jBilling, founded locally in 2002, is an open source billing system for enterprises that has been downloaded more than 120,000 times in more than 150 countries, and processes more than 10 million invoices monthly, according to its web site.
“jBilling brings unparalleled simplicity to subscription and other types of complex billing, and the company has helped businesses in a range of industries make payments easier,” stated AppDirect president and co-CEO Daniel Saks in a company release.
“We're excited to work with jBilling's expert team to bring their powerful set of solutions to even more users worldwide.”
The acquisition will allow both companies to expand their reach globally, according to the release. jBilling will continue to serve new and existing customers, and both companies will create a new distribution model to make delivering web-based services faster and easier, the release said.
The local company powers the billing systems for various telecom providers, software-as-a-service companies and public utilities around the world, including Constant Contact, Sage Software and VeriFone. Employees are distributed around the globe.
The Java-built solution can process various billing scenarios including subscriptions, pre-payments with credit cards and complex pricing.
AppDirect allows clients to create branded app marketplaces – like the Apple App Store – in the cloud, letting developers distribute their apps on it. The company powers the marketplaces of firms including Bell Canada, Rackspace and Swisscom.
Neither company was immediately available for comment.