Fintech PR
Basware Named a Leader in Inaugural Gartner Magic Quadrant for Accounts Payable Applications
To Basware, recognition underscores expertise in AI-driven finance with Invoice Lifecycle Management powered by 40 years of innovation
HELSINKI and CHARLOTTE, N.C., March 24, 2025 /PRNewswire/ — Basware, the global leader in Invoice Lifecycle Management, has been named a Leader in the first Gartner® Magic Quadrant™ for Accounts Payable Applications. For Basware, this exemplifies its commitment to continuous innovation for the office of the CFO – delivering an end-to-end invoice lifecycle solution that spans from network and invoice ingestion to statement reconciliation and recovery services.
As the Accounts Payable (AP) automation market is set to grow at a 12.8% CAGR through 2030, businesses are under increasing pressure to embrace digital transformation and AI, while e-invoicing compliance mandates, sophisticated fraud threats, and the shift to cloud-based ERP systems are reshaping finance operations. These pressures are compounded by squeezed budgets, making efficiency and automation critical for financial resilience. Basware empowers organizations to address these challenges head-on.
Redefining AI-driven, end-to-end Invoice Lifecycle Management, Basware is powered by the largest, open e-invoicing network and unmatched data insights, strengthening the most complex financial operations worldwide. This is done through intelligent automation, stemming from Basware’s ability to handle all invoices, everywhere in any format, along with offering full compliance and complete control of the entire invoice lifecycle process.
Unlike any other market solutions, Basware provides full visibility and a single source of truth across all invoices on its platform. The result is lower operating costs, compliance and fraud protection, optimized working capital, talent development and retention, and better decision making.
More than 6,500 customers across the globe including DHL, Heineken, and Sony have selected Basware’s Invoice Lifecycle Management to streamline invoice processing, enhance compliance, reduce costs, and gain full visibility and control over their operations. Collectively, customers have processed more than 2 billion invoices totaling more than $10 trillion in invoice spend through Basware, leveraging its automation and AI-driven insights to drive efficiency.
Jason Kurtz, CEO at Basware, commented:
Basware is redefining how finance teams operate – eliminating inefficiencies, ensuring compliance, and delivering AI-driven insights so CFOs can make smarter, faster, strategic decisions. We believe that being named a Leader in the first Gartner Magic Quadrant for Accounts Payable Applications is a testament to our relentless commitment to driving value in AP automation. After 40 years of innovation, we’re still leading the charge to make the invoice lifecycle process 100% touchless, 100% compliant, and 100% protected.”
Examples of customer achievements made possible with Basware include:
- INNIO seamlessly implemented AP automation at speed after a private equity buyout while simultaneously delivering millions in annual savings.
- Billerud leveraged AI and machine learning to modernize invoice processing, reducing total invoice costs by 25%.
- Huntsman saved nearly $9 million in duplicate payments and errors.
- Heineken achieved 100% automation and a 95% compliance rate, a powerful foundation for its upcoming SAP S/4 HANA ERP migration slated for 2027.
Robert-Jan Van Looy, Senior Process Expert Purchase to Pay at Heineken, a Basware customer, shared:
“We are pleased to see Basware recognized as a Leader in the Gartner Magic Quadrant. This validates our decision to partner with Basware in delivering on our Evergreen strategy to become the Best Connected Brewer.”
Basware’s recognition as a Leader in the Gartner Magic Quadrant comes on the heels of key innovations, including the launch of Basware Insights, advancements in GenAI, and the introduction of AP Assurance, an integrated fraud protection and statement reconciliation solution. This also follows recognition from other major industry assessments, including Basware being named a Leader in The Forrester Wave™: Accounts Payable Invoice Automation, Q3 2024, being featured in the IDC MarketScape: Worldwide Accounts Payable Automation Software for Large Enterprises 2024, and peer-recognized as a Customers’ Choice in the 2023 Gartner Peer Insights™ ‘Voice of the Customer’: Procure-to-Pay Suites.
A complimentary copy of the Gartner® Magic Quadrant for Accounts Payable Applications report is available HERE.
Gartner Disclaimer:
Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, MAGIC QUADRANT and PEER INSIGHTS are registered trademarks of Gartner, Inc. and/or its affiliates and are used herein with permission. All rights reserved.
Gartner Peer Insights content consists of the opinions of individual end users based on their own experiences, and should not be construed as statements of fact, nor do they represent the views of Gartner or its affiliates. Gartner does not endorse any vendor, product or service depicted in this content nor makes any warranties, expressed or implied, with respect to this content, about its accuracy or completeness, including any warranties of merchantability or fitness for a particular purpose.
*40 Years of AP Innovation
+++++Over the past year, Basware has reinforced its platform with key innovations including:
- Basware Insights – Gen AI-driven insights, developed specifically for the needs of finance and shared services.
- Touchless Invoice Processing Discovery Dashboard – a dashboard that monitors and optimizes the touchless rate of AP processes, reducing complexities and risk across receiving, matching, workflow and transfer.
