OnGuard and Credit Tools have announced a merger, creating a new organisation that will aim to strengthen its market position for credit management software in Europe, including the UK.

With the new name of the organisation will be announced at a later stage, OnGuard and Credit Tools are looking forward to possibilities for further growth. The merger looks to optimise the innovative capacity so that the organisation can continue to fulfill its strategic pioneering role for customers in the entire order-to-cash process.

Bert van der Zwan, former CEO of OnGuard said, "the two companies are a perfect fit. The merger means we will benefit from a substantial increase in economies of scale with regard to product development as well as regarding the go-to-market. We look forward to building an innovative and successful future together with Credit Tools.”

The new company will be located at the existing office locations in the Netherlands and will not cause any redundancies. Bert van der Zwan, former CEO of OnGuard, will be appointed as CEO and Pim van der Hagen, former CEO of Credit Tools, will be appointed as COO of the new company.

Pim van der Hagen, former CEO of Credit Tools added, "I am very excited about this combination of the two leading credit management software companies in the Netherlands. Together, we will be able to realise our global ambitions.”