Archive for Merger, Acquisition, Funding

D+H buys Fundtech for $1.25 billion in cash, expanding its reach in the USA

D+H buys Fundtech for $1.25 billion in cash, expanding its reach in the USA

With Fundtech D+H will now service eight of the top 10, and 32 of the world's top 50 banks, along with about 190 of the top 300 U.S. banks. Fundtech holds some 1,500 employees and 19 offices globally.

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Lexmark bought Perceptive and Readsoft. And now: Kofax [$1 Billion deal]

Lexmark International has agreed to buy Kofax for a value of $1 billion. According to Lexmark, the combination will provide cost savings of at least $40 million, and opportunities to increase revenue through product improvements and cross-selling.

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Royal Caribbean Cruises selects DocuSphere (Tungsten) for AP automation

Tungsten’s workflow product integrates seamlessly with the JD Edwards Accounts Payable software that Royal Caribbean currently uses: reducing the time it takes to process invoices, cutting costs associated with invoice processing, and improving visibility on its spend with suppliers.

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Medius sells its ERP consulting business focuses on cloud-based AP invoice automation

Medius is selling its Microsoft Dynamics ERP consulting business, Medius Dynamics AB, to Danish IT group EG in order to put a sharper focus on its objective to be the leader in cloud-based AP invoice automation.

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Taulia Collects another $15 Million in funding; $85 Million in 12 months

Taulia has collected an additional $15 million bringing its total capital raised to $85 million. This fundings comes only 4 months after its second funding worth $40 million. It illustrates the success of the Taulia formula and its team.

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Non-bank financing soared to a record breaking EUR 50billion late 2014

January 5, 2015  |  Merger, Acquisition, Funding, Research

A recent research paper by Deloitte showed that the number of acquisitions financed by non-bank lenders reached a record high in Q3 of 2014, as debt funds sit on EUR 50 billion of committed capital. And they plan to raise another EUR 1 billion the next twelve months.

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Tungsten successfully completes acquisition of DocuSphere

We earlier already mentioned that Tungsten was in the process of buying Docusphere. Tungsen now announced that is has successfully completed its acquisition of DocuSphere in September 2014.
This deal significantly extends Tungsten’s goal to help companies streamline their AP, adhere to tax and regulatory compliance, and have greater transparency of the entire invoice-to-pay process.

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OpusCapita buys Norian Group, becomes major financial accounting service provider

The acquisition is aimed at setting new standards for financial processes. OpusCapita, with operations in nine European countries, has a strong vision and competence in providing financial processes for its customers, either outsourced or as a service. Norion Group has worked towards redefining accounting by creating a new, unique value offering particularly for small and medium-sized businesses.

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Tungsten takes over DocuSphere, strengthening its e-invoicing offering

Bull's eye! Tungsten has –under conditions- bought DocuSphere. As you all probably know, DocuSpheres a provider of accounts payable automation services. Tungsten's global supplier portal and e-Invoicing services combined with DocuSphere's workflow and connectivity technology should help companies streamline their accounts payable functions from receipt of e-Invoice to payment even better!

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Billtrust buys Open Scan Technologies

July 18, 2014  |  Merger, Acquisition, Funding

By offering an even more integrated solution, Billtrust wants to deliver clients significant operational advantages including recognizing their payments with greater efficiency and speed. Billtrust already offers bill presentment and payment products and services that span online, email, mobile, IVR, bank and paper.

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