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Kofax acquires B2B e-invoicing network Tungsten -

Art Post ·
Intelligent automation software platform Kofax has acquired B2B e-invoicing network Tungsten for an undisclosed amount. Founded in 2000, Tungsten facilitates invoice-to-pay processes by digitalising invoices using automation. Headquartered in London, Tungsten enables suppliers to submit tax compliant e-invoices in 54 countries. The company processes invoices for 60% of the FTSE 100 and 68% of the Fortune 500. In 2021, Tungsten processed transactions worth over USD 270 billion for clients...
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Kofax rebrands as Tungsten Automation

Art Post ·
Kofax rebrands as Tungsten Automation Kofax acquired Tungsten in 2022, a global B2B e-invoicing network. streamlines invoice-to-pay processes, offering services like supplier onboarding and payment processing. CEO Reynolds Bish sees the acquisition as a pivotal moment for expansion and innovation. Market Analyst Ralph Gammon questions Kofax's transformation, estimating annual revenue over $700M. new name, reflecting reliability, innovations, and commitment to intelligent automation. Rebrand...
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