Palo Alto based Bill.com has signed a definitive agreement to acquire Invoice2go, the SMB focused accounts receivable (AR) software provider, in a stock and cash transaction valued at ~$625 million. Invoice2go’s cutting edge AR product coupled with a talented workforce and international customer base, are expected to enhance Bill.com’s current AR solution, provide synergies with its payments solution, and position it as an integrated financial solutions platform for businesses around the globe.
Founded in 2006 by René Lacerte, Bill.com (NYSE:BILL) is a provider of cloud-based software that simplifies and automates back-office financial operations.
