.
MergerLinks Header Logo

New Deal


Announced

Corcentric to acquire Vendorin from Juvo Technologies for $100m.

Financials

Edit Data
Transaction Value£71m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Payments / Commerce

Private

payment provider

Domestic

United States

Acquisition

Pending

Single Bidder

Majority

Friendly

Synopsis

Edit

Corcentric, a provider of a wide range of electronic business solutions, agreed to acquire Vendorin, a B2B payments provider, from Juvo Technologies, a wireless engineering company, for $100m. "The Vendorin team worked relentlessly over the last four years to build and innovate on a payments optimization solution that unlocks significant revenue opportunities for enterprises. The combined technology and managed services are a natural synergy for Corcentric and the work they're doing to help business optimize the way they purchase, pay, and get paid. With Vendorin, Corcentric creates an unrivaled offering that will help businesses globally modernize digital payment capabilities," Bryan Schroder, Juvo Technologies Founder.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US