Irish financial automation and data intelligence solutions firm Glantus has acquired audit credit recovery firm JPD Financial.
The deal, whose financial terms have not been disclosed, will create a venture with approximately $12m in revenue.
Based in San Jose, JPD Financial has three core service offerings: Vendor Credit Recovery, AP Transactional Audit Services and Master Data Cleansing.
The company also has a service centre in the UK to serve European clients.
The company’s service programme is performed in more than 115 countries and in 20 plus languages.
JPD Financial, which has been offering vendor credit recovery services for 30 years, partners with Fortune 1000 companies.
Glantus founder Maurice Healy said: “This acquisition significantly deepens our ability to serve global organisations at scale.
“It propels Glantus forward in our ambition to drive the future of financial processing with real-time data intelligence”
Glantus expects the acquisition to bring expanded automation and AI to credit recovery and financial processing.
The data platform from Glantus together with JPD Financial’s service delivery know-how is expected to deliver new financial processing solutions.
The Glantus data platform also delivers automation solutions to the Accounts Payable function.
JPD Financial president and CEO John Doyle said: “JPD customers are increasingly looking at automation and AI to drive further efficiencies in their financial processes.
“With Glantus, JPD now has an advanced technology platform and the team behind it to deliver these new services.”