- Thorsten Petter and Maximilian Schweitzer, plenigo’s co-founders, will become shareholders of Billwerk+
- PSG invested in Billwerk+ in May 2021
- plenigo is the third acquisition made by Billwerk+ since PSG’s investment
Billwerk+, backed by PSG Equity, to acquire plenigo, a German subscription management and recurring billing software service provider for publishing and media companies.
No financial details of the transaction were disclosed.
Plenigo is headquartered in Kempten in the Allgäu region.
Thorsten Petter and Maximilian Schweitzer, plenigo’s co-founders, will become shareholders of Billwerk+.
PSG invested in Billwerk+ in May 2021.
“By adding plenigo to the Billwerk+ group, we have gained a significant presence in the publishing and media sector in DACH and enhanced the platform to support Billwerk+’s ongoing growth and development into a scaled pan-European player,” said Romain Railhac, MD at PSG.
Plenigo is the third acquisition made by Billwerk+ since PSG’s investment, following the combination with Reepay in November 2021, and the acquisition of Sofacto in January 2022.
PSG is a growth equity firm that partners with software and technology-enabled services companies. The firm is based in Boston, Massachusetts.
Billwerk+ provides a cloud-based payment, billing, and subscription management platform that simplifies the management and billing of recurring and consumption-based services. The company is based in Frankfurt, Germany.