- Business
- Esker SA (ALESK.PA) develops and markets cloud-based AI-driven process automation software for the Office of the CFO, focusing on Source-to-Pay (S2P) and Order-to-Cash (O2C) cycles; its core offerings include accounts payable automation with intelligent capture and touchless processing, accounts receivable solutions encompassing credit management, invoice delivery, cash application, deductions and collections management, order management with sales order processing, supplier management, procurement, sourcing, e-invoicing, electronic data interchange (EDI), customer service tools for dispute resolution and inquiry management, and complementary capabilities such as Esker Synergy AI for data recognition, predictive analytics and agentic AI workflows, all integrated with over 70 ERPs via a global cloud platform supporting mobile access and multi-language operations. Founded in 1985 and headquartered in Villeurbanne (Lyon area), France, with U.S. headquarters in Madison, Wisconsin, the company operates 15 subsidiaries across North America, Latin America, Europe and Asia Pacific, serving over 3,000 customers including NVIDIA, Whirlpool and Lufthansa with 2024 revenue of EUR 205.3 million. In recent developments, Esker delists from Euronext Growth Paris effective March 3, 2025, following a successful EUR 1.6 billion public tender offer and squeeze-out by Boreal Bidco SAS, backed by Bridgepoint, General Atlantic and management, marking a shift to private ownership to accelerate global expansion; it announces strategic alliances with QAD for accounts payable optimization, Numen for SAP transformations in the Americas, PwC Poland for financial processes, and EY for digital performance, alongside new capabilities like Synergy Transformer AI for order processing, Connectivity Suite for Microsoft Dynamics 365 integration, and leadership recognitions as a Leader in 2024-2025 Gartner Magic Quadrants for Invoice-to-Cash, Accounts Payable and European e-Invoicing per IDC.