News

On March 5th, 2012, Lexmark International announced the acquisition of Brainware for $148 million; the company will join a Lexmark subsidiary, Perceptive Software. Perceptive is a provider of enterprise content management and business process management solutions (including imaging and workflow solutions), the company was acquired by Lexmark in 2010. Brainware is a provider of intelligent [...]

On February 29th, 2012 Basware introduced its new cloud-based platform called Alusta (meaning ‘platform’ in Finnish) to the market. Basware was already one of the major providers of eInvoicing and procure-to-pay (P2P) solutions and with this new highly scalable and flexible cloud-based platform they are likely to cause a stir in the market. This new [...]

In January of 2012, Kofax introduced Kofax Mobile Capture. This came approximately a month after Kofax announced a minority investment ($500K) in MobiFlex Inc, a mobile app specialist. Kofax Mobile Capture through the use of apps will allow customers to use the cameras from smart phones and tablets to capture the image of a document. [...]

On January 17, 2012, Basware kicked off the New Year by announcing that it had acquired First Businesspost GmbH (“1stbp”)for €12.2 million, which includes assumption of the company’s debt (€ 3.2 million). Before we get into an analysis of the deal, here are some key figures for 1stbp in the year ended 2011: Revenues: €2.4 [...]

Ariba (NASDAQ:ARBA), a cloud-based provider of collaborative commerce solutions, announced the acquisition of b-process in October 2011. The acquisition, for approximately €35 million in cash, allows Ariba to further expand its global footprint for eInvoicing solutions. b-process, a privately-held French company, is an electronic invoicing service provider, which offers certified VAT and regulatory compliant eInvoicing [...]