Sentenial Plans €20m European Expansion
Single euro payments area (SEPA) payment solutions provider, Sentenial, will invest more than €20m over the 15 month period between now and the SEPA end date to expand across Europe. The expansion plans include several new European offices and a recruitment campaign to support service delivery and development.
The EU regulation, which introduced the SEPA end date, has created a deadline of 1 February 2014, by which time all credit transfers and direct debits in euro must migrate to the new pan-European SEPA standards. Sentenial offers solutions to manage that migration and the ongoing management of payments thereafter.
The first phase of the plan includes offices in Amsterdam, Frankfurt and Paris. Each office will house local support and sales resources. Sentenial is also expanding its pan-European partner programme and is actively seeking partners to bring the Origix product suite to market throughout Europe.
Sentenial chief executive officer (CEO) Sean Fitzgerald said: “We have steadily expanded the organisation over the past 12 months in response to increasing demand and success. This investment will enable us to accelerate product enhancement and pull in our roadmap for next-generation SEPA – post end date. Our customers will see accelerated product feature and new service evolution. Building on our presence in many countries by opening permanent offices we will enhance the service experience of our customers domestically and internationally.”