Like Duff Research, LLC

closed 3/13/2013 via Reuters

PayPal, Inc., acquired Duff Research, LLC

synopsis: PayPal announced that it acquired mobile app developer Duff Research, part of an effort by the online payment giant to become more nimble and technology focused. Duff Research has built about 40 mobile apps for companies that include TiVo Inc and Adidas AG.
buyer parent: eBay
buyer: PayPal, Inc. (PYPL:$21,454.00)
PayPal is the faster, safer way to pay and get paid online. The service allows members to send money without sharing financial information, with the flexibility to pay using their account balances, bank accounts, credit cards or promotional financing. "
target: Duff Research, LLC
Duff Research is a premier provider of software development and user experience expertise for the mobile application space. The Duff development team is exceptionally experienced, averaging over 15 years of video, consumer, and mobile software development.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 4/13/2021 via GlobeNewswire

OBITX, will acquire Mercury, Inc.

synopsis: OBITX, Inc., an advanced software development and services company specializing in blockchain technologies and decentralized processing, is to acquire Mercury, Inc., an engineering firm that offers services in software and web development, mobile app development, technology consultation, database analytics, and more.
buyer: OBITX (OTCPK:OBTX:$2.07)
Headquartered in Fleming Island, Florida, OBITX, Inc. is an advanced software development and services company specializing in blockchain technologies and decentralized processing. "
target: Mercury, Inc.
Mercury, Inc. is an engineering firm that works with all sizes of customers and project types. They off services in software and web development, mobile app development, technology consultation, database analytics, and more.
price ($mm)
$2.10
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/21/2019 via Company Press Release

WillowTree, LLC, acquired Dynamit

synopsis: WillowTree, LLC and Dynamit Technologies, LLC, both leading Digital Product Agencies focused on designing and delivering mobile, web and voice applications, announced they have agreed to combine forces to create the largest independent agency of its type in the US.
buyer: WillowTree, LLC
WillowTree helps their clients realize the potential of rapidly evolving mobile technologies, from developing a mobile strategy to launching mobile products. They specialize in App Development, Web Development, OTT Development, Digital Product Strategy, Digital Product Design, Growth and more. "
target: Dynamit
Dynamit, founded in 2004, specializes in the design and development of web and mobile applications. Their services include Website Design, Digital Strategy, Website Development, Mobile App Development, Software Consulting and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/18/2019 via PR Web

Point B Solutions, acquired Three North Agency

synopsis: Point B Solutions, a full service fulfillment company, has acquired Three North Agency, a software development company. Three North builds custom applications that drive sales and marketing performance. Three North offers web app development, mobile app development, technology integrations, project management solutions, and more.
buyer: Point B Solutions
Point B Solutions is a full service fulfillment company. Point B Solutions offers warehouse and fulfillment services including custom kitting and assembly for B2B and B2C businesses. The company also offers services for promotional merchandise, commercial printing, and e-commerce storefronts. "
target: Three North Agency
Three North is a software development company. Three North builds custom applications that drive sales and marketing performance. Three North offers web app development, mobile app development, technology integrations, project management solutions, marketing consulting, and creative services.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/3/2019 via BNC Analysis

VR Equitypartner, acquired SIGNON Österreich GmbH

synopsis: VR Equitypartner GmbH, one of the leading private equity financiers in Germany, Austria and Switzerland, has acquired a majority stake in SIGNON Österreich GmbH from TÜV SÜD, a safety and sustainability solutions provider. SIGNON is a Vienna-based IT service provider specializing in mobility, infrastructure, and digitization.
buyer: VR Equitypartner
VR Equitypartner is one of the leading private equity financiers in Germany, Austria and Switzerland. The firm supports medium-sized family companies on a target-driven basis. VR Equitypartner's portfolio comprises around 100 investments with an investment volume of EUR 500 million. "
target parent: TUV SUD
target: SIGNON Österreich GmbH
SIGNON is a Vienna-based IT service provider specializing in mobility, infrastructure, and digitization. SIGNON accompany their clients along the whole IT value chain. Their services include consulting, business software development, safety, artificial intelligence, mobile apps, and operations.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/20/2019 via BNC Analysis

