M&A Deal Summary

Billtrust Acquires Order2Cash

On February 15, 2022, Billtrust acquired internet software and services company Order2Cash

Acquisition Highlights
  • This is Billtrust’s 2nd transaction in the Internet Software and Services sector.
  • This is Billtrust’s 1st transaction in the Netherlands.

M&A Deal Summary

Date 2022-02-15
Target Order2Cash
Sector Internet Software and Services
Buyer(s) Billtrust
Deal Type Add-on Acquisition

Target

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.

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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 3 of 3
Sector: Internet Software and Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 3 of 3
Country: Netherlands M&A 1 of 1
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-12 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.

Buy $58M