TBlox successfully raises growth equity financing Print

Rotterdam, 4 februari - TBlox today announced it successfully raised growth equity financing. The funds will be used to accelerate the global roll-out and increase software development activities. Amongst the investors are some well known Venture Capitalists. No further details were provided. TBlox is a leading edge SaaS (Software as a Service) company with the head office in The Netherlands.

"TBlox offers a powerful suite of online business software modules. These "T"ools, called "Blox", are extremely user-friendly with a web-experience interface that users are familiar with, surfing the internet", said Jeroen Volk, Director Operations of TBlox B.V. "TBlox software is used by SME as well as Large corporate global companies. They all have access to the same portfolio of functionalities, using the same version of the software, resulting in short implementation periods. We will increase the investments in both the software as well as tools for partners to implement and support our users."

"We migrated to a full indirect sales model in 2007, making the company more flexible and scalable. Our partner-network of private-label, sales, implementation and support partners currently has a global coverage", added Vilayat William, Director Business Development of TBlox B.V. "Our goal is to have millions of users in over 100 countries at the end of 2008. To support this growth, we will further invest in expansion and strengthening our partner network."

TBlox B.V. experiences a significant increase in demand for very user-friendly, high performance IT solutions to support company activities. With over 30 software modules, TBlox offers a suite of software modules that help employees to work more effectively and efficiently, and provide management with real-time reporting and Business Intelligence about the company activities. TBlox software can be used as stand-alone software, but is also used as "add-on" to existing software.

TBlox will shortly announce the TBlox-Connected program, inviting other software vendors to integrate with TBlox software. This "freedom of software" enables clients to make a selection of software based on best-of-breed.

A brief overview of some of the over 30 TBlox modules:

TBlox-Business Cockpit

  • TBlox-Purchase - a full Purchase to Pay application. The unique SuperSearch functionality allows searching of products directly in supplier databases, resulting in real-time results of client specific product and price information. Some other unique functionalities are LOT-number registration, full track-and-trace of goods, the ability to handle "(food) portions" (buy pieces, pay per weight), complex Units of Measure of goods

  • TBlox-WarehouseManagement - advanced logistics supported with scanners, LOT number registration and track-and-trace of goods

  • TBlox-InvoiceScanning - scanning and online processing of paper invoices

  • TBlox-Document - advanced document management, linked to other modules including advanced workflow of documents

  • TBlox-Expense - online expense sheets

TBlox-HRM Cockpit

  • TBlox-JobProfiles - job profiles always available for employees

  • TBlox-Competences - facilitating competence management

  • TBlox-Appraisal - online appraisal of employees; supported with TBlox-JobProfiles and TBlox-Competences a strong set of tools for professional employee management

  • Content for these modules is available via FinanceHRMHouse B.V., a subsidiary of TBlox B.V.