Axway acquires AdValvas
ARIZONA, UNITED STATES — Axway, a business-to-business (B2B) integration software provider, has acquired AdValvas, a provider of eInvoicing compliance capabilities.
The terms of the deal have yet to be disclosed.
The acquisition adds new capabilities to Axway’s B2B integration software, including embedded support for Pan-European Public Procurement On-Line (PEPPOL), value-added tax (VAT) reform in France, and other worldwide B2B and business-to-government (B2G) eInvoicing mandates.
The adoption of B2B eInvoicing has become urgent due to new regulatory mandates for B2B invoicing in France, set to take effect in 2024. Additionally, B2G eInvoicing has already been made compulsory for all public procurements in the European Union.
AdValvas will operate as a subsidiary of Axway, and its products and services will be integrated into the Axway B2B Integration Platform.
Incorporating AdValvas into the Axway portfolio offers customers a comprehensive solution that enables them to conduct business globally, is standards-driven, and is continuously updated, regardless of the country.
“We remain committed to delivering high-quality products and services to our valued customers, employees, and stakeholders, and we will stay focused and contribute to the standards and best practices on a global scale,” said Michel Gilis, formerly Chief Executive Officer of AdValvas and now vice president of eInvoicing of Axway.
Axway has several headquarters in France, the United States, Singapore, and Brazil.
