EESPA – The European e-Invoicing Service Providers Association

On 5th May 2011 in Brussels, over 30 firms providing e-Invoicing services from across the EU met to kick-off the formation of the new association to be called EESPA – the European e-Invoicing Service Providers Association. It should be fully functioning as a legal body by the end of the summer. EESPA’s purpose will be [...]

Kofax acquires 170 Systems

Kofax have acquired 170 Systems, Inc., a provider of financial process automation software.

This seems to be a good move for Kofax, giving them the opportunity to offer a more rounded solution as well as competing with Readsoft who offer similar services from their acquisition of Ebydos a few years back.

While these solutions are focussed on OCR data capture, both 170 Systems and Ebydos (Readsoft) applications are well suited to processing electronic invoices through the workflow and cockpit components.

Both management and the Board of Kofax believe the acquisition, worth $32.9 million, will position the company for leadership in the rapidly growing invoice processing market.

OB10 grows by 40% and raises capital

OB10 has concluded a rights issue at the same time as increasing sales by 40% and breaking even. More details are available at OB10.com