OnGuard and Credit Tools announce merger
OnGuard and Credit Tools are combining forces and are announcing a merger. As a result, strengthening their positions as market leader in credit management software in Europe. They will unveil the new name of the organization at a later stage.
About the merger
OnGuard and Credit Tools are both strong and profitable companies with excellent possibilities for further growth. The merger will optimize the innovative capacity so that the organization can continue to fulfil its strategic pioneering role for customers in the entire Order to Cash process. The new company will be located at the existing office locations in Nederhorst den Berg and Zaltbommel. The merger will not cause any redundancies. Bert van der Zwan, the former CEO of OnGuard, will be appointed as CEO and Pim van der Hagen, the former CEO of Credit Tools, will be appointed as COO of the new company.
Bert van der Zwan stated, “The two companies fit perfectly. The merger means we will benefit from a substantial increase in economies of scale with regard to product development as well as regarding the go-to-market. We look forward to building an innovative and successful future together with Credit Tools”.
Pim van der Hagen: “I am very excited about this combination of the two leading credit management software companies in the Netherlands. Together, we will be able to realise our global ambitions.”