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  5. ELMO Software Acquires Webexpenses

M&A Deal Summary

ELMO Software Acquires Webexpenses

On December 16, 2020, ELMO Software acquired internet software and services company Webexpenses for 35M AUD

Acquisition Highlights
  • This is ELMO Software’s 1st transaction in the Internet Software and Services sector.
  • This is ELMO Software’s 0th largest (disclosed) transaction.
  • This is ELMO Software’s 1st transaction in the United Kingdom.
Investment Fate
  • Webexpenses was divested to a consortium of buyers in 2023.

M&A Deal Summary
Date 2020-12-16
Target Webexpenses
Sector Internet Software and Services
Buyer(s) ELMO Software
Deal Type Add-on Acquisition
Deal Value 35M AUD

Target

Webexpenses

Witney, United Kingdom
Webexpenses is a provider of cloud-based financial management software. The company's flagship expense management solution automates the process, creating a seamless workflow. Webexpenses is based in Witney, United Kingdom.

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Buyer(S) 1

Buyer

ELMO Software

Sydney, Australia
Category Company
Founded 2002
Sector Internet Software and Services
DESCRIPTION

ELMO Software is a cloud-based HR & Payroll software provider. The company offers customers a unified platform to streamline processes for HR, and also manage payroll and rostering / time & attendance. ELMO Software was founded in 2002 and is based in Sydney, Australia.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (United Kingdom) 1 of 1
Year (2020) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-01 Webexpenses

Witney, United Kingdom

Webexpenses is a provider of cloud-based financial management software. The company's flagship expense management solution automates the process, creating a seamless workflow. Webexpenses is based in Witney, United Kingdom.

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