Selectica Enters Into Agreement to Acquire b-pack

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Go back to Selectica Enters Into Agreement to Acquire b-pack

Selectica (SLTC) to Acquire b-pack in $12.5M Cash, Stock Deal

March 30, 2015 8:11 AM EDT

Selectica (NASDAQ: SLTC) announced it has entered into a definitive agreement to acquire b-pack, a global leader in purchase-to-pay (P2P) software and services, for approximately $12.5 million in cash and stock. Complementing Selectica's offerings and go-to-market strategy, b-pack delivers solutions in eProcurement, Purchase to Pay, Asset Management, Budget Management, Invoice Management, and Expense Management. b-pack has more than 14 years of expertise and innovation in implementing flexible solutions that address organizations' critical procurement processes and requirements.

"I am excited about the opportunity to join with industry leader b-pack, extending our product portfolio; enhancing our... More