Lior Wilczynski ceo of Morning by Green Invoice (LinkedIn)
TeamSystem, an Italian tech company that develops digital solutions for business management for companies and professionals, has signed a binding agreement to acquire shares representing 80% of the corporate capital of Israeli startup Morning by Green Invoice Ltd. While the terms of the deal were not disclosed, Calcalist cited “sources familiar with the deal” that said it is worth $150 million. Fortissimo invested $20 million in Morning in 2021 at a valuation of approximately $50 million.
Founded in 2011 by CEO Lior Wilczynski and CTO Rami Gabai, Morning by Green Invoice is a fast-growing and dynamic Startup that offers businesses and independents a super smart & user-friendly SaaS platform for invoicing and business management service. Essentially, “Morning by Green Invoice” is a tool designed to give business owners a quick, daily snapshot of their financial health.
While studying computer engineering at the College of Management, Morning’s two founders met and, after experiencing firsthand the challenges of running independent businesses, established a company to provide self-employed individuals with innovative, intuitive, and straightforward business management tools.
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TeamSystem is a leading Italian company specializing in business software and training services. They provide a wide range of solutions for various sectors, including:
Businesses of all sizes: From small businesses and artisans to large enterprises.
Professionals: Accountants, consultants, and other professionals.
Associations: Non-profit organizations and other associations.
Sports and wellness centers: Gyms, fitness centers, and other sports facilities.
Their offerings include:
Management software: For accounting, finance, human resources, and other business processes.
Digital services: For electronic invoicing, digital document management, and other digital solutions.
Training and consulting: To help businesses implement and use their software effectively.
TeamSystem recently acquired Morning, the Israeli fintech company behind the “Green Invoice” system. This acquisition is expected to further enhance TeamSystem’s digital offerings and expand its reach.
In essence, TeamSystem is a major player in the Italian business software market, providing comprehensive solutions to help businesses of all sizes manage their operations efficiently.
