Sidetrade to Acquire CreditPoint Software
Summary
This acquisition will be made in cash for an estimated €3 million and paid in part on the signing of the agreement with the rest scheduled for end-2023, which is subject to certain customer renewals. It has developed a cloud-based platform that leverages real-time connection and monitoring for over 20 credit rating agencies worldwide including Dun & BradstreetTM, CreditsafeTM, ExperianTM, EquifaxTM, TransUnionTM as well as S&P and MoodysTM. This enables Credit Management teams to automate and streamline decision-making, resulting in the ability to auto decide up to 100% of initial, increase and renewal decisions. Aimie recommends the best cash collection strategies, automates actions on the Order-to-Cash process, and dematerializes customer transactions to enhance productivity, performance and working capital management. Amongst them, there are Tech Data, KPMG, Nespresso, Hearst, Expedia, Criteo, Manpower, Securitas, Randstad, Engie, Veolia, Inmarsat, and Bidfood.
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