On the heels of its $2.5-billion purchase of Divvy, payments software company Bill.com has reached an agreement to acquire Invoice2go. Bill.com will pay about $625 million in stock and cash to buy the provider of mobile-first accounts receivable software.
Founded in 2002 in Australia, the target company serves small businesses and free lancers
Invoice2go has three pricing levels.
The Starter currently available at a discounted price of $59.99 per year, offering 30 invoices annually, online payments at 3.5 percent, a free bank account and a website builder, among other features. At $99.99 per year, the Professional version offers more than 70 invoices annually, a 3-percent payment fee and adds QuickBooks and Xero integration. For a discounted $399.999 per year, the Premium edition features unlimited invoices, a 2.9-percent payment fee, recurring invoices and telephone support.
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards. Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that. A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind