InvoiceLink most recent but most important-IMO.
I know you are a CKFR holder this should be competition to CKFR but only in the B2B area. InvoiceLink is a replacement for Transpoint. IFM cannot use Transpoint in the US!! found that out just recently. Neeed alternative for financial verticle in the US . If you form an opinion about InvoiceLink I would like to here it. Thanks.
I'll copy one of the links as another link has been removed already.
Message 14292812
Tuesday August 29, 7:04 am Eastern Time
Press Release
BCE Emergis Snaps Up InvoiceLink
MEDIA ADVISORY
TORONTO--(BUSINESS WIRE)--Aug. 28, 2000-- Media are invited to listen in on the financial analyst conference call discussing the contents of the attached press release.
The conference call will start this morning, August 29, 2000 at 9:30 a.m. and will be:
broadcast live via the Web at www.emergis.com * accessible by phone Toronto: (416) 695-5806, outside
Toronto: (800) 273-9672
The conference call replay will be available:
Starting at 1:00 p.m. on August 29th, for 48 hours, by phone at (416) 695-5800 or (800) 408-3053 (pass code: 547897).
Or starting August 31st on www.emergis.com
BCE Emergis Snaps Up InvoiceLink Corporation
Adds Advanced B2B Invoice Presentment and Payment Technology and Another Building Block for Expansion into the U.S
BCE Emergis Inc. today announced that it has entered into a definitive agreement to acquire InvoiceLink Corporation, of Greensboro, North Carolina, a privately-held company and a technology leader in Web-based invoicing and payment solutions for B2B applications. InvoiceLink has developed and patented a best-of-breed electronic invoice presentment and payment (EIPP) technology. In the U.S., BCE Emergis will leverage the strength of this technology to further develop its B2B services in the e-health and financial services sectors and will bolster InvoiceLink's ability to offer EIPP to companies. In Canada, BCE Emergis will integrate this technology into its leading-edge e-commerce solutions.
BCE Emergis will acquire InvoiceLink for a purchase price of US$88.3 million payable in BCE Emergis shares and options. As well, BCE Emergis will repay InvoiceLink's US$5.3 million in debt. At closing, BCE Emergis will issue shares and options representing 50% of the purchase price, while the balance of the purchase price will be paid in three share installments on the anniversary dates of the closing, subject to certain terms and conditions. The transaction, subject to closing conditions including regulatory approvals, is anticipated to be completed in September 2000.
``This acquisition clearly positions us at the forefront of the North American B2B electronic invoice presentment and payment market. It gives us an important edge, at an important time, in this emerging EIPP market'', stated Brian Edwards, President and CEO of BCE Emergis. ``We plan to combine InvoiceLink's state-of-the-art technology with our electronic bill presentment expertise developed in the B2C market and to expand this offering in Canada. This technology will be a key success factor for our bank-centric strategy in the U.S. to address the financial services market. Furthermore, on the strength of their technology, InvoiceLink is developing a promising pipeline of customers.''
Edwards further added that BCE Emergis will integrate InvoiceLink's B2B EIPP application with its other solutions, including electronic procurement and security, as well as electronic claims processing in the healthcare area. Founded in 1997, InvoiceLink has created a solution that addresses the complexity of the B2B invoicing and payment process. InvoiceLink's technology, integrated architecture and comprehensive functionality is a compelling solution for the challenging requirements of B2B invoicing and payment. It allows trading partners of a company to electronically receive and pay invoices over the Internet, dispute entire invoices or individual line items, pay selected invoices over the Internet, view payment information and history. It also provides billers with an extensive back office system to support their customer operations. Employing some 60 people, InvoiceLink has a strong and experienced management team and a knowledgeable core development team that will continue on with Alan Neely, its president, and BCE Emergis. As part of the agreement, and in order to retain skilled resources, BCE Emergis has agreed to rollover InvoiceLink's employee share option plan. InvoiceLink will continue to operate its head office in Greensboro, North Carolina and its national sales office in Atlanta, Georgia, and will adopt the BCE Emergis name after the closing.
InvoiceLink, whose focus has been to develop its state-of-the-art technology, has yet to record significant revenues and currently has operating expenses of US $1 million per month. It is in the initial stages of bringing its product to market. In 2001, it expects to record US$5 million in revenue and a US$12 million EBITDA loss.
InvoiceLink Corporation (www.invoicelink.com) is the knowledge leader in Web-based invoicing and payment solutions for business-to-business applications. InvoiceLink was founded in 1997 to offer major corporations, digital markets and their trading partners a quick, low-cost and fully integrated solution that eliminates the need for traditional, paper-based invoicing and payment transactions. InvoiceLink business solutions are driven by supplier and trading partner requirements and are supported by the industry's best underlying technology. InvoiceLink is based in Greensboro, N.C., with a national sales office in Atlanta. Intersouth Partners of Durham, N.C., one of the largest and most experienced early-stage venture funds in the Southeast, having invested in over sixty private companies, primarily in the Internet, information technology, and life sciences sectors has been a financial investor in InvoiceLink.
For this agreement, InvoiceLink was advised by Broadview Int'l LLC.
BCE Emergis delivers network-centric e-commerce services that significantly improve customer processes through secure B2B exchanges. Combining e-commerce, e-payment and security services, BCE Emergis offers clients in the healthcare, financial services, telecommunications and transportation industries a full suite of core and vertical-specific services that are the essential building blocks and infrastructure required for e-commerce. BCE Emergis is one of the top e-commerce providers in North America and its shares are included in the TSE 100 Composite Index. For more information, please refer to www.emergis.com.
This news release contains certain forward-looking statements that reflect the current views and/or expectations of BCE Emergis with respect to its performance, business and future events. Such statements are subject to a number of risks, uncertainties and assumptions. Actual results and events may vary significantly.
--------------------------------------------------------------------------------
Contact:
For media:
Sylvia Morin
Director, Corporate Communications
514/868-2358
e-mail: sylvia.morin@emergis.com
or
For investors:
John Gutpell
Director, Investor Relations
514/868-2232
e-mail: john.gutpell@emergis.com |