- Smart Coding – a market leading, AI-driven coding engine that automates non-PO invoice coding, reducing manual effort and improving accuracy
- AP Protect – an AI-powered solution that helps finance teams protect against the threat of profit loss, invoice errors and fraud.
About Basware
Basware is how the world’s best finance teams gain complete control of every invoice, every time. Our Intelligent Invoice Lifecycle Management platform ensures end-to-end efficiency, compliance and control for all invoice transactions. Powered by the world’s most sophisticated invoice-centric AI – trained on over 2 billion invoices – Basware’s Intelligent Automation drives real ROI by transforming finance operations. We serve 6,500+ customers globally and are trusted by industry leaders including DHL, Heineken and Sony. Fueled by 40 years of specialized expertise with $10 trillion in total spend handled, we are pioneering the next era of finance. With Basware, Now it all just happens.™
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Fintech PR
Ceva Animal Health renews its shareholding structure with all its long-standing partners and opens its capital to Mérieux Institute and ARCHIMED to accelerate its growth.
LIBOURNE, France, March 31, 2025 /PRNewswire/ — Ceva Animal Health (Ceva), the world’s fifth-largest animal health company, announces the restructuring of its capital. All investors, whether “Friends of Ceva” or pure investors led by Temasek, have renewed their investment, demonstrating their confidence in the company’s ability to continue its sustained growth.
Ceva’s management, led by Dr. Marc Prikazsky, has reinforced its participation and still retains the majority of voting rights, reaffirming the company’s commitment to remaining independent. It is supported by a core group of long-term investors, known as “Friends of Ceva” ensuring a stable and committed shareholding structure for the group’s development.
With 7,000 employees, Ceva is a global leader in animal health, particularly in vaccination. Operating directly in 47 countries, the company delivers its products, services and equipment’s worldwide to veterinarians, livestock professionals, and pet owners.
To support innovation in animal health, the Bettencourt-Meyers and Mérieux, have increased their stake through the investment holding Téthys Invest and Mérieux Institute that joined forces with investment fund Mérieux Equity Partners. Canadian pension investor PSP Investments, a long-term investor in Ceva, has also significantly increased its ownership in the group. Other companies participating in the “Friends of Ceva” include Sofiprotéol, the investment branch of the French group Avril, the Japanese company Mitsui & Co., as well as some local investment funds and the Klocke family.
The long-standing minority investors have renewed their commitment, demonstrating their confidence in Ceva’s future. Leading this group of partners is the Singapore-based global investment firm Temasek, joined by French investors EMZ and Sagard, Asia-based HOPU Investments, and U.S.-based Continental Grain Company. This sixth funding round also welcomes the addition of the French investment fund ARCHIMED, led by veterinarian Dr. Denis Ribon. Specializing in the healthcare sector, ARCHIMED focuses on supporting companies in expanding internationally and accelerating their research programs.
Since its founding in 1999, Ceva has grown its revenue fourteenfold, reaching €1.77 billion last year. Driven by innovation and deeply committed to preventive medicine, Ceva was the first veterinary company to develop and commercialize a cutting-edge nucleotide vaccine and invest in gene therapy for companion animals. Aware of its responsibility in addressing major global challenges, Ceva is strongly committed to reducing its environmental impact and promoting the preservation of animal biodiversity.
“I am delighted to see that in this new round of financing, the management’s participation, supported by the ‘Friends of Ceva’, is being strengthened alongside our historic financial investors and new entrants. Ceva plays a major role in animal health, particularly in the fight against emerging diseases, sometimes zoonotic, and in the treatment of chronic diseases affecting our loyal four-legged companions. At Ceva, we are convinced that we must continue to create bridges between different health sectors to protect the health of ecosystems and humans as well as global food security,” said Dr. Marc Prikazsky, Chairman and CEO of Ceva Animal Health.
Ceva would like to thank its advisors, Lazard, Rothschild, Weil, and Callisto, and their teams for their support.
About Ceva Animal Health
Ceva Animal Health (Ceva) is the 5th global animal health company, led by experienced veterinarians, whose mission is to provide innovative health solutions for all animals to ensure the highest level of care and well-being. Our portfolio includes preventive medicine such as vaccines and animal welfare products, pharmaceutical solutions for farm and companion animals, as well as equipment and services to provide the best experience for our customers.
With more than 7,000 employees located in 47 countries, Ceva strives daily to bring to life its vision as a One Health company: “Together, beyond animal health”.
2024 turnover: €1.77 billion
Contact: Emilie Barrail, Head of external communication, emilie.barrail@ceva.com
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LONDON, March 31, 2025 /PRNewswire/ — Tetragon has released its Monthly Factsheet for February 2025.
- Net Asset Value: $3,172m
- Fully Diluted NAV per Share: $35.32
- Share Price (TFG NA): $15.45
- Monthly NAV per Share Total Return: -0.8%
- Monthly Return on Equity: -0.7%
- Most Recent Quarterly Dividend: $0.11
- Dividend Yield: 2.8%
Please refer to important disclosures on page three of the Monthly Factsheet.
