FLEETCOR to Acquire Nvoicepay, a Leader in Full AP Automation Software

Expands Corporate Payments Business with Full Disbursement Accounts
Payable Cloud Platform

PEACHTREE CORNERS, Ga.–(BUSINESS WIRE)–FLEETCOR
Technologies, Inc.
(NYSE: FLT), a leading global provider of
commercial payment solutions, today announced that it has signed a
definitive agreement to acquire Nvoicepay, Inc., a leader in full AP
automation for businesses.

Nvoicepay delivers automated accounts payable solutions to over 400
business clients, providing a simple UI that allows customers to
electronically pay all of their suppliers. The full disbursement
capabilities of Nvoicepay along with FLEETCOR’s existing card processing
solutions, enables businesses to pay their entire accounts payable
expenses, including both domestic and international payables.

“The addition of Nvoicepay to the FLEETCOR Corporate Payments portfolio
enables us to manage full disbursement of accounts payables for
businesses,” commented Kurt Adams, Group President, Corporate Payments,
FLEETCOR. “Combined with our industry-leading virtual card and corporate
card solutions, we believe FLEETCOR Corporate Payments is now the best
choice for businesses looking to modernize their AP processes.”

“Nvoicepay presents an exciting opportunity to accelerate growth of our
Corporate Payments business by offering customers a simple way to pay
all their accounts payable with one vendor,” said Ron Clarke, Chairman
and Chief Executive Officer of FLEETCOR. “Through the combination of
Comdata, Cambridge and soon Nvoicepay, we believe FLEETCOR will offer
one of the most comprehensive domestic and international AP payments
solutions available to businesses.”

“Nvoicepay’s business-to-business payment platform allows our customers
to pay 100% of their supplier invoices electronically and we are excited
to bring this solution into the broader FLEETCOR family,” commented
Karla Friede, Chief Executive Officer and Co-Founder, Nvoicepay. “We
look forward to taking advantage of FLEETCOR’s strengths to continue
driving further innovation in B2B payments.”

Alston & Bird provided legal counsel to FLEETCOR. Raymond James acted as
financial advisor and Cooley LLP provided legal counsel to Nvoicepay.

About FLEETCOR

FLEETCOR Technologies (NYSE: FLT) is a leading global provider of
commercial payment solutions. The Company helps businesses of all sizes
better control, simplify and secure payment of their fuel, toll, lodging
and general payables. With its proprietary payment
networks, FLEETCOR provides affiliated merchants with incremental sales
and loyalty. FLEETCOR serves businesses, partners and merchants in North
America, Latin America, Europe, and Australasia. For more information,
please visit http://www.fleetcor.com/.

About Nvoicepay

Nvoicepay transforms the way enterprises pay their domestic and
international suppliers. For over 400 customers across more than 3,000
entities, the company optimizes electronic invoice payments for
enterprises with intuitive cloud-based software and comprehensive
services. Only Nvoicepay offers an intelligence-driven payment
automation solution purpose-built for the most complex organizations. By
automating all payments, finance teams win through dynamic supplier
activation, superior supplier services, and remarkable results,
unlocking value in the payments process. Learn more at https://www.nvoicepay.com
and on Twitter at @Nvoicepay.

Contacts

FLEETCOR
Investor Relations
Jim Eglseder, 770-417-4697
Jim.Eglseder@fleetcor.com

Media
Relations
press@fleetcor.com

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