- Elmo Software Limited (ASX:ELO), an Australian cloud-based HR & Payroll provider, acquired Webexpenses, an Oxford, UK-based expense software provider
- The amount of the deal not disclosed
- The acquisition provides Almo with complementary technology and an established customer base to help accelerate their expansion into UK mid-market businesses
- Webexpenses is a global provider of cloud-based financial management software
- Then the company’s flagship expense management solution automates the process, creating a seamless workflow
- Owner and Chairman, Michael Richards, will also continue as a strategic advisor to the UK business, and CEO Adam Reynolds will continue in his current role
