SoftOne Technologies announced the agreement to acquire 100% of the equity capital of IMPACT. With this agreement, the two companies create the largest provider of electronic invoicing and EDI services in the Greek market and at the same time the only integrated platform for connecting companies with B2B supply chain solutions.
According to the relevant announcement, more than 45,000,000 documents have already been circulated through YPAEES, connecting more than 350,000 companies, from the new scheme. By combining IMPACT’s deep expertise in automating and connecting all supply chain and procurement processes, with SoftOne’s strong cloud expertise and its ability to mass develop and roll out products through its strong network of partners, an expanded corporate format with full capacity to respond to the real transformation needs of all businesses in the market, regardless of size and sector of activity.
Through this union, the two companies aim to go beyond the harmonization needs of companies with myDATA. By connecting, through the cloud, large and small and medium enterprises, the largest B2B ecosystem in Greece is created. This ecosystem will form the basis for the automation of processes across the spectrum of business-to-business transactions, from procurement, order taking, shipping process (waybills), invoicing to invoice payment or financing.
Recognizing the overall value of IMPACT’s brand and specialty products, the agreement provides for the continuation and evolution of IMPACT’s brand and product portfolio well into the future.
The CEO of SOFTONE Group of Companies, Panos Martinis, said: “We are excited about this landmark agreement which is part of our group’s broader, long-term strategic growth plan. By joining forces with IMPACT, we are creating the largest interconnected” community” of customers and suppliers in the cloud. I welcome IMPACT to the SOFTONE family and am optimistic that together we will develop and deliver solutions that will unlock the productivity of Greek businesses for years to come.”
For his part, the President of the SOFTONE Group, Antonis Kyriazis, said: “The agreement for the acquisition of IMPACT is for our group the most important development after the acquisition of Unisoft in 2019. In the next 5 years, the site of e-invoicing and supply chain will grow at a rate of over 40% per year. The benefits to the market leader are obvious. I publicly congratulate the IMPACT management team for their products, their dedicated executive team and of course for its leading position in the market”.
The President and CEO of IMPACT, Ioannis Terpsidis, said: “This development marks a new beginning for IMPACT, laying the foundations for a much larger edifice that will be a key contributor to the digital transformation of businesses. We embraced the prospect of collaboration from principle, not only for SOFTONE’s leadership role in the cloud, but mainly for the company’s excellent culture.
The corporate alliance created with SOFTONE, in a spirit of respect for our people and values, is a particularly constructive development for us, expanding our vision, creating a robust ecosystem with an enriched product portfolio and continuous provision of excellent services”.
Source: Capital
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