Edenred completed the acquisition of IPS.

Edenred, a digital platform for services and payments, completed the acquisition of IPS, an invoice automation vendor. Financial terms were not disclosed. “With the acquisition of IPS, with which we have been collaborating since 2015, Edenred CSI reaffirms its ambitions in further penetrating the North American corporate payment market, while expanding along the procure-to-pay value chain. IPS’ efficient platform and innovation-driven automated invoice processing solution will easily integrate with Edenred CSI’s digital platform to offer both existing and new clients a comprehensive invoice-to-pay solution, unlocking additional growth opportunities. We welcome the IPS team at Edenred and look forward to continue leading the transformation of the US corporate payment market," Gilles Coccoli, Edenred Chief Operating Officer.