Billtrust Acquires iController

October 12, 2021

Billtrust (NASDAQ: BTRS) acquired iController, a Belgium-based SaaS collections management provider, for $58 million in a cash transaction. The deal expands Billtrust's presence in Europe and enhances its global collections and AR automation capabilities, with iController's team continuing to operate from Ghent and Amsterdam.

Buyers
Billtrust
Targets
iController
Industry
Cloud & SaaS
Location
East Flanders, Belgium
Transaction Type
Buyout

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