Like TouchNet Information Systems, Inc.

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 4/30/2019 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:$152.00)
Through transformative payments, Transact partners with institutions to help them make their student and family experience mobile-centric. Transact's open enterprise-class cloud platform enables mission-critical capabilities that translate into superior student and family experiences.
price ($mm)
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closed 10/13/2011 via PR Newswire

Travelex Global Business Payments, Inc., acquired Pay 24-7 Limited

synopsis: Travelex Global Business Payments, the international payments specialist, has announced the acquisition of Pay 24-7, online payments technology used by leading universities and higher education institutions in the UK, North America, Europe and Asia.
buyer parent: Travelex Holdings Limited
buyer: Travelex Global Business Payments, Inc.
Travelex Global Business Payments is a global foreign exchange specialist providing the payment and receipt of domestic and international funds for businesses of all sizes. Every year, it processes payments around the world over 35,000 businesses to 1 million beneficiaries. "
target: Pay 24-7 Limited
Pay 24-7 is an online payments technology used by leading universities and higher education institutions in the UK, North America, Europe and Asia. Pay 24-7 is recognised as one of the leading players in this specialised e-payment sector.
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announced 4/15/2008 via PR Newswire

Higher One, Inc., will purchase EduCard, LLC from Evisions Inc.

synopsis: Higher One announced that it has agreed to acquire the assets of EduCard, LLC, an affiliate of software developer Evisions. EduCard, LLC utilizes the Evisions Intellecheck technology to provide colleges and universities with paperless payment solutions through Intellecard -- a stored value card.
buyer: Higher One, Inc. (ONE:$152.00)
Higher One provides higher education institutions and their students with efficient, convenient and easy-to-use solutions to handle financial disbursements. These include: student refunds, on-campus and community purchases, payroll and employee expenses, as well as the collection of payments. "
seller: Evisions Inc.
Evisions serves the Higher Education community. They currently have 900 Higher Education Institutions worldwide utilizing their products and services. Their enterprise suite includes payment processing technology, document enhancement and output tools, as well as a robust reporting solution.
price ($mm)
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closed 3/3/2006 via PR Newswire

Nelnet, Inc., acquired infiNET Integrated Solutions, Inc.

synopsis: Nelnet, Inc. announced it has completed its acquisitions of the remaining fifty percent ownership of infiNET Integrated Solutions, Inc. infiNET is a leading provider of campus-wide commerce services for higher education organizations, incorporating customer-centric electronic transactions, information sharing, and account and bill presentment.
buyer: Nelnet, Inc. (NNI:$824.49)
Nelnet is one of the leading educational finance companies in the U.S. and is focused on providing quality student loan products and services to students and schools nationwide. "
target: infiNET Integrated Solutions, Inc.
infiNET is a leading provider of campus-wide commerce services for higher education organizations, incorporating customer-centric electronic transactions, information sharing, and account and bill presentment.
price ($mm)
$14*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/2/2018 via PR Web

Billhighway, acquired GreekBill

synopsis: Billhighway has acquired greekbill to create a partnership that expands and enhances the financial services and technology offered to the Greek community. Since their founding, Billhighway and greekbill have both built powerful technology platforms to support fraternal organizations.
buyer parent: Kohlberg Kravis Roberts & Co.
buyer: Billhighway
Billhighway is a leader in simplifying chapter finances for fraternity and sorority organizations. They help chapters take control of their finances to increase visibility across the entire organization, increase revenue and collections, all while saving the organization time and resources. "
target: GreekBill
GreekBill is a leading internet application company catering to the Greek market to assist them with their financial and communications needs. They provide fraternities and sororities nationwide with billing, collections, online payment processing, budgeting, alumni donation web pages and more.
price ($mm)
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announced 7/15/2013 via Company Press Release

Civica Group PLC, will acquire Corero Resource

synopsis: Corero Network Security plc has announced that it has entered into a conditional agreement to sell its subsidiary, Corero Business Systems to Civica UK Limited. Corero Business Systems Ltd. develops modular accounting, management information system, and business management software solutions for academies, schools and other businesses.
buyer parent: OMERS Private Equity
buyer: Civica Group PLC
Civica is an international market leader in specialist systems and business process services for organizations. They apply software, cloud-based services and outsourcing to facilitate a wide range of business processes. "
target parent: Corero Network Security plc
target: Corero Resource
Corero Resource is one of the UK’s leading suppliers of financial management software to academies, schools and businesses.
price ($mm)
$20
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/23/2013 via Company Press Release

