Basware, a provider of e-invoicing and purchase-to-pay solutions, has acquired Verian, a cloud-based solution provider in the US purchase-to-pay market.

“Verian is a strong fit with Basware’s strategy, cloud-focused business and culture. This acquisition will strengthen Basware’s sales momentum in the U.S., add new customers, and additional e-procurement capabilities to help accelerate growth.

“Verian created a strong position in the industry with its 100 percent cloud-based purchase-to-pay solutions, as evidenced by its annual subscription revenue growth exceeding 40 percent. Jointly we will continue to enable our customers to buy and pay for goods and services in a simplified, paperless and cost-efficient way,” says Esa Tihilä, CEO, Basware Corporation.

“We are tremendously excited about the combined value Basware and Verian will bring to our customers and the overall market. The Basware and Verian solutions complement each other to offer customers the most comprehensive purchase-to-pay, commerce network and financing services globally available today,” says Tehseen Dahya, CEO, Verian.