Bill.com, a California-based intelligent bill payment platform provider, announced that the company has agreed to purchase software company Invoice2go.
Under the deal, Bill.com will purchase Invoice2go in a stock and cash transaction valued at around $625 million.
The purchase of Invoice2go will enhance Bill.com’s current accounts receivable offering and supports its mission to make it simple to connect and do business.
Subject to receipt of regulatory approvals and other customary closing conditions, the move, which has been approved by both companies' boards of directors, is anticipated to close by the end of this calendar year.