Tech

SoftCo acquired in multimillion euro deal

Some industry sources close to the deal say the business has been acquired at a lower price than has been reported

SoftCo founders Jim Coffey and Susan Spence

SoftCo, an Irish software firm, has been acquired in a multimillion euro deal by Keensight Capital, a European growth buyout investor.

Founded in 1990 by Jim Mr Coffey and Susan Spence, SoftCo’s flagship solution is Procure-to-Pay, a software platform that automates key financial processes from procurement, invoice automation, supplier management and reporting.

No financial details relating to the deal have been publicly disclosed although some industry sources close to the deal who spoke to the ...