Tenzing Acquires Webexpenses from K1 Investment Management

Tenzing Private Equity Invests in activpayroll

January 29, 2020

Staffing & HR

Tenzing Private Equity has made a growth investment in activpayroll, the Aberdeen-headquartered global payroll and expatriate tax specialist founded by Alison Sellar. The investment will back product development, sales expansion and activpayroll's acquisition and international growth strategy while supporting the existing senior management team.

AccountsIQ Acquires ExpenseIn

January 15, 2025

Cloud & SaaS

AccountsIQ has acquired ExpenseIn, a UK-based expense management SaaS founded in 2015 that processes over 1 million expenses per month and serves customers in 40+ countries. ExpenseIn will continue trading under its existing name and the deal expands AccountsIQ's finance product suite—adding expense, spend card management and embedded payments—and results in a combined user base of over 175,000 users.

Kofax Acquires Tungsten Corporation

June 20, 2022

Payments & Fintech

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.

Tenzing Acquires Mandata from LDC

October 7, 2021

Cloud & SaaS

Tenzing has acquired Newcastle-headquartered transport management software provider Mandata from mid-market private equity firm LDC. Mandata is a SaaS-based TMS serving UK haulage and carrier SMEs (about 120 employees, ~2,000 customers); financial terms were not disclosed and the deal follows LDC's 2018 investment that supported acquisitive growth and product development.

Medius Acquires Expense Management Software Provider Expensya

July 25, 2023

Cloud & SaaS

Medius has completed the acquisition of Expensya, a Paris-based expense management SaaS company founded in Tunisia. The deal adds AI-enabled, mobile-first employee spend management and payments capabilities to Medius’s accounts payable automation platform, enabling product and geographic expansion (notably in France) and stronger cross-sell opportunities for CFO-facing finance automation solutions.

Livingbridge Acquires CitNOW Group from Tenzing

July 19, 2022

Software

Livingbridge has invested in CitNOW Group, a UK-based provider of front-office software for automotive dealerships, in a deal that sees Tenzing exit while materially reinvesting alongside the new investor. Tenzing generated a 9.6x return on its investment and a 74% IRR; Livingbridge said the investment will accelerate CitNOW's product roll-out, acquisitive growth in the UK and Europe, and further technology development.