San Francisco-based Taulia Inc., a cloud-based payment and discounting solutions provider, has entered into a strategic partnership with Canadian telecommunications company TELUS Corp. and its venture capital investment arm, TELUS Ventures. Through this partnership, the TELUS organization will implement Taulia internally, and invest in and resell its solutions in Canada. Taulia has been venture-backed since 2010. Its other investors include DAG Ventures, Matrix Partners and Trinity Ventures.
Taulia Inc. and TELUS Announce Strategic Partnership
SAN FRANCISCO, Calif., July 30, 2013 (GLOBE NEWSWIRE) — via PRWEB – Taulia, the market-leading SaaS platform for dynamic discounting, announced today it has entered into a strategic relationship with TELUS, a telecommunications leader headquartered in Canada. Through this alliance, TELUS will implement Taulia internally, as well as invest in and resell the solution in the Canadian market.
“Taulia has experienced phenomenal success over the past year, building a global customer base and becoming the industry’s fastest growing buyer network,” said Bertram Meyer, Taulia CEO. “This strategic investment from TELUS will allow Taulia to further capitalize on this rapid growth and significantly expand our business to the Canadian market through a market-leading organization. TELUS’ commitment to use Taulia for their own invoicing and payment processes, as well as their desire to resell the product into the Canadian market, speaks to the confidence they have in this partnership.”
Established in 2009, Taulia has developed a web-based Dynamic Discounting solution that is easy to install and maintain and streamlines the payable process, while saving organizations millions of dollars annually.
“TELUS is pleased to enter this new partnership with Taulia and with the power of the go-to-market alliance we are creating,” said Mathew George, vice-president of TELUS Ventures. “We are always seeking investment opportunities with companies that have both a strong earning potential and a focus within our areas of growth. The Taulia platform solution allows for simplified invoicing, discount capture and is highly scalable to TELUS and to our partners.”
Later this year, TELUS team will begin using the solution to manage their supplier payment process and the TELUS sales team will offer it to TELUS customers through TELUS Financial Services.
“The marketplace demand for a dynamic discounting solution, combined with its successful track record, make Taulia a high-value offer to our client base in Financial Services, Health and other verticals,” said Keith Nugara, vice-president of TELUS Financial Services Market. “This platform is a natural extension of our suite of payment products and services, allowing us to extend our relationship into the client’s accounts payable and receivable services.”
TELUS (TSX:T) (NYSE:TU) is a leading telecommunications company in Canada, thanks to $11 billion in annual revenue and 13.2 million customer connections, including 7.7 million wireless subscribers, 3.4 million wireline network access lines, 1.4 million Internet subscribers and 712,000 TELUS TV customers. Led since 2000 by President and CEO, Darren Entwistle, TELUS provides a wide range of communications products and services, including wireless, data, Internet Protocol (IP), voice, television, entertainment and video.
In support of our philosophy to give where we live, TELUS, our team members and retirees have contributed more than $300 million to numerous charitable and not-for-profit organizations and volunteered 5 million hours of service to local communities since 2000. Fourteen TELUS Community Boards lead TELUS’ local philanthropic initiatives. TELUS was honoured to be named the most outstanding philanthropic corporation globally for 2010 by the Association of Fundraising Professionals, becoming the first Canadian company to receive this prestigious international recognition.
For more information about TELUS, please visit http://www.telus.com.
Taulia provides cloud-based invoice, payment and dynamic discounting management solutions for large buying organizations throughout the world. Organizations can reduce their total spend and achieve double-digit returns on cash positions, while allowing their suppliers opportunities to benefit from early payments, eInvoicing capabilities and low-cost financing options. Some of the most innovative brands in the world rely on Taulia, including Coca-Cola Bottling Co. Consolidated, Pfizer, Pacific Gas & Electric, Hallmark, John Deere and other Fortune 500 companies from various industries. Taulia is headquartered in San Francisco, California with offices in London, Düsseldorf, Germany, New York City and Park City, Utah. For more information, visit http://www.taulia.com.
CONTACT: Taulia, Inc.
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