Overview

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Status
Acquired by on September 8, 2009
Total Equity Funding
$14M in 1 Round from 1 Investor
Headquarters:
Bedford, MA
Description:
170 Systems offers software solutions that automate and optimize financial processes for relevant organizations.
Categories:
Financial Services, Human Resources, ERP, Software
Website:
http://www.170systems.com

Company Details

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170 Systems is the leading provider of complete software solutions that automate and optimize Financial processes for the world's largest and most ambitious Finance organizations. The company's customers include Bank of Montreal, British Telecom, ConAgra, France Telecom, Juniper Networks, Plains All American, Reader's Digest, Sandia National Laboratories, Select Medical, Thomson Reuters, University of Pennsylvania, and Verizon Wireless.

The company's flagship product , the 170 MarkView® Financial Suite, is a complete, proven Financial process automation solution for Accounts Payable (AP), Expense Management, Procurement, Accounts Receivable, General Ledger, Asset Management, Project Re-Billing and Human Resources. Certified with Oracle e-Business Suite and SAP ERP, 170 MarkView provides real-time Oracle and SAP integration, leveraging the ERP's approvals and validations - without risk of data duplication. At the same time, all 170 Systems' offerings employ best practice workflows, advanced capture technologies such as OCR and interfaces appropriate for each type of user: AP processor, line-of-business manager, Finance manager and supplier.

Funding Rounds (1) - $14M

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DateAmount / RoundValuationLead InvestorInvestors
Apr, 2002$14M / Series A1

Investors (1)

InvestorRound(s)Partner(s)
Series A (Lead)-

News (3)

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DateNews
Oct 16, 2009170systems.com - 170 Systems raises 14000000 in venture round
Sep 8, 2009Xconomy - 170 Systems Sold to Kofax
Sep 7, 2009Business Wire - Kofax Acquires 170 Systems

Offices/Locations (1)

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  • HQ

    36 Crosby Drive

    Bedford, MA 01824

    USA

Past Team (2)

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Images (1)

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