Velbert / Ratingen 30.10.2023: ab-data GmbH & Co. KG, Velbert, and ARTEMEON Management Partner GmbH, Ratingen, have agreed on a strategic partnership to expand competencies in software development and digital transformation, and to explore joint growth opportunities.
ab-data ranks among the market-leading GovTech providers for municipal financial accounting. ARTEMEON develops and operates Governance, Risk & Compliance software solutions for banks, insurance companies and investment management companies.
The strategic partnership of ab-data and ARTEMEON leverages the specific knowledge and experience of 150 employees in both companies. This creates a software development and web-based software solutions competence center with office locations in Velbert, Ratingen and Mettmann.
Through their cooperation, both family-owned and -managed companies emphasize the importance of the Kreis Mettmann region as business location and competence center for digitization. In the medium term, the strategic partners aim to increase their joint headcount to 250 employees.
Both companies have identified initial joint projects and plan to participate as consortium in public tenders. The strategic partnership was underlined with equity investments in both, ab-data GmbH & Co. KG and ab-data GmbH. The future management team will be formed by Dr. Markus Bremkamp and Dr. Ulrich Bongartz.
Dr. Markus Bremkamp, Managing Director of ab-data GmbH & Co. KG, comments:
“The digitization of Germany is one of the most important, socio-political tasks. It requires a rethink in many places and in many minds. It is therefore a major challenge for all those involved in the process. We are ready for it. And as a regional, medium-sized, family-owned company, we do not want to leave this field to large, partly globally active corporations alone.
The partnership between ARTEMEON and ab-data is therefore a great opportunity for all of us. Building on common values, we can put our knowledge, our experience and our knowledge of the German market into innovative digitization projects such as our new VOIS financial system. In the end, everyone will benefit from these: Municipalities, companies and ultimately we as citizens of this society of ours.”
Dr. Ulrich Bongartz, Managing Director of ARTEMEON Management Partner GmbH explains:
“Our new partner ab-data has established itself as a reliable partner for municipalities and local government. Our new partnership combines GovTech and RegTech competences from both companies. The corporate cultures of ab-data and ARTEMEON are non-hierarchical, agile and characterized by entrepreneurship with high professionalism. Both companies are supported by committed and highly motivated employees. This is an ideal fit and the basis for a successful cooperation. We are very much looking forward to the next steps together.”