Unit4 completed the acquisition of Scanmarket from Verdane.

Unit4, an enterprise cloud applications developer, completed the acquisition of Scanmarket, a global vendor of cloud Source-to-Contract software, from Verdane, an investment company. Financial terms were not disclosed. "We are delighted to have added Scanmarket to the Unit4 portfolio. Their market-leading global strategic procurement capabilities and cloud-based solutions are trusted by 324 customers, across more than 85 countries, and have received strong recognition from industry analysts, such as Gartner, Info-Tech Research Group and SpendMatters. As well as a great technology fit, both organisations are culturally similar in that we have developed our solutions with users and people at the centre of what we do, so we are excited to welcome the Scanmarket team to Unit4," Mike Ettling, Unit4 CEO.