Dublin-headquartered data intelligence firm Glantus has acquired US fintech firm JPD Financial, a leading player in vendor credit discovery services.
The acquisition will bring new levels of automation and AI to credit recovery and financial processing offered to global businesses and shared services units.
JPD, a trusted partner to Fortune 1000 companies, has led the way in vendor credit recovery services for more than 30 years.
“This acquisition significantly deepens our ability to serve global organisations at scale”
The company has established relationships with over 8m suppliers and has three core offerings: vendor credit recovery, transactional audit services and master data cleansing.
Building a global fintech business from Dublin
JPD Financial is headquartered in San Jose, California, and operates a European service centre in the UK.
The combined business will have a turnover of approximately $12m, and the acquisition brings global service delivery expertise to the Glantus family of companies.
Glantus provides data automation services to clients that include Hertz, Applegreen, Europcar and Barclays.
“This acquisition significantly deepens our ability to serve global organisations at scale,” said Maurice Healy, founder of Glantus.
“It propels Glantus forward in our ambition to drive the future of financial processing with real-time data intelligence.”
Written by John Kennedy (firstname.lastname@example.org)
Published: 25 February, 2020