Bill.com Hires Seasoned Executive Rory Byrne to Lead Corporate Development

Rhea-AI Summary

Bill.com (NYSE:BILL) has appointed Rory Byrne as Vice President of Corporate Development, a role aimed at enhancing the company’s mergers and acquisitions strategy. Byrne brings over 20 years of extensive experience in fintech and corporate development, having held executive positions in organizations like Visa and Billtrust. CEO René Lacerte emphasized the importance of M&A for future growth, stating that the addition of Byrne is expected to strengthen Bill.com’s ability to support small and midsize businesses in automating their financial operations.

Positive

• Rory Byrne's extensive experience in fintech and corporate development may accelerate Bill.com's growth through strategic acquisitions.
• Byrne's role is expected to enhance the company's M&A strategy, potentially leading to new market opportunities.

Negative

• Concerns may arise regarding the integration of new acquisitions, impacting continuity in operations.
• Byrne's previous executive roles raise questions about the potential challenges in aligning new acquisitions with Bill.com's existing culture.

Bill.com (NYSE:BILL), a leading provider of cloud-based software that simplifies, digitizes, and automates complex back-office financial operations for small and midsize businesses (SMBs), announced today the hiring of Rory Byrne as Vice President of Corporate Development. In this newly created role, Rory will lead the company’s mergers and acquisitions (M&A) strategy and manage the M&A process from identification of growth opportunities, due diligence and through integration.

Rory Byrne, Vice President of Corporate Development at Bill.com (Photo: Business Wire)

“We are thrilled that Rory has joined the Bill.com team. Rory brings a wealth of fintech experience from building to acquiring and then integrating those businesses into multiple financial process automation and payment offerings,” said René Lacerte, CEO and Founder of Bill.com. “We expect M&A to be an important part of our future growth strategy, as we pursue both organic and inorganic opportunities to expand the ways our platform helps businesses simplify and automate their back office operations.”

Rory joins Bill.com with twenty years of experience in business and corporate development, payments, and strategic partnerships globally. He has held executive and leadership positions in a variety of organizations from start-ups to Fortune 500 companies, including Visa, Hyperion, Kofax, and Yahoo!. Rory was formerly Executive Vice President of Billtrust, where he was responsible for business development, payment strategy, and M&A. Rory has spent his career helping organizations accelerate revenue growth through sales, strategic partnerships, and executing acquisitions.

“I’m excited to be joining Bill.com which is helping small and medium size businesses digitally transform their financial operations,” said Rory. “I look forward to working with the team to expand the value the platform provides to customers, partners, and network members, furthering the company’s mission to make it simple to connect and do business.”

About Bill.com

Bill.com is a leading provider of cloud-based software that simplifies, digitizes, and automates complex, back-office financial operations for small and midsize businesses. Customers use the Bill.com platform to manage end-to-end financial workflows and to process payments. The Bill.com AI-enabled, financial software platform creates connections between businesses and their suppliers and clients. It helps manage cash inflows and outflow. The company partners with several of the largest U.S. financial institutions, the majority of the top 100 U.S. accounting firms, and popular accounting software providers. Bill.com has offices in San Jose, California and Houston, Texas. For more information visit www.bill.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210323006030/en/

FAQ

What is the significance of Rory Byrne's appointment at Bill.com?

Rory Byrne's appointment as Vice President of Corporate Development is significant as it aims to bolster Bill.com's mergers and acquisitions strategy, which is seen as key to future growth.

What experience does Rory Byrne bring to Bill.com?

Rory Byrne brings over 20 years of experience in fintech and corporate development, having held positions at companies like Visa, Hyperion, Kofax, and Billtrust.

How will Rory Byrne impact Bill.com's future growth?

Byrne is expected to strengthen Bill.com's M&A strategy, potentially leading to increased growth opportunities for the company.

What role will Rory Byrne have at Bill.com?

Rory Byrne will lead the M&A strategy at Bill.com, overseeing the process from identifying growth opportunities to integration.