KSM Consulting, acquired Connect Think, LLC

synopsis: KSM Consulting, a technology, data, and management consulting firm, has acquired Connect Think, a software development company that specializes in mobile apps, custom software development and information technology consulting. Connect Think develops best-in-class, integrated solutions for web, mobile, and desktop platforms.
buyer parent: Renovus Capital
buyer: KSM Consulting
Indianapolis-based KSM Consulting, LLC (KSMC) is a technology, data, and management consulting firm. KSMC works in both the public and private sectors across all industries to help clients fulfill their missions, meet their goals, and solve their toughest challenges. "
target: Connect Think, LLC
Connect Think is a software development company that specializes in mobile apps, custom software development and information technology consulting. Connect Think develops best-in-class, integrated solutions for web, mobile, and desktop platforms.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/19/2019 via BNC Analysis

Wings Travel Management, acquired Alchimea (Pty) Ltd

synopsis: Wings Travel Management, an independent global travel management company, has acquired Alchimea, a specialist software developer in South Africa and the UK. Alchimea provides application development solutions that deliver long-term business value. Their services include web-app development, mobile app development, system integrations and more.
buyer: Wings Travel Management
Wings Travel Management is an independent global travel management company. Wing specialises in Oil and Gas, Marine and Corporate travel. Wings creates bespoke travel programmes for leading organisations. Wings manages their client's travel needs in almost every country around the globe. "
target: Alchimea (Pty) Ltd
Alchimea is a specialist software developer in South Africa and the UK. Alchimea provides application development solutions that deliver long-term business value. Their services include web-app development, mobile app development, system integrations, solution consulting, and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/24/2019 via Company Press Release

Keywords Studios, acquired Wizcorp

synopsis: Ireland's Keywords Studios, the international technical services provider to the global video games industry, has acquired Wizcorp, a Tokyo-based game development company focused on providing end-to-end services for games, including conception, development, production, and live operations.
buyer: Keywords Studios (AIM:KWS:$451.13)
Ireland’s Keywords Studios is an international technical services provider to the global video games industry. It provides integrated art creation, software engineering, testing, localization, audio and customer care services to a blue-chip client base. "
target parent: Ankama
target: Wizcorp
Based in Tokyo, Japan, Wizcorp develops games mainly in the mobile space, with particular expertise in HTML5 and other mobile technologies. Wizcorp has provided game development as a service to Japanese publishers and developers including LINE, Square Enix, Avex and Yahoo Japan.
price ($mm)
$1.07
rev ($mm)
$3
EBITDA ($mm)
EV / rev
0.4x
EV / EBITDA
closed 9/5/2018 via BNC Analysis

Marcus Thomas LLC, acquired Devs United

synopsis: Marcus Thomas, a fully integrated marketing communications agency, has acquired Devs United, a customer engagement technology company that provides solutions based on the Salesforce platform. Devs United's customer engagement services include Salesforce Marketing Cloud consulting, Salesforce Sales and Service Cloud integrations, and more.
buyer: Marcus Thomas LLC
Marcus Thomas is a fully integrated marketing communications agency focused on audience insight, idea generation and alternative delivery. Marcus Thomas helps their clients find new ways to solve old problems. Their clients include Akron Children's Hospital, Diebold, Quanex, NESTLE, and more. "
target: Devs United
Devs United is a customer engagement technology company that provides solutions based on the Salesforce platform. Devs United offers a range of customer engagement services, including Salesforce Marketing Cloud consulting and implementation, Salesforce Sales and Service Cloud integrations, and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 8/15/2018 via Yahoo, Inc.

ITbook Co.LTD., will acquire RINET Co., Ltd.

synopsis: ITbook Co., LTD., Japanese provider information technology consulting and system development services, will acquire RINET Co., Ltd., a Japanese information technology company. RINET provides web application development and mobile application development services.
buyer: ITbook Co.LTD. (TSE:3742:$47.02)
ITbook Co., LTD. is Japanese provider information technology (IT) consulting and system development services. ITbook helps businesses utilize IT to become more efficient and successful. ITbook offers their services to the government, independent agencies, private companies, and financial companies. "
target: RINET Co., Ltd.
Founded in 1999, RINET Co., Ltd. is a Japanese information technology company. RINET provides web application development and mobile application development services. RINET has helped many businesses create apps for the PC, iOS, and Android platforms.
price ($mm)
$0.90
rev ($mm)
$3
EBITDA ($mm)
EV / rev
0.3x
EV / EBITDA
closed 7/25/2018 via Company Press Release