Account Control Technology, acquired Diamond D, Inc.

synopsis: Account Control Technology, Inc. is pleased to announce it has expanded its capabilities through the acquisition of Diamond D, Inc., a data management software company serving education clients.
buyer: Account Control Technology
Account Control Technology is a national leader in providing debt management solutions for education, government and consumer entities. The company serves clients nationwide from four existing office locations: Bakersfield, California; Canoga Park, California; Mason, Ohio; and San Angelo, Texas. "
target: Diamond D, Inc.
Diamond D sells software to schools to help them with accounting, programming, training, marketing and computer/network technical support.
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closed 12/19/2019 via BusinessWire

Faria Education Group, acquired SchoolsBuddy

synopsis: Faria Education Group Limited, an international education systems and services provider, through its wholly-owned UK subsidiary, has acquired a majority interest in SchoolsBuddy, an activities management and payments solution serving more than 240 of the world’s leading international schools.
buyer: Faria Education Group
Faria Education Group was founded in 2006 to transition schools from paper onto a curriculum-focused learning platform. Today, Faria powers curriculum for more than 10,000 schools and districts and three million students. "
target: SchoolsBuddy
SchoolsBuddy is the complete extra-curricular management system available on both web and mobile. Designed for staff, students and parents, SchoolsBuddy features online signup, allocation, management, payments, and attendance for after school activities.
price ($mm)
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closed 9/18/2019 via BNC Analysis

Noodle, acquired Clark

synopsis: Noodle, an education website helping parents and students make better decisions about learning, has acquired Clark, a business software solution for tutors. Clark's business management software allows users to schedule new sessions, automatically remind students of upcoming sessions, and handle all client payments.
buyer: Noodle
Noodle is an education website helping parents and students make better decisions about learning. Through its unbiased data, Noodle connects students with schools, programs, resources, experts and more. Noodle offers unbiased information on more than 700,000 education providers and resources. "
target: Clark
Clark is a business software solution for tutors. Clark provides educators with the tools they need to build successful tutoring businesses. Their business management software allows users to schedule new sessions, automatically remind students of upcoming sessions, and handle all client payments.
price ($mm)
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closed 9/4/2019 via BNC Analysis

Edlio, acquired Online School Management Systems

synopsis: Online School Management Systems (OSMS) has been acquired by Edlio, an LA-headquartered specialist in school websites and parent communication. Online School Management Systems (OSMS) specializes in cloud based solutions for receipting school funds from parents and students online or in person.
buyer parent: L Squared Capital Partners
buyer: Edlio
For 18+ years, Edlio has connected K-12 educators with their communities, offering a comprehensive and easy-to-use communication package. Edlio’s content management system powers over 10,000 websites for schools and districts across North America. "
target: Online School Management Systems
Online School Management Systems (OSMS) specializes in cloud based solutions for receipting school funds from parents and students online or in person. Online School Payments (OSP) is a fully integrated online school activity and cafeteria funds payment solution.
price ($mm)
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closed 6/3/2019 via GlobeNewswire

i3 Verticals, LLC, acquired Pace Payment Systems, Inc.

synopsis: i3 Verticals, Inc. announced the acquisition of Pace Payment Systems, Inc. Pace markets, distributes and sells payment processing products and services, primarily through integrated partnerships in the Public Sector and Education verticals. Through its products, Pace enables its customers to access complete transaction flows in real time.
buyer: i3 Verticals, LLC (IIIV:$150.13)
i3 Verticals delivers seamlessly integrated payment and software solutions to small- and medium-sized businesses and other organizations in strategic vertical markets, such as education, non-profit, public, property management, and healthcare and to the business-to-business payments market. "
target: Pace Payment Systems, Inc.
Pace markets, distributes and sells payment processing products (including software products) and services, primarily through integrated partnerships in the Public Sector and Education verticals. Through its products, Pace enables its customers to access complete transaction flows in real time.
price ($mm)
$53
rev ($mm)
$29
EBITDA ($mm)
EV / rev
2.5x
EV / EBITDA
announced 5/15/2019 via PR Newswire

Procare Software, will acquire Kinderlime

synopsis: Procare Software, a global leader in child care management solutions, announced it has signed a definitive agreement to acquire Kinderlime Inc., a leading online SaaS provider of child care management solutions.
buyer parent: TA Associates
buyer: Procare Software
Procare Software is the largest and leading provider of child care management software, integrated payment processing, technology and services. The company supports thousands of preschools, daycare centers, camps and related facilities with a broad product suite that serves the child care market. "
target: Kinderlime
Kinderlime Inc. is a leading online SaaS provider of child care management solutions. By simplifying licensing paperwork, attendance, parent billing, staffing and parent connections, Kinderlime has operationalized over 5,000 schools nationwide.
price ($mm)
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closed 10/17/2018 via Company Press Release

