Certify and Chrome River Join Forces

Certify and Chrome River Join Forces

It’s been a momentous week for us here Certify. On Tuesday, we announced our merger with Chrome River. As two of the global leaders in travel, expense, and invoice management software, the transaction was valued at over $1 billion.

The merger joins Chrome River to our existing Certify family of travel, expense, and invoice management brands that includes Nexonia, Tallie, Abacus, and Captio. It has created the industry’s most comprehensive suite of products for monitoring, managing, and analyzing corporate spend.

Initially, the teams at Certify and Chrome River will operate independently, with separate management teams focused on support for our existing products. However, we will collaborate on accelerating investments in technology areas such as machine learning, artificial intelligence, analytics and reporting, providing customers with enhanced travel, expense and invoice management capabilities.

“By bringing together Chrome River’s strengths in large enterprise and Certify’s strengths in mid-market and SMB, organizations of all sizes have the choice of technology suited to their specific requirements, rather than being forced to use a single product,” said Bob Neveu, CEO and co-founder of Certify.

“Combining our resources with those of Certify, we can continue toward our goal of delivering the most innovative and agile solutions on the market,” said Alan Rich, CEO and co-founder of Chrome River. “I look forward to the combined organization continuing to earn an even greater share of a rapidly growing industry.”

Joining Chrome River to the Certify family of brands strengthens our unique approach to creating a portfolio of solutions that meet different client segments and needs—instead of the typical “one size fits all” approach. And the similarities don’t stop there. Both Chrome River and Certify have a similar culture and commitment to ensuring their clients succeed.

Together, Certify and Chrome River have more than 11,000 combined customers in over 100 countries, with solutions available in more than 60 languages. With best-in-class integrations to leading ERP systems like SAP, Oracle, NetSuite, Sage Intacct, Microsoft Dynamics, PeopleSoft, JD Edwards, and QuickBooks, the companies are poised for tremendous growth.

K1 Investment Management holds a majority stake in the combined organization, while existing shareholders, including the companies’ founders and Bain Capital Ventures, a private investment firm based in Boston, retain a minority interest.

“We are incredibly excited to combine K1’s operational expertise with accelerated investments into the companies’ products to create a world-class organization that gives current and future customers an unrivaled choice of best-of-breed solutions,” said Hasan Askari, managing partner at K1 Investment Management.

If you’d like to learn more about our merger, please read our press release.