Like ECSI

closed 12/17/2012 via BusinessWire

Heartland Payment Systems Inc., acquired ECSI

synopsis: Heartland Payment Systems, one of the nation’s largest payments processors, has expanded its Campus Solutions division by acquiring ECSI, a leading provider of cost-effective, customized payments processing solutions for the higher education industry.
buyer: Heartland Payment Systems Inc. (HPY:$2,682.40)
Heartland Payment Systems, Inc. is a payments processor that delivers credit/debit/prepaid card processing, school solutions, loyalty marketing services, campus solutions, payroll and related business solutions and services to more than 250,000 business and education locations nationwide. "
target: ECSI
ECSI supports the entire life cycle of higher education and post-graduation school/student services, including student loan payment processing, default solutions, refund services, tuition payment plans, electronic billing and payment, tax document services, and business outsourcing.
price ($mm)
$38
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/9/2019 via BusinessWire

E-Trade Financial Corp., acquired Gradifi, Inc.

synopsis: E*TRADE Financial Corporate Services, Inc. has acquired Gradifi, a student loan benefit and financial wellness provider. The deal meaningfully bolsters the E*TRADE Corporate Services offering to include financial wellness and student loan solutions as part of a comprehensive benefits platform.
buyer: E-Trade Financial Corp. (ETFC:$2,937.00)
The E*TRADE Financial family of companies provides financial services, including trading, investing, banking, and managing employee stock, securities products and services, commodity futures and options, student loan benefit plans, and more. "
target parent: General Atlantic, LLC
target: Gradifi, Inc.
Gradifi is leading the way in providing innovative financial benefits that empower employers to help brighten the financial futures of their employees with contributions to their student loans, options to refinance their loans, and help save for their children’s educational futures.
price ($mm)
$30
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/12/2016 via BusinessWire

First Republic Bank, acquired Gradifi, Inc.

synopsis: First Republic Bank announced it has acquired Gradifi Inc., a Boston-based student loan repayment technology platform to assist the nation's 44 million student loan borrowers. Gradifi pioneered the SLP Plan (Student Loan Paydown), a technology and service platform used by employers to make direct contributions to employees’ student loans.
buyer parent: General Atlantic, LLC
buyer: First Republic Bank (FRC:$3,197.47)
First Republic and its subsidiaries offer private banking, private business banking and private wealth management, including investment, trust and brokerage services. First Republic specializes in delivering exceptional, relationship-based service, with a commitment to responsiveness and action. "
target: Gradifi, Inc.
Gradifi is a Boston-based student loan pay down provider with the first innovative solution to the nation's $1.3 trillion student loan debt problem. The company is led by a management team that brings decades of combined experience in consumer financial services and entrepreneurial ventures.
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closed 9/27/2017 via BusinessWire

ReliaMax, acquired FUTR Corporation

synopsis: ReliaMax, the complete private student lending solutions provider for banks, credit unions, schools and alternative lenders, announced it has acquired the assets of FUTR Corporation, a San Francisco- and Texas-based private student loan servicing provider.
buyer: ReliaMax
ReliaMax has redefined private student lending. Through its complete Private Student Loan Platform-as-a-Service solution ReliaMax enables lenders to quickly, easily and safely help student borrowers finance their education so they can realize their education goals. "
target: FUTR Corporation
FUTR is a private student loan servicer focused on bringing together technology and quality service to provide transparency and insight that borrowers need to manage private student loans.
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announced 10/19/2017 via PR Newswire

Nelnet, Inc., will acquire Great Lakes Higher Education Corporation

synopsis: Nelnet, one of the leading educational finance companies in the U.S., announced it has entered into a definitive and binding agreement with Great Lakes Higher Education Corporation to acquire 100% of the stock of their student loan servicing company, Great Lakes Educational Loan Services, Inc.
buyer: Nelnet, Inc. (NNI:$824.49)
Nelnet is one of the leading educational finance companies in the U.S. and is focused on providing quality student loan products and services to students and schools nationwide. "
target: Great Lakes Higher Education Corporation
Headquartered in Madison, Wisconsin, Great Lakes and its parent affiliated group have been helping students access higher education since 1967. They provide support to make higher education accessible, the financial aid process simpler, and the possibility of paying for college real.
price ($mm)
$150
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/2/2016 via BNC Analysis

CordiaGrad, acquired CordiaGrad

synopsis: Jack Zoeller, the founder of Cordia Bancorp, relinquished his role as CEO of the company in conjunction with his purchase and independent spin-off of CordiaGrad, a student loan refinance company that launched within the bank last year. CordiaGrad refinance for both undergraduate or graduate degrees and accept applications from nearly 1,000 schools.
buyer: CordiaGrad
CordiaGrad is a student loan refinancing program designed to reward student loan borrowers, who achieved well in school, started a career, and have taken care of their credit, with a low-cost refinance loan. "
target parent: Cordia Bancorp Inc.
target: CordiaGrad
CordiaGrad is a student loan refinancing program designed to reward student loan borrowers, who achieved well in school, started a career, and have taken care of their credit, with a low-cost refinance loan.
price ($mm)
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closed 12/22/2015 via PR Newswire

Gradifi, Inc., acquired SmarterBucks

synopsis: Gradifi, a Boston-based startup, announced the acquisition of the SmarterBucks program from Valore. SmarterBucks provides members a variety of ways to earn value and apply it towards paying down student loan debt. Members participate by shopping at the SmarterBucks.com Marketplace, completing online surveys and by earning rewards with a debit card.
buyer: Gradifi, Inc.
Gradifi is a Boston-based start-up providing an innovative solution to the nation's student loan debt problem. By partnering with companies to develop employer SLP Plans (Student Loan Paydown), rewards programs and brand loyalty programs, Gradifi empowers students to repay their loan debt. "
target parent: Valore
target: SmarterBucks
SmarterBucks is a revolutionary rewards program that helps users pay down their student loans faster and for less. Users earn rewards on the money spent on brands featured in the SmarterBucks marketplace, and those rewards become extra student loan payments on any student loan.
price ($mm)
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closed 4/27/2011 via BusinessWire

ESM, acquired BridgeSpan Financial LLC

synopsis: ESM acquired BridgeSpan Financial, a creator of unique solutions to forecast and manage student loan borrower delinquency and default. ESM will offer the Student Loan Chaperone service to schools, delivering personalized counseling and coaching for students to explore repayment options that fit their needs and lifestyles.
buyer: ESM
ESM provides student lifecycle solutions to help institutions enroll, graduate and place students. As a premier Business Process Outsourcer, ESM operates the largest education-only contact center in the country. "
target: BridgeSpan Financial LLC
BridgeSpan Financial LLC is an education finance company established in 2008 with the mission of creating better solutions for forecasting and managing student loan borrower delinquency and default.
price ($mm)
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closed 3/16/2012 via BusinessWire

United Recovery Systems, LP, acquired Enterprise Recovery Systems, Inc.

