STP Informationstechnologie GmbH Strengths, Domain Expertise, and Key Differentiators
STP Group was founded in 1993 and is headquartered in Karlsruhe. As a legal tech company, it develops and markets software, services and information services for law firms, legal departments and provides the de facto standard for bankruptcy trustees and courts.
STP Informationstechnologie GmbH Recent Developments
In March 2023 The STP Group unveiled its debtor app, InsO-Up, at the 20th German Insolvency Law Day signifies a significant leap in the company's commitment to innovation in the insolvency domain. The introduction of InsO-Up is poised to transform communication and data exchange during consumer insolvency proceedings, streamlining processes for both insolvency administrators and debtors.
By providing a transparent view of the proceedings, reducing administrators' workload, and supporting the digitization of forms, InsO-Up emerges as a valuable tool in the insolvency landscape. The app's feature that allows debtors to access real-time procedural information fosters active involvement in their insolvency proceedings, enhancing the overall efficiency of the process. Additionally, the app's provision of digitized forms and support for receipt digitization promises to significantly reduce the administrative burden in insolvency proceedings.
STP Informationstechnologie GmbH Mergers and acquisitions (M&A) Activities
In October 2022 STP Group's strategic move to acquire Rummel Software, a notable producer of law firm and insolvency software, marks a significant expansion of its product portfolio in the legal tech space. With this announcement, STP solidifies its leading position in the German-language legal tech software market and establishes a robust foundation for further growth across Europe.
This move follows STP's previous acquisitions of Advo-web and consulting firm Hülskötter, highlighting the company's commitment to bolstering its offerings. The integration of Rummel Software enhances STP's ability to cater to the diverse needs of SME law firms, positioning the company to provide tailored solutions for a broader clientele. The synergies between STP and Rummel Software aim to support the digitalization of law firm business by offering innovative concepts and tried-and-tested best practices, reinforcing STP's reputation as a forward-thinking legal tech provider.
Later on in 2022, STP Group made dual acquisitions of Advo-web and Hülskötter & Partner in August 2022 signifying a pivotal moment in the company's growth strategy, propelling it towards becoming the leading legal tech platform in Europe. By adding Advo-web's law firm software advoware and Hülskötter's legal tech consultancy and sales expertise to its arsenal, STP enhances its product portfolio for small and medium-sized law firms.
The acquisitions expand STP's client base to over 7,000 law firms, strengthening its market position and introducing its innovative solutions to new target groups. This strategic move aligns with the accelerating digital transformation in law firms, where the demand for intelligent, highly automated, cloud-based software solutions is on the rise. STP's vision includes initiating an automation and workflow revolution in the legal tech space, utilizing cloud-based services and the latest AI technology to shape the future of legal consultancy. The acquisitions underline STP's commitment to faster and greater growth through innovation, positioning the company as a key player driving digitalization in the legal sector.
STP Informationstechnologie GmbH Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying STP Informationstechnologie GmbH applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of STP Informationstechnologie GmbH and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified LEXolution, Winsolvenz customers.
STP Informationstechnologie GmbH Overview
Ownership: - x
Number of Employees: 300
Functional Market: Time and Attendance,
Key Verticals: Professional Services,
STP Informationstechnologie GmbH Key Cloud and HCM Applications
LEXolution, Winsolvenz
STP Informationstechnologie GmbH HCM and Cloud HCM Applications Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| HCM Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* HCM Applications Revenues = License + Support & Maintenance + SaaS ( Hardware and Prof. Services are Excluded )
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
STP Informationstechnologie GmbH Revenue Breakdown by Type:
STP Informationstechnologie GmbH HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets | % of HCM Revenue in the HR Segment | 2023 HCM Revenues, By HR Segment, $M | |
STP Informationstechnologie GmbH HCM Applications Revenues By Verticals, $M:
STP Informationstechnologie GmbH Total and HCM Applications Revenues by Region:
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 HCM Applications Revenues, $M |
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| Americas | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe |
STP Informationstechnologie GmbH Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
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| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
STP Informationstechnologie GmbH Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified STP Informationstechnologie GmbH Customers
No. of STP Informationstechnologie GmbH Customers: 7000
No. of STP Informationstechnologie GmbH HCM Applications Customers: x
No. of STP Informationstechnologie GmbH Cloud HCM Customers: x
No. of STP Informationstechnologie GmbH Cloud HCM Subscribers: x
More than 7,000 clients optimize their processes with a focus on profitability and compliance and obtain valuable business information which has been refined from public sources with expertise. More than 300 employees work on the success of their customers in Europe.
STP Informationstechnologie GmbH Market Opportunities, M&A and Geo Expansions
In July 2023 STP Group acquired Knowliah, a leading AI-powered SaaS provider for enterprise legal management solutions, underscoring the company's robust push towards enhancing its legal tech portfolio and expanding its global footprint. This move represents STP Group's fourth acquisition within a year, emphasizing its commitment to staying at the forefront of legal tech innovation. Knowliah's expertise in process optimization and communication within legal departments aligns seamlessly with STP Group's vision of becoming the preeminent European legal tech platform for law firms and corporate legal departments.
The addition of Knowliah's AI-powered SaaS platform further solidifies STP Group's position in offering comprehensive support to legal professionals. With more than 25,000 users across 25 countries, Knowliah brings a wealth of experience, catering to the legal departments of prominent companies. The integration of Knowliah's capabilities, including contract lifecycle management and knowledge management, into the STP product portfolio enhances efficiency and productivity for the diverse clientele of over 7,000 customers.
STP Informationstechnologie GmbH Risks and Challenges
STP Group's expansion into the global market presents both opportunities and inherent risks. While venturing into international markets can open doors to a broader customer base and increase revenue streams, it also exposes the company to a range of challenges.
The competitive landscape may differ significantly, requiring agile strategies to contend with local and global competitors. Operational challenges related to managing distributed teams, ensuring consistent service quality, and adapting to varied market demands could also arise.
STP Informationstechnologie GmbH Ecosystem, Partners, Resellers and SI
The strategic partnership formed in July 2023, between STP and Netgo marks a significant collaboration aimed at advancing digitalization in the legal industry. STP, a leading legal tech software vendor, and Netgo, a highly certified IT services specialist, are pooling their strengths to drive digital transformation processes for law firms and legal departments across various industries.
STP's expertise in developing cutting-edge software solutions for the legal market complements Netgo's experience in IT infrastructure, enabling seamless hosting and operation of solutions through managed services. This partnership streamlines the digital transformation journey for law firms and corporate legal departments, offering a comprehensive portfolio that enhances efficiency and competitiveness. By leveraging Netgo's managed service offerings, clients can directly benefit from the added value of STP solutions without concerns about software operation.
As the legal industry increasingly embraces digitalization, the STP-Netgo partnership positions itself as a key player in empowering legal professionals to optimize business processes and gain a competitive edge in the evolving legal landscape. Oliver Bendig, CEO of STP, and Oliver Mauss, CEO of Netgo, express their anticipation for the collaboration, highlighting the synergies between innovative software solutions and managed services that will drive the digital transformation of law firms and legal departments.
STP Informationstechnologie GmbH Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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- STP Informationstechnologie GmbH Public Cloud and Infrastructure (IaaS)
- STP Informationstechnologie GmbH Platform (PaaS)
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- STP Informationstechnologie GmbH Private Cloud and Data Centers
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
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