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At the time, Gronen was vice president of finance, responsible for assessing acquisitions and analyzing their outcomes. The merger cut $10 million in expenses, turning the combined business into a more profitable operation that was ultimately sold to a public company. Right now, many companies receive invoices in paper envelopes.
“We’re continually investing in further improving our technology and solutions, benefiting our customers as we help them to transform procurement, accountspayable and billing.” and abroad,” though the company did not elaborate on its mergers and acquisitions (M&A) plans. .
Today in B2B Payments, commercial payments technology firm FLEETCOR reveals $1 billion plans for M&A activity. FLEETCOR Looks To Invest $1B Despite Pandemic M&A Slowdown. FLEETCOR is looking to invest $1 billion this year, despite an M&A slowdown in the payments sector due to the ongoing pandemic. 3) announcement.
Lisa Lansdowne-Higgins, vice president of business deposits and treasury solutions at the Royal Bank of Canada (RBC), recently told PYMNTS that these three disruptors have a significant opportunity to shake up accountspayable processes thanks to the impact they have on data. Open Banking. Bank-FinTech Collaboration.
During the firm’s earnings call, Clarke pointed to initiatives across Fleetcor’s four core business units — fuel, corporate payments, tolls and lodging — via collaborations, mergers and acquisitions (M&A) to drive incremental growth in each area. Total revenues were up 7 percent year over year to $619.6
Expense management and accountspayable (AP) automation solution provider Emburse is rolling out new card solutions designed to help organizations manage their travel spend. FLEETCOR Preps For M&A Spree. From a mobile app to beefed-up rewards, the latest solutions are embracing the shift of spend to the card.
Six corporate travel expense management and accountspayable (AP) solution providers are combining into a single company to form Emburse , according to a press release Thursday (Jan. Earlier this month, Coupa announced the acquisition of Yapta in another initiative aimed at streamlining corporate T&E management operations.
Further, this week’s B2B Venture Capital roundup finds VC funding isn’t the only investment strategy for B2B FinTechs, with (mergers and acquisitions) M&A activity seeking a spike, as well as some high-profile plans by industry players to go public. Cardlay, based in the U.K., Also in the U.K., Funding Xchange secured $10.3
The healthcare and construction industries are among the strong points of FLEETCOR’s corporate payment operations, particularly with 2018 being the first full year with Cambridge Global Payments under the FLEETCOR belt after closing the acquisition in 2017 — a business that showed a “rocking” performance in 2018, said Clarke.
In a press release issued Monday (July 1), WEX said its acquisition of Go Fuel Card, the fleet card business of EG Group, is complete, expanding WEX’s presence across the Netherlands, France, Belgium and Luxembourg. Partnerships, mergers and acquisitions (M&A) are key strategies for WEX to fuel global growth.
Texas’ SpyCloud delivers protection against account takeover for its corporate clients. -based startups dominated, with investors focusing on cybersecurity solutions and on startups that aim to streamline back-office functions. PYMNTS breaks down the latest deals below. Cybersecurity. Singapore’s CardUp announced nearly $1.7 xtraCHEF.
Instead, businesses — particularly larger firms — are turning to mergers and acquisitions to source new technologies. Small businesses, while they may struggle to have the resources to invest in the tools they want, can be more agile and flexible to handle changing markets. Where does the middle market fit in this spectrum?
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