American Express to Acquire Expense Management Software Company Center
Summary
NEW YORK--(BUSINESS WIRE)--American Express (NYSE: AXP) today announced that it has entered into an agreement to acquire Center, a software company modernizing expense management. American Express is a globally integrated payments company, providing customers with access to products, insights and experiences that enrich lives and build business success. Our corporate card and connected software gives businesses real-time visibility into all employee spending, automates manual accounting tasks, streamlines travel booking and expensing, and provides finance teams with the controls and data needed for optimal decision making. With a usage-based business model requiring no upfront investment, we combine self-service configurability with first-class deployment to ensure customer success. Factors that could cause actual results to differ materially from these forward-looking statements, include, but are not limited to: the parties’ ability to satisfy the closing conditions and consummate the transaction; the underlying assumptions related to the transaction proving to be inaccurate or unrealized; and American Express’ ability to integrate Center and benefit from its talent and technology, which will depend in part on management’s decisions regarding future operations, strategies and business initiatives.