Billhighway, developer of cloud-based financial management solutions for non-profit and member-based organizations, has been acquired by card processor and gateway provider, BluePay.
John Rante, BluePay CEO, highlighted Billhighway’s “innovative technology, a strong annual growth rate, and incredible customer satisfaction.” Rante said Billhighway’s nonprofit vertical was a “great fit” for BluePay and sees the acquisition as an opportunity to grow BluePay’s integrated merchant base.
Billhighway Chairman and Founder Vince Thomas added that the merger will help “improve the level of products and services” the company provides its member-based association and not-for-profit clients.
Terms of the acquisition were not disclosed.
The announcement comes less than a month after Billhighway was again recognized as one of the “Best and Brightest” companies to work for. Billhighway offers a range of products, from its enterprise-grade financial management platform to its prepaid card (which won the “Head of the Class” PayBefore Award in 2014), to the mobile-fundraising solution the company demoed at FinovateFall 2012.
Last fall, Billhighway earned a spot on Deloittes 2015 Technology Fast 500 for North America for the third year in a row. That summer, the company adopted the SnapApp platform to enable development and publishing of interactive content. In March, Billhighway picked up a Silver Stevie Award for Innovation in Customer Service in the Financial Services Industry category, its second win at the Stevies since 2013.
Founded in 1999, Billhighway is headquartered in Troy, Michigan.
American Banker