Transactional data company Transactis and e-invoicing solutions provider Data Impact are set to merge bringing a full service receivables and payment solution to the market.
2022: So far In Venture Capital
- Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
- Identify the top investors already active in any sector-Geography combinations
- Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
- Understand what is driving the PE/VC fundraising (Deal Rationale)
The merger emphasises both companies’ strategies to provide a broad suite of electronic billing, payment and document management tools that address the accounts receivable functions of organisations, ranging from small billers to multinational corporations.
“By combining Data Impact and Transactis, we have created a single comprehensive provider that serves the diverse receivables processing needs of both business-to-consumer and business-to-business organisations,” said Joe Proto, Transactis CEO and chairman.
Customers of both organisations can now leverage Transactis’s Virtual Incentive Platform that connects companies and their customers through loyalty programmes, digital offers and electronic coupons. This aims to provide cross-sell opportunities to enhance customer engagement and retention.
“While both product sets have similar offerings, each brings unique functionalities that can be leveraged by the other, for example, mobile capabilities, reconciliation functions and self-service provisioning,” said Michael Lane, Data Impact CEO and president of the merged company.
The combined company will still trade under their respective brands with its headquarters based in New York. The merger was facilitated by Transactis’ acquisition of Data Impact’s assets.
2022: So far In Venture Capital
- Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
- Identify the top investors already active in any sector-Geography combinations
- Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
- Understand what is driving the PE/VC fundraising (Deal Rationale)
