On Wednesday 7 April, Sidetrade, the French publisher of an artificial intelligence platform dedicated to the management of the order-to-cash cycle, announced that it had acquired 100% of the capital of Amalto. For the sum of 16 million dollars, Sidetrade has acquired the rights to one of the North American players in the dematerialisation of financial transactions and electronic invoices between companies. Sidetrade hopes to improve its Order-to-Cash offer and to integrate more easily into the North American market.

As part of Sidetrade’s Fusion 100 development strategy, which aims to reach $100 million in revenues by 2025, the acquisition of Amalto is a natural fit. The skills of the Amalto team are in line with this strategy on several levels.

First of all, at the innovation level, where the “Augmented Cash” platform for the entire Order-to-Cash cycle will be enriched with two new dematerialization modules: one for all customer orders in order to automatically integrate them into the information systems (“Augmented Order”) and the other to automatically manage and make reliable all customer invoices. Secondly, on a legislative level, where electronic invoices will gradually become the norm due to a recent European Union directive. And finally, on a geographical scale: the acquisition of a North American player strengthens Sidetrade’s presence in the United States, especially when you consider that the market for “Order-to-Cash” platforms in North America is estimated at 5 billion dollars, or 50% of the world market (according to Midcap Partners).

Whether it’s Emmanuel Thiriez, co-founder and CEO of Amalto, or Olivier Novasque, Chairman and CEO of Sidetrade, it’s clear that digital transformation is accelerating within companies. The latter expresses himself:

“Amalto is a real nugget in dematerialization, with an original positioning, focused exclusively on the management of the Order-to-Cash cycle. In terms of innovation, Amalto’s solutions will considerably enrich Sidetrade’s platform and will be available to all clients very quickly.

Amalto’s managing shareholders fully support this operation and intend to continue the adventure with Sidetrade at least until the end of 2024. Emmanuel Thiriez completes Olivier Novasque’s comments:

“We are looking forward to continuing our adventure with Sidetrade, making our ambition to deploy AI technologies in our products and to see our solutions adopted by more companies a reality. We will be able to combine our strengths and greatly accelerate our business development in the context of a structurally buoyant market. Sidetrade has an impressive value proposition built on innovation, customer experience and growth.

Order-to-cash and dematerialization platforms are increasingly popular with companies. Today, only 5% of companies are equipped with an order-to-cash solution. With the acquisition of Amalto, Sidetrade wants to improve this percentage by offering their Order-to-Cash solution.

Translated from Dans l’optique d’améliorer son cycle Order-to-Cash, l’éditeur français Sidetrade acquiert Amalto