FALL CHURCH, VA—On Friday, October 14, PYMNTS.com, a B2B platform that publishes online articles related to the payments and ecommerce industry, interviewed Nexus Systems CEO Tom Coolidge about his company’s newly garnered $28 million equity investment from Mainsail Partners.
Coolidge told PYMNTS that the capital received through the investment will be slated to help boost scale and also product development. He noted that the investment “comes as the market we’re in has grown and is so vast for our business and the problems we solve that there is an opportunity cost of growing at 30 percent a year,” when, with additional capital and scale, the firm could grow at much faster rates.
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About Nexus Systems
Nexus Systems is the leading provider of web-based procure-to-pay (P2P) applications that drive business process efficiencies and business process accountability. Nexus Systems’ end-to-end product suite includes its flagship Accounts Payable (AP) automation solution NexusPayables, as well as, NexusCatalog, NexusVendorConnect and Nexus Payment Services. NexusPayables, automates the traditionally paper intensive accounts payable process and is recognized as the best-in-class solution due to its robust functionality, intuitive interface, flexibility, compatibility with other systems, and overall ease of use. For more information, visit www.NexusSystems.com.
PYMNTS.com is reinventing the way in which companies in payments share relevant information about the initiatives that shape the future of payments and commerce and make news. This powerful B2B platform is the #1 site for the payments and broader commerce ecosystem by traffic and the premier source of information about “what’s next” in payments. C-suite and VP level executives turn to it daily for these insights, making the PYMNTS.com audience the most valuable in the industry. It provides an interactive platform for companies to demonstrate thought leadership, popularize products and, most importantly, capture the mindshare of global decision-makers. PYMNTS.com is where the best minds and best content meet on the web to learn “What’s Next” in Payments and Commerce. PYMNTS.com is a registered trademark of PYMNTS.COM LLC.
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