HighRadius, a Fintech enterprise Software-as-a-Service (SaaS) company that offers cloud-based financial software, has announced the acquisition of Cforia software.
The company, founded in 2006 by Sashi Narahari is a leading player, with more than 850 customers around the world.
Company had raised a Series A round of $50M in 2017 earlier.
HighRadius provides independent software for the CFO’s office, that runs in the cloud. Using HighRadius, more than 800 top businesses have revolutionized their cash, treasury, and record-to-report operations. Among our clients are numerous companies such as 3M, Unilever, Anheuser-Busch InBev, Sanofi, Engie GBS Solutions, Kellogg Company, Danone, and Hershey’s.
Cforia, on the other hand has over 100 clients worldwide. It is considered as a top billing and collections automation software vendor.
Cforia joins HighRadius with more than two decades of experience, as well as a varied clientele and extra skills.
“We would like to welcome Cforia customers to the HighRadius family. This combination allows us to bring more resources and support to their operations,”
Urvish Vashi, COO HighRadius
