Ticketmaster succeeded in upending a monopoly, Ticketron, in part by changing the business model used in the industry.
EQT Private Equity (which is public) is taking Billtrust (BTRS), a leading accounts receivable and payments provider private.
Plastiq, a B2B SMB payments provider announced it is going public via SPAC. It has Bill.com-like ambitions, but who doesn’t?
Tegus is taking on GLG, Guidepoint, and others in the expert network market armed with a distinctive business model.
There’s been a quiet bidding war for Tungsten Network, the UK e-invoicing network. The acquisition premium is now about 90%.
Most of the software platform IPOs of the prior two years have not fared well since going public. Bill.com is the exception.
Basware a Finnish company in the AP and Procure-to-Pay market is being taken private by Accel-KKR, which knows this space well.
Forrester came out with their latest wave for the Source to Pay suites. They now call the market Supplier Value Management.
The Nine Value Propositions of B2B SaaS Platforms (Third Edition) is my third attempt to describe the ways B2B platforms shape industries.