Burns e-Commerce Solutions has secured $ 9m investment from HgCapital. The firm said that it will apply the new capital to accelerate product and market development. Trevor Bayley, Director of HgCapital, said ‘In spite of very tough market conditions for technology services companies, Burns has been able to adapt and grow. We believe it is now at the forefront of delivering electronic purchase-to-pay capabilities as a managed service. We are committed to the Burns business and plan, and believe that it has strong potential to achieve its forecast growth.’ Clients for Burns’ flagship Business eXchange service include BAA, Office Depot Viking and Balfour Beatty. Business eXchange is a low-cost managed service that enables companies to automate and integrate their entire purchase-to-pay process. Burns’ business model is based on transaction fees related to document volumes.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.