FlexTecs has received a strategic investment from Cohere Capital, a Boston-based private equity firm, the Atlanta-based recovery audit and contract compliance company said. FlexTecs’ founders retain majority ownership, and leadership remains unchanged, though the company declined to offer further details of the deal, including the size of the investment.
The investment will support expansion of FlexTecs’ services and its FlexTrap software platform, which addresses payment errors and automates statement reconciliations in accounts payable processes.
“This partnership comes at a time of tremendous momentum for FlexTecs,” FlexTecs co-founder and CEO Tom Cook said in a news release. “We’ve doubled the size of the business over the past three years and have grown our global team to more than 600 employees.”
