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HighRadius Announces Cforia Acquisition

Feb 11, 2024•over 1 year ago

Acquiring Company

HighRadius

Acquired Company

Cforia Software

HoustonWestlake VillageSoftwareEnterprise SoftwareInformation Technology

Description

HighRadius, the leading provider of Autonomous Finance software for Order-to-Cash, Treasury, and Record-to-Report, has announced the acquisition of Cforia Software, a global enterprise solutions provider delivering industry-leading working capital and accounts receivable (A/R) automation software. This acquisition brings additional capabilities and a diverse set of clients to HighRadius, reinforcing its commitment to delivering top-notch service.

Company Information

Company

HighRadius

Location

Houston, Texas, United States

About

HighRadius offers cloud-based autonomous software for the office of the CFO. More than 800 leading companies have transformed their order into cash, treasury, and record-to-report processes with HighRadius. Our customers include 3M, Unilever, Anheuser-Busch InBev, Sanofi, Engie GBS Solutions, Kellogg Company, Danone, Hershey's, and many more. Autonomous software is data-driven software that continuously morphs its behavior to the ever-changing underlying domain transactional data. It brings modern digital transformation capabilities like artificial intelligence, robotic process automation, natural language processing, and connected workspaces as out-of-the-box features for the finance & accounting domain.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed