SmartPay buys ProvencoCadmus
August 19th, 2009
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There is some (good?) news from ProvencoCadmus. SmartPay buys ProvencoCadmus’ payments division.
Provenco merged with Cadmus and became ProvencoCadmus around a year ago. But with recession and a debt of almost $45 million ProvencoCadmus went into receivership recently.
As per the above article SmartPay will be moving into ProvencoCadmus office – does that mean there will be no lay-offs and ProvencoCadmus staff continue work with SmartPay? Its not mentioned clearly. I hope they do as I have got some ex-colleagues who used to work for ProvencoCadmus.
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