GEP acquires procurement software firm OpusCapita

02 July 2024 Consulting.us 1 min. read
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GEP, a Clark, NJ-headquartered supply chain software and consulting firm, has acquired OpusCapita, a Helsinki-based provider of e-invoicing and accounts payable automation software.

Founded in 1985, OpusCapita delivers leading solutions for e-invoicing, accounts payable automation, and supply chain document management to 600 clients globally. The Finnish company has 220 employees based in offices in Europe and Pittsburgh.

PSG Equity will exit its majority stake in OpusCapita, which it acquired in 2019.

Through the acquisition, for which financial terms were not disclosed, GEP will expand its presence in the Nordics as well as its software suite. OpusCapita will operate as a standalone subsidiary.

GEP acquires procurement software firm OpusCapita

“OpusCapita is a kindred spirit with a proven track record of strong organic growth, tenured customers, a relentless focus on fostering top-tier talent and investing in AI-driven procurement software and services,” said Subhash Makhija, CEO and co-founder of GEP. “OpusCapita is a perfect fit for GEP and vice versa, because it unites the foremost e-invoicing and AP automation solutions in the Nordic region with GEP SMART, the industry’s leading AI-driven global procurement and supply chain platform, and combines deep regional expertise and relationships into a robust customer base of global enterprises.”

Founded in 1999, GEP delivers software, consulting, and managed services for procurement and supply chain. Its main products are GEP Smart for procurement and GEP Nexxe, a supply chain unified platform.

GEP has approximately 5,000 employees and works with Fortune 500 companies worldwide.