Connexeo Inc. merged with Vanco Payment Solutions, Inc.,

synopsis: Connexeo, a company that is transforming Administration Software and Payment Systems for education and community organizations, has merged with Vanco, a company that provides electronic payment and donation processing solutions, as well as software that enables educational organizations to operate more efficiently.
buyer: Vanco Payment Solutions, Inc.
Vanco serves those who make communities better places to live. Vanco provides electronic payment and donation processing solutions, as well as software that enables educational organizations to operate more efficiently. "
target: Connexeo Inc.
Connexeo is transforming Administration Software and Payment Systems for education and community organizations, delivering streamlined access and support through web-based solutions designed to address their industry’s unique needs.
price ($mm)
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closed 1/30/2018 via Company Press Release

ParentPay Limited, acquired WIS Services B.V.

synopsis: ParentPay, Europe’s leading provider of school payment and parental engagement services, has acquired WIS, the market leading software provider for school payment collection and parent communication in the Netherlands. WIS offers WIS Communicator, a cloud messaging solution giving parents access to news, grades, homework, schedules and invoices.
buyer: ParentPay Limited
ParentPay Ltd is the UK’s leading online payment and parental engagement provider for schools and families. Its ParentPay platform delivers online payments, income management and dinner money administration for schools, local authorities and caterers. "
target: WIS Services B.V.
WIS is the market leading software provider for school payment collection and parent communication in the Netherlands. One of their products, WIS Communicator, is a powerful cloud messaging solution giving parents access to news, grades, homework, schedules, e-mails and invoices.
price ($mm)
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closed 10/5/2015 via GlobeNewswire

Blackbaud, Inc., acquired SmartTuition

synopsis: Blackbaud, Inc., the leading provider of software and services for the worldwide philanthropic community, announced the acquisition of Smart Tuition. Smart Tuition is a leading provider of payment software and services for private schools and parents.
buyer: Blackbaud, Inc. (BLKB:$807.42)
Blackbaud combines innovative software and services, and expertise to help organizations achieve their missions. The company offers a full spectrum of cloud and on-premise solutions, as well as a resource network that empowers and connects organizations of all sizes. "
target: SmartTuition
Smart Tuition is a leader in providing a robust student billing and payments processing platform through its SaaS school accounts receivables offering. Smart Tuition supports the educational mission of faith based schools, as well as independent private schools across the United States.
price ($mm)
$190
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/4/2014 via BusinessWire

Charge Payment, LLC, acquired Data Business Systems

synopsis: Charge Payment, LLC has acquired Data Business Systems (DBS). DBS specializes in the education software and payments sector. By leveraging technology to provide school districts with integrated, district-wide solutions, DBS today serves more than 5,500 schools with approximately 3 million students.
buyer: Charge Payment, LLC (IIIV:$150.13)
Charge Payment, LLC is a technology centric payment company focused on providing solutions to its clients throughout the U.S. These solutions help their clients improve their operating efficiencies, enhance revenues, and streamline their payment processing functions. "
target: Data Business Systems
Data Business Systems (DSB) specializes in the education software and payments sector. By leveraging technology to provide school districts with integrated, district-wide solutions, DBS serves more than 5,500 schools with approximately 3 million students.
price ($mm)
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closed 9/7/2016 via Company Press Release

Genstar Capital LLC, acquired TADS

synopsis: Genstar Capital has acquired TADS and will be merging it with Diamond Mind to create Education Brands. TADS is the private school industry’s only provider of single-sign on, integrated web-based tuition management, enrollment, financial aid and admissions with fully supported services.
buyer: Genstar Capital LLC
Genstar Capital is a San Francisco-based private equity firm that invests in leading middle-market companies. For over 20 years, they have utilized their deep industry knowledge and extensive executive networks to create value at their companies. "
target: TADS
TADS is the private school industry’s only provider of single-sign on, integrated web-based tuition management, enrollment, financial aid and admissions with fully supported services. TADS provides cutting-edge technology to over 1,500 private and faith-based K-12 schools nationwide.
price ($mm)
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closed 12/16/2019 via BusinessWire

