cosinex
cosinex GmbH is a privately held German GovTech software company providing modular e-procurement platforms for federal, state, and municipal governments across Germany, covering the full public-procurement lifecycle from demand identification through electronic invoicing with AI-assisted code classification.
- Company typePrivate
- Founded2002
- HeadquartersBochum, Germany
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
What cosinex does
cosinex GmbH is a privately held German GovTech software company founded in 2002 (firmographics reference 2000) and headquartered in Bochum, North Rhine-Westphalia. The company specializes in the digitalization of public procurement (E-Vergabe) for federal, state, and municipal government institutions across Germany, positioning itself as a pioneer in the field with over 20 years of accumulated domain expertise in German and EU procurement law.
Its product portfolio centers on a modular web-based procurement platform spanning the full lifecycle from demand identification through electronic invoicing. Core offerings include the Beschaffungsmanagementsystem (BMS) for end-to-end procurement management, the Vergabemarktplatz marketplace for tender publication and bid management, the Vergabekatalog for catalog management, the eDI module for direct order capture with an AI-assisted CPV code identifier, and the E-Rechnung electronic invoicing module. The 2026-launched cosinex SmartProcure reframes these modules as a unified 'operating system for procurement' addressing fragmented organizational and technical structures across decentralized public-sector stakeholders. xrechnung.io extends reach via a freemium web portal for XRechnung-format invoicing.
Revenue is generated primarily through modular software licensing and subscription contracts on an operator-model basis per module, supplemented by professional services revenue from the annual Vergabesymposium flagship conference and cosinex Akademie training programs, and freemium-to-premium conversion on xrechnung.io. Distribution is enterprise field sales targeted at public procurement entities, supported by demo and test center trials, an annual event circuit spanning more than a dozen German and Austrian procurement conferences, and a content-marketing engine anchored by the cosinex Blog and monthly Vergabe-Newsletter. The company operates without disclosed external investors under three managing directors (Carsten Klipstein as Chairman, Carsten Eschenröder, Thorsten Schneider).
cosinex firmographics
Firmographics- Name
- cosinex
- Legal name
- cosinex GmbH
- Website
- https://cosinex.de
- Company type
- Private
- Founded year
- 2002
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- cosinex GmbH is a privately held German GovTech software company providing modular e-procurement platforms for federal, state, and municipal governments across Germany, covering the full public-procurement lifecycle from demand identification through electronic invoicing with AI-assisted code classification.
- Ownership category
- akta.pro rank
cosinex industry classification
Industry- Product category
- Government E-Procurement Software
- NAICS
- Software Publishers (513210)
- SIC
- Services-Prepackaged Software (7372)
- akta.pro primary industry
- Catalog & eProcurement Enablement (Punchout, Item Master) (BPAAAJAI)
Keywords
Where cosinex is headquartered
LocationHeadquarters
- HQ city
- Bochum
- HQ country
- Germany
- HQ region
- Europe
Offices1 record
Markets served
cosinex business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales
Revenue model
- Software Licensing and Subscriptions: Modular software licensing with operator models per module for the Beschaffungsmanagementsystem, Vergabemarktplatz, and related procurement tools
- Event Revenue: Revenue from hosting the annual Vergabesymposium and cosinex Akademie training courses
- xrechnung.io Premium Services: Free basic functions with premium value-added services available for a fee after 30-day trial period
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Pay-as-you-go | xrechnung.io free tier |
| Subscription | Annual | xrechnung.io premium services |
| One time/ perpetual license | Pay-as-you-go | Vergabesymposium ticket categories |
| Subscription | Pay-as-you-go | cosinex Akademie |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels7 records
cosinex product offering
Product offeringCore offering
cosinex GmbH provides e-procurement software solutions for public sector organizations in Germany. The company offers a suite of products covering the entire public procurement lifecycle, including tendering platforms, supplier management, electronic invoicing, and catalog solutions for contracting authorities.
Product overview
cosinex is a pioneer in e-procurement (E-Vergabe) offering a modular software platform for complete digitalization of public procurement processes. The product portfolio includes the core Beschaffungsmanagementsystem (BMS, formerly VMS) for end-to-end procurement management, the Vergabemarktplatz marketplace for tendering, and the Vergabekatalog for catalog management. Supporting modules include Erfassung Direktauftrag (eDI) for direct order capture, E-Rechnung for electronic invoicing, Webforms, Elektronische Melderegisterauskunft for registry lookups, and Online-Sicherheitsprüfung for security verification. The company positions SmartProcure as a comprehensive 'operating system for procurement' that integrates fragmented organizational and technical structures. cosinex serves federal, state, and municipal government institutions across Germany, with over twenty years of experience in public procurement digitalization.
Differentiator
Problem solved
Functional benefit
Brands
- cosinex Akademie: Training academy offering courses on procurement law and cosinex solutions
- Vergabesymposium
- xrechnung.io
- cosinex SmartProcure
- cosinex BMS (Beschaffungsmanagementsystem)
- cosinex Safe Passage
Products and services
- SmartProcure Procurement software solution for public sector entities to manage tendering and procurement workflows.
- BMS Bidder management system used by public contracting authorities.
- Vergabemarktplatz Tender marketplace platform enabling contracting authorities to publish and manage public tenders.
- Vergabekatalog Product and service catalog for public procurement.
- xrechnung.io Electronic invoicing solution aligned with the XRechnung standard for German public administration.
- Webforms Online form and workflow tool for public sector procurement processes.
