by Robert Solomon | Aug 21, 2023 | AP Automation, B2B Software, E-invoicing
Accel KKR-backed Basware announced its plan to acquire Glantus, a public Irish company in the audit recovery and accounts payable automation business. I wrote about Glantus (here) when it went public in mid-2021. Glantus’s Valuation at IPO At its IPO, Glantus...
by Robert Solomon | Aug 14, 2023 | AP Automation, B2B Software, order to cash, Payments, Supply Chain Finance
B2B payment terms do not receive the attention they deserve. After all, trade credit is the most important form of short-term credit in the US. Estimates for US corporate receivables range from $3 trillion to $4.5 trillion at any given time. Trade credit, in turn,...
by Robert Solomon | Dec 26, 2022 | AP Automation, B2B Software, Procure to Pay
I did not post much in 2022. No need to thank me. Great blog posts–and the kind I do– require free time and non-confidential topics. Both were in short supply this year, especially when the IPO and SPAC markets tanked. Hopefully, the markets (and...
by Robert Solomon | Dec 11, 2022 | AP Automation, B2B Software, Payments, Pricing |
I love a story about how a company dominated its industry primarily by changing its business model. (See here and here.) Ticketmaster, which has been in the news lately, has such a story buried in its past. The Prior Business Model: Ticketron ...
by Robert Solomon | Sep 30, 2022 | AP Automation, B2B Software, E-invoicing, order to cash, Procure to Pay |
EQT Private Equity, part of a publicly listed investment firm (EQT AB Group) is taking Billtrust (BTRS) private. Billtrust went public (via SPAC) in early 2021. Wrap your head around those two sentences for a minute and marvel at modern capitalism. Billtrust...
by Robert Solomon | Apr 14, 2022 | AP Automation, B2B Software, Procure to Pay |
A consortium of three financial investors, including Accel-KKR, announced it would acquire Basware via public tender. The acquisition price is about €620 million Euros. This price represents a premium of 94.7% over the pre-offer closing price. Yes, you read that...
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