The deal is worth US $88.3 million, payable in BCE Emergis shares and options. BCE Emergis also will repay InvoiceLink’s US $5.3 million in debt. The transaction, subject to closing conditions should be completed next month.
InvoiceLink has developed and patented an electronic invoice presentment and payment (EIPP) technology. In the U.S., BCE Emergis will use this technology to further develop its B2B services in the e-health and financial services sectors and will bolster InvoiceLink’s ability to offer EIPP to companies. In Canada, it plans to integrate this technology into its e-commerce solutions.
BCE Emergis will integrate InvoiceLink’s B2B EIPP application with its other solutions, including electronic procurement and security, as well as electronic claims processing in the healthcare area, according to Brian Edwards, president and chief executive officer of BCE Emergis.
InvoiceLink’s technology allows trading partners of a company to electronically receive and pay invoices over the Internet, dispute entire invoices or individual line items, pay selected invoices over the Internet, and view payment information and history.