Adest

Adest specializes in providing comprehensive automation solutions for invoice management, enhancing organizational efficiency and compliance in financial transactions across various sectors. Founded in 1994 in Dublin, Ireland, Adest provides innovative invoice management solutions. The company was acquired by Glantus Limited in March 2017, though the financial terms of the deal were not disclosed. The firm has participated in a single investment deal.

Adest offers an advanced Invoice Lifecycle Management Platform that improves efficiency, compliance, and control throughout the invoicing process. By utilizing artificial intelligence trained on over 2. 2 billion invoices, the platform supports features such as Touchless Invoicing and e-invoicing capabilities, addressing diverse market needs and ensuring adherence to global e-invoicing regulations. The company's clients include major brands like DHL, Heineken, and Sony across North America, Europe, and Asia-Pacific, demonstrating its role in financial automation.

In the most recent year of 2017, Adest reported an EBITDA of USD 0. 00, reflecting the financial outcomes of its operations. The company generates revenue primarily through a subscription-based model, allowing enterprises to engage with its suite of invoice management products. Following its acquisition in March 2017, Adest aims to develop new products and expand into additional markets.

The specifics of upcoming product launches and targeted geographic regions have yet to be detailed. Future funding will be directed towards enhancing product features and capabilities to better serve existing and new clients.