Connectbase has acquired Cloud Age for an undisclosed amount. Cloud Age is a software company dedicated to automating solutions for business challenges related to IT Infrastructure vendor cost and revenue alignment. With two decades of expertise, Cloud Age specializes in automating vendor invoice capture and data extraction through proprietary invoice readers. Its gpxcloud™ SaaS system enables clients to create and maintain service inventory and connect to leading quoting, ordering, and ERP platforms via API.
The gpxcloud™ system automates critical functions such as COGS management, cost and invoice reconciliation, general ledger assignment, invoice approval, and vendor payment, while also linking each cost element to corresponding revenue. This robust offering is designed for companies managing telecom, collocation, wireless, cloud, or usage-based third-party costs, providing enhanced control, shorter processing cycles, higher accuracy, and reduced operational costs. The acquisition by Connectbase is a strategic move to integrate these specialized capabilities.
The integration of Cloud Age's financial and operational automation tools into Connectbase's portfolio is expected to create significant synergies. This will likely enable Connectbase to offer a more comprehensive platform that combines its existing market focus with Cloud Age's deep expertise in automating complex IT infrastructure financial management. The combined entity aims to deliver a streamlined, end-to-end solution for service providers and enterprises, enhancing their ability to manage intricate network and IT costs with greater efficiency and precision, ultimately improving financial visibility and operational control for customers.