What GovTech GmbH does

GovTech GmbH is a privately held Bochum-based holding company whose primary operating subsidiary, cosinex GmbH (founded 2000), is one of the longest-standing vendors of electronic public procurement (E-Vergabe) software in Germany. The platform serves the full public-sector buyer base — federal (Bund), state (Länder), and municipal (Kommunen) authorities — and is increasingly extended into adjacent public institutions such as healthcare providers and research facilities. Cosinex explicitly positions itself as the 'Pionier der E-Vergabe' with more than 20 years of accumulated domain expertise in German and European procurement law (Vergaberecht), an incumbency the company leverages across all of its go-to-market activity.

The product is a modular software suite covering the entire procurement lifecycle: the Beschaffungsmanagementsystem (BMS) acts as the workflow backbone, supported by the Vergabemarktplatz tender marketplace, the Vergabekatalog electronic catalog, E-Rechnung for electronic invoicing, and specialized add-on modules for direct orders, webforms, electronic population-register inquiries, and IT security verification. A Safe Passage transition program addresses competitor displacement, while the cosinex Akademie delivers ongoing procurement-law and product training. The architecture supports custom configuration and per-module operator models, allowing each procurement office to select only the functionality that fits its economics and scale requirements.

Revenue is generated primarily through module-based software licensing and multi-year subscription contracts, supplemented by professional services revenue from the cosinex Akademie training program and from the annually organized Vergabesymposium conference. Go-to-market combines enterprise field sales to public-sector procurement offices with high-frequency event-driven demand generation across roughly 20 industry conferences and DTVP Regionalforen per year, complemented by a self-service demo and test evaluation channel. Pricing is not publicly disclosed; the company is privately held with no external funding rounds or parent company disclosed in the source data, and is currently investing in a new corporate headquarters at Gesundheitscampus-Süd in Bochum — an indicator of both organic profitability and continued capacity expansion.

Name

GovTech GmbH

Legal name

cosinex GmbH

Website

https://govtech.de

Company type

Private

Founded year

2000

Operating status

Operating

Short description

GovTech GmbH is a Bochum-based holding whose operating subsidiary cosinex GmbH provides modular electronic public procurement (E-Vergabe) software to German federal, state, and municipal authorities — and increasingly Austrian and healthcare/research buyers — covering tendering, contract management, and electronic invoicing on a multi-year subscription model.

Ownership category

akta.pro rank

Product category

Public Procurement Software

NAICS

Software Publishers (513210)

SIC

Services-Prepackaged Software (7372)

akta.pro primary industry

E-Procurement & Spend Analytics (BPAIAEAI)

akta.pro secondary industries

Contract Lifecycle Management (CLM) & Document Automation (BPAEAPAD), Catalog & eProcurement Enablement (Punchout, Item Master) (BPAAAJAI)

Keywords

• Electronic public procurement
• E-procurement software
• Public sector digitization
• Procurement management system
• E-invoicing solutions

Headquarters

HQ city

Bochum

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations

Revenue model

1. Software Licensing/Subscription: Module-based software licensing model where customers select modules appropriate for their requirements. Each module offers economically viable operator models, suggesting tiered subscription or usage-based pricing.
2. Professional Services: Training and education services through the cosinex Akademie, including courses on procurement law and product usage. Also includes implementation and consulting services.
3. Event Revenue: Revenue from organizing the annual Vergabesymposium and other procurement conferences

Pricing tiers

Go-to-market motion3 records

Distribution channels2 records

Marketing channels7 records

Core offering

cosinex (operating under GovTech GmbH) develops and sells modular electronic public procurement (E-Vergabe) software for German public-sector entities. Its platform digitizes the complete procurement lifecycle—from demand identification and tender publication through bid evaluation, contract management, and electronic invoicing—delivered via standalone modules such as the Beschaffungsmanagementsystem (BMS) and the Vergabemarktplatz.

Product overview

cosinex offers a modular e-procurement (E-Vergabe) software platform with a core portfolio of products including the Beschaffungsmanagementsystem (BMS) for end-to-end procurement management and the Vergabemarktplatz as a digital marketplace. The platform is complemented by specialized modules including Erfassung Direktauftrag for direct orders, Vergabekatalog for electronic catalogs, Webforms for document management, E-Rechnung for electronic invoicing, Elektronische Melderegisterauskunft for resident data verification, and Online-Sicherheitsprüfung for security compliance. The system enables fully digitized public procurement from demand identification through tender publication, bid evaluation, contract management, and electronic invoicing.

Differentiator

Problem solved

Functional benefit

Brands

• cosinex Akademie: Training academy offering courses on procurement law, organization of procurement offices, and use of cosinex solutions.
• cosinex Safe Passage Programm
• cosinex 360 Grad

Products and services

• Beschaffungsmanagementsystem (BMS) A comprehensive procurement management system (Beschaffungsmanagementsystem) that digitizes the entire public procurement process from demand identification through contract management and electronic invoicing, sold to public-sector contracting authorities.
• Vergabemarktplatz A digital marketplace platform for public procurement where contracting authorities publish tender notices and suppliers can submit bids.
• Erfassung Direktauftrag Standalone module for capturing and processing direct orders (Direktaufträge) in compliance with German public procurement regulations.
• Vergabekatalog Electronic catalog solution for managing procurement items and pricing within public procurement processes.
• Webforms Web-based form solution for creating and managing procurement-related documents and submissions.
• E-Rechnung Electronic invoicing module enabling compliant e-invoicing for public procurement, part of the fully digitized procurement process.
• Elektronische Melderegisterauskunft Electronic resident registration inquiry module for verifying citizen data during procurement processes.
• Online-Sicherheitsprüfung Online security verification module for ensuring IT security compliance in public procurement.