Netguru Sp. z o.o., acquired BitCraft Sp. z o.o.

synopsis: Netguru, a provider of web development, mobile development, and product design services in Poland, has acquired BitCraft, a Polish company that creates innovative software. BitCraft specializes in designing and deploying custom software for desktop, mobile, and web interfaces.
buyer: Netguru Sp. z o.o.
Netguru is a provider of web development, mobile development, and product design services in Poland. Netguru builds innovative digital products to improve the world through software. The company has worked with top startups and Fortune 500 companies on over 170 projects. "
target: BitCraft Sp. z o.o.
BitCraft is a Polish company that creates innovative software. They specialize in designing and deploying custom software for desktop, mobile, and web interfaces. BitCraft also offers a conference booking and managing app for tablets and a mobile app that alerts the elderly of unwanted drug intake.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/18/2018 via BNC Analysis

Taiyo Holdings Co., Ltd., acquired Thou-Management Corporation

synopsis: Taiyo Holdings Co., Ltd., a Japanese provider of solder resist products, has acquired Thou-Management Corporation (Thou), a Japanese company that provides system engineering and integration services. Thou specializes in mobile app development and business systems development. The company also offers dispatching services for system engineers.
buyer: Taiyo Holdings Co., Ltd. (TSE:4626:$493.19)
Founded in 1953, Taiyo Holdings Co., Ltd. is a Japanese provider of solder resist products. The company manufactures and sells chemical products for the electronics industry. Their products are used to protect the surface of printed wiring boards and flat panel displays. "
target: Thou-Management Corporation
Founded in 2001, Thou-Management Corporation (Thou) is a Japanese company that provides system engineering and integration services. Thou specializes in mobile app development and business systems development. The company also offers dispatching services for system engineers.
price ($mm)
rev ($mm)
$2
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 5/30/2018 via BNC Analysis

Concept Safety Systems (Holdings) Pty Ltd, acquired Locatrix Communications

synopsis: Concept Safety Systems, one of Australia’s leading emergency management, safety and compliance technology businesses, has acquired Locatrix Communications, an Australian provider of mobile app and web development services. Locatrix creates mobile application experiences that engage subscribers and generate ARPU growth for their clients.
buyer: Concept Safety Systems (Holdings) Pty Ltd
Concept Safety Systems is an Australian-owned & globally focused company that specialises in innovative & smart solutions for fire safety, emergency & site induction. They offer the world’s best online & interactive approach to training, with programs. "
target: Locatrix Communications
Locatrix Communications is an Australian provider of mobile app and web development services. Locatrix develops solutions that provide creative ways to solve their client's problems. They create mobile application experiences that engage subscribers and generate revenue for their clients.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/8/2017 via Company Press Release

RightPoint Consulting LLC, acquired Raizlabs

synopsis: Rightpoint, an independent customer experience agency, has acquired Raizlabs, a leading mobile innovation and emerging technologies firm. Raizlabs have been designing software and applications for over 12 years and have brought their experience in producing high-quality, memorable applications to millions of mobile devices.
buyer: RightPoint Consulting LLC
Rightpoint is an independent customer experience agency with technology at their core. They create seamless digital experiences driven by insight, strategy, technology, and design to evolve the way their clients do business. "
target: Raizlabs
Raizlabs is a full service mobile app development company providing strategy, design and development. They have been designing software and applications for over 12 years and have brought their experience in producing high-quality, memorable applications to millions of mobile devices.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/25/2017 via BNC Analysis

Netrix, LLC, acquired Empressem Technologies India Pvt Ltd

synopsis: Netrix, a full service IT provider that designs, implements, and supports technology solutions, has acquired Empressem Technologies, a leading end to end mobility service provider. Empressem Technologies' services include web application development, iOS & Android application development, and Augmented Reality Applications.
buyer: Netrix, LLC
Netrix is a full service IT provider that designs, implements, and supports technology solutions. The company specializes in network infrastructure, security, software development, systems services, unified communications, mobility, cloud and managed services. "
target: Empressem Technologies India Pvt Ltd
Empressem Technologies is a leading end to end mobility service provider. Their wide and diverse portfolio includes web application development, iOS & Android application development, Vistas Visitors Management, Learning Management System (LMS), and Augmented Reality Applications.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/4/2017 via Company Press Release

