DAVIDSON,Profit Technologies has acquired Revenew International, a cost management, accounts payable and compliance firm based in Houston.
Terms were not disclosed.
Profit, which is based in Davidson, said Revenew would operate as a wholly-owned subsidiary. Profit said all staff and operations in Houston would be retained.
“Accounts payable is a strategically important area for our earnings enhancement business, and the acquisition of Revenew International enables us to increase our presence in this space,” said Chris McKee, vice chairman at Profit Technologies, in a statement. “Profit Technologies selected Revenew International because of the solidity of its services, software and systems and its premier client base.”
DecisionPoint International of Charlotte assisted Profit Technologies in the acquisition.