SoftOne acquires 100% of IMPACT

SoftOne Technologies announced the agreement to acquire 100% of IMPACT’s share capital. Thus, the two leading Greek companies are creating the largest provider of electronic invoicing and EDI services on the Greek market and at the same time the only integrated platform for connecting companies with B2B supply chain solutions.

Already, since the new scheme, more than 45,000,000 documents have been processed through accredited book-keeping software, connecting more than 350,000 companies. An expanded corporate format is created by combining IMPACT’s deep expertise in automating and connecting all supply chain and procurement processes with SoftOne’s strong cloud expertise and its ability to mass develop and roll out products through its strong network of partners, with full capacity to respond to the real transformation needs of all businesses in the market, regardless of size and sector of activity.

The aim

Through this union, the two companies aim to go beyond the harmonization needs of companies with myDATA. By connecting, through the cloud, large and small and medium enterprises, the largest B2B ecosystem in Greece is created. This ecosystem will form the basis for the automation of processes across the spectrum of business-to-business transactions, from procurement, order taking, shipping process (waybills), invoicing to invoice payment or financing.

Recognizing the overall value of IMPACT’s brand and specialty products, the agreement provides for the continuation and evolution of IMPACT’s brand and product portfolio well into the future.

Milestone agreement

The CEO of SOFTONE Group of Companies, Panos Martinis, called the agreement a landmark and part of the group’s broader, long-term strategic growth plan.

For his part, the President of the SOFTONE Group, Antonis Kyriazis, said that the acquisition of IMPACT iwas the most important development after the acquisition of Unisoft in 2019, noting that in the next 5 years, the electronic invoicing and supply chain sector will grow at a rate of more than 40% per year.

The President and CEO of IMPACT, Ioannis Terpsidis, noted that the acquisition lays the foundations for a much larger organization that will be a key contributor to the digital transformation of businesses.