Billtrust acquires Second Phase, a B2B e-commerce solutions provider

Lawrenceville-based Billtrust, a payment management software and solutions provider, announced Tuesday it has acquired Second Phase, a Bolder, Colorado-based provider of B2B e-commerce solutions.

The acquistion, Billtrust said, will allow it to streamline and digitize its order-to-cash solutions.

“We are very pleased to welcome the Second Phase team to Billtrust. 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,” Steve Pinado, president at Billtrust, said.

Financial and other terms were not disclosed.

“We are excited to join the Billtrust solution portfolio, enhancing our ability to more broadly serve our existing customers and accelerate our growth,” Mark Kostovny, founder and CEO at Second Phase, said.