Paymetric, the ERP system solutions provider has sold its XiBuy app to BizAps which is a WNS group company. The terms of the deal were not disclosed. Paymetric has so far raised $11 million fro Austin Ventures.
According to Paymetric’s vice president, Kathleen Nugent:
This is a strategic move for Paymetric and is a testament to the success we’ve enjoyed in bringing world-class payment integration solutions to the SAP market.
We are excited for our XiBuy customers and are confident they will enjoy continued success and expanded opportunities under the care and guidance of BizAps. Their experience in SAP integration and specialization in procure-to-pay solutions is why we chose BizAps to be the steward of the XiBuy solution going forward.
