BlueSnap to acquire Armatic.

BlueSnap, a global payments technology company, has acquired Armatic, a provider of accounts receivable and invoicing automation. Financial terms were not disclosed. With this acquisition, BlueSnap will provide B2B companies an efficient quote-to-payment solution aimed at increasing sales and reducing costs. "Today marks a major milestone for BlueSnap. B2B organizations are looking to simplify how they bill their customers and to get paid more quickly while reducing costs. We had already integrated the Armatic platform into our solution and shared joint customers, so we expect to generate tremendous growth through the addition of the Armatic team," Ralph Dangelmaier, BlueSnap CEO.