Software company Kofax in Irvine has acquired Tungsten Corp., a London-based B2B e-invoicing network that facilitates and streamlines complex invoice-to-pay processes. Financial terms were not disclosed.
Kofax software handles masses of written information digitally, such as letting firms automate their invoice processing and accounts payable processes.
Tungsten’s platform includes onboarding of suppliers, invoice processing, e-invoicing, compliance and payment processing.
“Adding Tungsten’s e-invoicing and other capabilities will provide more comprehensive and higher value invoice processing and accounts payable automation solutions to our customers,” Kofax CEO Reynolds Bish said in a statement today.