Profit Technologies has acquired Revenew

A Principal Of 7 Mile Advisors Acted As The Buy-Side Advisor To Profit Technologies On Their Acquisition Of Revenew

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Davidson-based Profit Technologies Inc. has acquired Revenew International Inc., an accounts payable and contract-compliance cost management firm in Houston.

Profit Technologies plans to retain the staff of Revenew International and maintain its operations in Texas.

Financial terms were not disclosed.

“Accounts payable is a strategically important area for our earnings-enhancement business, and the acquisition of Revenew International enables us to increase our presence in this space,” says Chris McKee, vice chairman at Profit Technologies.

DecisionPoint International of Charlotte advised Profit Technologies on the acquisition.

Profit Technologies consults with financial institutions and other companies on controlling costs through procurement, telecom contracts, vendor relationships and other services.

About Profit Technologies

Since 1973, Profit Technologies has been providing custom profitability and performance consultation to partners worldwide. Our targeted solutions have generated more than $30 billion in incremental profits to partners in over 25 countries.

The hallmark of our services is a swift understanding of a client’s business and unique needs. Capitalizing on decades of experience, we offer the strength of experts who are prepared to craft distinct and profitable initiatives for your organization. Over the years, we have helped our clients realize market-leading increases in earnings, share price, and market capitalization.

Headquartered in North Carolina, we have expanded to numerous market segments, servicing clients from offices throughout the United States, Europe, Australia, South America, and Asia. Moreover, this growth—and, more importantly, that of our partners—has weathered six significant economic downturns since our inception.