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July 20, 2011updated 04 Apr 2017 4:15pm

Transactis and Data Impact announce merger

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.

By Amy North

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.

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2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
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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.

Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • 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)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

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