synopsis: United Recovery Systems, LP has acquired Enterprise Recovery Systems, Inc. ("ERS"). ERS is a provider of collection services with offices in Oak Brook, Illinois. ERS' clients include post-secondary education providers, student loan guarantee agencies, and the Department of Education.
buyer parent: Audax Group
buyer: United Recovery Systems, LP
United Recovery Systems, LP is a Texas-based Limited Partnership that provides collection services for credit card, retail, commercial, and deficiency loan industries in the United States. "
target: Enterprise Recovery Systems, Inc.
Enterprise Recovery Systems, Inc. specializes in the recovery and resolution of educational loans and institutional accounts for colleges, universities, state guarantee agencies, and lenders.
price ($mm)
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closed 5/9/2018 via PR Newswire

Lumni, acquired Paytronage, Inc.

synopsis: Lumni, an international financial technology company focused on increasing the affordability and accessibility of higher education, announced the acquisition of Paytronage, a 9-month old NYC-based direct-to-consumer marketplace for income share agreements (ISAs).
buyer: Lumni
Lumni is the world's largest and most-established player in the emerging income share agreements (ISA) space, having originated and serviced nearly 10,000 ISAs across Latin America. "
target: Paytronage, Inc.
Founded in August 2017, Paytronage launched as a direct-to-consumer marketplace connecting institutional lenders to students interested in taking out income share agreements. Paytronage launched at the University of Pennsylvania with a focus on offering ISAs to Ivy League students.
price ($mm)
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announced 7/4/2018 via BNC Analysis

Manappuram Finance Ltd, will acquire Indian School Finance Company Pvt Ltd

synopsis: Manappuram Finance Ltd, a NBFC ("non banking financial company") that provides multiple loan services, is planning to acquire Indian School Finance Company Pvt Ltd (ISFC), a NBFC that provides financial solutions and services to educational institutions.
buyer: Manappuram Finance Ltd (BSE:531213:$395.23)
Manappuram Finance Limited is a non banking financial company. They provide fund and fee based services in India. The company offers gold loans, SME and micro finance, forex and money transfer services, commercial vehicle loans, and many other services. "
target: Indian School Finance Company Pvt Ltd
Based in India, Indian School Finance Company Private Limited (ISFC) provides financial solutions and services to education institutions and entrepreneurs managing such institutions, to help improve quality of education imparted to students.
price ($mm)
$31*
rev ($mm)
EBITDA ($mm)
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EV / EBITDA
closed 4/30/2019 via Company Press Release

Reverence Capital Partners LLC, acquired Transact Campus Inc

synopsis: Blackboard Inc. announced that the company has completed the sale of its Blackboard Transact business unit to Reverence Capital Partners, LP. Through transformative payments, Transact partners with institutions to help them make their student and family experience mobile-centric.
buyer: Reverence Capital Partners LLC
Reverence Capital Partners is a private investment firm focused on thematic investing in leading global, middle-market financial services businesses through control and influence oriented investments. "
target parent: Providence Equity Partners Inc.
target: Transact Campus Inc (ONE:$152.00)
Through transformative payments, Transact partners with institutions to help them make their student and family experience mobile-centric. Transact's open enterprise-class cloud platform enables mission-critical capabilities that translate into superior student and family experiences.
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closed 8/4/2016 via PR Newswire

Blackboard Inc., acquired Higher One, Inc.

synopsis: Blackboard Inc., the world's leading education technology company for teaching, learning and student engagement, completed its acquisition of Higher One Holdings, Inc. The acquisition will allow for collaboration between CASHNet, the market software leader in secure online payment of tuition and fees, and the Blackboard Transact business line.
buyer parent: Providence Equity Partners Inc.
buyer: Blackboard Inc. (BBBB:$447.32)
Blackboard is the world's leading education technology company. They challenge conventional thinking and advance new models of learning in order to reimagine education and make it more accessible, engaging and relevant to the modern day learner and the institutions that serve them. "
target: Higher One, Inc. (ONE:$152.00)
Higher One partners with colleges and universities to lower their administrative costs and to improve graduation rates. They provide an array of payment, refund disbursement and data analytics and management tools to institutions that help them save money and enhance institutional effectiveness.
price ($mm)[EV]
$186 [$173]*
rev ($mm)
$161
EBITDA ($mm)
EV / rev
1.5x
EV / EBITDA
announced 12/16/2015 via BusinessWire

BankMobile, will purchase Disbursements Business from Higher One, Inc.

synopsis: Higher One Holdings, Inc. announced that it reached an agreement to sell substantially all of the assets and certain of the liabilities of its Disbursements business, including the OneAccount, to BankMobile. Higher One’s Disbursements business includes its proprietary Refund Management® Disbursement Service and the OneAccount.
buyer parent: Customers Bank
buyer: BankMobile
BankMobile provides personal and commercial banking services through an online platform. It is the first bank in the U.S. With their app, customers can simply snap a photo to upload your driver’s license, deposit checks and even pay bills. "
seller: Higher One, Inc. (ONE:$152.00)
Higher One’s Disbursements business includes its proprietary Refund Management® Disbursement Service and the OneAccount. Refund Management® streamlines the financial aid refund disbursement process and the OneAccount is an FDIC-insured checking account offered through Higher One’s bank partners.
price ($mm)
$37
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/4/2017 via BNC Analysis

SlicePay, acquired Trustio Technologies Private Limited

synopsis: Micro-lending startup SlicePay has acquired Delhi-based P2P lending platform Trustio in an all equity deal. Launched in 2016, Trustio is an invite-only platform for alumni of premier colleges to avail short-term credit from their fellow alumni.
buyer: SlicePay
Founded in 2015, SlicePay operates on a buy now, pay later model through which students can purchase products on credit without collateral. Repayments can be made on a monthly basis. It has partnered with the likes of Amazon, Paytm and Myntra. "
target: Trustio Technologies Private Limited
Trustio is a New Delhi based P2P lending company giving alumni-backed loans to students and recent graduates. Trustio allows alumni of a select number of colleges access to short-term credit sourced from their colleagues.
price ($mm)
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closed 1/20/2016 via BusinessWire

Flywire, acquired ScholarFX

synopsis: Flywire, a leading provider of cross-border payment solutions, announced the acquisition of Toronto-based ScholarFX, a respected processor of tuition, room and board payments for international students attending universities and other educational institutions in Canada.
buyer: Flywire
Flywire is a leading provider of high-ticket cross-border payment solutions, connecting institutions with consumers from around the world. Introduced as a way for international students to pay their tuition for studies abroad, Flywire is welcomed by almost 900 educational institutions. "
target: ScholarFX
ScholarFX is a respected processor of tuition, room and board payments for international students attending universities and other educational institutions in Canada. They served international students living at on-campus residences across Canada by moving, shipping, storage and dormitory products.
price ($mm)
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closed 6/5/2019 via BNC Analysis

Goal Structured Solutions, Inc. (GS2), acquired Skills Fund

synopsis: Skills Fund, a financing platform for bootcamps and tech skill training schools, announced that it has been acquired by Goal Structured Solutions, a company that operates as an asset management firm. Goal is the largest third-party provider of student loan services and currently manages a portfolio of over $26 billion.
buyer: Goal Structured Solutions, Inc. (GS2)
Goal Structured Solutions, Inc. (GS2), operates as an asset management firm. The company offers loan administration, loan and receivables purchasing, capital markets advisory services, and products and services to the education loan industry. "
target: Skills Fund
Skills Fund is a financing platform for bootcamps and tech skill training schools that partners with more than 70 schools and 400 programs. It lends money to students participating in programs in software development, web development, data science, and cybersecurity.
price ($mm)
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closed 12/17/2012 via BusinessWire

