Kofax completed the acquisition of Tungsten.

Kofax, a supplier of intelligent automation software, completed the acquisition of Tungsten, a global B2B e-invoicing network that facilitates and streamlines complex invoice-to-pay processes. Financial terms were not disclosed. “Finance procurement leaders are looking beyond traditional invoice OCR and workflow capabilities to modern e-invoicing, supplier management, and value-added services – accelerating how they pay and relate with suppliers. A full technology suite from Kofax will bring efficiencies to how they work with their suppliers, compliantly invoice, and focus on leveraging data to drive insights while reducing cost," Paul Cooper, Tungsten CEO.