I am pleased to announce that Nvoicepay is now officially part of FLEETCOR, a public company with a market capitalization of about $25 billion. FLEETCOR’s financial strength and long track record of success in business payments ensures a bright future for Nvoicepay, our enterprise payment automation solution, and most importantly our customers. As part of the FLEETCOR family, we have the staying power to invest in making our products and services the best they can be, ensuring our customers' success for years to come.
FLEETCOR valued our innovation in payments automation, our team, and our brand position as the market leader. FLEETCOR's financial strength will help us accelerate innovation in payments and develop new solutions in adjacent areas. Our management team will continue to lead the company here in Portland, maintaining our market leadership as this market grows. Our mission to transform the way businesses pay their vendors remains unchanged. This marks the beginning of our next chapter.
As always, we will use customer feedback, goals, and aspirations to inform our roadmap as we build the future of the industry together. As our most important constituents, we're committed to your success. We look forward to what the future holds.