M&A Deal Summary

Billtrust Acquires iController

On October 12, 2021, Billtrust acquired information technology company iController for 58M USD

Acquisition Highlights
  • This is Billtrust’s 1st transaction in the Information Technology sector.
  • This is Billtrust’s largest (disclosed) transaction.
  • This is Billtrust’s 1st transaction in Belgium.

M&A Deal Summary
Date 2021-10-12
Target iController
Sector Information Technology
Buyer(s) Billtrust
Deal Type Add-on Acquisition
Deal Value 58M USD

Target

iController

Ghent, Belgium
iController is a B2B provider of intelligent solutions for collections management. iController’s software-as-a-service (SaaS) offering enables a wide range of users, from credit and collections managers to CFOs, to see information and communication in real time, providing visibility into cash flow management. iController was founded in 2007 and is based in Ghent, Belgium.

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Buyer(S) 1

Buyer

Billtrust

Lawrenceville, New Jersey, United States
Category Company
Founded 2001
Sector Internet Software and Services
Employees687
Revenue 166M USD (2021)
DESCRIPTION

Billtrust is a provider of cloud-based payment cycle management solutions. Billtrust helps companies automate and accelerate their accounts receivable (AR) processes to increase cash flow, improve operational efficiency, and drive customer satisfaction. Billtrust was established in 2001 and is based in Lawrenceville, New Jersey.

DEAL STATS #
Overall 2 of 3
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 2 of 3
Country (Belgium) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-25 C-TABS

Fountain Valley, California, United States

C-TABS (Crown Technology Assisted Business Services) is a SaaS data management solutions provider specializing in the heavy equipment, food services, education, manufacturing and financial industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-15 Order2Cash

Amsterdam, Netherlands

Order2Cash is a B2B order-to-cash platform provider. The Company offers businesses a 24/7 online environment where finance workers can connect, interact and work with customers, debtors, suppliers, and colleagues. Order2Cash was founded in 2016 and is based in Amsterdam, Netherlands.

Buy -
Mergr

Product

Company

Legal