Basware makes a bid for Glantus, an Irish fintech

Date:

Share post:

Basware, a company that automates AP processes and processes invoices, has made an all-cash offer of EUR 17.8 million for Glantus, an Irish company.

The offer, made through Basware subsidiary Genesis Bidco, suggests that Glantus, which is listed on AIM, has an enterprise value of EUR 29.5 million. The deal has unanimous support from the Glantus board.

Glantus offers analytics and automation for accounts payable. According to Basware, customers will receive comprehensive coverage throughout the entire invoice processing and capital management lifecycle.

Their AP automation will be combined with the other company’s specialized audit recovery and fraud prevention software. Depending on approvals, the transaction and delisting of Glantus are planned for the fourth quarter.

Read More: Basware makes offer for Irish fintech Glantus

TalkFintech Bureau
TalkFintech Bureauhttps://talkfintech.com
TalkFintech is focused on the latest financial sector technologies and tools- covering all tech used by banks, investors, insurance, and wealth management sectors- and also conversations on retail financial management tools.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

spot_img

Related articles

Solutions by Text Appoints New Chief Product Officer to Bring Payments & Messaging into New, Autonomous Era

Solutions by Text, creator of FinText, an embedded messaging and payments platform for consumer finance businesses, today announced...

Arta Finance Hires Tomas Arlia to Expand Alternative Investment Offerings

Arta Finance, a fintech company transforming the way people grow, protect and enjoy their wealth, today announced the addition...

Varo Bank Introduces “Varo to Anyone”

Varo Bank announced the launch of "Varo to Anyone," an instant payment service with options for sending money,...

London & Capital Associates with Addepar to Offer Investment Management and Reporting Solutions Globally

London & Capital collaborates with Addepar to introduce portfolio analysis, data modeling, tailored investment management, and performance reporting...