M&A Deal Summary

Xeeva Acquires Procurepack

On September 26, 2016, Xeeva acquired internet software and services company Procurepack

Acquisition Highlights
  • This is Xeeva’s 2nd transaction in the Internet Software and Services sector.
  • This is Xeeva’s 1st transaction in India.

M&A Deal Summary

Date 2016-09-26
Target Procurepack
Sector Internet Software and Services
Buyer(s) Xeeva
Deal Type Add-on Acquisition

Target

Procurepack

Gurgaon, India
Procurepack is a cloud based eprocurement and vendor relationship management solution.

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Buyer(S) 1

Buyer

Xeeva

Southfield, Michigan, United States

Category Company
Founded 2014
Sector Internet Software and Services
DESCRIPTION

Xeeva is a provider of intelligent cloud-based procurement software and financial solutions for indirect spend and MRO. Used in over 45 countries and available in 18 languages, their software suite automates the source-to-pay process with open communication for e-invoicing, procurement, and sourcing. Xeeva was founded in 2014 and is based in Southfield, Michigan.


DEAL STATS #
Overall 2 of 2
Sector: Internet Software and Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
Country: India M&A 1 of 1
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-11 Kontextual

Ann Arbor, Michigan, United States

Kontextual, Inc. is an innovator in social business software. Kontextual created to help companies build transparent, metric-driven cultures through its platform that combines personalized dashboards, collaboration spaces, and 24/7 virtual status meetings to make it easy to share information across the enterprise. Kontextual is based in Ann Arbor, Michigan.

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