CG Results has advised iController on its acquisition by Billtrust
- Service: M&A
- Sector: Technology
- Sub Sector: Enterprise SaaS
- Engagement Type: Sell Side
CG Results is delighted to announce that it has advised iController, a leading B2B SaaS provider of intelligent solutions for credit and collections management, on its acquisition by US-headquartered Billtrust (NASDAQ: BTRS).
Founded in 2007, Belgium-based iController has 566 European customers and its SaaS offering enables a wide range of users, from credit and collections managers to CFOs, to optimise credit management and improve visibility into cash flow management.
Billtrust is a B2B accounts receivable (AR) automation and integrated payments leader and this transaction is part of its global strategic expansion plan, expanding its presence in the European market and enhancing its global credit and collections capabilities
This deal emphasises our strong track-record of helping our European software clients achieve great outcomes with US acquirers and investors.
If you ask me to describe the CG Results team I would describe them as extremely client-oriented with a huge amount of experience in getting deals done. CG Results was the perfect partner to do this transaction, we want to thank the entire team for their huge amount of work and teamwork. It’s hard to find an investment banker with as much experience in SaaS scale-ups as CG Results.
Founder & CEO, iController