10:38 AM EDT, 09/04/2024 (MT Newswires) -- Vertex (VERX) said Wednesday it completed the acquisition of ecosio with an upfront cash payment of $69 million.

The transaction also includes a targeted earn-out of $76 million in cash and $35 million of Vertex shares, the company said. Ecosio is a B2B integration provider specializing in electronic data interchange and e-invoicing.

Shares of Vertex were down about 2.8% in recent trading.

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