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Thursday, March 28, 2024
HomeBankingBill.com: Acquires expense management software provider Divvy

Bill.com: Acquires expense management software provider Divvy

Date:

  • Bill.com a leading provider of cloud-based software that simplifies, digitizes, and automates complex, back-office financial operations for small
  • Announced entered into a definitive agreement to acquire Divvy in a stock and cash transaction valued at approximately $2.5 billion
  • Divvy a leader in spend management that modernizes finance for business by combining expense management software
  • The acquisition supports Bill.com’s mission and enhances our ability to deliver value to the combined customer base
  • Bill.com’s expanded solution enable businesses to automatically manage accounts payable, accounts receivable
  • Bill.com acquire Divvy for approximately $625 million in cash and $1.875 billion of Bill.com Common Stock

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