Taulia Inc. and TELUS Announce Strategic Partnership
TELUS implements, invests and resells Taulia's Dynamic Discounting Solution
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
"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
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
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
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CONTACT: Taulia, Inc.
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