Heartland Payment Systems Inc., acquired ECSI

synopsis: Heartland Payment Systems, one of the nation’s largest payments processors, has expanded its Campus Solutions division by acquiring ECSI, a leading provider of cost-effective, customized payments processing solutions for the higher education industry.
buyer: Heartland Payment Systems Inc. (HPY:$2,682.40)
Heartland Payment Systems, Inc. is a payments processor that delivers credit/debit/prepaid card processing, school solutions, loyalty marketing services, campus solutions, payroll and related business solutions and services to more than 250,000 business and education locations nationwide. "
target: ECSI
ECSI supports the entire life cycle of higher education and post-graduation school/student services, including student loan payment processing, default solutions, refund services, tuition payment plans, electronic billing and payment, tax document services, and business outsourcing.
price ($mm)
$38
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/9/2016 via BusinessWire

Heartland Payment Systems, acquired Beanstalk Data, LLC

synopsis: Heartland Payment Systems, one of the nation’s largest payment processors, announced it has acquired privately held Beanstalk Data, a leading provider of customer engagement platforms for restaurants in the United States. Beanstalk Data is a popular technology provider for quick service restaurants and fast casual dining providers.
buyer: Heartland Payment Systems (HPY:$2,682.40)
Heartland Payment Systems, Inc., one of the largest payment processors in the United States, delivers credit/debit/prepaid card processing and security technology through Heartland Secure™ and its comprehensive breach warranty. "
target: Beanstalk Data, LLC
Beanstalk Data has created Beanstalk Engage™, a marketing cloud and big data CRM system combined with a real-time marketing engine for business-to-consumer (B2C) companies, which enables them to have longer and more personal relationships with their customers.
price ($mm)
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closed 1/4/2016 via BusinessWire

EchoSat, Inc., purchased SmartLink™ from Heartland Payment Systems Inc.

synopsis: EchoSat, Inc., a leading provider of payments security, managed firewall and network solutions, announced that it has acquired the SmartLink division of Heartland Payment Systems. SmartLink's secure network management links their client's business to the outside world by providing tools and services to increase productivity.
buyer: EchoSat, Inc.
EchoSat, Inc. provides payments security, managed firewall and network solutions for retail outlets in many vertical markets, as well as managed network and firewall services to protect point-of-sale systems from security breaches. EchoSat is a Level 1 compliant PCI-DSS Service Provider. "
seller: Heartland Payment Systems Inc. (HPY:$2,682.40)
SmartLink's secure network management links their client's business to the outside world by providing tools and services to increase productivity. SmartLink can connect and manage all devices and keep credit card acceptance processing over the internet.
price ($mm)
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announced 12/15/2015 via BusinessWire

Global Payments, Inc., will acquire Heartland Payment Systems

synopsis: Global Payments Inc., a leading worldwide provider of payment technology services, announced that it has entered into a definitive agreement to acquire Heartland Payment Systems, Inc., one of the nation's largest payment companies. Heartland delivers credit/debit/prepaid card processing and security technology through Heartland Secure.
buyer: Global Payments, Inc. (GPN:$3,454.43)
Global Payments Inc. is a leading worldwide provider of payment technology services that delivers innovative solutions driven by customer needs globally. They provide a range of products and services that allow their customers to accept all payment types across a variety of distribution channels. "
target: Heartland Payment Systems (HPY:$2,682.40)
Heartland Payment Systems, Inc., one of the largest payment processors in the United States, delivers credit/debit/prepaid card processing and security technology through Heartland Secure™ and its comprehensive breach warranty.
price ($mm)[EV]
$3,857 [$4,312]
rev ($mm)
$2,588
EBITDA ($mm)
$202
EV / rev
1.7x
EV / EBITDA
21.8x
closed 10/30/2015 via BusinessWire

Heartland Payment Systems Inc., acquired Digital Dining

synopsis: Heartland Payment Systems, one of the nation's largest payment processors, announced its acquisition of Digital Dining, a provider of restaurant point-of-sale and management systems throughout the United States. This acquisition allows Heartland to help restaurants with their point-of-sale system in a secure commerce system.
buyer: Heartland Payment Systems Inc. (HPY:$2,682.40)
Heartland Payment Systems, Inc., one of the largest payment processors in the United States, delivers credit/debit/prepaid card processing and security technology through Heartland Secure™ and its comprehensive breach warranty. "
target: Digital Dining
DIGITAL DINING is a very rich, robust product which is surprisingly easy to use and includes frequency, time and attendance, report writers in Crystal, XML and Excel, accounts receivable, delivery, quick service, drive-thru, bar service and table service all in one powerful application.
price ($mm)
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closed 2/13/2015 via BusinessWire

Heartland Payment Systems Inc., acquired Dinerware, Inc.

synopsis: Heartland Payment Systems, the nation's fifth largest payments processor and a provider of merchant business solutions, is pleased to announce the acquisition of Dinerware. Dinerware provides restaurant (point of sale) systems to fine dining, cafes, nightclubs, bars, fast casual, counter service, QSR, hotels, casinos, golf courses and wineries.
buyer: Heartland Payment Systems Inc. (HPY:$2,682.40)
Heartland Payment Systems, Inc., the fifth largest payments processor in the United States, delivers credit/debit/prepaid card processing and security technology through Heartland Secure™ and its comprehensive Heartland breach warranty. "
target: Dinerware, Inc.
Dinerware provides restaurant (point of sale) systems to fine dining, cafes, nightclubs, bars, fast casual, counter service, QSR, hotels, casinos, golf courses and wineries.
price ($mm)
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closed 2/13/2015 via BusinessWire

Heartland Payment Systems Inc., acquired pcAmerica

synopsis: Heartland Payment Systems, the nation's fifth largest payments processor and a leading provider of merchant business solutions, is pleased to announce the acquisition of pcAmerica. Founded in 1985, pcAmerica has been providing computerized point of sale software solutions to the retail, restaurant, and hospitality industries for over 20 years.
buyer: Heartland Payment Systems Inc. (HPY:$2,682.40)
Heartland Payment Systems, Inc., the fifth largest payments processor in the United States, delivers credit/debit/prepaid card processing and security technology through Heartland Secure™ and its comprehensive Heartland breach warranty. "
target: pcAmerica
pcAmerica has been providing computerized point of sale software solutions to the retail, restaurant, and hospitality industries for over 20 years. With over 50,000 users worldwide, pcAmerica's point of sale software solutions are used by both chains as well as single location independent operators.
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closed 11/10/2014 via BusinessWire

