Great Hill Partners-backed Versapay completed the acquisition of DadeSystems from Ten Coves Capital.

Great Hill Partners-backed Versapay, a financial technology company, completed the acquisition of DadeSystems, an automated AR software provider, from Ten Coves Capital, a private equity firm. Financial terms were not disclosed. "We are very excited to welcome DadeSystems' employees, customers, and partners to Versapay. Versapay and DadeSystems have enjoyed a successful partnership for some time, and most importantly we share a common vision for the digitization of the AR process. Together, we can accomplish even more to close the digital transformation gap in AR, optimizing our clients' cash flow and driving operational efficiencies," Craig O'Neill, Versapay CEO.