Iler and Wakolbinger, each proven managers with strong track records, will deepen Billtrust's executive team and add momentum to the company's accelerating growth curve.

"Billtrust is successfully executing on its vision to lead the new era in electronic bill presentment and payments. Iler and Wakolbinger will make significant contributions to our efforts," said Flint Lane, founder and CEO of Billtrust. "Each brings exceptional skills in their areas of expertise that will accelerate our market penetration."

Iler, most recently at New York digital technology company Vibrant Media where he was Chief Technology Officer, has over 15 years of C-level technology experience. He has served in CTO and CIO positions at companies of all sizes from successful startups to large public corporations. In addition to Vibrant Media, Iler has held executive posts at Ascend One, AOL and Advertising.com.

"Billtrust is in a unique position to harness the value of eBilling for its clients and customers," said Iler. "Moreover, it has a focused and talented leadership team led by Flint Lane. The prospect of joining a company with such strengths was very compelling for me."

Wakolbinger, with more than 20 years' experience as a software sales and sales management executive, comes to Billtrust from SunGard Corporate Liquidity, a division of SunGard Financial Systems, where he was Senior VP of Sales, Receivable Solutions. Wakolbinger's specialty is building sales teams that consistently exceed sales quotas; he has extensive experience in selling application software as well as SaaS and managed-service offerings.

I'm impressed by Billtrust's growth potential and the tremendous amount of energy the organization has," noted Wakolbinger. "The company's clients clearly recognize the value Billtrust services have brought to their organizations, paving the way for future sales growth. I look forward to building on this solid foundation and making a contributiion to Billtrust's future success."