Cassiopae announced that Singhammer dtSoftware GmbH is now a Cassiopae company. The combined company becomes one of the largest providers of leasing and lending software solutions in the region and expands Cassiopae’s coverage in Germany, Austria, Switzerland, Czech Republic, Slovakia, and Hungary.

“The Singhammer brand is highly respected,” said Mr. Gillet, Cassiopae President. “By joining together, we reinforce Cassiopae’s presence in the region and add knowledgeable, highly experienced local resources. We also add new clients who may be able to leverage Cassiopae’s scale and international expertise.”

With over 50 existing clients and an excellent reputation, Singhammer is well-positioned for further growth.

“For us, this merger offers exciting new opportunities,” said Mr. Spehr, Singhammer CEO. “Cassiopae’s balance sheet strength and research and development resources are significant. We look forward to the benefits that being part of a larger company can bring to our clients and staff, and to helping Cassiopae’s development in the region,” he added.

Singhammer will be re-branded initially as “Singhammer dtSoftware GmbH a Cassiopae company.”

Over more than 30 years, Singhammer dtSoftware GmbH has evolved into one of the leading software suppliers for the leasing industry. Today over 50 companies throughout Europe, and particularly in Germany, Austria and Switzerland, benefit from Singhammer products and services. Close, efficient collaboration and dialogue with clients, profound knowledge of the industry and commitment of qualified employees build the foundation for Singhammer’s reputation and high level of awareness in the industry.

Cassiopae global finance and asset management solutions support millions of assets in live lease and loan portfolios at more than 300 customer sites in over 35 countries. A multi-lingual, multi-currency solution, Cassiopae’s lending, leasing, and asset management software offers a configurable web based user interface and leverages industry-standard technology including Web 2.0 Rich Internet Application technology, Oracle® DB, Unix®, Linux®, and Windows® environments.