Announced
Completed
Synopsis
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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