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Technology M & A  // Browsing posts in Technology M & A

Bravo’s New P2P Advantage: BravoSolution Acquires Puridiom (Instant Analysis)

On Monday, BravoSolution, a supply management solution provider that offers a suite of strategic sourcing solutions, announced that it had acquired Puridiom, a small, but longstanding solution suite provider specializing in procure-to-pay (“P2P”), in a transaction that closed on August 1. Financial terms of the transaction were not announced. The deal advances Bravo’s ongoing reach into the...

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Technology Round-Up – July 28, 2016

Lavante Release Financial Results for the First Half of 2016 On July 12, Lavante, Inc., a cloud-based supplier management solution provider based in San Jose, CA, announced financial results for the first half of 2016. Company officials attributed strong revenue, client, and business growth to its quarterly solution release cycles, especially the release of SIM 6.0. This...

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Private Equity Firm to Buy SciQuest and Take it Private

On Tuesday, North Carolina-based SciQuest (Nasdaq: SQI), which offers a suite of cloud-based supply management solutions, announced that it has entered into an agreement to be acquired by affiliates of Accel-KKR, an Atlanta and London-based private equity firm focused on investing in high-tech companies. Under the terms of the deal, Accel-KKR will pay $17.75 per share in cash,...

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Ardent Analysis: Oildex Buys ADP’s OpenInvoice

In late June, Oildex announced that it acquired ADP’s accounts payable automation business, including the “OpenInvoice” solution—for an undisclosed purchase price. The acquisition has two immediate consequences: ADP’s exit from the AP automation space, and a consolidation of two competing solutions with strong footprints in the oil and gas industry. Oildex has focused on the financial...

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Breaking News: Basware to Acquire Procserve for EUR 25.9 Million

On Wednesday, April 8, Basware, the Finland-based provider of procure-to-pay (P2P) and e-invoicing solutions, announced that it has signed an agreement with Procserve to acquire the UK-based public sector e-procurement solutions provider for EUR 25.9 million. According to Esa Tihilä, CEO of Basware, the acquisition follows the rise of e-invoicing and e-procurement among public sector organizations in Northern...

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Technology Round-Up – April 2, 2015

Concur to Release Re-Engineered Travel Risk Application by Mid Year According to Business Travel News, Concur, the Washington state-based subsidiary of SAP, has re-engineered its legacy travel and risk management application, conTgo, and will release it sometime in the middle of 2015. The new release, called the Concur Risk Messaging mobile application, will allow enterprises to track...

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Instant Analysis: Selectica Acquires b-pack for $12.5 Million

Selectica (NASDAQ: SLTC) made yet another smart acquisition—its second in two years—with anagreement announced yesterday, March 30, to acquire b-pack for $12.5 million in cash and stock. The deal is expected to close by the end of June, 2015. Combined with its acquisition of Iasta in June 2014 (read Ardent’s analysis of that deal by clicking here), this new...

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Softpro Acquisition Latest Bright Star in Kofax Constellation

In its third acquisition in less than two years, Kofax (NASDAQ: KFX; LSE: KFX) announced on September 2 that it had purchased Softpro GmbH, a provider of eSignature verification software, for $34.7 million. The deal—for all of Softpro’s outstanding stock—was also Kofax’s third-biggest acquisition of the last five years. Only Singularity Limited in 2011 and Kapow in 2013...

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Instant Analysis: SAP Announces Plans to Acquire Concur for $8.3 Billion

Thursday afternoon, global software provider SAP AG (NYSE – SAP) announced its intent to purchase Seattle-based travel, expense and invoice management solution provider Concur (Nasdaq - CNQR) for approximately $8.3 billion (based upon the announced acquisition price of $129 per share). The agreement signals another major shockwave in the global enterprise solutions industry that follows on the heels...

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Beeline / OnForce Merger Signals Another Shift in the Contingent Workforce Management Industry

Yesterday, Beeline, provider of Vendor Management System (VMS) software, announced that its parent company, Adecco Group, has acquired contractor / freelance management solution OnForce. The acquisition will place OnForce’s freelancer management system (FMS) under the Beeline umbrella of software and services, and presents the industry with a cloud-based offering that can effectively manage, source and engage all types...

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