Telecom expense management (TEM) solutions company Xigo, which Greg likened to a Billshrink for large companies, has been acquired by one of its partners, IT services and solutions provider Dimension Data for an undisclosed sum.
Dimension Data says the acquisition of Xigo, formerly known as Invoice Insight, will enable them to offer enterprise customers an integrated cost optimization solution for spend analysis, sourcing, provisioning and invoice processing.
The company adds that it will focus on increasing Xigo’s market share in the United States and roll out the services to other countries “over time”.
Dave Spofford, CEO of Xigo, will continue to lead the Xigo team and report to Dimension Data’s Americas CEO Jere Brown.
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