KPMG International, acquired Terria Mobile

synopsis: KPMG has acquired Terria Mobile, a software developer specializing in mobile solutions and products that has enjoyed major international success. With its acquisition of Terria Mobile, KPMG is gaining additional conceptual, consulting and implementation expertise in digital process design.
buyer: KPMG International
KPMG is a global network of professional firms providing Audit, Tax and Advisory services. They have 189,000 outstanding professionals working together to deliver value in 152 countries. "
target: Terria Mobile
With decades of software development experience, Terria Mobile has been 100% focused on mobile applications for years. They are mobile-oriented development, implementation and marketing specialists that offer a comprehensive portfolio of products and services all around mobile applications.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/26/2016 via BNC Analysis

MercadoLibre, acquired Monits

synopsis: Mercado Libre, Latin America’s leading e-commerce technology company, has acquired Monits, a young company based in Buenos Aires with clients all a round the world. Montis is dedicated to developing many different applications for mobile devices.
buyer: MercadoLibre (MELI:$2,296.31)
MercadoLibre is Latin America’s leading e-commerce technology company. Through MercadoLibre.com and MercadoPago.com, it provides solutions to individuals and companies buying, selling, advertising, and paying for goods online. "
target: Monits
Monits is a young company based in Buenos Aires with clients all a round the world. Montis is dedicated to developing many different applications for mobile devices.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/14/2016 via BNC Analysis

Webtise Ltd., acquired Apposing Limited

synopsis: Liverpool’s Apposing has been bought out by The Webtise Group. Apposing Ltd. is a dedicated application development studio that develops creative ideas-led native/web applications, forward thinking R&D technology projects and games for their clients.
buyer: Webtise Ltd.
The Webtise Group is a group of digital marketing, development and creative agencies including, Webtise, Metrics Mate, and more, as well as a strategic advisor to various online brands. "
target: Apposing Limited
Apposing Ltd. is a dedicated application development studio who develop creative ideas-led native/web applications, forward thinking R&D technology projects and games for their clients.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/27/2015 via Yahoo, Inc.

Logient, Inc., acquired Mobilogie Inc.

synopsis: Logient, a Montreal-based leader in the development of custom software, has acquired Mobilogie, a firm specializing in the development of mobile solutions for businesses. This acquisition is part of Logient's growth plan and consolidates the turnkey services offering provided by the company since its founding in 1998.
buyer: Logient, Inc.
Founded in Montreal in 1998, Logient is a center of expertise in custom software, focused on value creation and value for money. Logient's expert team designs and manages every stage of the software life cycle in whole or in part, depending of the customer's needs. "
target: Mobilogie Inc.
Mobilogie specializes in the development of mobile solutions for businesses. Its services include strategy (research, opportunity analysis, positioning); design (user experience design, user interface design, product design); and development (prototyping, QA testing).
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 6/29/2015 via Reuters

SinnerSchrader AG, will acquire Swipe GmbH

synopsis: SinnerSchrader AG, a digital agency with a focus on e-commerce, strategy and communication, will acquire Swipe GmbH, a digital agency that creates solutions for the mobile era.
buyer: SinnerSchrader AG (XTRA:SZZ:$56.96)
SinnerSchrader is a digital agency with a focus on e-commerce, strategy and communication. SinnerSchrader offers a range of digital agency services: conception, design, development and operation of digital platforms, mobile apps, service design, campaigns, media, analytics and audience management. "
target: Swipe GmbH
Swipe is a digital studio that is comprised of consultants, concepters, designers, developers and marketers. Together they create solutions for the mobile era and serve brands such as Harrods, Red Bull, BMW, brand eins, Der Spiegel, Occhio and IWC.
price ($mm)
rev ($mm)
$2
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 3/13/2013 via Reuters