Please click below to access the Monthly Factsheet.
About Tetragon:
Tetragon is a Guernsey closed-ended investment company. Its non-voting shares are listed on Euronext in Amsterdam, a regulated market of Euronext Amsterdam N.V., and also traded on the Specialist Fund Segment of the Main Market of the London Stock Exchange. Our investment manager is Tetragon Financial Management LP. Find out more at www.tetragoninv.com.
Tetragon’s non-voting shares are subject to restrictions on ownership by U.S. persons and are not intended for European retail investors.
Please see: https://www.tetragoninv.com/shareholders/additional-information.
Tetragon Investor Relations:
Yuko Thomas
ir@tetragoninv.com
Press Inquiries:
Prosek Partners
pro-tetragon@prosek.com
U.K. +44 20 3890 9193
U.S. +1 212 279 3115
This release does not contain or constitute an offer to sell or a solicitation of an offer to purchase securities in the United States or any other jurisdiction. The securities of Tetragon have not been and will not be registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States or to U.S. persons unless they are registered under applicable law or exempt from registration. Tetragon does not intend to register any portion of its securities in the United States or to conduct a public offer of securities in the United States. In addition, Tetragon has not been and will not be registered under the U.S. Investment Company Act of 1940, and investors will not be entitled to the benefits of such Act. Tetragon is registered in the public register of the Netherlands Authority for the Financial Markets under Section 1:107 of the Financial Markets Supervision Act as a collective investment scheme from a designated country.
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Fintech PR
Africa’s largest optical fibre cable manufacturing facility is set to become a skills hub of excellence in optical fibre
DURBAN, South Africa, March 31, 2025 /PRNewswire/ — Recently, Yangtze Optics Africa Cable (Pty) Ltd (YOA Cable) solidified its position as the largest optical fibre manufacturer in Africa following a significant expansion investment of optical fibre manufacturing facility, located at the Dube Trade Port in KwaZulu-Natal, a coastal South African province, marking a significant milestone in local optical fibre manufacturing and innovation.
The expansion will also generate additional job opportunities, with about 25% of these positions focused on leadership roles and internships through YOA Cable’s Learnership and Internship Programme. This initiative aligns directly with the Youth Employment Programme, underscoring our commitment to nurturing the next generation of professionals and contributing to the local economy.
Working with other strategic partners, YOA Cable is now able to localise the supply of natural polyethylene supply. This is the first locally produced polyethylene product used in the manufacturing of optical fibre cable in South Africa, in more than 20 years. This is a first-hand example of the positive impact that localisation of the optical fibre supply chain can have.
The facility’s expansion directly responds to the growing demand for high-speed connectivity, fuelled by the rapid digital transformation across industries, including education, healthcare, e-commerce, and government services. It will be crucial in supporting South Africa’s growing digital economy.
With the rapid expansion of 5G and AI-driven technologies, the demand for high-speed connectivity has never been greater. With this increased scale, YOA Cable will now be at the forefront of this digital transformation in South Africa. This development will not only enhance scalability but also strengthen its competitive edge in an increasingly evolving market. The growth initiative will enable YOA Cable to tap into new opportunities beyond South Africa, including neighbouring countries where it has previously seen success, and further enhance efforts to contribute towards the country’s skills development efforts in this highly specialized sector.
The Government of South Africa has welcomed YOA Cable’s investment in the country’s digital infrastructure. According to Yunus Hoosen, Head of Invest SA within the DTIC, “this expansion marks a pivotal moment in the country’s push towards achieving digital inclusivity and strengthening local manufacturing capabilities.”
Hoosen noted that the South African government views this investment as an integral part of the country’s broader digital transformation strategy. The ongoing collaboration between the private sector and government, through initiatives like this, is helping to create a more connected, inclusive, and innovative economy for all South Africans.
Local optical fibre cable manufacturing and expertise will enable direct collaboration with telecom operators and fibre network owners to develop fit-for-purpose products supplied cost effectively. In turn, this will be important in expanding broadband access, bridging the connectivity gaps, and particularly providing connectivity in remote and rural areas to enable greater economic participation.
Since 2014, Yangtze Optical Fibre and Cable Joint Stock Limited Company (YOFC) has significantly expanded international operations as a key component of the company’s globalization roadmap. We now operate over 50 offices worldwide, establishing a robust global marketing and service network that extends across 100 countries and regions. We have established eight production facilities in six countries—Indonesia, South Africa, Brazil, Poland, Germany, and Mexico. The strategic distribution of facilities allows us to customize our operations to meet local demands effectively.
These initiatives not only cater to local markets and boost economic development but also generate significant employment opportunities within these communities. At YOFC, we are dedicated to extending fibre optic connectivity to every corner of the globe. By partnering with industry leaders worldwide, we aim to advance the adoption of fibre technology, bridge the digital divide, and address developmental disparities. Our goal is to ensure that everyone has access to more reliable and high-quality network connections, fostering a digitally enriched quality of life for all.
For more information, please visit YOFC’s website – https://en.yofc.com/
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