LEA Partners acquires SUBITO AG and strengthens its software platform for the financial services industry
Karlsruhe, November 18th, 2021 - The German technology investor LEA Partners (“LEA”) acquires SUBITO AG („SUBITO“), a leading German software provider for credit management, debt collection and specialised consulting services. After b+m Group and Base-Net Informatik AG, the acquisition of SUBITO represents the next strategic milestone in building a leading financial services software platform across the DACH region.
SUBITO, which was founded in 1990 and currently employs around 100 people at its headquarter in Mörfelden-Walldorf and its branches in Vienna and Luxembourg, is a leading software provider and consulting specialist for credit management and debt collection enabling the design and optimisation of finance processes. SUBITO’s software solutions cover the entire credit process ranging from credit origination, processing, and risk management to credit changes. Thereby, SUBITO supports savings banks, mutual savings banks as well as private banks in the field of consumer credit, mortgage lending, corporate credit and distressed loans. In addition, SUBITO offers state-of-the-art software solutions in the field of debt collection for corporates with in-house collection solutions as well as debt collection agencies. Due to the modular structure of the solutions and in combination with the process competence from its consulting division, SUBITO is able to cater to individual customer needs. The high degree of flexibility is viewed as an important value-add for banks and savings banks to link SUBITO’s solutions to the complex architecture of core banking platforms.
Thomas Jansen, CEO of SUBITO AG:
„With LEA, we have won a strong partner that also provides excellent knowhow and market access into the financial services industry. This allows us to accelerate our strategic focus to banking and debt collection and to significantly leverage and extend our product portfolio via the joint platform. We are looking forward to partnering with LEA and our new sister companies b+m and Base-Net”
Philipp Hertel, Partner at LEA:
“We are delighted to have won SUBITO, a leading software specialist for credit management and debt collection. This means for our platform that we now cover the entire span of the credit process from credit origination up to refinancing. Moreover, this applies for a wide range of credit types such as consumer credit, mortgage lending and promotional loans. In addition, SUBITO‘s leading position in debt collection is an excellent basis for further growth. With this transaction, we have achieved another significant milestone in building a leading financial services software platform across the DACH region.”