European order-to-cash player Sidetrade buys North American outfit Amalto

Sidetrade (Euronext Growth: ALBFR.PA), - publisher of an AI powered platform, dedicated to the management of the Order-to-Cash (O2C) cycle - has announced today conclusion of a firm acquisition agreement covering 100% of the capital and the voting rights of Amalto, one of the main players in the dematerialisation of inter-company financial transactions in North America, for an amount of $16m.

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