PayPal, Inc., acquired Duff Research, LLC

synopsis: PayPal announced that it acquired mobile app developer Duff Research, part of an effort by the online payment giant to become more nimble and technology focused. Duff Research has built about 40 mobile apps for companies that include TiVo Inc and Adidas AG.
buyer parent: eBay
buyer: PayPal, Inc. (PYPL:$21,454.00)
PayPal is the faster, safer way to pay and get paid online. The service allows members to send money without sharing financial information, with the flexibility to pay using their account balances, bank accounts, credit cards or promotional financing. "
target: Duff Research, LLC
Duff Research is a premier provider of software development and user experience expertise for the mobile application space. The Duff development team is exceptionally experienced, averaging over 15 years of video, consumer, and mobile software development.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 3/9/2021 via PR Newswire

PayPal, Inc., will acquire Curv

synopsis: PayPal Holdings, Inc., an online payment company, announced that it has agreed to acquire Curv, a leading provider of cloud-based infrastructure for digital asset security based in Tel Aviv, Israel.
buyer: PayPal, Inc. (PYPL:$21,454.00)
PayPal’s digital payments platform gives active account holders the confidence to connect and transact in powerful ways, whether online, on mobile, in app, or in person. PayPal creates ways to manage and move money, and offers choice and flexibility when sending payments, paying or getting paid. "
target: Curv
Curv is a leading provider of cloud-based infrastructure for digital asset security based in Tel Aviv, Israel.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 11/20/2019 via BNC Analysis

PayPal, Inc., will acquire Honey Science Corporation

synopsis: Paypal, a digital payments platform gives active account holders the confidence to connect and transact in powerful ways, will be acquiring Honey, a company that offers users a smarter way to shop. Their shopping platform opens up instant access to exclusive savings, deals, rewards and discovery.
buyer: PayPal, Inc. (PYPL:$21,454.00)
PayPal’s digital payments platform gives active account holders the confidence to connect and transact in powerful ways, whether online, on mobile, in app, or in person. PayPal creates ways to manage and move money, and offers choice and flexibility when sending payments, paying or getting paid. "
target: Honey Science Corporation
Honey offers users a smarter way to shop. Their shopping platform opens up instant access to exclusive savings, deals, rewards and discovery, all powered by the collective knowledge of Honey's community of online shoppers.
price ($mm)
$4,000
rev ($mm)
$100
EBITDA ($mm)
EV / rev
40.0x
EV / EBITDA
closed 9/30/2019 via BNC Analysis

PayPal, Inc., acquired GoPay

synopsis: PayPal has acquired 70% equity of GoPay (Guofubao Information Technology Co. [GoPay], Ltd.), which will make PayPal the first foreign payment platform to provide online payment services in China. GoPay is a technology and financial comprehensive service platform based on third-party payment.
buyer: PayPal, Inc. (PYPL:$21,454.00)
PayPal’s digital payments platform gives active account holders the confidence to connect and transact in powerful ways, whether online, on mobile, in app, or in person. PayPal creates ways to manage and move money, and offers choice and flexibility when sending payments, paying or getting paid. "
target: GoPay
Founded in January 2011, GoPay (Guofubao Information Technology Co., Ltd.) is a technology and financial comprehensive service platform based on third-party payment. Guofubao now has online payment products, mobile payment products and financial services for B2B/B2C.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 6/21/2018 via BusinessWire

PayPal, Inc., will acquire Simility

synopsis: PayPal Holdings, Inc. announced that it has agreed to acquire Simility, a leading fraud prevention and risk management platform. The acquisition of Simility will enhance PayPal’s ability to deliver fraud prevention and risk management solutions to merchants globally.
buyer: PayPal, Inc. (PYPL:$21,454.00)
PayPal’s digital payments platform gives active account holders the confidence to connect and transact in powerful ways, whether online, on mobile, in app, or in person. PayPal creates ways to manage and move money, and offers choice and flexibility when sending payments, paying or getting paid. "
target: Simility
Simility offers real-time risk and fraud decisioning solutions to protect global digital businesses. Simility’s offerings are underpinned by the Adaptive Decisioning Platform built with a data-first approach to deliver continuous risk assurance to some of the world’s leading consumer brands.
price ($mm)
$120*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/15/2018 via BusinessWire

