40th annual New York Cash Exchange, two of TMANY’s distinguished board members, David Miller and Timothy T. Hesler, CTP, provide TMI CEO, Robin Page, with a quickfire rundown of what attendees can expect from this year’s conference. Our guests share their aspirations for the event,...

00:00

Expectation-Beating Inflation Prints Ratchet Up Pressure on Monetary Policy

Welcome to the third edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management, one of the world’s largest cash managers. Tune in each month to discover the very latest insights on the UK, Eurozone and US markets. This edition was recorded on the 9th May...

04:48

Making the Sustainable Transition: A Roadmap to ESG in Treasury

Over the last 18 months, Societe Generale has experienced a steady increase in requests from their corporate clients to integrate ESG features in treasury management.  Louis-David Rouyer, Philippe Pougeard, and Emmanuelle Petelle (Societe Generale) provide TMI’s Eleanor Hill with a whistlestop run...

22:24

Lift Off for Fed Rate Rises

Welcome to the latest edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management, one of the world’s largest cash managers. Tune in each month to discover the very latest insights on the UK, Eurozone and US markets. This edition was recorded on the 5th of...

04:58

Treasury in 2022 and Beyond

Industry experts Bob Stark (Kyriba) and Sebastian di Paola (PwC) join TMI’s Editor, Eleanor Hill, to explore the very latest treasury trends – and to discuss how smart treasurers can get ahead of the game by ...

43:21

How BearingPoint Harnessed Data-Driven Forecasting with CashAnalytics and SAP

Listen back to our recent forecasting masterclass, where Group Treasurer Eveline Stam, and Conor Deegan (CashAnalytics) provided TMI’s Eleanor Hill with a comprehensive overview of how consultancy firm BearingPoint achieved company-wide cash forecasting nirvana by combining specialist solutions from...

37:14

The 3 T’s of The Future: Tech, Treasury, and Transformation

Over the past two years, an increasingly dynamic environment has not only accelerated technology development – from quantum computing to blockchain technology, and even the metaverse – but also technology adoption, bridging colleagues and breaking down silos in a remote work world. In this podcast,...

44:02

Monetary Policy Continues to Drive Markets as Ukraine Invasion Weighs on March Meetings

Welcome to the second edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management, one of the world’s largest cash managers. Tune in each month to discover the very latest insights on the UK, Eurozone and US markets. This edition was recorded on the 3rd of...

05:25

Tax Spotlight: How the OECD’s Two-Pillar Solution Impacts Treasury

Aaron Lee and Joseph Lee (DBS Bank) join TMI’s Eleanor Hill to discuss how the OECD’s Two-Pillar Solution aims to address the tax challenges arising from the digitalisation of the economy. Ahead of the 2023 implementation date multinational corporates will have much to consider around these reforms....

24:00

FX Connections: Bringing Transparency to Cross-Currency Payments

Cross-border activity is growing at a remarkable rate, making FX payments a hot topic for treasurers across the globe.  In this TreasuryCast episode, Eleanor Hill asks Daniela Eder and Gibran Maqsood (Barclays Corporate Banking) to provide their key action points around FX payments in 2022. Our guests...

21:00