Heartland Payment Systems Inc., acquired xpient Solutions, LLC

synopsis: Heartland Payment Systems has acquired Xpient Solutions, an enterprise-level restaurant POS software service. Xpient offers the most advanced point of sale and local transaction management solutions in the industry.
buyer: Heartland Payment Systems Inc. (HPY:$2,682.40)
Heartland Payment Systems, Inc. delivers credit/debit/prepaid card processing, mobile commerce, e-commerce, marketing solutions, security technology, payroll solutions, and related business solutions and services to more than 275,000 business and educational locations nationwide. "
target parent: Patriarch Partners, LLC
target: xpient Solutions, LLC
XPIENT offers the most advanced point of sale and local transaction management solutions in the industry – as well as complete, enterprise-wide solutions encompassing human resources, staffing and scheduling, even inventory, food cost control and supply management.
price ($mm)
$30
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/14/2014 via BusinessWire

Heartland Payment Systems Inc., acquired Leaf Holdings, Inc.

synopsis: Heartland Payment Systems, the nation's fifth largest payment processor and a leading provider of merchant business solutions, announced that it acquired Leaf, creator of a mobile Point of Sale (POS) tablet specifically designed for commerce.
buyer: Heartland Payment Systems Inc. (HPY:$2,682.40)
Heartland Payment Systems, Inc. delivers credit/debit/prepaid card processing, mobile commerce, e-commerce, marketing solutions, security technology, payroll solutions, and related business solutions and services to more than 275,000 business and educational locations nationwide. "
target: Leaf Holdings, Inc.
Founded in 2011, Leaf is a mobile POS payment system specifically designed to meet the needs of small merchants. The Android-based Leaf tablets accept all forms of customer payment, including credit cards, gift cards, cash, PayPal, and mobile payments.
price ($mm)
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closed 9/4/2014 via BusinessWire

Heartland Payment Systems Inc., acquired TouchNet Information Systems, Inc.

synopsis: Heartland Payment Systems, one of the nation's largest payment processors and leading provider of merchant business solutions, announced that the Company has completed the acquisition of TouchNet Information Systems, Inc., an integrated commerce solutions provider to higher-education institutions.
buyer: Heartland Payment Systems Inc. (HPY:$2,682.40)
Heartland Payment Systems, Inc. delivers credit/debit/prepaid card processing, mobile commerce, e-commerce, marketing solutions, security technology, payroll solutions, and related business solutions and services to more than 275,000 business and educational locations nationwide. "
target: TouchNet Information Systems, Inc.
Since 1989, TouchNet has been a pioneer in delivering innovative payment solutions for Higher Education. Colleges and universities have relied on TouchNet to unify and secure payment and related business transactions throughout the campus enterprise.
price ($mm)[EV]
$361 [$333]
rev ($mm)
$70
EBITDA ($mm)
$30
EV / rev
5.0x
EV / EBITDA
11.5x
closed 4/10/2014 via BusinessWire

Heartland Payment Systems Inc., acquired MCS Software

synopsis: Heartland Payment Systems, one of the nation’s largest payments processors, has acquired MCS Software, an innovative provider of school foodservice point-of-sale, back office and online payment solutions for more than 4,000 K-12 schools nationwide.
buyer: Heartland Payment Systems Inc. (HPY:$2,682.40)
Heartland Payment Systems, Inc. delivers credit/debit/prepaid card processing, mobile commerce, e-commerce, marketing solutions, security technology, payroll solutions, and related business solutions and services to more than 275,000 business and educational locations nationwide. "
target: MCS Software
MCS Software provides the most innovative, easy-to-use and reliable software solutions, all supported with superior service to significantly increase efficiencies for schools nationwide.
price ($mm)
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closed 12/17/2012 via BusinessWire

Heartland Payment Systems Inc., acquired ECSI

synopsis: Heartland Payment Systems, one of the nation’s largest payments processors, has expanded its Campus Solutions division by acquiring ECSI, a leading provider of cost-effective, customized payments processing solutions for the higher education industry.
buyer: Heartland Payment Systems Inc. (HPY:$2,682.40)
Heartland Payment Systems, Inc. is a payments processor that delivers credit/debit/prepaid card processing, school solutions, loyalty marketing services, campus solutions, payroll and related business solutions and services to more than 250,000 business and education locations nationwide. "
target: ECSI
ECSI supports the entire life cycle of higher education and post-graduation school/student services, including student loan payment processing, default solutions, refund services, tuition payment plans, electronic billing and payment, tax document services, and business outsourcing.
price ($mm)
$38
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/9/2012 via Market Wire

Heartland Payment Systems Inc., acquired NUTRIkids

synopsis: Heartland Payment Systems, one of the nation's largest payments processors, has acquired LunchByte Systems, Inc., a school foodservice back office management and point-of-sale (POS) company led by its NUTRIKIDS® solution of menu management, inventory management and POS solutions for K-12 administrators, staff, parents and students.
buyer: Heartland Payment Systems Inc. (HPY:$2,682.40)
Heartland Payment Systems, Inc., the sixth largest payments processor in the United States, delivers credit/debit/prepaid card processing, loyalty marketing services, payroll and related business solutions to more than 250,000 business locations nationwide. "
target: NUTRIkids
NUTRIkids is the leading provider of food service management products and support for the K-12 market. Its award winning software and customer service have been a part of school food service for over 20 years.
price ($mm)
$26
rev ($mm)
EBITDA ($mm)
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closed 10/11/2011 via BusinessWire

Heartland School Solutions, acquired School-Link Technologies

synopsis: Heartland School Solutions has acquired School-Link Technologies, Inc., a privately held provider of comprehensive K-12 school nutrition and point-of-sale (POS) solutions. Heartland School Solutions provides child nutrition and payment management solutions to public and private schools throughout the United States.
buyer parent: Heartland Payment Systems Inc.
buyer: Heartland School Solutions
Heartland School Solutions provides child nutrition and payment management solutions to public and private schools throughout the United States that support that goal. Its solutions include LunchBox, Comalex, and MySchoolBucks. "
target: School-Link Technologies
School-Link Technologies, Inc. (SL-Tech) is a privately held provider of comprehensive school nutrition and point-of-sale (POS) solutions. SL-Tech focuses exclusively on K-12 school districts, supplying a wealth of products and services for busy administrators and directors.
price ($mm)
$16
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/18/2008 via BusinessWire

Heartland Payment Systems Inc., acquired Chockstone Inc.

synopsis: Heartland Payment Systems, Inc., a leading provider of credit/debit/prepaid card processing, payroll, check management and payments solutions, has closed on its acquisition of Chockstone, Inc., a privately held provider of gift card programs and loyalty solutions. Terms of the agreement were not disclosed.
buyer: Heartland Payment Systems Inc. (HPY:$2,682.40)
Heartland Payment Systems, Inc. delivers credit/debit/prepaid card processing, payroll and payment solutions to more than 150,000 small and mid-sized businesses nationwide. "
target: Chockstone Inc.
Chockstone provides the most innovative personalization, loyalty marketing and stored value solutions available to merchants today. Chockstone's programs are used by leading brands in the restaurant, retail, and convenience store markets to increase consumer loyalty and drive profitability.
price ($mm)
$4.10
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 5/2/2008 via BusinessWire

