Recently acquired Billtrust brings on new execs

Billtrust’s new owner is wasting no time building its executive team.

On Dec 13, 2022, EQT X fund – part of global investment organization EQT – acquired the Lawrenceville-based BTRS Holdings, more commonly known as Billtrust, for $1.7 billion. Just days later, it announced Sunil Rajasekar as its new CEO, succeeding company founder Flint Lane.

On Jan. 10, the B2B order-to-cash software company announced that Grant Johnson will serve as chief marketing officer and Robert Purcell as chief financial officer.

“I am thrilled to welcome Grant and Robert to Billtrust,” Rajasekar said in a statement. “As experienced executive leaders with proven track records of success, Grant and Bob accelerate our ability to create extraordinary outcomes for our customers as we help them digitize their order-to-cash process.”


Johnson brings to the vast experience role in doubling revenues, scaling businesses, building high-performance teams and transforming global companies from growth stage to multi-hundred-million-dollar enterprises, Billtrust said.

He has served as chief marking officer in several companies, including most recently at Emburse, based in Los Angeles, and before that at Cylance, Kofax and Pegasystems, among other organizations.

Throughout his career, Johnson has played a role in more than 20 acquisitions and liquidity events valued at more than $10 billion.

Johnson earned an MBA from Pepperdine University and a bachelor’s degree from University of California Santa Barbara.

Billtrust CFO Robert Purcell


Purcell, the company’s new CFO, has a background in business and portfolio acquisitions, debt-for-equity exchanges and debt refinancing.

Previously, he served in the same capacity at global software technology firm Talend. He was also CFO payments at Paysafe and, according to Billtrust, was instrumental in the 2018 $1 billion sale of iPayment to Paysafe, a portfolio company of Blackstone and CVC.

A San Fernando Valley Business Journal CFO of the Year, Purcell earned his MBA from the University of Southern California and a bachelor’s in business administration from California State University, Northridge.

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