Nvoicepay, a 9-year-old Beaverton, Ore., tech company, sold Tuesday to a Georgia company called Fleetcor. It’s the latest in a string of deals for young Oregon technology businesses.
Privately held Nvoicepay provides automated invoicing services to more than 400 customers. The company has reported $22 million in funding.
The buyer, Fleetcor, is a much larger player in the commercial payments industry. It’s a publicly traded company that reported $2.4 billion in sales last year and profits of $811.5 million.
The companies did not disclose terms of the deal and did not immediately respond to inquiries about the future of Nvoicepay’s Beaverton office.