Recurly to acquire LeapRev

Source: Recurly

Recurly, Inc., a leading subscription management and billing platform for high-growth brands, has announced an agreement to acquire LeapRev, a global revenue recognition and forecasting solution.

This acquisition will create a single source for subscription management, recurring billing, and revenue management that empowers Recurly customers to better focus on driving growth among increasingly complex and evolving revenue accounting and reporting standards.

Recurly powers recurring billing management for many of the worlds leading brands. Part of our customers success has resulted from Recurlys ability to support more granular, pay-as-you-go pricing models. This trend toward enabling greater flexibility in pricing models creates a greater need for accounting automation, said Dan Burkhart, CEO and Co-Founder at Recurly. We are delighted to welcome the talented team at LeapRev and deliver a best-in-class solution for the automation of revenue recognition to the worlds most successful subscription businesses.