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Corcentric Acquires Source One Management to Expand Procurement Services
Wednesday 16 May 2018

16 May 2018 - New Jersey, US-based procurement and financial process automation solutions provider Corcentric has acquired Chicago and Pennsylvania-based procurement services provider Source One Management Services, LLC, the company said.
Terms of the transaction were not disclosed.
Corcentric said the acquisition brings sourcing-related services and technology to complement Corcentric's procure-to-pay solutions.
Corcentric offers procurement, accounts payable and accounts receivable solutions that empower companies to spend smarter, optimise cash flow, and drive profitability.
Source One Management Services serves as an expansion of client's existing teams, saving them time and resources by applying collective experience, tools, cross-industry best practices, and customised solutions.
Date Published: 16/05/2018
Target: Source One Management Services
Country: USA
Sector: Business and Consumer Services
Type: Corporate acquisition
Status: Closed
Buyer: Corcentric
Terms of the deal were not disclosed