- Brings together the industry's preeminent AI-driven
procurement and supply chain software with the foremost e-invoicing
& accounts payable automation solutions
- Bolsters GEP's leadership across the Nordic countries and
northern Europe, complementing
strength in the U.K., central and southern Europe
CLARK, N.J., July 1, 2024 /PRNewswire/
-- GEP®, a leading provider of AI-driven
procurement and supply chain software, consulting, and services to
Fortune 500 and Global 2000 enterprises, announced today that it
has acquired OpusCapita, a leading provider of e-invoicing and
procurement solutions based in Helsinki, Finland. This acquisition
combines GEP's industry-leading procurement and supply chain
software with the foremost e-invoicing and accounts payable
automation solutions, and expands GEP's global operations across
the Nordic countries.
"OpusCapita is a kindred spirit with a proven track record of
strong organic growth, tenured customers, a relentless focus
on fostering top-tier talent and investing in AI-driven procurement
software and services," said Subhash
Makhija, CEO and cofounder, GEP. "OpusCapita is a perfect
fit for GEP and vice versa, because it unites the foremost
e-invoicing and AP automation solutions in the Nordic region with
GEP SMART, the industry's leading
AI-driven global procurement and supply chain platform, and
combines deep regional expertise and relationships into a robust
customer base of global enterprises."
Founded in 1985, OpusCapita is at the forefront of e-invoicing,
accounts payable automation and supply chain document management,
supporting 600 clients, with 220 employees located across offices
in the Nordics, continental Europe, and Pittsburgh, U.S. Similar to GEP, which
introduced the industry's first AI-native, low-code platform, GEP
QUANTUM, for its flagship software solutions, GEP
SMART™ (procurement), GEP NEXXE™(supply chain), and
GEP GREEN (sustainability),
OpusCapita recently launched its ground-up remade SaaS platform
with AI and low-code. OpusCapita will operate as a stand-alone
subsidiary of GEP, leveraging GEP's scale, global presence, broader
product portfolio, and deeper R&D capabilities to drive
growth.
"We are coming together with OpusCapita to further our mission
to apply AI and low-code solutions to automate and streamline
procurement, enabling companies to make a marked leap in impact and
value," said Santosh Nair, chief
product officer, GEP. "We're excited about our shared future, and
to introduce OpusCapita customers to our solutions, which help the
world's best companies create greater value from their spend,"
added Nair.
GEP acquired OpusCapita from PSG Equity ("PSG"), a leading
growth equity firm partnering with software and technology-enabled
services companies to help accelerate their growth, who purchased a
majority stake in OpusCapita in 2019. Terms of the acquisition were
not disclosed.
About GEP
GEP® delivers AI-powered procurement and supply chain solutions
that help global enterprises become more agile and resilient,
operate more efficiently and effectively, gain competitive
advantage, boost profitability and increase shareholder value.
Fresh thinking, innovative products, unrivaled domain expertise,
smart, passionate people — this is how GEP SOFTWARE™, GEP STRATEGY™
and GEP MANAGED SERVICES™ together deliver procurement and supply
chain solutions of unprecedented scale, power and effectiveness.
Our customers are the world's best companies, including more than
550 Fortune 500 and Global 2000 industry leaders who rely on GEP to
meet ambitious strategic, financial and operational goals.
A leader in multiple Gartner Magic Quadrants, GEP's cloud-native
software and digital business platforms consistently win awards and
recognition from industry analysts, research firms and media
outlets, including Gartner, Forrester, IDC, ISG, and Spend
Matters.
GEP is also regularly ranked a top procurement and supply chain
consulting and strategy firm, and a leading managed services
provider by ALM, Everest Group, NelsonHall, IDC, ISG and HFS, among
others. Headquartered in Clark, New
Jersey, GEP has offices and operations centers across
Europe, Asia, Africa
and the Americas. To learn more, visit http://www.gep.com/.
Media Contact
Derek Creevey
Director, Public Relations
GEP
Phone: +1 732-382-6565
Email: derek.creevey@gep.com
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