Creditron and Netvantage Integrate Operations, Adopt Purepay Name

6 August 2008

Creditron, Inc. and Netvantage, Inc., both Purepay portfolio companies, announced today that they are integrating their operations and will adopt the name Purepay, functioning as the Receivables Automation group of the Columbus, Ohio based firm. Wally Vogel, founder and president of Creditron, will serve as president of Purepay Receivables Automation. The combined company boasts a customer base of more than 350 North American companies.

Purepay Receivables Automation will continue to sell and support the Creditron RP$ and Netvantage ItemAge product lines. The newly integrated sales team will offer both products based on unique customer needs across specific vertical markets. Existing customers of both companies will continue to receive superior support and product upgrades.

“Under Purepay’s superb leadership, Creditron and Netvantage have strengthened our market leadership, improved customer satisfaction, and invested in our respective operations, resulting in a significant competitive advantage,” stated Vogel. “The integration of our companies will enable us to build on this momentum while enhancing customer service and enabling greater focus and product innovation based on the requirements of our customers in key market segments.”

The integration of Creditron and Netvantage is expected to be completed in August 2008.

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development