Quantifiable outcome
- Over 500 participants at the sold-out Vergabesymposium 2026 demonstrate market leadership and thought leadership positioning
Companies that use cosinex
Customer profileNamed customers4 records
Segments2 records
Ideal customer profiles1 record
cosinex technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
AI capability5 records
Feature5 records
cosinex partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core and minor.
- Finanzministerium Nordrhein-WestfalencoreCollaboration on the VergabeService NRW project, developing an integrated guide system for procurement modules with single sign-on, personal start page, and cross-module analytics. First expansion stage includes the eDI (Erfassung Direktauftrag) solution with AI-assisted CPV code identification.
- Luther RechtsanwaltsgesellschaftminorSponsor of the annual Vergabesymposium conference organized by cosinex.
- DTVP Deutsches Vergabeportal GmbHminorSponsor of the annual Vergabesymposium conference organized by cosinex.
- Aulinger Rechtsanwälte NotareminorSponsor of the annual Vergabesymposium conference organized by cosinex.
- Bundesanzeiger Verlag GmbHminorSponsor of the annual Vergabesymposium conference organized by cosinex.
- GATE Eventmanagement & Veranstaltungstechnik GmbHminorSponsor of the annual Vergabesymposium conference organized by cosinex.
- GovMindminorSponsor of the annual Vergabesymposium conference organized by cosinex.
- Kompetenzzentrum innovative Beschaffung (KOINNO)minorSponsor of the annual Vergabesymposium conference organized by cosinex.
- KUBUS Kommunalberatung und Service GmbHminorSponsor of the annual Vergabesymposium conference organized by cosinex.
- VISION Consulting GmbHminorSponsor of the annual Vergabesymposium conference organized by cosinex.
Scale indicators3 records
Recent moves6 records
Expansion highlights6 records
cosinex competitors and assessment
Company assessmentDirect peers
- DTVP Deutsches Vergabeportal GmbH: Germany's largest federal public-procurement portal, hosting Bund and Länder tender publications and running Fachforum and Regionalforum events across Germany — directly competitive with cosinex for the same public-sector buyers and tender workflows.
- simplesystem GmbH & Co. KG: Bochum-based vendor of e-procurement and supply chain software with strong public-sector presence in Germany — competes head-to-head with cosinex on modular e-Vergabe offerings to Kommunen and Länder.
- subreport ELKA GmbH: Provider of the subreport ELKA e-procurement solution used by German public administrations — directly overlaps with cosinex's Vergabemarktplatz and Beschaffungsmanagementsystem in the public sector.
- Healy Hudson AG: German IT services and software vendor offering easy:eVergabe for public-sector electronic procurement — competes with cosinex for federal, state, and municipal e-procurement mandates.
- PortalSchmiede GmbH: Specialist in building custom portals and e-procurement platforms for German public administrations — competes in the same niche as cosinex with adjacent Bund/Länder/Kommunen customer base.
Broad incumbents
- SAP Ariba (SAP SE): Global procurement and supplier-management platform inside SAP's portfolio — broad incumbent with indirect overlap to cosinex in larger enterprises that interact with German public tenders.
- Jaggaer: Global procurement-suite vendor covering sourcing, contract management, and supplier management — broad incumbent whose public-sector offerings overlap with cosinex modules at the larger end of the market.
- reguvis GmbH: Wolters Kluwer subsidiary providing guidance, training, and digital tools around German public procurement law — broader incumbent in the same regulatory space that cosinex products operationalize.
Others
- Kompetenzzentrum innovative Beschaffung (KOINNO): Federal competence center for innovative public procurement under the Bundesministerium für Wirtschaft — ecosystem partner co-hosting Vergabesymposium and adjacent to cosinex's education and thought-leadership activity.
- Bundesanzeiger Verlag GmbH: Publisher of official federal tender notices and operator of related procurement platforms — adjacent ecosystem participant that publishes Vergabesymposium and intersects with cosinex's core tender workflow.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
cosinex social profiles
Digital presencecosinex financial estimates
Financial estimateRevenue estimate
Valuation estimate
cosinex leadership team
Management profileNumber of profiles
cosinex funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
cosinex M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about cosinex
What does cosinex do?
cosinex GmbH provides e-procurement software solutions for public sector organizations in Germany. The company offers a suite of products covering the entire public procurement lifecycle, including tendering platforms, supplier management, electronic invoicing, and catalog solutions for contracting authorities.
Is cosinex a public or private company?
cosinex is a private company. It is classified as unknown and is currently operating.
When was cosinex founded?
cosinex was founded in 2002. It employs 101 to 250 people.
Where is cosinex based?
cosinex is headquartered in Bochum, Germany, in the Europe region.
How does cosinex make money?
Three revenue lines are on record. Software Licensing and Subscriptions are the primary driver. The others are event Revenue and xrechnung.io Premium Services.
Who are cosinex's main competitors?
Direct peers on record are DTVP Deutsches Vergabeportal GmbH, simplesystem GmbH & Co. KG, subreport ELKA GmbH, Healy Hudson AG and PortalSchmiede GmbH. Broad incumbents are SAP Ariba (SAP SE), Jaggaer and reguvis GmbH. Others are Kompetenzzentrum innovative Beschaffung (KOINNO) and Bundesanzeiger Verlag GmbH.
Does cosinex have an API?
No public API is recorded for cosinex.
What industry is cosinex in?
cosinex's product category is Government E-Procurement Software. Its primary akta.pro industry code is BPAAAJAI, Catalog & eProcurement Enablement (Punchout, Item Master). Its NAICS code is 513210 and its SIC code is 7372.