Exact, which is concentrated in the Benexlux c countries, said it is seeking more acquisitions in the region. The deal is expected to close this month. Weclapp’s mangement will continue to run the business, which was founded in 2008 in Frankfort, German, and reportedly has more than 7,000 SME clients. It also recently purchased ITscope, a procurement/B2B trading portal for SMEs, and FinanzGeek and a cloud-based software for microenterprises,
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EXACT EXAPNDS IN DACH REGIOIN Featured
Exact is expanding into the German-speaking DACH region (Germany, Austria and Switzerland) with the planned purchase of ERP provider, Weclapp from German holding company, 3U Holding. 3U said the value of its holdings, about 71 percent of the Weclapp shares, is about 227 Euros, roughly $228 million.
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