Tungsten Corporation (LSE: TUNG.L) has acquired DocuSphere, a provider of accounts payable automation solutions. Terms of the transaction were not disclosed.
EdgePoint Capital contacted Tungsten, assisted in the negotiations, and served as the exclusive financial advisor to DocuSphere.
Founded in 1993 and headquartered in Perrysburg, Ohio, DocuSphere focuses on the development, enhancement, maintenance, implementation and support of its unique solution for accounts payable automation with Oracle Validated Integration for JD Edwards and Oracle E-Business Suite and SAP certified integration.
Located in London, United Kingdom, Tungsten Corporation accelerates global trade by enabling customers to streamline invoice processing, improve cash-flow management and make better buying decisions from their detailed spend data.
EdgePoint is a leading investment banking firm focused on providing lower and middle market business owners with merger and acquisition advisory services.