Heartland Payment Systems Inc., will acquire Alliance Data’s Network Services

synopsis: Heartland Payment Systems, a leading provider of credit/debit/prepaid card processing, payroll, check management and payment services, announced it has signed a definitive agreement to acquire the Network Services business of Alliance Data Systems Corporation.
buyer: Heartland Payment Systems Inc. (HPY:$2,682.40)
Heartland Payment Systems, Inc. delivers credit/debit/prepaid card processing, payroll and payment solutions to more than 150,000 small and mid-sized businesses nationwide. "
target parent: Alliance Data Systems Corporation
target: Alliance Data’s Network Services
Alliance Data's Network Services business is a leading provider of payment processing solutions, serving a variety of industries such as petroleum, convenience store, parking and retail. Services include payment processing, prepaid services, POS terminal and merchant bankcard services.
price ($mm)[EV]
$76 [$76]
rev ($mm)
$126
EBITDA ($mm)
$9
EV / rev
0.6x
EV / EBITDA
8.2x
closed 3/4/2008 via BusinessWire

Heartland Payment Systems Inc., acquired Collective Point of Sale Solutions Ltd.

synopsis: Heartland Payment Systems, a leading provider of credit/debit/prepaid card processing, payroll and payment services, has acquired a majority interest in Collective Point of Sale Solutions Ltd. CollectivePOS is a growing Canadian provider of payment processing services and secure point-of-sale solutions.
buyer: Heartland Payment Systems Inc. (HPY:$2,682.40)
Heartland Payment Systems, Inc. delivers credit/debit/prepaid card processing, payroll and payment solutions to more than 150,000 small and mid-sized businesses nationwide. "
target: Collective Point of Sale Solutions Ltd.
Founded in 2001, Collective Point of Sale Solutions is Canada's leading provider of payment processing services and secure point of sale solutions. We currently service more than 9,000 businesses across Canada and process in excess of $1 billion annually.
price ($mm)
$10
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/22/2007 via BusinessWire

Heartland Payment Systems Inc., acquired General Meters Corporation

synopsis: Heartland Payment Systems a leading provider of credit/debit/prepaid card processing, payroll and payment services, today announced it has acquired General Meters Corporation, a developer and provider of one-card systems for college and university campuses. Financial terms of the transaction were not disclosed.
buyer: Heartland Payment Systems Inc. (HPY:$2,682.40)
Heartland Payment Systems, Inc. delivers credit/debit/prepaid card processing, payroll and payment solutions to more than 150,000 small and mid-sized businesses nationwide. "
target: General Meters Corporation
General Meters is a leading provider of campus card solutions for universities and colleges nationwide. Its University One-Card System™ unites a range of functionalities, including security access, on-campus dining and vending onto one ID card for students, faculty and staff.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 12/15/2015 via BusinessWire

Global Payments, Inc., will acquire Heartland Payment Systems

synopsis: Global Payments Inc., a leading worldwide provider of payment technology services, announced that it has entered into a definitive agreement to acquire Heartland Payment Systems, Inc., one of the nation's largest payment companies. Heartland delivers credit/debit/prepaid card processing and security technology through Heartland Secure.
buyer: Global Payments, Inc. (GPN:$3,454.43)
Global Payments Inc. is a leading worldwide provider of payment technology services that delivers innovative solutions driven by customer needs globally. They provide a range of products and services that allow their customers to accept all payment types across a variety of distribution channels. "
target: Heartland Payment Systems (HPY:$2,682.40)
Heartland Payment Systems, Inc., one of the largest payment processors in the United States, delivers credit/debit/prepaid card processing and security technology through Heartland Secure™ and its comprehensive breach warranty.
price ($mm)[EV]
$3,857 [$4,312]
rev ($mm)
$2,588
EBITDA ($mm)
$202
EV / rev
1.7x
EV / EBITDA
21.8x
announced 5/19/2014 via BusinessWire

MasterCard Incorporated, will acquire ElectraCard Services

synopsis: MasterCard announced that it has entered into an agreement with Opus Software Solutions Pvt. Ltd., to acquire its subsidiary, ElectraCard Services Private Limited, a leading global provider of software solutions and processing services for electronic payment and card systems.
buyer: MasterCard Incorporated (MA:$16,225.00)
MasterCard serves as a franchisor, processor and advisor to the payments industry, and makes commerce happen by providing a critical economic link among financial institutions, governments, businesses, merchants, and cardholders worldwide. "
target parent: Opus Software Solutions
target: ElectraCard Services
ElectraCard Services (ECS), headquartered in Pune, India is a leading provider of software products and processing services for electronic payments. Its customer base includes financial institutions, retailers and telcos in over 25 countries globally.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/28/2017 via GlobeNewswire

Payment Data Systems, Inc., acquired Singular Payments, LLC

synopsis: Payment Data Systems, Inc., an integrated electronic payment solutions provider, is pleased to announce the pending closing of the Singular Payments, LLC, a Fintech payments provider that relies upon innovative technology to process payments for merchants in healthcare and other niche verticals nationwide.
buyer: Payment Data Systems, Inc. (PYDS:$11.66)
Payment Data Systems, a leading integrated payment solutions provider, offers a wide range of payment solutions to merchants, billers, banks, service bureaus, and card issuers. The Company operates credit, debit/prepaid and ACH payment processing platforms. "
target: Singular Payments, LLC
Singular Payments is a Fintech payments provider that relies upon innovative technology to process payments for merchants in healthcare and other niche verticals nationwide. Singular is primarily focused on custom software integrations of their flat rate payment processing offerings.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/10/2020 via BusinessWire

Paystone, acquired Swift Payments

synopsis: Paystone, a leading payments and software company, has acquired Swift Payments, a Certified Canadian Merchant Service Provider that provides Canadian businesses of all shapes and sizes with the opportunity to accept debit and credit card payments at affordable rates with an unsurpassed customer experience and complete transparency.
buyer: Paystone
Paystone is a leading payment and software company redefining the way merchants engage their customers and grow their businesses. The company's seamlessly integrated suite of automated payment processing, customer loyalty, and gift card solutions are used by brands across North America. "
target: Swift Payments
Swift Payments is a Certified Canadian Merchant Service Provider that provides Canadian businesses of all shapes and sizes with the opportunity to accept debit and credit card payments at affordable rates with an unsurpassed customer experience and complete transparency.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 7/31/2020 via BusinessWire

Corsair Capital, will acquire MSTS

synopsis: Corsair Capital LLC, a private equity firm focused on business and financial services, will acquire MSTS, a global B2B payment and credit solutions provider. With the acquisition, MSTS will be better positioned to capitalize on the substantial growth opportunities in the B2B payments market while continuing to expand its technology platform.
buyer: Corsair Capital
Corsair Capital is one of the longest-standing private equity firms focused on business and financial services in Europe and North America. The firm has developed a leading practice aligning with strong management teams and co-shareholders to grow specialist businesses. "
target parent: World Fuel Services Corporation
target: MSTS
MSTS is a financial technology company, working globally with B2B companies across transportation, manufacturing, retail, and eCommerce. MSTS’ Credit as a Service solution accelerates business commerce by streamlining payments and Accounts Receivable processes.
price ($mm)
$300
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 7/9/2020 via BNC Analysis

