05 Oct 2012 Another big merger in the e-invoicing space – Basware acquires Certipost
In a research report by Purchasing Insight and Paystream Advisors to be published in a few weeks time, we indicate some real evidence that the e-invoicing market has reached or even passed the tipping point and today, the expected land grab associated with the rapid increase in interest in e-invoicing has just accelerated. Basware, already one of the largest and most important operators in this space, have just announced the acquisition of Certipost’s network e-invoicing business.
“Basware is the global market leader in Purchase-to-Pay and e-Invoicing solutions. We are actively looking for possibilities to gain a stronger position in selected markets, and new customers with growth potential for Basware solutions and services, both organically and through acquisitions”, explains Esa Tihilä, CEO, Basware Corporation. “The synergy benefits of the acquired network and e-Invoicing assets of Certipost derive from accelerated growth potential. We will achieve significant market position with a single acquisition in the Benelux, where we expect the e-Invoicing markets to grow substantially in the upcoming years. This acquisition will also make Basware the market leader in e-Invoicing in the Benelux market.”