Monday 3rd July, 2023
Sidetrade has announced that it has finalised an agreement to acquire CreditPoint Software a leading provider of real time B2B credit risk management solutions.
Two years on from the Amalto takeover, Sidetrade gains a stronger foothold in North America with the acquisition of CreditPoint Software activities, a Sidetrade news item reports.
Olivier Novasque, CEO of Sidetrade, said: "By acquiring CreditPoint Software, Sidetrade has undoubtedly enhanced its solution for B2B credit risk management and we are in pole position to take advantage of the boom in B2B e-commerce."
Founded in 2006 in the city of Tulsa, Oklahoma, CreditPoint Software is an American software company specialising in comprehensive B2B credit risk management solutions.
John C. Powers, CEO of CreditPoint Software, commented: "By leveraging Sidetrade’s Data Lake with its predictive payment intelligence map of 21 million companies worldwide, we will deploy artificial intelligence in all our decisioning to provide companies with the risk management solution of the future. Propelled by Sidetrade’s sales force and implementation resources, we will further expand this new offering throughout the United States and bring it to the European market for the first time."
Terms of the deal were not disclosed.