Omikron and COPS join forces to set new standards in Payments and Treasury

With the merger of Omikron (multicash) and COPS (corima), a new provider of payments and treasury solutions in the DACH region is established, with the aim to introduce an integrated end-to-end platform as a central component of the CFO suite of the future.

In a significant step forward for the multicash and corima software solutions, Omikron – a portfolio company of private equity investor FLEX Capital – has merged with COPS. Together, they will in future offer businesses a comprehensive, end-to-end solution for key CFO processes from a single source. The parties have agreed not to disclose the financial details of the transaction.

Two complementary strengths, one shared goal

Omikron and COPS have been working together as product partners for several years and serve numerous joint clients. multicash specialises in payment processing and cash management, whilst corima focuses on corporate treasury, risk management, accounting and liquidity management. The two product portfolios complement each other almost seamlessly in terms of functionality and also run on a technologically related platform.

The aim of the merger is to create an integrated end-to-end platform for payments and treasury, which will enable the Group to cover key processes within the Office of the CFO in future – from payments and liquidity management to risk management and accounting. To this end, Omikron and COPS are combining decades of experience in the payments and treasury sectors, as well as the expertise of around 150 employees at their offices in Cologne, Vienna, Wetzlar and Hamburg. Already, more than 700 direct corporate clients rely on the solutions provided by the two companies.

The group will be led in future by Dr Daniel Appelhoff as CEO, alongside the current COPS managing directors Lukas Steiner, Martin Zavadil and Christopher Lapp. They will remain on board and play an active role in shaping the joint platform strategy.

Reactions to the merger

“Liquidity has long been a strategic control variable for companies – and to manage it, CFOs need transparency, from individual payments right through to treasury decisions. In COPS, we have found a company that is a good fit for us, both professionally and culturally. Together, we are gradually transforming multicash and corima into a platform that reflects the increasing interconnection of financial processes and offers our customers a strong technological foundation for the long term.”
Dr. Daniel Appelhoff, CEO

“Payments and treasury go hand in hand – we see this every day in our interactions with our clients. In Omikron, we have found a partner that brings precisely the strength in payment processing that ideally complements our offering, and with whom we can build a shared platform for the long term.”
Lukas Steiner, Managing Director of COPS

„“The ‘Software of the CFO Office’ market is increasingly demanding integrated solutions rather than individual building blocks. We acquired Omikron in 2023 with the strategic aim of establishing a leading platform for these areas. With COPS, we are now taking a decisive step towards this goal: we are creating a broader and more integrated offering, thereby strengthening our value proposition to our customers and taking an important step on our shared journey to becoming a leading provider of payments and treasury solutions in Europe.”
Peter Kautz, Partner at FLEX Capital

About Omikron

With over 40 years’ experience in the financial sector, Omikron is one of the leading providers of e-banking and payment factory solutions. With its electronic banking system, multicash, Omikron offers multi-bank-compatible, modular standard software for corporate clients and banks for processing payments and cash management. Founded in 1983 as a family-run business, the company now employs around 91 staff at its headquarters in Cologne and serves over 650 corporate direct clients with its solutions. Omikron is a portfolio company of FLEX Capital. Further information is available at www.multicash.com.

About FLEX Capital

FLEX Capital is a private equity fund founded by successful serial entrepreneurs and software specialists; it invests in profitable, bootstrapped software and tech SMEs in the DACH region. Further information is available at www.flex.capital.