Wednesday 24th November, 2021
Glantus Holdings Plc a global provider of Accounts Payable automation and analytics solutions has acquired the UK based Meridian Cost Benefit Ltd.
The acquisition of Meridian a provider of accounts payable and specialist recovery audits in the telecom and utility sector will add an additional forty-four customers to the Glantus portfolio, many at enterprise level with over 60% of retained revenue from the public sector.
Karl Andersson, SVP Acquisitions and Development, Glantus, said, “We are really delighted to have the Meridian team join Glantus. We value the wealth of experience their people bring to Glantus EMEA and very much look forward to welcoming them into the Glantus family. With the acquisitions of JPD and TIC, we have been consolidating the accounts payable market in the U.S. and EMEA for some time, the acquisition of Meridian signals our intention to continue this strategy in EMEA.”
Peter Welch, Founder and MD of Meridian Cost Benefit, said, “In today’s market we recognise that customers are increasingly looking at automation and AI to drive further efficiencies in their financial processes. We are very excited to be joining Glantus as we now have the advanced technology platform and the team behind us to deliver additional services to our valued and loyal customer base.”