Heidelpay, will purchase Paysafe Pay Later from Paysafe Group

synopsis: Germany-based heidelpay Group will acquire Paysafe Pay Later, the deferred payments arm of the Paysafe Group. Focusing on the DACH region, Paysafe Pay Later is an omni-channel solutions provider for online and physical retailers wishing to offer white-labeled invoice and installment payment solutions, as well as bank transfers and direct debits.
buyer parent: AnaCap Financial Partners LLP
buyer: Heidelpay
Based in Heidelberg, the heidelpay Group is one of the fastest-growing and most innovative fintech service providers in Germany. heidelpay is a full-service payment service provider that covers the entire spectrum of electronic payment processing. "
seller: Paysafe Group (LSE:PAYS:$871.19)
Paysafe Pay Later is the deferred payments arm of the Paysafe Group. Paysafe Pay Later is an omnichannel provider with solutions for both online and bricks-and-mortar retailers wishing to offer white-labeled invoice and installment payment solutions, as well as bank transfers and direct debits.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/23/2020 via GlobeNewswire

Qgiv, acquired Acceptiva

synopsis: Qgiv, a leading provider of nonprofit fundraising technology, announced its recent acquisition of Acceptiva in partnership with strategic investor Sphere. Acceptiva is a digital fundraising platform that provides nonprofits the ability to accept and process online payments and donations.
buyer parent: SphereCommerce, LLC
buyer: Qgiv
Qgiv, Inc. is a leading digital fundraising platform founded in 2007. From their headquarters in Lakeland, Florida, they currently serve more than 4,500 nonprofit and faith-based organizations in the United States and Canada. "
target: Acceptiva
Since 2004, Acceptiva has provided nonprofits with the ability to accept payments for any need, any time; seamlessly, securely and affordably. Acceptiva serves over 700 nonprofits and faith-based organizations with payment processing, funds management, and reporting.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 4/3/2020 via GlobeNewswire

Ackroo Inc., will acquire BNA Smart Payments

synopsis: Ackroo Inc., a loyalty marketing, gift card and payments technology and services provider, announced that its wholly-owned subsidiary, Ackroo Canada Inc., is to acquire the software and hardware payment solutions and all related customer contracts from BNA Smart Payments Ltd., a payment processing company based in Canada.
buyer: Ackroo Inc. (TSXV:AKR:$3.43)
Ackroo provides merchants of all sizes a robust, cloud based multi-currency marketing platform to help attract, engage and grow their customers while increasing their revenues and margins. They are based in Ottawa, ON, Canada. "
target: BNA Smart Payments
The acquisition includes BNA Smart Payments Ltd.'s software and hardware payment solutions and all related customer contracts representing between $35,000 and $40,000 of monthly recurring revenue spread across automotive, retail, hospitality and petroleum merchants.
price ($mm)
$0.14
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/3/2020 via BusinessWire

Fiserv, Inc., acquired Merchant Pro Express, LLC

synopsis: Fiserv, Inc. has acquired MerchantPro Express, an Independent Sales Organization providing processing services, advanced point-of-sale equipment, and merchant cash advances to businesses. The combination brings together payment solutions from Fiserv, including CoPilot, CardPointe, and Clover, with the onboarding and service of MerchantPro Express.
buyer: Fiserv, Inc. (FISV:$10,187.00)
Fiserv is a global leader in payments and financial technology. The company helps clients achieve best-in-class results through a commitment to innovation in areas including account processing and digital banking solutions, card issuer processing and network services, payments, and more. "
target: Merchant Pro Express, LLC
Merchant Pro Express is an Independent Sales Organization that provides processing services, advanced point-of-sale equipment, and merchant cash advances to businesses. The company leverages technology, analytics, and a consultative approach to help clients and partners to grow their businesses.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/31/2020 via BusinessWire

Linx S.A., acquired PinPag

synopsis: Linx, a leader and specialist in retail software, announced the acquisition of PinPag. The group offers customized and disruptive installment solutions for retail services in different segments, with an outstanding leadership among dispatchers and driving schools.
buyer: Linx S.A. (BOVESPA:LINX3:$157.02)
Linx is a company in Brazil that offers ERP and POS management software to the retail sector. The company offers specific solutions for a variety of businesses, these include gas stations, dealerships, food, fashion, optical shops, drugstores, supermarkets, electronics, home decor, and more. "
target: PinPag
PinPag, specialized in products and services for means of payment, offers customized installment solutions for retail services in different segments, with an outstanding leadership among dispatchers and driving schools. Founded in 2006, it has 90 employees. They are based in Brazil.
price ($mm)
$33
rev ($mm)
$17
EBITDA ($mm)
EV / rev
2.9x
EV / EBITDA
closed 10/30/2019 via BusinessWire

DNA Payments Limited, acquired CR7 Services

synopsis: DNA Payments (DNA), the ambitious new entrant to the UK payments market, has acquired CR7 Services (CR7), the fast growing, UK-based payment solutions provider.
buyer: DNA Payments Limited
DNA Payments Limited is a new entrant to the payments market. DNA’s team consists of highly proficient people who have worked with payment and banking systems for more than 20 years. "
target: CR7 Services
The CR7 Services Group is an innovative payment solution provider operating in the UK. Consisting of Optomany, 123Send and the 123Hire brands, they specialize in omnichannel payment processing technology, delivering innovative, reliable and secure solutions to the retail sector across all channels.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 10/27/2019 via BusinessWire

Payroc will be merged with Payscape,

synopsis: Payroc LLC, a leading merchant acquirer and payment processor, will merge with Payscape, NXGEN International, and BluePay Canada. The transaction creates a full-service global merchant acquiring and payment facilitator powerhouse operating in 46 countries while serving more than 55,000 merchants processing $23 billion in annual bankcard volume.
buyer parent: Parthenon Capital Partners
buyer: Payscape
Payscape is a premier financial technology company providing payment solutions to a network of more than 11,000 small and medium-sized merchants across retail, professional services, organizations, hospitality and other attractive end-markets. "
target: Payroc
Payroc drives commerce for its merchants with anytime, anywhere payment solutions. Payroc serves its referral partners and merchant clients with integrity as trusted advisors and recognized experts in payments, providing transparent pricing clarity while delivering exceptional technology.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/19/2019 via BusinessWire

Celero Commerce, acquired Tandem Innovative Payment Solutions

synopsis: Celero Commerce, a company that offers payment processing services, business management software, and data intelligence, has acquired Tandem Innovative Payment Solutions, a processing company dedicated to serving the payment processing needs of merchants ranging from the small corner store to the large retailer.
buyer: Celero Commerce
Celero Commerce offers payment processing services, business management software, and data intelligence to small and medium-sized businesses, in one holistic platform. Celero empowers business owners and executives to focus on driving growth and profitability. "
target: Tandem Innovative Payment Solutions
Tandem Innovative Payment Solutions is a processing company dedicated to serving the payment processing needs of merchants ranging from the small corner store to the large retailer and everything in between, with the primary focus on the small to mid-sized merchant markets.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/18/2019 via BusinessWire

