M&A Deal Summary

Basware Acquires Procserve Holdings

On April 8, 2015, Basware acquired internet software and services company Procserve Holdings for 26M EUR

Acquisition Highlights
  • This is Basware’s 1st transaction in the Internet Software and Services sector.
  • This is Basware’s largest (disclosed) transaction.
  • This is Basware’s 2nd transaction in the United Kingdom.

M&A Deal Summary
Date 2015-04-08
Target Procserve Holdings
Sector Internet Software and Services
Buyer(s) Basware
Deal Type Add-on Acquisition
Deal Value 26M EUR

Target

Procserve Holdings

London, United Kingdom
website
Procserve Holdings Ltd. is a e-procurement solution provider for the public sector in the UK.

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Buyer(S) 1

Buyer

Basware

Espoo, Finland

website

Category Company
Founded 1985
Sector Internet Software and Services
DESCRIPTION

Basware Corp. is a provider of networked purchase-to-pay solutions, e-invoicing and innovative financing services. Basware was founded in 1985 and is based in Espoo, Finland.

DEAL STATS #
Overall 6 of 9
Sector (Internet Software and Services) 1 of 3
Type (Add-on Acquisition) 4 of 7
Country (United Kingdom) 2 of 4
Year (2015) 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-05 Certipost - Network & E-Invoicing Business

Belgium

Certipost - Network & E-Invoicing Business is a provider of network and e-invoicing services that enable the electronic transmission of invoice data.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-31 Verian Technologies

Charlotte, North Carolina, United States

Verian Technologies, Inc. is a cloud based solution provider in the fast-growing purchase-to-pay market. Verian helps companies buy and pay for goods and services in a simplified, paperless, and cost-efficient way. Companies can see everything that’s being ordered, purchased, and received, automate approval and payment processes, enforce controls and save money.

Buy -
Mergr

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