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Global strategic outsourcing and energy services company Selects Tradeshift

Wednesday 5th September, 2012

Tradeshift, an e-invoicing and B2B network provider has been selected by a new customer to implement their business network and e-invoicing solution.

According to TechCrunch, Tradeshift founder Christian Lanng would neither confirm nor deny the name of the client but well-placed sources have confirmed that it’s Mitie, a strategic outsourcing, facilities, energy and properties services company and a leading FTSE 250.

Bottomline to Acquire Albany Software

Tuesday 4 September, 2012

Regulatory clearance allows companies to combine

Bottomline Technologies, has gained regulatory clearance to acquire UK based Albany Software Ltd. Formed in 1989, Albany is one of the UK’s leading BACS solution providers.

Shareholders Approve SAP's Aquisition of Ariba

Friday 31st August, 2012

Ariba has said that its shareholders have approved SAP AG's proposed $4.59 billion acquisition of the company, and the deal is expected to close in the fourth quarter, although regulators have still got to approve the sale.

Back in May SAP announced that it would pay $45 per share for Ariba whose revenue grew almost 40 percent to $444 million in its latest fiscal year. SAP has said the deal should add to its adjusted profit in 2013.

In response to the announcement Ariba shares rose 2 cents to $44.62.

Controversial Insolvency Measures Increase by 32%

Wednesday 29th August, 2012

If you've wondered why this stage of the recession the UK is not beset by Woolworth's style closures across towns and high streets, it may well be due to the rise in a controversial new method of insolvency procedures, called Company Voluntary Arrangements (CVAs) whereby debts are renegotiated. According to accountancy firm Wilkins Kennedy LLP, the number of CVAs has jumped 32% this year from 699 to 924.