Axway (Euronext: AXW.PA), a global leader in B2B Integration and EDI, acquired AdValvas, a Sint-Martens-Latem, Belgium-based expert in e-invoicing processes.
The amount of the deal was not disclosed.
The acquisition further enhances Axway’s position as a leader in B2B integration and adds new capabilities in the area of invoicing and compliance. These include embedded support for Peppol and the VAT reform in France, as well other worldwide B2G (Business-to-Government) and B2B e-invoicing mandates. AdValvas will operate as a subsidiary of Axway, and its products and services will be integrated into Axway B2B Integration Platform.
Led by Michel Gilis, formerly CEO of AdValvas and now Axway VP e-Invoicing, AdValvas provides companies with solutions to streamline their invoicing processes and meet the complex requirements of global B2B integration. With the addition of AdValvas to the Axway portfolio, customers can expect expert guidance alongside a comprehensive solution that allows them to do business in a global, standards-driven, and always up-to-date manner – whatever the country.
Led by CEO Patrick Donovan, Axway enables enterprises to securely open everything by integrating and moving data across a complex world of new and old technologies. Its API-driven B2B integration and MFT software complements Axway Amplify, an open API management platform that makes APIs easier to discover and reuse across multiple teams, vendors, and cloud environments. The company has served over 11,000 businesses enabling them to discover the full value of their existing digital ecosystems to create brilliant experiences, innovate new services, and reach new markets.
FinSMEs
19/04/2023