TIIN Capital and the management of Chess have successfully completed a round of investment in Chess information Technology BV (Chess iT). Chess iT designs, develops and maintains critical transaction systems and mobile payment solutions for the top 100 Dutch companies.
René Hodde, co-‐founder and CEO Chess: “We are very pleased to have an investor with the entrepreneurial attitude of TIIN Capital invest in Chess. The funding provided by TIIN allows us to actively pursue our strategy of growth, based on extending our core competencies with a component-‐based approach to our focus markets, including solutions for NFC payments and mobile transactions.”
Willem van den Berg, director of TIIN Capital: “Chess iT has a proven track record and significant experience in delivering critical IT software and solutions to its customers and markets. Our own network of participations provides many opportunities to actively support Chess in achieving its strategy of growth.”
“We believe that the highly motivated, educated and skilled employees of Chess, along with its state of the art software development center, provides a solid foundation for increasing market share in complex transaction systems. This includes the fast-‐moving and innovative field of contactless and mobile payments, in which Chess is an important strategic partner for its customers.”
In light of this investment, all activities will be consolidated in Chess Information Technology International BV, under the brand Chess iX.
About Chess iT
Chess iT, located in Haarlem, the Netherlands, focuses on software development and system integration to create new products and applications for innovative organizations in the financial sector and other transaction-‐centered markets (such as payments, ticketing and contactless solutions). Chess iT supports these products throughout their lifecycle, ensuring relevance and return on investment.
Recently Chess iT has invested in creating “fit for purpose” software components for eCommerce portals, electronic payments, virtual account systems and NFC technology. Components that, just as our bespoke products, are designed to remain fit for change for years to come.
The clients of Chess iT include ING, Bank Mendes Gans, Rabobank, Equens, KNVB, TLS, Albert Heijn, Connexxion en ANWB.
TIIN Capital (The Informal Investors Network) manages over 30 million euros and leverages a network of over 500 informal investors. Entrepeneurship, the network’s knowledge of markets and technology and capital are all essential elements of TIIN’s participations. As an ‘entrepreneurial investor’ TIIN accelerates the of technology companies with active growth and buy-‐&-‐build strategies.
TIIN Capital uses its Buy-‐out & Growth Fund to invest in companies with potential for growth, and those with a buy-‐out/buy-‐in or buy-‐&-‐build strategy. The Tech Fund 1 & 2 invests in early-‐phase technology companies.
Visit http://www.tiincapital.nl/ for more information.
Chess iT International Rene Hodde -‐ Director E: firstname.lastname@example.org TIIN Capital Willem van den Berg -‐ Director E: email@example.com