TSYS merged with Global Payments, Inc.,

synopsis: Global Payments Inc., a leading worldwide provider of payments technology and software solutions, announced that it has completed its merger with TSYS, a global payments provider, offering solutions across the payments spectrum — from issuer processing to prepaid program management.
buyer: Global Payments, Inc. (GPN:$3,454.43)
Global Payments develops software, and partners with providers to deliver highly competitive ecommerce and omnichannel solutions in a global economy. Their products enable customers to offer seamless payment experiences in-person, online, on device, and over the phone across a wide range of markets."
target: TSYS (TSS:$4,075.57)
Total System Services, or TSYS, is a global payments provider, offering solutions across the payments spectrum — from issuer processing to prepaid program management. They offer issuer services and merchant payment acceptance for credit, debit, prepaid, healthcare and business solutions.
price ($mm)[EV]
$22,142 [$26,061]
rev ($mm)
$4,076
EBITDA ($mm)
$1,192
EV / rev
6.4x
EV / EBITDA
22.0x
closed 7/4/2018 via Company Press Release

TouchSuite, acquired Alpine Payment Systems

synopsis: TouchSuite has announced it has acquired the assets of IQ Payment Systems, dba Alpine Payment Systems (Alpine). Alpine is a merchant acquirer based out of Vancouver, Washington that services the restaurant, hospitality and retail verticals. Alpine has built an award-winning integrated payments business with a highly scalable distribution platform.
buyer: TouchSuite
TouchSuite is a leading financial technology company that delivers business solutions for small to mid-sized companies across different industries. Offerings include point-of-sale systems, payment processing services, SEO solutions, working capital and marketing services. "
target: Alpine Payment Systems
IQ Payment Systems, dba Alpine Payment Systems has continually evolved to offer industry leading solutions for small to medium sized businesses. Alpine has built an award-winning integrated payments business with a highly scalable distribution platform.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/21/2018 via PR Newswire

Harbortouch, acquired CurvePay, LLC

synopsis: Shift4 Payments announced that its subsidiary, Harbortouch, has completed the acquisition of CurvePay, an independent sales organization that provides credit card processing services for tens of thousands of taxis across the U.S. CurvePay's platform provides the most advanced payment processing, stored value, and marketing programs available.
buyer parent: Shift4 Payments
buyer: Harbortouch
Harbortouch is a leading business technology company and pioneer of the POS-as-a-Service business model. They offer a revolutionary free equipment program that delivers best-in-class POS systems, including state-of-the-art hardware, premium software, custom programming and 24/7 support. "
target: CurvePay, LLC
CurvePay is an independent sales organization that provides credit card processing services for tens of thousands of taxis across the U.S. CurvePay's revolutionary platform provides the most advanced payment processing, stored value, and marketing programs available.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/27/2017 via BNC Analysis

Pineapple Payments, acquired Payline Data Services LLC

synopsis: Payline Data, a full-service payment solutions provider, announced that it has been acquired by Pineapple Payments, an omni-channel payments technology company. Payline has rapidly ascended in the highly competitive payment processing industry, serving nearly 10,000 merchants and processing $2 Billion in annual volume.
buyer: Pineapple Payments
Pineapple Payments is a payment processing technology company that provides omni-channel payment acceptance tools for merchants of all shapes and sizes. From its innovative technology solutions to its proactive merchant success team, Pineapple truly takes a fresh approach to payment processing. "
target: Payline Data Services LLC
Payline Data Services LLC is an industry-shaping payments company that powers payment experiences for a wide range of merchants. Payline has rapidly ascended in the highly competitive payment processing industry, serving nearly 10,000 merchants and processing $2 Billion in annual volume.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/5/2017 via BusinessWire

CM Telecom, acquired Docdata Payments

synopsis: CM, the Netherlands-based mobile service provider, has acquired Docdata Payments from Ingram Micro, a provider of a full spectrum of global technology and supply chain services. Docdata Payments is an international Payment Service Provider for companies and organisations seeking omnichannel payment solutions.
buyer: CM Telecom (ENXTAM:CMCOM:$105.81)
CM Telecom’s platform helps brands conduct critical business processes including customer interaction, marketing campaigns and transactions. Services include SMS tools, app development, push notifications and a Hybrid Messaging product. "
target parent: Ingram Micro Inc.
target: Docdata Payments
Docdata Payments is an international Payment Service Provider for companies and organisations seeking omnichannel payment solutions. The services ensure the secure, fast and accurate processing of payments, from when a consumer places an order until the the money has been paid to the webshop owner.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/22/2016 via Company Press Release

Wirecard AG, acquired Moip

synopsis: Wirecard AG, one of the world’s leading independent providers of outsourcing and white label solutions for electronic payment transactions, has acquired all shares of the Brazilian company Moip Pagamentos S.A., the ideal payment solution for e-commerce, marketplaces, recurring payments, and face-to-face sales.
buyer: Wirecard AG (XTRA:WDI:$3,048.73)
Wirecard AG is one of the world’s leading independent providers of outsourcing and white label solutions for electronic payment transactions. The Wirecard Group has been supporting companies in accepting electronic payments from all sales channels. "
target: Moip
Moip is the ideal payment solution for e-commerce, marketplaces, recurring payments, and face-to-face sales. Based on concepts as innovation and flexibility, Moip offers its clients over 15 options of means of payment, risk management and dispute resolution tools and simplified accession.
price ($mm)
$26
rev ($mm)
EBITDA ($mm)
$2
EV / rev
EV / EBITDA
18.0x
closed 4/8/2014 via Market Wire

INTRIX Technology, Inc., acquired Witt Merchant Services Inc.

synopsis: Intrix Technology, Inc., a leading provider of payment processing technologies, announced it has acquired the merchant portfolio of Witt Merchant Services of Albuquerque, New Mexico. The company is an independent sales organization recognized as providing high-quality payment processing services for small to mid-sized merchant.
buyer: INTRIX Technology, Inc.
INTRIX provides electronic payment processing software and support services. It offers TranScend, an electronic payment processing solution helps merchants to settle transactions, automate compliance and reconciliation with processing banks, and get reports for the management of cash flow. "
target: Witt Merchant Services Inc.
Witt Merchant Services is an independent sales organization recognized as providing high-quality payment processing services for small to mid-sized merchants in New Mexico and various places around the country.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA

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Docdata Payments

Moip

Witt Merchant Services Inc.

Geography
Matching Companies
Ticker: NNI
 
 
 
 
 
 
 
 
Nelnet, Inc.
Nelnet, Inc.
Nelnet is one of the leading educational finance companies in the U.S. and is focused on providing quality student loan products and services to students and schools nationwide.
year
2017
rev ($mm)
$824.49
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
$256.75
Employees
3700
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Ticker: NAVI
 
 
 
 
 
 
 
 
Navient Corporation
Navient Corporation
Navient is a leading provider of asset management and business processing solutions for education, healthcare, and government clients at the federal, state, and local levels. The company helps its clients and millions of Americans achieve financial success through services and support.
year
2017
rev ($mm)
$1,910.00
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
$576.00
Employees
6773
  • drill down
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Ticker: ACIW
 
 
 
 
 
 
 
 
ACI Worldwide
ACI Worldwide
ACI Worldwide, the Universal Payments company, powers electronic payments and banking for more than 5,000 financial institutions, retailers, billers and processors around the world. ACI software processes $13 trillion each day in payments and securities transactions.
year
2019
rev ($mm)
$1,006.33
EBITDA ($mm)
$162.63
EBIT ($mm)
$119.22
Net Income ($mm)
$62.39
Employees
3807
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Ticker: LSE:PAYS
 