Rev19, acquired PAYK12

synopsis: Rev19, LLC, a Southlake, TX-based fintech company, announced the acquisition of PAYK12, LLC, a next-generation, school payments solution. Headquartered in Indianapolis, PAYK12 is a cloud-based software platform that provides districts, schools, and the departments within, one digital hub for managing school payments and funds.
buyer: Rev19
Rev19 is an established, rapidly growing merchant services and financial technology company based in Southlake, TX. Put simply, Rev19’s goal is to provide the very best experience, customer service, and payment solutions for their merchants. "
target: PAYK12
Headquartered in Indianapolis, PAYK12 is a cloud-based software platform that provides districts, schools, and the departments within, one digital hub for managing school payments and funds.
price ($mm)
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closed 10/16/2019 via Company Press Release

Frontline Education, acquired Accelify, LLC

synopsis: Frontline Education, a leading provider of school administration software for K-12, has acquired Accelify, a company that provides cutting-edge special education management systems designed to facilitate special education program operations and compliance and support accurate and timely Medicaid reimbursement for school districts.
buyer parent: Thoma Bravo, LLC
buyer: Frontline Education
Frontline Education is the leading provider of school administration software, empowering strategic K-12 leaders with the right tools, data and insights to proactively manage human capital, business operations and special education. "
target: Accelify, LLC
Accelify is a leading provider of special education management systems that are designed to help school districts strengthen special education operations and compliance and maximize Medicaid reimbursement.
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 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.
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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
announced 10/30/2020 via PR Newswire

Alliance Data Systems, Inc., will acquire Bread

synopsis: Alliance Data Systems Corporation, a leading provider of data-driven marketing, loyalty and payment solutions, announced it has signed a definitive agreement to acquire Bread, a technology-driven digital payments company offering an omnichannel solution for retailers and platform capabilities to bank partners.
buyer: Alliance Data Systems, Inc. (ADS:$4,872.50)
Alliance Data® Systems (ADS) and its combined businesses is a leading global provider of data-driven marketing and loyalty solutions serving large, consumer-based industries. ADS creates and deploys customized solutions, enhancing the critical customer marketing experience. "
target: Bread
Bread is a technology-driven payments company that partners with retailers to personalize payment options for their customers. Bread integrates directly with retailers on their ecommerce site and gives them a single platform that lets them offer more ways to pay over time.
price ($mm)
$450
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/30/2020 via BusinessWire

AnaCap Financial Partners LLP, acquired Market Pay Europe

synopsis: Carrefour announced the disposal of a 60% stake in its Market Pay payments platform to AnaCap Financial Partners, a specialist investor in European financial services. Market Pay is a European payment service provider created to meet the challenges of omnichannel trade.
buyer: AnaCap Financial Partners LLP
Based in the UK, AnaCap is Europe’s largest specialist private equity investment advisor in the financial services sector. AnaCap’s funds invest in businesses with high growth potential, strong management teams and/or restructuring needs. "
target parent: Carrefour
target: Market Pay Europe
Market Pay is a European payment service provider created to meet the challenges of omnichannel trade. Thanks to its deep understanding of the payment value chain, Market Pay supports retailers in the deployment of end to end innovative and simplified payment solutions.
price ($mm)
$213*
rev ($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:$161.38)
Linx is a company in Brazil that offers ERP and POS management software to the retail sector. The company offers specific solutions for a variety of businesses, these include gas stations, dealerships, food, fashion, optical shops, drugstores, supermarkets, electronics, home decor, and more. "
target: PinPag
PinPag, specialized in products and services for means of payment, offers customized installment solutions for retail services in different segments, with an outstanding leadership among dispatchers and driving schools. Founded in 2006, it has 90 employees. They are based in Brazil.
price ($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

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Geography
Matching Companies
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
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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
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Ticker:
 
 
 
 
 
 
 
 
Nuvei
Nuvei
Montreal-based Nuvei is the global payment technology partner of thriving brands. Its proprietary platform offers direct connections to all major payment card schemes worldwide, supports 450 local and alternative payment methods, and nearly 150 currencies.
year
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rev ($mm)
$338.49
EBITDA ($mm)
$123.05
EBIT ($mm)
$69.49
Net Income ($mm)
Employees
800
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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
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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
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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)
$135.86
EBITDA ($mm)
($15.78)
EBIT ($mm)
($68.48)
Net Income ($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
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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
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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
2020
rev ($mm)
$0.51
EBITDA ($mm)
($9.76)
EBIT ($mm)
($9.97)
Net Income ($mm)
$2.01
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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