Bregal Sagemount and Cofra to invest $80m in Corcentric.

Investment firms Bregal Sagemount and Cofra agreed to invest $80m in Corcentric, a provider of business spend management and revenue management software and services. "We are very excited to work with Bregal Sagemount as a strategic and financial partner. Given their success investing in market-leading, high-growth software companies as well as their expertise in this space, we believe they are the right partner for the next chapter of our business. In these difficult times it is more important than ever to have a single provider of software and services that enables companies to reduce costs and enable automated payables and receivables processes seamlessly from any location. With Sagemount’s support, Corcentric is well positioned to consolidate the disparate solutions and services that make up the AP and AR markets today," Matt Clark, Corcentric President and COO.