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New Deal


Announced

Completed

Simfoni completed the acquisition of Xeeva.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Software

software development

Completed

Friendly

Majority

Private

corporate spend management

procurement technology

Single Bidder

United States

Acquisition

Synopsis

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Simfoni, a digital solutions provider for procurement intelligence, completed the acquisition of Xeeva, a provider of AI-powered spend management and procurement technology solutions. Financial terms were not disclosed. "I am very excited to be part of such a value-enhancing situation that offers fantastic career potential for Xeeva staff and to be able to offer Xeeva customers heightened levels of customer service and an expansion of technology options. I would like to take this opportunity to thank our clients for choosing Xeeva over the years, and I know we are leaving them in good hands with Simfoni," Nina Vellayan, Xeeva CEO.

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