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Portfolio News March 3, 2016

Nexonia Acquires ExpenseWatch

Nexonia Inc, a leading provider of web and mobile business financial management solutions has acquired ExpenseWatch, a leading provider of spend management solutions.
Nexonia Acquires ExpenseWatch

Provides Customers with Industry-Leading Expense Management Solutions And Customer Support

(PRWEB) MARCH 03, 2016

Nexonia Inc, a leading provider of web and mobile business financial management solutions has acquired ExpenseWatch, a leading provider of spend management solutions. The acquisition joins two organizations that offer feature-rich SaaS financial management solutions, highly configurable integrations and industry leading customer support.

“We’re extremely excited to be working with the ExpenseWatch team,” said Neil Wainwright, CEO of Nexonia. “Bill Vergantino and John Neri have built a world-class group of talented people who are passionate about expense management, with strong solutions in purchasing and payable invoices which is a perfect fit for Nexonia. The ExpenseWatch team’s industry knowledge and passion for its customers is remarkable, and we’re honored to now be working with the team. This really is a case of one plus one equaling three.”

“Nexonia and ExpenseWatch offer exceptional solutions, exceptional teams and common cultures that are driven by the desire to offer the best solutions and support possible, delighting customers in a way that is unmatched in the market,” said Bill Vergantino, CEO and president of ExpenseWatch. “Independently our team was strong, together we are committed to offering solutions and a customer support experience that is unrivaled.”

This acquisition demonstrates Nexonia’s ambition for innovation and growth in the cloud-based financial management marketplace, providing best-in-class products and integrations to meet the needs of today’s growing businesses.

About Nexonia
Nexonia Inc. is a provider of leading web and mobile expense, time and other business financial management solutions, including: Nexonia Expenses, Nexonia Timesheets, Nexonia Time Off, Nexonia Time Allocation, Nexonia Purchase Orders and Nexonia Accounts Payable. Nexonia’s simple-to-use and highly customizable applications are fully integrated with ERPs, credit cards and other systems supporting a variety of businesses. Nexonia solutions are designed to streamline the reporting and approval process, improve human resource management and enhance operational efficiency.

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