Tungsten Corporation plc
TUNG.L
London Stock Exchange54.60
GBp
-0.30
- -
Tungsten Corporation plc
TUNG.L
(London Stock Exchange)
Recent
price
54.60
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Tungsten Corporation plc (TUNG.L) operates a global e-invoicing network that automates invoice-to-pay processes, spend analytics, and supply chain finance solutions for multinational corporations and governments; core offerings include electronic invoicing to streamline accounts payable, invoice data capture, purchase order services, analytics to transform invoice data, accounts receivable solutions for suppliers, workflow automation, and trade finance. Founded in 2000 as OB10 and headquartered in London, UK, the company serves over 72% of Fortune 500 firms and 70% of FTSE 100 companies across 175 countries through offices in the United Kingdom, United States, Bulgaria, Germany, and Malaysia, with an open network processing billions in transactions annually. In June 2022, Kofax acquired Tungsten Corporation for approximately £53.1 million, integrating its e-invoicing capabilities into a broader intelligent automation platform; subsequently, in 2024, Kofax rebranded to Tungsten Automation, emphasizing AI-driven document processing, accounts payable automation, and enhanced compliance services while maintaining Tungsten Network as its core e-invoicing business.