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E-invoicing, SCF & E-procurement

Genpact acquires Akritiv Technologies

Monday 18 April 2011 | 11:02 AM CET

Global business process and technology management company Genpact has acquired Akritiv Technologies, a US provider of cloud-based order-to-cash (OTC) technology.

Under the terms of the deal, Genpact is expected to take ownership of Akritiv Technologies’ proprietary technology platform and software as a service (SaaS) services for OTC functions, such as credit and accounts receivable management.

Akritiv’s e-billing services are expected to be available directly to companies as well as be offered as business process as a service (BPaaS) integrated with Genpact’s existing OTC portfolio of services.

Financial terms of the acquisition are yet to be disclosed.

More: Link
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