Billtrust, Jamesburg, N.J., which provides outsourced billing services to many electrical distributors, announced the acquisition of Invoice Connection, an automated invoice and statement delivery company headquartered in Carlsbad, Calif. No financial details were disclosed.
Invoice Connection has a significant presence in wholesale distribution vertical, Billtrust said in a release announcing the deal. Billtrust's suite of services is particularly aligned with the needs of that market, and the acquisition provides additional value to the customers they serve, the company said.
“Our respective companies have a great deal of respect for each other because we share the same unwavering commitment to client service,” said Flint Lane, Billtrust CEO.