Acquisitions

Posted by Andrew Bartolini & John Yuva It may be December, but that doesn’t mean merger and acquisition activity has ceased. This week, news broke that Coupa Software, a leader in business spend management, entered into an agreement to be acquired by Thoma Bravo, a leading software investment firm. Valued at $8.0 billion, Coupa will [...]

Editor’s Note: As 2015 draws to a close, it is the time of year when we revisit some of our best articles from the past year. Over the next two weeks, the Payables Place team will share an eight-part series of the “Best of 2015.” Today’s article is the analysis of Oildex’s purchase of ADP’s OpenInvoice that [...]

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 [...]

Lexmark International (NYSE: LXK) on June 18 increased its initial tender offer for Swedish AP automation provider ReadSoft AB (NASDAQ OMX: RSOF-B) to 43 kronor per share, a 7.4% increase over its initial offer of 40.05 kronor, in the wake of competition from the UK business unit of Hyland Software. Earlier in the day on [...]