M&A Deal Summary

Tungsten Automation Acquires Tungsten

On June 20, 2022, Tungsten Automation acquired internet software and services company Tungsten

Acquisition Highlights
  • This is Tungsten Automation’s 3rd transaction in the Internet Software and Services sector.
  • This is Tungsten Automation’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2022-06-20
Target Tungsten
Sector Internet Software and Services
Buyer(s) Tungsten Automation
Deal Type Add-on Acquisition

Target

Tungsten

London, United Kingdom
Tungsten is a global B2B e-invoicing network that facilitates and streamlines complex invoice-to-pay processes. Tungsten was founded in 2000 and is based in London, the United Kingdom.

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Buyer(S) 1

Buyer

Tungsten Automation

Irvine, California, United States

Category Company
Founded 1985
Sector Information Technology
Revenue 290M USD (2013)
DESCRIPTION

Tungsten Automation provides an intelligent automation software platform and solutions to enable organizations to digitally transform content-intensive workflows. The company supports customers in realizing faster time-to-value and increased competitiveness, growth, and profitability by combining Kofax’s cognitive capture, robotic process automation, process orchestration, analytics, and mobile capabilities while helping increase business resiliency and mitigating compliance risk. Tungsten Automation was formed in 1985 and is headquartered in Irvine, California.


DEAL STATS #
Overall 14 of 15
Sector: Internet Software and Services M&A 3 of 3
Type: Add-on Acquisition M&A Deals 13 of 14
Country: United Kingdom M&A 1 of 1
Year: 2022 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-10 Printix

Herlev, Denmark

Printix is a provider of cloud-based SaaS print management software that helps businesses of all sizes eliminate the need to install traditional on-premise print management software with the related print servers enabling the benefits of modern and secure print management functionality. Printix was founded in 2014 and is based in Herlev, Denmark.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-18 Ephesoft

Irvine, California, United States

Ephesoft is an Intelligent Document Processing (IDP) platform and data enrichment solutions automate document-centric processes to maximize operational efficiency and human productivity for enterprises and the public sector. Using AI, patented machine learning, and proprietary classification models, Ephesoft’s customizable and scalable platform turns any document type into structured, actionable data to accelerate business processes and data-driven decisions. Ephesoft was founded in 2010 and is based in Irvine, California.

Buy -