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Eleven partnerships are on record, tiered core and minor.

• DTVP (Deutsche Termin- und VergabePlattform)coreGTM or Marketing Partnercosinex is an active participant in DTVP Regionalforen across German states, presenting at events in Mecklenburg-Vorpommern, Schleswig-Holstein, Hessen, Rheinland-Pfalz, Baden-Württemberg, Berlin, and other regions. These are co-organized/co-marketed events for the public procurement community.
• Vergaberechtstag BrandenburgminorGTM or Marketing Partnercosinex participates in the 17. Vergaberechtstag Brandenburg as an exhibitor/sponsor.
• Berliner VergabekongressminorGTM or Marketing Partnercosinex participates in the 7. Berliner Vergabekongress as an exhibitor/sponsor.
• Hamburger VergabetagminorGTM or Marketing Partnercosinex participates in the Hamburger Vergabetag organized by Handwerkskammer Hamburg.
• Österreichischer VergaberechtstagminorGTM or Marketing Partnercosinex participates in the 17. Österreichischer Vergaberechtstag in Vienna.
• eGO-MV (Zwangverband elektronische Verwaltung in Mecklenburg-Vorpommern)minorGTM or Marketing Partnercosinex participates in the 8. eGO-MV Mitglieder- und Partnertag in Linstow.
• BeschaffungskonferenzminorGTM or Marketing Partnercosinex participates in the annual Beschaffungskonferenz in Berlin.
• Süddeutscher VergabekongressminorGTM or Marketing Partnercosinex participates in the Süddeutscher Vergabekongress organized by Reguvis.
• Deutscher VergabetagminorGTM or Marketing Partnercosinex participates in Deutscher Vergabetag in Berlin.
• Vergabekongress Sachsen-AnhaltminorGTM or Marketing Partnercosinex participates in Vergabekongress Sachsen-Anhalt.
• Digitale Verwaltung in ForschungseinrichtungenminorGTM or Marketing Partnercosinex participates in the Digitale Verwaltung in Forschungseinrichtungen conference in Hirschaid.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Coupa Software: Coupa provides a comprehensive business spend management platform with procurement, invoicing, and contract management capabilities. As a broad incumbent, it competes for cross-functional procurement contracts in larger public sector and quasi-governmental organizations.
• Ivalua: Ivalua is a global procurement and spend management software provider with capabilities in sourcing, contract management, and supplier management. It is increasingly active in the European public sector market and represents a broader incumbent alternative to cosinex.
• Basware: Basware is a Nordic-origin procurement and accounts payable automation vendor with strong presence in European public sector e-invoicing. Its e-invoicing capabilities overlap with cosinex's E-Rechnung module and represent an incumbent competitor for compliance-driven mandates.
• SAP Ariba: SAP Ariba is the largest broad incumbent in procurement software globally, offering sourcing, contract lifecycle management, and supplier management. While not focused exclusively on German public procurement, it competes for larger federal and state-level contracts as a one-stop alternative.
• Jaggaer: Jaggaer offers an end-to-end procurement suite covering sourcing, contract management, and supplier collaboration, with established European public sector customers. It represents the broad-incumbent tier that cosinex competes against for larger mandates.

Direct peers

• MEPA (Managed eProcurement Applications): MEPA delivers e-procurement solutions and services tailored to German public sector procurement requirements. It competes for the same municipal and state-level procurement digitalization mandates as cosinex.
• DTVP (Deutsche Termin- und VergabePlattform): DTVP operates a leading public procurement marketplace in Germany where contracting authorities publish tenders and suppliers submit bids. It is the closest direct competitor to cosinex's Vergabemarktplatz and is also a co-marketing partner at regional forums, making it the most relevant peer despite the partnership overlap.
• Vergabe24 GmbH: Vergabe24 provides an electronic procurement platform for German public sector buyers, including tender publication, offer management, and award processes. It directly overlaps with cosinex's Vergabemarktplatz and BMS offerings.
• subreport Verlag Schawe GmbH: subreport operates a public procurement publishing platform widely used by German contracting authorities to publish mandatory tender notices. Its Vergabeplattform overlaps with cosinex's marketplace and document management modules.
• Healy Hudson GmbH: Healy Hudson is a German software vendor specializing in e-procurement and workflow automation for public administrations. It targets the same Bund/Länder/Kommunen customer base as cosinex and offers a comparable end-to-end procurement platform.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xxing.com/company/cosinex
• YouTubeyoutube.com/channel/cosinex
• Facebookfacebook.com/cosinex.de
• LinkedInlinkedin.com/company/cosinex

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about GovTech GmbH