Sidetrade announced on Monday that it is to strengthen its presence on the North American market through the acquisition of CreditPoint Software, a specialist in real-time B2B credit risk management.

The French software publisher explains that this transaction is part of the execution of its 'Fusion 100' strategic plan, aimed in particular at achieving annualized subscription revenues (ARR) of $100 million by the end of 2025.

The transaction is also intended to accelerate the company's goal of achieving revenues of close to $14 million in North America by 2023.

Founded in 2006 in Tulsa, Oklahoma, CreditPoint Software has developed a cloud-based platform for real-time access to more than 20 credit rating agencies worldwide, compiling a unique financial repository that can then be cross-referenced with customer and financial data on companies' credit risk exposure.

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