American Express Acquires Expense Management Software Provider Center

American Express (Amex) has announced its agreement to acquire Center, a U.S.-based expense management software provider. The financial terms of the deal were not disclosed.

Founded in 2017 and headquartered in Bellevue, Washington, Center offers an integrated corporate card, expense management, and travel solution. Its tools are designed to help companies maintain compliance with internal spending policies while streamlining expense reviews and audits.

In a statement, Amex outlined its plans to combine its corporate and small business cards with Center's software to create an enhanced expense management platform. The platform aims to "deliver more value across the commercial card payments process," offering premium card choices, rewards, and automated accounting and reconciliation features.

The acquisition is expected to close "within the second quarter of 2025," pending customary conditions. This move follows Amex's October 2024 agreement to purchase UBS's 50% stake in Swisscard AECS, which granted Amex full ownership of the Swiss credit card provider.

The acquisition of Center marks another step in Amex's efforts to expand its offerings in the corporate expense management space, though specific financial details of the deal remain undisclosed.