Clarus buys payment firm Redeo

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E-procurement and marketplace platform provider Clarus Corp., Atlanta, Thursday acquired b-to-b payment vendor Redeo Technologies Inc. for $60 million. Clarus will integrate Redeo's payment, settlement and reconciliation capabilities into its eProcurement and eMarket platforms. Redeo Technologies is a subsidiary of SAI (Ireland) Ltd., a financial services software firm located in Limerick, Ireland. Clarus also acquired SAI as part of the deal.
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