Billtrust, an 11-year-old outsourced billing company based in Hamilton, N.J., has merged with Best Practice Systems, an Engelwood, Colo.-based billing company. Terms of the deal were not disclosed, but notably, Billtrust raised a $25 million round from Bain Capital Ventures last November with an eye toward acquiring “one to two” companies per year, as Billtrust CEO Flint Lane told peHUB at the time.
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Posted on: November 14, 2012 by Connie LoizosComments Off
Billtrust may be in the unglamorous business of outsourced bill processing, but Bain Capital Ventures finds it so irresistible, it’s provided the company with $25 million in funding.