Sign up for The Paypers newsletter Follow The Paypers on LinkedIn Follow The Paypers on Twitter Follow The Paypers on Facebook Follow The Paypers on Google +
The Paypers, paypers, Insight in payments, News, Reports, Events
 advertisement
E-invoicing, SCF & E-procurement

Subsidiary of Cherry Hill acquires e-invoicing firm

Wednesday 26 October 2016 | 11:15 AM CET

Cherry Hill-based AmeriQuest Business Services has announced that its cloud-based financial process automation solutions subsidiary has made an acquisition.

According to a press release, Corcentric Collective Business Systems, based in McLean, Virginia, has purchased substantially all the assets of cloud-based e-invoicing services company InfoAccess.net.

The subsidiary’s purchase will mean the addition of 12 to 15 jobs to the company’s 80 employees in Cherry Hill through 2017, according to AmeriQuest.

Corcentric is attempting to grow its revenue in key markets, and the deal should strengthen its market position and broaden its offerings, AmeriQuest said.

The transaction was completed earlier this month. Financial terms were not disclosed.

More: Link
 advertisement
 advertisement
 advertisement
 advertisement