Seattle-based spending management company Fraxion has acquired Yellow Dog Software, which offers inventory management software for the hospitality, sports, food and beverage, and retail industries. Fraxion serves as a digital gatekeeper for business expenses by tracking, controlling and approving business expenses.
Yellow Dog will continue operating out of its Norfolk, Virginia, office and has 67 employees. Terms of the deal were not released.
“Yellow Dog extends Fraxion’s capabilities beyond procure-to-pay into inventory management, adding greater visibility into the downstream impact of purchasing decisions,” Stanton Jandrell, co-founder and CEO of Fraxion, said in a statement.
Fraxion originally launched in South Africa in 1997 and relocated its U.S. headquarters to Seattle in 2019 following its merger with eRequester. It still operates an office in Cape Town.
Last year, private equity firm Main Capital Partners took a majority stake in Fraxion. As part of that transaction, Fraxion also acquired accounts payable provider Centreviews. Fraxion currently has a 69-person headcount, according to the company.