 
 
 
 
 
 
 
Paysafe Group
Paysafe Group
Paysafe is a leading global provider of end-to-end payment solutions. It’s core purpose is to enable businesses and consumers to connect and transact seamlessly through industry-leading capabilities in payment processing, digital wallet and online cash solutions.
year
2016
rev ($mm)
$871.19
EBITDA ($mm)
$201.70
EBIT ($mm)
$151.40
Net Income ($mm)
$69.53
Employees
1828
  • drill down
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Ticker: LSE:NETW
 
 
 
 
 
 
 
 
Network International
Network International
Network International delivers innovative solutions that drive revenue and profitability for its customers and has grown to be the largest acquirer in the UAE and the leading enabler of digital commerce in the Middle East and Africa (MEA) region.
year
2019
rev ($mm)
$334.91
EBITDA ($mm)
$147.00
EBIT ($mm)
$126.74
Net Income ($mm)
$57.60
Employees
1250
  • drill down
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Ticker:
 
 
 
 
 
 
 
 
NIC Inc.
NIC Inc.
NIC Inc. launched the digital government industry in 1992, and continues to lead it, providing a secure and robust payment processing platform and thousands of digital government solutions across a network of more than 6,000 federal, state, and local government agencies.
year
2019
rev ($mm)
$343.36
EBITDA ($mm)
$78.77
EBIT ($mm)
$73.00
Net Income ($mm)
$54.26
Employees
920
  • drill down
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Ticker:
 
 
 
 
 
 
 
 
Nexi S.p.A.
Nexi S.p.A.
Nexi, based in Milan, is currently Italy’s biggest payments processor. Its services and technology are used by consumers, business and governments to make, process and manage digital payments in-store or online.
year
2020
rev ($mm)
$1,808.17
EBITDA ($mm)
$478.29
EBIT ($mm)
$284.27
Net Income ($mm)
$128.92
Employees
1945
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Ticker: CSVI
 
 
 
 
 
 
 
 
Computer Services, Inc.
Computer Services, Inc.
Computer Services, Inc. delivers core banking, payments processing, Internet, card services, risk assessment, fraud prevention, network management, regulatory compliance and document delivery solutions to financial institutions and corporate entities across the nation.
year
2011
rev ($mm)
$163.78
EBITDA ($mm)
$46.44
EBIT ($mm)
$39.88
Net Income ($mm)
$24.02
Employees
917
  • drill down
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Ticker: ASX:CA
 
 
 
 
 
 
 
 
Cabcharge Australia Limited
Cabcharge Australia Limited
Cabcharge is a provider of electronic payment systems and software for taxis in Australia. Their solutions include a personalized payment card, single use e-tickets, and gift cards. They also offer a cloud based travel management platform that give taxi companies better visibility and insight.
year
2017
rev ($mm)
$120.51
EBITDA ($mm)
$26.77
EBIT ($mm)
$17.90
Net Income ($mm)
$8.21
Employees
538
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Ticker: FLT
 
 
 
 
 
 
 
 
FleetCor Technologies, Inc.
FleetCor Technologies, Inc.
FleetCor is a leading global provider of fuel cards and workforce payment products to businesses. FleetCor's payment programs enable businesses to better manage and control employee spending and provide card-accepting merchants with a high volume customer base that can increase their sales.
year
2020
rev ($mm)
$2,566.17
EBITDA ($mm)
$1,342.40
EBIT ($mm)
$1,121.55
Net Income ($mm)
$766.86
Employees
8700
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Ticker: RPAY
 
 
 
 
 
 
 
 
REPAY - Realtime Electronic Payments
REPAY - Realtime Electronic Payments
REPAY provides integrated payment processing solutions to verticals that have specific transaction processing needs. REPAY's proprietary, integrated payment technology platform reduces the complexity of electronic payments for merchants, while enhancing the overall experience for consumers.
year
2020
rev ($mm)
$121.04
EBITDA ($mm)
($15.75)
EBIT ($mm)
($56.72)
Net Income ($mm)
Employees
243
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Ticker: OTCPK:ICRD
 
 
 
 
 
 
 
 
International Card Establishment
International Card Establishment, Inc. provides credit card and electronic transaction processing services to merchants across the United States. They are specialists in Marijuana Merchant Accounts, and an online source for everything related to high risk merchant accounts and payment processing.
year
2016
rev ($mm)
$2.67
EBITDA ($mm)
($0.16)
EBIT ($mm)
($0.20)
Net Income ($mm)
Employees
16
  • drill down
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Ticker: CKNN
 
 
 
 
 
 
 
 
Cash Systems, Inc.
Cash Systems, Inc. is a provider of cash-access and related services to the retail and gaming industries. Cash Systems' products include its proprietary cash advance systems, ATMs and check cashing solutions. Please visit www.cashsystemsinc.com for more information.
year
2007
rev ($mm)
$104.86
EBITDA ($mm)
($0.95)
EBIT ($mm)
($5.84)
Net Income ($mm)
Employees
275
  • drill down
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Ticker: CNSX:VYGR
 
 
 
 
 
 
 
 
Voyager Digital Ltd. Holdings Inc.
Voyager Digital Ltd. Holdings Inc.
Voyager is a crypto asset broker that provides retail and institutional investors with a turnkey solution to trade crypto assets. Voyager offers investors best execution, data, wallet and custody services through its institutional-grade open architecture platform.
year
2019
rev ($mm)
$0.23
EBITDA ($mm)
($10.89)
EBIT ($mm)
($11.01)
Net Income ($mm)
Employees
0
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Ticker: EEFT
 
 
 
 
 
 
 
 
Euronet Worldwide, Inc.
Euronet Worldwide, Inc.
Euronet Worldwide is an industry leader in processing secure electronic financial transactions. The Company offers payment and transaction processing solutions to financial institutions, retailers, service providers and individual consumers.
year
2018
rev ($mm)
$2,491.89
EBITDA ($mm)
$463.88
EBIT ($mm)
$359.64
Net Income ($mm)
$149.93
Employees
6600
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Ticker: WEX
 
 
 
 
 
 
 
 
WEX Inc.
WEX Inc.
WEX Inc. is a leading provider of corporate payment solutions. WEX has expanded the scope of its business into a multi-channel provider of corporate payment solutions representing 9 million vehicles and offering exceptional payment security and control across a wide spectrum of business sectors
year
2019
rev ($mm)
$1,664.84
EBITDA ($mm)
$576.34
EBIT ($mm)
$390.57
Net Income ($mm)
$65.82
Employees
3700
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Ticker: NYSE:EVTC
 
 
 
 
 
 
 
 
Evertec, Inc.
Evertec, Inc.
Evertec is a full-service transaction processing business in Latin America, with merchant acquiring, payment processing and business solutions services. They manage electronic payment networks, and offer a suite of services for core bank processing, cash processing and technology outsourcing.
year
2017
rev ($mm)
$395.31
EBITDA ($mm)
$155.45
EBIT ($mm)
$109.17
Net Income ($mm)
$78.92
Employees
1650
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