Axway Acquires AdValvas, Expanding B2B Integration and EDI Capabilities
19 Avril 2023 - 8:00AM
Business Wire
The acquisition will notably help enrich the Axway solution to
meet evolving e-invoicing compliance requirements.
Axway (Euronext: AXW.PA), a global leader in B2B Integration and
EDI, announced today that it has acquired AdValvas, a European
expert in e-invoicing processes. The acquisition further enhances
Axway's position as a leader in B2B integration and adds new
capabilities in the area of invoicing and compliance. These include
embedded support for Peppol and the VAT reform in France, as well
other worldwide B2G (Business-to-Government) and B2B e-invoicing
mandates.
“AdValvas has been at the forefront of Peppol and e-invoicing
for the past decade, helping steer the direction of invoice
compliance around the globe," said Axway CEO Patrick Donovan. "We
are thrilled to welcome AdValvas and look forward to leveraging
their deep expertise to help our customers navigate the delicate
compliance waters ahead."
The timing of this acquisition is significant when considering
new regulatory requirements for B2B invoicing in France, which will
have a significant impact starting in 2024. B2G e-invoicing is
already mandatory for all public procurements in the EU, and with
more countries moving to Continuous Transaction Control (CTC), B2B
e-invoicing has become an operational imperative.
AdValvas has a strong reputation in the industry for its ability
to help companies streamline their invoicing processes and meet the
complex requirements of global B2B integration. With the addition
of AdValvas to the Axway portfolio, customers can expect expert
guidance alongside a comprehensive solution that allows them to do
business in a global, standards-driven, and always up-to-date
manner – whatever the country.
“Axway’s acquisition of our company marks a significant
milestone in our growth journey,” says Michel Gilis, formerly CEO
of AdValvas and now Axway VP e-Invoicing. “We remain committed to
delivering high-quality products and services to our valued
customers, employees, and stakeholders, and we will stay focused
and contribute to the standards and best practices on a global
scale. We look forward to continuing to serve you as part of the
Axway family.”
AdValvas will operate as a subsidiary of Axway, and its products
and services will be integrated into Axway B2B Integration
Platform.
Learn more about Axway’s B2B Integration Platform. B2B
Integration with a Private Cloud by Axway [B2Bi]
About Axway
Axway enables enterprises to securely open everything by
integrating and moving data across a complex world of new and old
technologies. Axway’s API-driven B2B integration and MFT software,
refined over 20 years, complements Axway Amplify, an open API
management platform that makes APIs easier to discover and reuse
across multiple teams, vendors, and cloud environments. Axway has
helped over 11,000 businesses unlock the full value of their
existing digital ecosystems to create brilliant experiences,
innovate new services, and reach new markets. Learn more at
axway.com.
About AdValvas
AdValvas is positioned at the crossroads of IT and finance and
delivers superior functionality to various stakeholders in
businesses of any size. We deliver high value services to our
customers by combining in-depth knowledge of e-invoice and
e-delivery standards with a unique set of solutions. We take it as
our duty to bridge the gaps for our clients and so enable
e-procurement automation in a single digital market Europe and
beyond. ViaAdValvas.com
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version on businesswire.com: https://www.businesswire.com/news/home/20230418006244/en/
Todd Holbrook Tel. (480) 371-0113 tholbrook@axway.com
Axway Software (EU:AXW)
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