BILL.COM DIVVY BARRONONLINE SOFTWARE
"We see the combination of and Divvy as potentially very valuable to small and mid-sized businesses because it creates a single software company focused on helping them to manage, track and control all their business to business spending versus them having to stitch together a number of point solutions." - Kevin Permenter, Research Manager at IDC With real-time insight into all their B2B spending and access to multiple payment solutions, businesses will be empowered to spend smarter, better manage their budgets and cash flow, and simplify their back-office financial operations. The expanded solution will enable businesses to digitally transform their financial operations and automatically manage accounts payable, accounts receivable, and corporate card spend all in one place. The acquisition of Divvy supports ’s mission to make it simple to connect and do business. Together we achieve that vision faster and are better able to serve business owners and finance leaders.” “We have a shared vision to be the one-stop shop for credit and financial software. “We are excited to join and offer our customers and millions of businesses a comprehensive payments solution that saves them time and money,” said Blake Murray, Divvy CEO and Co-Founder. With the elegant spend management solution that the Divvy team brings, their dedication to serving SMBs, and their passion for driving innovation, together we can accelerate our vision to help SMBs transform, grow, and thrive by automating their financial operations.” “Together, we can help SMBs manage all their B2B spend and workflow with one simple solution, saving them valuable time and money and providing real-time insight into their spend and cash flow. “We are thrilled to welcome the Divvy team to ,” said René Lacerte, CEO and Founder. Extends platform with leading spend management capabilitiesĬreates a one-stop shop solution for SMBs to automate their financial operations and manage all their B2B spendīill.com (NYSE:BILL), a leading provider of cloud-based software that simplifies, digitizes, and automates complex back-office financial operations for small and midsize businesses (SMBs), announced today it has completed its acquisition of Divvy, a leader in spend management, for approximately $2.5 billion in stock and cash.
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