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SMEs in the dark about Government’s regional Industrial Strategy
Government plans to stimulate the economy through regional initiatives, such as the Northern Powerhouse and Midlands Engine are failing to make an… More
Micro-lender, Oakam Focuses on Talent Amid Digital Push
Oakam, a digital micro-lender catering to unbanked and underbanked consumers in the UK, has tapped Alida Cesani to lead its HR function. In this… More
Equita makes new appointment
Equita has the pleasure in welcoming Bev Osborne to Equita in a new position as Senior Client Services Manager. … More
Target Group hires Richard Gregory as Chief Data Officer
Target Group, the business process outsourcing and operational transformation provider, has announced the appointment of Richard Gregory as the… More

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SMEs in the dark about Government’s regional Industrial Strategy
Government plans to stimulate the economy through regional initiatives, such as the Northern Powerhouse and Midlands Engine are failing to make an… More

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Independent Growth Finance delivers £16.6m to Scottish SMEs over past year
IGF, the leading commercial finance provider for SMEs, has delivered a total of £16.6m to SMEs across Scotland over the past year.… More
Wesleyan Bank launches asset finance funding initiative for UK SMEs
Wesleyan Bank has today launched a new asset finance funding initiative as part of its drive to help small and medium sized firms grow and compete… More
CICM says code playing its part in improving payment practices
The body that administers the Prompt Payment Code (PPC) on behalf of the Government says that the Code is having a demonstrable impact on improving… More
FPB makes fresh calls for the appointment of the Small Business Commissioner
The Forum of Private Business is calling for the appointment of the much-promised Small Business Commissioner, after positive news from the Grocery… More

OnGuard and Credit Tools announce merger

Thursday, 08 December 2016

OnGuard and Credit Tools are combining forces and are announcing a merger. As a result, the position of the new organisation as market leader in credit management software in Europe will be further strengthened. The new name of the organisation will be announced at a later stage. OnGuard and Credit Tools are both strong and profitable companies with excellent possibilities for further growth. The merger will optimise the innovative capacity so that the organisation can continue to fulfill its strategic pioneering role for customers in the entire order-to-cash process.

The new organisation
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, former CEO of OnGuard, will be appointed as CEO and Pim van der Hagen, former CEO of Credit Tools, will be appointed as COO of the new company.

Bert van der Zwan: "The two companies are a perfect fit. 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.”

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