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Second Phase, Boulder, Colorado, a software solution provider to B2B e-commerce, has been acquired by Billtrust, Lawrenceville, New Jersey. Terms of the transaction were not disclosed.
Second Phase solutions are based on a SAAS cloud software model. This acquisition allows Billtrust to further streamline and digitize the B2B order-to-cash experience.
“We are very pleased to welcome the Second Phase team to Billtrust,” said Mark Kostovny, founder and CEO of Second Phase.“By adding adjacent functionality, this acquisition enhances our capabilities in the order-to-cash cycle and delivers valuable business outcomes to our important wholesale distributor customer segment.”