M&A Deal Summary

Corcentric Acquires Vendorin

On February 16, 2021, Corcentric acquired information technology company Vendorin from Juvo Technologies for 100M USD

Acquisition Highlights
  • This is Corcentric’s 1st transaction in the Information Technology sector.
  • This is Corcentric’s largest (disclosed) transaction.
  • This is Corcentric’s 2nd transaction in the United States.
  • This is Corcentric’s 1st transaction in Nevada.

M&A Deal Summary
Date 2021-02-16
Target Vendorin
Sector Information Technology
Buyer(s) Corcentric
Sellers(s) Juvo Technologies
Deal Type Divestiture
Deal Value 100M USD
Advisor(s) Morrison & Foerster (Legal)

Target

Vendorin

Omaha, Nevada, United States
Vendorin is an integrated true payment network for the enterprise. Vendorin was founded in 2007 and is based in Omaha, Nevada.

Search 200,500 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Corcentric

Cherry Hill, New Jersey, United States
Category Company
Founded 1996
Sector Software
DESCRIPTION

Corcentric is a provider of business spend management and revenue management software and services. Corcentric was founded in 1996 and is based in Cherry Hill, New Jersey.

DEAL STATS #
Overall 3 of 3
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 1
State (Nevada) 1 of 1
Country (United States) 2 of 2
Year (2021) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-12 Netsend

London, United Kingdom

Netsend Ltd. is a provider of secure online access to document distribution history, facilitating ease of reporting, performance analysis and proof of delivery amongst a range of other document management functions. Netsend Ltd. was founded in 2005 and is based in London, United Kingdom.

Buy -

Seller(S) 1

SELLER

Juvo Technologies

Hattiesburg, Mississippi, United States
Category Company
Sector Software
DESCRIPTION

Juvo Technologies is a provider of personnel, proprietary software. Juvo Technologies is based in Hattiesburg, Mississippi.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 1
State (Nevada) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

Legal