Automatic Data Processing, better known as ADP, announced today that it has entered into an agreement to acquire Calgary's DO2 Technologies Inc., a leading provider of electronic-invoicing solutions.
ADP, with nearly $9 billion in revenue and about 570,000 clients, is one of the world's largest providers of business outsourcing solutions.
The technology acquired from DO2 simplifies the procure-to-pay function, from purchase order integration and transaction processing to discount management, price compliance, approvals workflow, and payment. DO2's solution is delivered through a SaaS (software-as-a-service) model, enabling fast ramp-up and a lower cost of ownership.
Details of the acquisition are not known at this time.
Today, more than ever, new technologies and processes are shaping the way virtually every industry does business. At ADP, we continue to develop... [more]
DO2 Technologies is the global leader in electronic invoicing and procure-to-pay (P2P) solutions. Our complete, scalable platform is delivered over... [more]
Rob Lewis
Rob is the President of Techvibes Media Inc. and Editor-in-Chief of Techvibes.com.
His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University.
When not blogging on...[more]
