Day: February 7, 2008

Whilst I cannot take any credit for the deal between FundTech and Accountis, I feel exhilarated at the service this blog provided in above acquisition. Here are some clues: OB10 #8 – Ready to be acquired! James Governor # 1 – Learning from a Pro I actually thought there was a blog post giving more clues, but perhaps not! I believe it all started at a pub near Manchester Airport, where I had the privilege to meet a Representative, who came to know me through this blog. We spoke about the industry, why e-invoicing has not taken off as it…

Acquisition further expands Fundtech’s product suite in the corporate banking financial supply chain JERSEY CITY, N.J., Feb 07, 2008 (BUSINESS WIRE) — Fundtech Ltd. (NASDAQ: FNDT), a market leader in global corporate banking solutions, today announced the acquisition of Accountis Ltd. of Bangor, Wales, a leading supplier of electronic invoice presentment and payment (EIPP) systems. Adding EIPP capabilities to Fundtech’s existing product lines of payments, cash management and settlements systems, expands its end-to-end corporate banking systems, and adds to the company’s capabilities in enabling the emerging financial supply chain. Under the terms of the definitive agreement, Fundtech paid GBP 3.8…

Up to now, the e-invoicing market has been dominated by OB10 due to their global expansion strategy, but this is soon to be threatened by a new M&A deal between two players I have come to respect. I cannot go into detail at present without breaching confidentiality agreement, but I consider this as a monumental achievement for the European e-invoicing industry. Stay tuned for more information. Technorati Tags: Ob10, e-invoicing, eipp, accounts payable automation