The WebMD Corporation, which runs medical information Web sites, said yesterday that it had agreed to buy the billing services provider Advanced Business Fulfillment for at least $110 million in cash.
WALL STREET JOURNAL Start-Ups That Serve Businesses Attract V.C.'s | The latest obsession in Silicon Valley is with start-ups that provide services to businesses rather than consumers, as venture capitalists have been funding new companies like the billing services provider Zuora, which recently raised $36 million, The Wall Street Journal reports.
These databases, for example, were originally constructed to serve a billing role; service providers submit claims in order to be reimbursed for services provided.
The billing and customer service provider Convergys said yesterday that it was buying certain billing and customer care assets from the telephone company Alltel for $37 million.
Similar problems have surfaced in Greece as well as in Spanish regions like Castilla-La Mancha, where a recently elected government accused its predecessor of understating its deficit and not accounting for €2 billion of unpaid bills to service providers.
The bill requires service providers to collect and retain individual data for up to two years, and grants the government the authority to block Web sites without obtaining a court order.
MCA is identical to normal mobile roaming in that passengers are billed through their service provider.
The startup offers a number of tailored products for companies including a billing service for cloud providers, which automates metering, pricing and billing for products, bundles, and configurations.
The startup just released a billing service for cloud providers, Z-Commerce for the Cloud, which automates metering, pricing and billing for products, bundles, and configurations.
