by Robert Solomon | Aug 21, 2023 | AP Automation, B2B Software, E-invoicing
Accel KKR-backed Basware announced its plan to acquire Glantus, a public Irish company in the audit recovery and accounts payable automation business. I wrote about Glantus (here) when it went public in mid-2021. Glantus’s Valuation at IPO At its IPO, Glantus...
by Robert Solomon | Dec 26, 2022 | AP Automation, B2B Software, Procure to Pay
I did not post much in 2022. No need to thank me. Great blog posts–and the kind I do– require free time and non-confidential topics. Both were in short supply this year, especially when the IPO and SPAC markets tanked. Hopefully, the markets (and...
by Robert Solomon | Apr 14, 2022 | AP Automation, B2B Software, Procure to Pay |
A consortium of three financial investors, including Accel-KKR, announced it would acquire Basware via public tender. The acquisition price is about €620 million Euros. This price represents a premium of 94.7% over the pre-offer closing price. Yes, you read that...
by Robert Solomon | Dec 6, 2021 | B2B Software, order to cash, Procure to Pay |
Did you notice the correction in the Russell 2000 stock index over the past month? (A correction is arbitrarily defined as a drop of 10% or more from a stock market index’s high point.) The correction in the public procure-to-pay and order-to-cash company...
by Robert Solomon | Sep 14, 2020 | B2B Software, Marketplaces, Matchmaking, Public Sector
Mercell is a public company (listed in Oslo) and is the leader in the public e-tendering business in the Nordic region. Mercell proves that after all these years, it’s still possible to discover a publicly-traded procurement software company! (The company...
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