Austria-based E/CTRM Company ComFin Software has been acquired by N & D Beteiligungs-GmbH, a newly-registered holding company co-owned by Mr. Gerald Neher and his partner Mr. Gunther Dauner.
ComFin is a well-established E/CTRM-industry player, having been active across 13 countries for 20+ years. ComFin was formerly owned by Soinco, JBC Vienna, and PVM Oil Associates. By the end of 2018 N & D Beteiligungs-GmbH has bought the ownership of ComFin Software.
ComFin’s management looks forward to continuing its world-class support of its customers around the globe. With ComFin’s out-of-the-box systems TheBulldog and Comcore underpinning its industry-leading suite of E/CTRM solutions, as well as highly-specific tailor-made solutions, ComFin supports the trading and risk management activities of many of the biggest names in the oil industry the world over. Some of the company’s customers include: ENOC, Unipec, PTT, etc.
Led by existing management and powered by a talented, vibrant and energized team of employees, ComFin expects continued revenue growth fuelled by the market launch of ComFin’s Comcore solution and its key capabilities focused on supporting the whole lifecycle of both derivatives and physical deals. On the back of a powerful proprietary framework, reporting engine, and an extensive partner ecosystem, ComFin’s system Comcore enables partners and customers alike to smoothly connect and orchestrate the entire commodity trading business. ComFin’s software solutions save its customers time and money while providing the ability to keep a close eye on the ever-lurking financial risk.
“I’m excited to take on this next chapter in ComFin’s growth,” said Gerald Neher, Managing Director of ComFin. “I have always acknowledged that a talented team makes all the difference and this ownership approach ensures the maximum performance of our team. We see significant upside potential in forging our own path as a company. Similarly, we are pleased by the tremendous market reception of our flagship products, TheBulldog and Comcore, and how it has enabled our customers to drive efficiencies and revenue-growth through automation and integration.”
About ComFin Software
ComFin offers software solutions and consulting services to the global energy and commodity industries with a particular focus on traders and shipping companies. ComFin’s legacy and industry-pioneering system TheBulldog and the new Comcore software are comprehensive packages that thoroughly support trade administration, mid office, back office, shipping, storage, logistics, and reporting. The solutions are widely used by companies in the crude oil, chemical, petrochemical, shipping, and refined product industries and have full coverage across all physical transactions and paper instruments.
