Announced
Completed
Financials
Sources
Tags
Private
Merger
United States
Cross Border
automation
Friendly
Payments / Commerce
Acquisition
Single Bidder
Completed
Majority
payment solutions
card payment
Private Equity
Synopsis
Great Hill Partners-backed Versapay, a cloud-based invoice presentment and payment provider helping B2B companies, completed the merger with Solupay, a company specializing in AR automation and integrated B2B payments offerings. Financial terms were not disclosed. The combined company will operate under the Versapay name and under the leadership of Craig O'Neill, current CEO of Versapay. "This merger accelerates the growth of the Versapay network, further empowering mid-market organizations to digitally transform payables and receivables functions. We look forward to continuing our support for Craig and the combined company as they relentlessly execute on their category-defining vision," Matt Vettel, Great Hill Partners. Managing Partner.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.