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US-based expense management software provider Certify has acquired Captio, a European expense provider.
The acquisition is Certify’s first outside of North America, marking the firm’s global expansion. The deal allows the company to offer its expense management solutions for large, mid-size and small business customers throughout Europe, specifically in Spain, Portugal and Italy where Captio has a strong customer base.
The combined company brings Certify to more than 10,000 customers in over 90 countries.
Captio is based in Spain and was founded by Joel Vicient, Dan Moser, Joaquim Segura and Luis Claramonte in 2012. It offers an end-to-end cloud-based expense management platform with mobile capabilities and the ability to comply with country-specific taxation requirements. Vicient and the company’s in-country managers will join the Certify leadership team.
The combined company will continue working on current product lines and serving existing customers.
Vicient commented: “This is an exciting day for Captio and its customers. For six years we’ve worked very hard to create a tool that makes it easier for business travellers to record their expenses and for companies to manage those expenses and simplify reimbursement. We’re proud of the progress we’ve made and the success of our customers. Aligning with Certify will allow us to expand our product further, enhance support to existing customers and secure new customers while accelerating our plans for growth.”
Robert Neveu, president and CEO of Certify, added: “Captio has captured significant market share in Europe through a combination of great technology, first-class customer service and skilled leadership. They have a strong and growing customer base, and a great reputation. We are excited to bring them into the Certify family and we look forward to working with Joel and his team to build the Certify brand throughout Europe.”
Certify has been making moves to grow its presence outside of Europe in recent years, forming a partnership with UK-based Sage Software. Earlier this year, the company announced a new integration with Western Union to provide international payment capabilities to Certify customers with operations outside the US.