Bulletin: SaaS firm Beanworks to be acquired by Quadient for $104.5 million

Beanworks saw 70% year-over-year revenue growth in 2020 and is expected to achieve revenue of roughly $10.4 million CAD at the end of 2021.

Vancouver’s Beanworks will be acquired by Quadient in a deal worth about $104.5 million CAD.

Beanworks develops an accounts payable automation software that enables teams to approve invoices and pay vendors remotely while reducing costs.

The company was founded in 2012 and has 800 customers that process more than nearly $18 billion CAD a year through the …