![]() In this blog post, we take a closer look at Holdings (NYSE: BILL), a name that stood out from the Enterprise SaaS dashboard after posting the highest quarterly y/y growth.īILL had a phenomenal run in 2021, with a YTD return of 70.6% (as of December 6, 2021). Through Canalyst dashboards, our 500+ global buyside clients can access KPI data across a sector and further expedite their analysis. Today I’m proud that Divvy is joining to bring the one-stop-shop platform that our customers and the market have been asking for.Canalyst models have unparalleled accuracy and data quality, thanks to our 100+ equity research team who build each by hand. Software systems to manage their finances. As we listened to our customers, we heard them ask for a comprehensive payments platform so that they don’t have to use multiple Our customers are our true north, and they always have been. “We are excited to be joining forces with to help SMBs grow and thrive by modernizing and transforming their financial operations,” said Blake Murray, Divvy CEO and Co-Founder. Divvy will be able to offer automated payable, receivables, and workflow capabilities to the more-than 7,500 monthly active SMBs that it can offer expense management and budgeting software combined with smart corporate cards to its more-than 115,000Ĭustomer base and its network of 2.5 million members. The combination will expand the market opportunity for both companies. Together, we can further empower SMBs to transition quickly and easily.” Have a shared passion for helping SMBs succeed and both companies are driving our customers’ digital transformations. “We are excited to work with the talented Divvy team. Our expanded platform will provide moreĪutomation and real-time information to SMBs, enabling them to make more informed decisions,” said René Lacerte, CEO and Founder. Spend management, and I am excited that together with Divvy, we can deliver on that ask, furthering our vision to transform SMB financial operations. Customers have been asking us to help them with their “Since founding, I have been driven by the desire to build solutions that make a real difference for small and mid-sized businesses. Payment solutions, businesses will be empowered to spend smarter, better manage their budgets and cash flow, and simplify their back-office financial operations. With real-time insight into all their B2B spending and access to multiple ’s expanded solution will enable businesses to automatically manageĪccounts payable, accounts receivable, and corporate card spend all in one place, saving them valuable time and money. The acquisition supports ’s mission and enhances our ability to deliver value to the combined customer base. Spend management that modernizes finance for business by combining expense management software and smart corporate cards into a single platform. Midsize businesses (SMBs), announced today it has entered into a definitive agreement to acquire Divvy in a stock and cash transaction valued at approximately $2.5 billion. (NYSE: BILL), a leading provider of cloud-based software that simplifies, digitizes, and automates complex back-office financial operations for small and
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |