With the acquisition of AMANA, the leading software provider for financial reporting and tax solutions in Europe, LucaNet underlines the importance of the “Disclosure Management” segment and sustainably strengthens its global market position for Corporate Performance Management (CPM), especially in the areas of Tax Compliance and Tax Reporting. As part of the LucaNet group, thanks to the broad solution portfolio, international orientation, and maturity of the global organization, AMANA will reach new customers and better meet the needs of the existing customer base.
LucaNet AG ("LucaNet"), an international provider of Corporate Performance Management software for the Office of Finance, announces the acquisition of long-standing, global strategic partner AMANA.
Both companies have been working successfully in close partnership since 2015 and offer their customers joint solutions, such as the "SmartNotes" and "XBRL-Tagger" tools, which optimally complement LucaNet solutions with extensive functions for business and financial reporting as well as digital transmission.
Also, in the context of ESG reporting, which will occupy many medium-sized companies and corporations in the coming years, AMANA and LucaNet can already offer their customers a simple, fast, and secure solution, which is now being further expanded.
Furthermore, the acquisition marks LucaNet’s entry into the tax software market, in which AMANA has been able to establish a market-leading role as an innovation leader and trusted technical expert, among others, with solutions for income and sales tax for years.
The addition of AMANA in the LucaNet Group is now the next step in further deepening the cooperation and expanding its success internationally and thus represents an important milestone in LucaNet's global growth strategy.
"We are very pleased to establish AMANA as a new business unit within the LucaNet Group and to further expand our range of innovative software solutions in this new constellation," says Philipp Stampfuss, one of the four founders and managing directors of AMANA. "Our expertise in financial reporting and tax solutions perfectly complements LucaNet's strength in consolidation, planning and reporting. We have worked closely with LucaNet for many years. AMANA will benefit from the experience, infrastructure and reach of the LucaNet Group. We look forward to the future together.”
Jörg Ringelstein and Thorsten Funke add: "The partnership between LucaNet and AMANA will further strengthen the already globally successful joint solution portfolio with a range of leading tax solutions and, with the planned establishment of a joint "Regulatory Competence Center", will also lay the technical foundation for future product innovations along the rapidly changing regulatory market environment.
"We warmly welcome AMANA, its employees and shareholders to the LucaNet Group," said Elias Apel, LucaNet Group Board Member and CFO. "The deepening of our partnership creates a new European CPM software champion with a unique product offering for the Office of Finance. Our more than 5,000 joint customers, as well as the many hundreds of new customers each year, can look forward to fully integrated, cross-functional solutions that will make it even easier for them to meet the dynamic challenges of finance in the future."
About LucaNet:
LucaNet was founded in 1999 with the vision of developing a software solution that offers planning, controlling, and consolidation in a single tool. Since then, the company has developed into a leading provider of Corporate Performance Management software for Finance worldwide. With more than 4,000 loyal customers in over 50 countries and locations in China, Singapore and the USA, and a strong European presence, LucaNet employs more than 500 individuals worldwide.
About AMANA:
With more than 150 developers and subject matter experts, AMANA develops specialized, user-friendly and intelligent systems for tax, disclosure management, XBRL, and leasing. The software solutions are designed to automate processes in a sustainable way and to adapt to the ever-increasing demands of digitalization.
LucaNet AG ("LucaNet"), an international provider of Corporate Performance Management software for the Office of Finance, announces the acquisition of long-standing, global strategic partner AMANA.
Both companies have been working successfully in close partnership since 2015 and offer their customers joint solutions, such as the "SmartNotes" and "XBRL-Tagger" tools, which optimally complement LucaNet solutions with extensive functions for business and financial reporting as well as digital transmission.
Also, in the context of ESG reporting, which will occupy many medium-sized companies and corporations in the coming years, AMANA and LucaNet can already offer their customers a simple, fast, and secure solution, which is now being further expanded.
Furthermore, the acquisition marks LucaNet’s entry into the tax software market, in which AMANA has been able to establish a market-leading role as an innovation leader and trusted technical expert, among others, with solutions for income and sales tax for years.
The addition of AMANA in the LucaNet Group is now the next step in further deepening the cooperation and expanding its success internationally and thus represents an important milestone in LucaNet's global growth strategy.
"We are very pleased to establish AMANA as a new business unit within the LucaNet Group and to further expand our range of innovative software solutions in this new constellation," says Philipp Stampfuss, one of the four founders and managing directors of AMANA. "Our expertise in financial reporting and tax solutions perfectly complements LucaNet's strength in consolidation, planning and reporting. We have worked closely with LucaNet for many years. AMANA will benefit from the experience, infrastructure and reach of the LucaNet Group. We look forward to the future together.”
Jörg Ringelstein and Thorsten Funke add: "The partnership between LucaNet and AMANA will further strengthen the already globally successful joint solution portfolio with a range of leading tax solutions and, with the planned establishment of a joint "Regulatory Competence Center", will also lay the technical foundation for future product innovations along the rapidly changing regulatory market environment.
"We warmly welcome AMANA, its employees and shareholders to the LucaNet Group," said Elias Apel, LucaNet Group Board Member and CFO. "The deepening of our partnership creates a new European CPM software champion with a unique product offering for the Office of Finance. Our more than 5,000 joint customers, as well as the many hundreds of new customers each year, can look forward to fully integrated, cross-functional solutions that will make it even easier for them to meet the dynamic challenges of finance in the future."
About LucaNet:
LucaNet was founded in 1999 with the vision of developing a software solution that offers planning, controlling, and consolidation in a single tool. Since then, the company has developed into a leading provider of Corporate Performance Management software for Finance worldwide. With more than 4,000 loyal customers in over 50 countries and locations in China, Singapore and the USA, and a strong European presence, LucaNet employs more than 500 individuals worldwide.
About AMANA:
With more than 150 developers and subject matter experts, AMANA develops specialized, user-friendly and intelligent systems for tax, disclosure management, XBRL, and leasing. The software solutions are designed to automate processes in a sustainable way and to adapt to the ever-increasing demands of digitalization.
