Fintech platform Namirial has announced its acquisition of Digital Technologies, a prominent player in digital transaction management software. This acquisition, which focuses on document workflow hyper-automation and invoicing, marks Namirial's sixth acquisition within Europe's digital transaction management sector. The terms of the deal were not disclosed.
Namirial, headquartered in Trezzano sul Naviglio, Italy, itself underwent a significant acquisition by the investment firm Ambienta in May 2020. The addition of Digital Technologies is expected to enhance Namirial's offerings significantly.
Digital Technologies provides services aimed at large corporations across various industrial sectors, facilitating the digitalisation and automation of finance, legal, and supply-chain business processes. The company's solutions include automating document workflows, e-invoicing, and offering digital trust solutions such as digital signatures, digital archiving, and e-payments. This aligns closely with current trends in AI automation, where businesses are increasingly seeking to streamline operations and embrace digital transformation.
With this acquisition, Namirial aims to leverage the capabilities of Digital Technologies’ e-invoicing hub, which operates across multiple international jurisdictions. This effectively covers all countries within Europe, South America, and Asia that have adopted e-invoicing solutions. In France, Digital Technologies is recognised as an established Partner Dematerialisation Platform, contributing additional strength to Namirial's e-invoicing capabilities.
The client base of Digital Technologies primarily consists of large multinational corporations that require a highly automated and regulation-compliant electronic invoicing platform capable of operating on a global scale. As businesses increasingly adopt automation technologies, acquisitions such as Namirial's could signify a shift in how financial and transactional processes are managed, fostering efficiency and compliance in an evolving digital landscape.
Source: Noah Wire Services