Deal Details
Webexpenses Is Sold to ELMO
Summary
Signifco Ltd (“Webexpenses” or the “Company”) has been acquired by ELMO Software Ltd. (“ELMO”) (ASX:ELO).
Baird acted as financial advisor to the majority shareholder of Webexpenses on this transaction.
About
Webexpenses is a high growth cloud-based business expense management software platform based in the United Kingdom, where the Company has a large and growing customer base of 1,000+ and a customer retention rate of 90%+. The Company also has growing operations in Australia, New Zealand and the United States.Established in 2002, ELMO is a cloud-based HR & Payroll software provider headquartered in Sydney, Australia. ELMO offers customers a unified platform to streamline processes for HR, and also manage payroll and rostering / time and attendance.
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- Date
- January 2021
- Company
- Webexpenses
- Transaction
- M&A - Sellside
- Sectors
- Technology & Services
- Verticals
-
Software
Human Capital Management
- Target Geography
- Europe
- Acquiror Geography
- Other
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