- 170 Systems, headquartered in Bedford, Massachusetts, specializes in financial process automation software, particularly the 170 MarkView Financial Suite for invoice processing, which integrates with SAP and Oracle ERP systems.
- In September 2009, Kofax PLC acquired 170 Systems for $32.9 million, enhancing Kofax's capabilities in the invoice processing market.
- Key customers of 170 Systems include Bank of Montreal, ConAgra, and Thomson Reuters, showcasing its strong presence in various sectors such as finance and telecommunications.
- The ideal buyer for 170 Systems is a mid to large-sized enterprise seeking to streamline their accounts payable processes, reduce manual errors, and improve operational efficiency in financial management.
170 Systems operates with a streamlined departmental structure consisting of two main departments: Information Technology and Other, each with a headcount of one. This balanced distribution indicates a focused operational approach, allowing for specialized roles within a compact workforce. The absence of new hires and attrition over the last 12 months suggests stability in staffing and a consistent operational strategy.
The company is headquartered in Bedford, Massachusetts, with a total of two locations, including one categorized as 'Other.' The geographic concentration in Bedford reflects a localized operational strategy, while the presence of an additional location indicates potential for remote or distributed work arrangements. This structure supports operational efficiency while maintaining a close-knit team environment.
