Nexonia Acquires ExpenseWatch

Provides Customers with Industry-Leading Expense Management Solutions And Customer Support

Toronto, Ontario – March 3, 2016

Nexonia, a leading provider of web and mobile business financial management solutions has acquired ExpenseWatch, a leading provider of spend management solutions. The acquisition joins two organizations that offer feature-rich SaaS financial management solutions, highly configurable integrations and industry leading customer support.

“Nexonia and ExpenseWatch offer exceptional solutions, exceptional teams and common cultures that are driven by the desire to offer the best solutions and support possible, delighting customers in a way that is unmatched in the market,” said Bill Vergantino, CEO and president of ExpenseWatch. “Independently our team was strong, together we are committed to offering solutions and a customer support experience that is unrivaled.”

This acquisition demonstrates Nexonia’s ambition for innovation and growth in the cloud-based financial management marketplace, providing best-in-class products and integrations to meet the needs of today’s growing businesses.

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About Nexonia

Nexonia Inc. is a provider of leading web and mobile expense, time and other business financial management solutions, including: Nexonia Expenses, Nexonia Timesheets, Nexonia Time Off, Nexonia Time Allocation, Nexonia Purchase Orders and Nexonia Accounts Payable. Nexonia’s simple-to-use and highly customizable applications are fully integrated with ERPs, credit cards and other systems supporting a variety of businesses. Nexonia solutions are designed to streamline the reporting and approval process, improve human resource management and enhance operational efficiency.