Global data intelligence provider Glantus acquires vendor credit recovery leader JPD Financial

Global data intelligence provider Glantus acquires vendor credit recovery leader JPD Financial
24.02.2020 10:16 am

Global data intelligence provider Glantus acquires vendor credit recovery leader JPD Financial

M&A Deals

Glantus, a global provider of financial automation and data intelligence solutions, is today announcing that it has acquired JPD Financial, the industry leader in Vendor Credit Recovery ® services. The acquisition will bring new levels of automation and AI to credit recovery and financial processing offered to global businesses and shared services units.

The acquisition of JPD Financial creates a business with a turnover of approximately $12m, and brings global service delivery expertise to the Glantus family of companies

JPD Financial is a trusted partner to Fortune 1000 companies, having led the way in Vendor Credit Recovery services over the past 30 years. This unique service returns millions of dollars to the bottom line of JPD Financial customers each year, while improving long term supplier relationships.  In recent years it has extended its services offering to include Accounts Payable Auditing and Master Data Cleansing. JPD Financial serves North American customers from its headquarters in San Jose and European customers from its operations in the UK.

Glantus, which is based in Dublin and also has a presence in London, has delivered advanced automation solutions to the Accounts Payable function since its inception. The company’s blue chip clients include Europcar, AIG, Applegreen, Hertz, Hydrogen, Deloitte, Barclays and Paddy Power Betfair.

“This acquisition significantly deepens our ability to serve global organisations at scale,” said Maurice Healy, Founder of Glantus.  “It propels Glantus forward in our ambition to drive the future of financial processing with real-time data intelligence.”

The advanced data platform from Glantus, combined with the expertise in service delivery from JPD Financial, will deliver significant benefits to existing customers and accelerate the delivery of innovative new financial processing solutions.

“JPD customers are increasingly looking at automation and AI to drive further efficiencies in their financial processes,” said John Doyle, President and CEO of JPD Financial. “With Glantus, JPD now has the advanced technology platform and the team behind it to deliver these new services.”

Related News

Gresham announces acquisition of Inforalgo to expand regulatory reporting capabilities

Gresham Technologies (Gresham), the leading fintech in reconciliations, banking integration and cash management solutions, has today announced the acquisition... Read more »

Nostra MSP acquires Brandon Global

Nostra, an independent, Irish owned and managed MSP company headquartered in Lucan, Co. Dublin has acquired Brandon Global IT for an... Read more »

Financial conglomerate SBI to acquire $30MM stake in digital asset firm B2C2

B2C2, the trading firm of choice in the institutional crypto markets, announced that SBI Financial Services (a subsidiary of SBI Holdings, "... Read more »

Rise in M&A predicted as retail banks navigate post-COVID crash, latest Kearney analysis reveals

Analysis from global consultancy partnership Kearney predicts a rise in mergers and... Read more »

MFS Africa Acquires Beyonic, Bringing Cross-Border Digital Payments to SMEs Throughout Africa and Beyond

Pan-African cross-border payments leader MFS Africa today announced that it has acquired ... Read more »

FIME expands testing & consultancy offering with the acquisition of CETECOM Payment activities in the U.S.

Payments testing and consultancy expert, ... Read more »

Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel