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Docuphase Acquires Frevvo To Extend Its Solution-Based Automation Platform

Aug 09, 2022about 3 years ago

Acquiring Company

DocuPhase

Acquired Company

Frevvo

ClearwaterAccountingCrmFinancial ServicesSoftware

Description

DocuPhase, a leading provider of Business Process Automation (BPA), accounting automation, and B2B payments software and solutions, announced the acquisition of Frevvo, a workflow automation company providing digital online web forms to capture and manage data. The addition of Frevvo's form and signature technologies further enhances the DocuPhase automation platform, which today offers data recognition (OCR), document management, workflow automation, accounting automation, and payment processing technologies to more than 1,000 customers.

Company Information

Company

DocuPhase

Location

Clearwater, Florida, United States

About

DocuPhase is a leading provider of financial automation solutions designed to maximize business efficiency for the back office of the CFO. From AP and Payments to Document Management and Workflow Automation—our comprehensive suite of accounting automation and payment solutions helps teams operate at maximum effectiveness.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed