Zurich, Sept. 19, 2018 (GLOBE NEWSWIRE) -- Corum Group International, the leading M&A advisory firm for software and related technology companies, today announces that its client, Captio, based in Spain, has been acquired by US-based Certify. The transaction brings together two leaders in the expense management space and gives Captio a significant European footprint as it competes head-to-head with Concur. The combined company now has over 10,000 customers in over 90 countries.
“We are proud to have helped Captio create this global partnership,” said Corum Group VP Peter Prince, who led the deal. “The process we went through gives us confidence that Certify is the right acquirer for Captio, and that the combined company will go on to do great things.”
Captio is based in Spain and was founded in 2012 by Joel Vicient, Dan Moser, Joaquim Segura and Lluís Claramonte. Captio offers an end to end cloud-based expense management platform with robust mobile capabilities and the ability to comply with specific country-based taxation requirements. Vicient and Captio’s in-country managers will join Certify’s leadership team.
Certify is a leading online travel and expense management solution for companies of all sizes, and a portfolio company of K1 Investment Management.
“Captio has captured significant market share in Europe through a combination of great technology, first-class customer service, and skilled leadership,” says Robert Neveu, President and CEO of Certify. “We are excited to bring them into the Certify family.”
About Corum Group
Corum Group is the global leader in merger and acquisition services, specializing in serving sellers of software and Internet companies worldwide. With offices globally, Corum has completed over US $7 billion in software M&A transactions over the last 30 years, spanning six continents. Corum also educates the industry with its popular conferences and publishes the most widely distributed software M&A research. Corum's M&A advisors are highly experienced former tech CEOs, who are supported by the industry's leading researchers, writers and valuators. Corum also does much to educate the industry with its conferences and webinars and the industry's most widely distributed software and IT M&A research. For more information, visit www.corumgroup.com.
About Captio
Captio is the leading corporate travel management platform in the Spanish market. Captio integrates the expense management process into one single paperless workflow, without manual tasks or frauds. Companies of all industries and sizes use Captio to save time and money while staying compliant with their local legal and taxation requirements.
About Certify Inc.
Certify was founded in 2008 in Portland, ME and in 2017 was purchased by K1 Investment Management and combined with Nexonia and Tallie brands to create the largest independent global provider of travel and expense management software. In 2018, Certify acquired Abacus, the leading provider of real time expense management. Today, Certify operates all five brands with unique online travel and expense management solutions for different customer segments; its rapidly growing customer base includes over 10,000 customers in 90+ countries.