Montreal, Canada, 11 July, 2023 – Valsoft Corporation Inc. (“Valsoft”), a Montreal-based company specialized in the acquisition and development of vertical market software businesses, is pleased to announce the acquisition of E-Finances, an industry leader which offers a complete treasury management solution.
Since 2001, E-Finances has been publishing and offering financial management solutions perfectly adapted to each structure and activity with the aim of providing small and medium-sized companies, as well as major international groups, with solutions to manage and optimize their financial requirements.
“Valsoft is the perfect partner to support E-Finances’ continuing evolution and will ensure a bright future for our customers and employees” stated Bruno Penguilly, E-Finances’ founder and CEO. “We look forward to continued growth and the opportunities that will be available to E-Finances as we become part of the Valsoft family”.
With this latest acquisition, E-Finances becomes the fourth company in the Financial Services portfolio to be operated by Aspire Software, a division of Valsoft Corporation. E-Finances will now have the opportunity to not only further strengthen their presence in the market with its flagship products, E-control and E-Tresorerie but to expand globally and leverage Aspire Software’s existing presence.
“We are delighted to continue our expansion in the financial services space with our newest addition in E-Finances” said Michael Assi, CEO of Aspire Software, a division of Valsoft Corporation. “We, alongside the world-class management team currently in place at the business, will carry on E-Finances’ legacy in serving our customers as a long-term technology partner, enabling them with the best technology and exceed their expectations in product and services quality.”
About E-Finances:
Since 2001, E-Finances has been providing innovative and customer centric financial management solutions to enable their customers to manage their treasury/cash, vendor payments, and financial debts and obligations. It enables large corporations to consolidate their financial management functions in a centralized platform in accordance with French or International Banking Protocols
About Valsoft Corporation:
Valsoft Corporation acquires and develops vertical market software companies through which each business can deliver the best mission-critical solutions for customers in their respective industries or niche. A key tenet of Valsoft’s philosophy is to invest in well-established businesses and foster an entrepreneurial environment that shapes a company into a leader in its respective industry. Unlike private equity and VC firms, Valsoft does not have a predefined investment horizon and looks to buy, hold, and create value through long-term partnerships with existing management and customers.
Valsoft was represented internally by Shinjay (Ssin) Choi, Senior Legal Counsel and David Felicissimo, General Counsel. Externally, Valsoft was represented by Baudouin Gueyffier of Addleshaw Goddard LLP (Paris, France). Shareholders of E-Finances and Key Business were legally represented by Sabrina Ehanno from Coic-Chappel (Nantes, France), and commercially by Amaury Semain from OpportunIT (Issy-les-Moulineaux, France).
For more information on the companies please visit www.E-Finances.fr and http://valsoftcorp.com and https://www.aspiresoftware.com/
Media contact information:
Communications and Public Relations
Valsoft Corporation
communication@valsoftcorp.com