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.

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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