Kofax Acquires Tungsten Corporation
June 20, 2022
Kofax has acquired Tungsten Corporation, a global B2B e-invoicing and invoice-to-pay network, to expand its cloud invoicing and accounts-payable automation capabilities. The acquisition brings Tungsten's supplier onboarding, e-invoice exchange and payment processing capabilities and its workforce (reported >227 employees) into Kofax's Intelligent Automation platform to support customers' end-to-end order-to-cash and invoice-to-pay journeys.
- Buyers
- Kofax
- Targets
- Tungsten Corporation
- Industry
- Payments & Fintech
- Location
- England, United Kingdom
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
Kofax Acquires Top Image Systems
February 4, 2019
Software
Kofax has agreed to acquire Top Image Systems Ltd. (TIS), a provider of on‑premise and cloud-based document capture and content-processing applications, to strengthen Kofax's digital capture and SaaS capabilities. The deal (stockholders to receive $0.86 per share) was announced in early 2019 and was expected to close by mid‑2019.
-
Kofax Acquires Ephesoft
August 18, 2022
Software
Kofax, backed by TA Associates and Clearlake Capital, has acquired Ephesoft, a provider of intelligent document processing (IDP) software. The deal expands Kofax's IDP and cloud capabilities and brings Ephesoft's customers, partners and employees into Kofax's global intelligent automation platform; financial terms were not disclosed.
-
Tenzing Acquires Webexpenses from K1 Investment Management
November 30, 2023
Cloud & SaaS
Tenzing has acquired Webexpenses, a UK-headquartered provider of expense management and accounts payable automation SaaS, from K1 Investment Management. The transaction represents a PE portfolio realization for K1 and a strategic acquisition for Tenzing to expand its presence in finance-focused SaaS solutions.
-
Wolters Kluwer Tax & Accounting Acquires Vanguard Software
May 14, 2021
Cloud & SaaS
Wolters Kluwer Tax & Accounting has acquired Vanguard Software Corporation for approximately $110 million in cash. The acquisition adds Vanguard’s cloud-based integrated business planning and predictive supply chain planning capabilities to Wolters Kluwer’s CCH Tagetik platform, extending its corporate performance management offering into sales & operations and supply chain planning.
-
Wolters Kluwer Acquires XCM Solutions
September 14, 2020
Cloud & SaaS
Wolters Kluwer Tax & Accounting North America has agreed to acquire XCM Solutions, a cloud-based workflow solutions provider for professional tax and accounting firms, for €136 million. The acquisition (target headquartered in Quincy, Massachusetts with ~440 employees and 2019 revenues of €19 million) will enable integration with Wolters Kluwer’s CCH Axcess platform and expand its cloud-based workflow and outsourcing capabilities.
-
Clearlake Capital and TA Associates Acquire Kofax from Thoma Bravo
April 26, 2022
Software
Clearlake Capital Group and TA Associates have completed their acquisition of Kofax from Thoma Bravo. Kofax, an Irvine-based provider of intelligent automation software, will partner with Clearlake and TA to accelerate cloud, AI/ML and robotic process automation investments and pursue growth through product development and M&A; financial terms were not disclosed.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.