Xpertdoc Technologies Inc., a Microsoft Gold Partner and leader in document automation and customer communications management (CCM) solutions, announced the company has acquired the assets of Belgium-based XperiDo from Invenso bvba through a 100% share purchase agreement. Financial terms of the transaction were not disclosed. The acquisition includes Invenso’s XperiDo Document Generation software that automates the creation and delivery of documents for organizations using Microsoft Dynamics 365, Sugar CRM, SalesForce.com and other ERP solutions.
Francis Dion, Xpertdoc’s Founder and Chief Executive Officer stated, “With Xpertdoc’s emphasis on enterprise Customer Communication Management (CCM), this is an exciting opportunity for both Xpertdoc and XperiDo customers and partners. By combining XperiDo’s strong market presence in industries such as Wealth Management, Government, Insurance and Manufacturing across Europe and APAC with Xpertdoc’s already strong leadership in document automation and CCM technologies, we expect to reach even more markets with our combined offerings. We look forward to continuing to provide partners and end user customers with the leading document automation solutions they have come to trust under the Xpertdoc and XperiDo names.”
Invenso CEO and cofounder Rudy Vanhille concluded, “By joining forces with Xpertdoc, we are now able to offer CRM customers with the strongest, most comprehensive offering of features and support capabilities for document-centric workflows and processes on the market.” Vanhille will become General Manager of Xpertdoc Europe and Vincent Van der Linden, Invenso Managing Partner and cofounder, will head up Innovation. Both will join Xpertdoc’s global leadership team.
Xpertdoc’s strategic focus on document and customer communication solutions addresses the growing market need for businesses, governments, insurance carriers and end users to automate and digitize their ever-increasing amounts of forms, documents and templates. According to analyst firm TMR, the U.S. CCM market stood at US $423.1 million in 2016. Rising at an annual rate of 11% between 2017 and 2025, the market is forecast to reach US $1.06 billion by the end of 2025.