PayPal, Inc., acquired Hyperwallet

synopsis: PayPal Holdings, Inc. announced that it has completed the acquisition of Hyperwallet, a leading global payout platform. The acquisition of Hyperwallet enhances PayPal’s payout capabilities, improving the company’s ability to provide an integrated suite of payment solutions to ecommerce platforms and marketplaces around the world.
buyer: PayPal, Inc. (PYPL:$21,454.00)
PayPal’s digital payments platform gives active account holders the confidence to connect and transact in powerful ways, whether online, on mobile, in app, or in person. PayPal creates ways to manage and move money, and offers choice and flexibility when sending payments, paying or getting paid. "
target: Hyperwallet
Hyperwallet’s payout platform provides organizations with a fast, efficient, and transparent way to distribute funds to payees around the world. Trusted by enterprise, ecommerce, and on-demand platforms, Hyperwallet makes it easy to deliver a superior payment experience through a single integration.
price ($mm)
$400
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 5/30/2018 via BNC Analysis

PayPal, Inc., will acquire Jetlore, Inc.

synopsis: Payments provider PayPal will acquire Jetlore. Jetlore uses machine learning to deliver personalized experiences from retail chains like Uniqlo and Nordstrom Rack. It analyzes billions of customer data points, including apparel attributes like sizes, color, fit, and style preferences which inform its customer targeting products.
buyer: PayPal, Inc. (PYPL:$21,454.00)
PayPal provides online payment solutions to its users. It enables its users to transact money through their account balances, bank accounts, credit cards, or promotional financing without sharing financial information. "
target: Jetlore, Inc.
Jetlore uses machine learning to deliver personalized experiences from retail chains like Uniqlo and Nordstrom Rack. It analyzes billions of customer data points and product data, including apparel attributes like sizes, color, fit, and style preferences which inform its customer targeting products.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/20/2018 via BusinessWire

PayPal, Inc., acquired iZettle

synopsis: PayPal Holdings, Inc., an American company operating a worldwide online payments system, announced that it has agreed to acquire iZettle, the leading small business commerce platform in Europe and Latin America.
buyer: PayPal, Inc. (PYPL:$21,454.00)
PayPal is committed to democratizing financial services and empowering people and businesses to join and thrive in the global economy. Their open digital payments platform gives PayPal’s nearly 200 million active account holders the confidence to connect and transact in new and powerful ways. "
target: iZettle
iZettle, a financial technology company, revolutionized mobile payments with the world’s first mini chip card reader and software for mobile devices. Today iZettle’s commerce platform for small businesses in Europe and Latin America provides tools to get paid, sell smarter and grow businesses.
price ($mm)
$2,200
rev ($mm)
$111
EBITDA ($mm)
EV / rev
19.8x
EV / EBITDA
closed 7/18/2017 via BusinessWire

PayPal, Inc., acquired TIO Networks

synopsis: PayPal Holdings, an American company operating a worldwide online payments system, has completed the acquisition of TIO Networks, a cloud-based multi-channel bill payment processing and receivables management provider.
buyer: PayPal, Inc. (PYPL:$21,454.00)
PayPal is committed to democratizing financial services and empowering people and businesses to join and thrive in the global economy. Their open digital payments platform gives PayPal’s nearly 200 million active account holders the confidence to connect and transact in new and powerful ways. "
target: TIO Networks (TSXV:TNC:$63.83)
TIO is a cloud-based multi-channel bill payment processing and receivables management provider, serving the largest telecom, wireless, cable, and utility bill issuers in North America. TIO integrates with the back office of billing systems to accept, validate, and collect payments.
price ($mm)
$233
rev ($mm)
$57
EBITDA ($mm)
$8
EV / rev
4.1x
EV / EBITDA
28.7x
closed 8/19/2015 via BNC Analysis

PayPal, Inc., acquired Modest

synopsis: PayPal announced the purchase of the mobile commerce platform Modest. Modest was founded in 2012 to help merchants create better experiences for their customers. With this platform, businesses could easily create their own app or integrate their stores within existing apps.
buyer: PayPal, Inc. (PYPL:$21,454.00)
PayPal is a truly global payments platform that is available to people in 203 markets, allowing customers to get paid in more than 100 currencies, withdraw funds to their bank accounts in 57 currencies and hold balances in their PayPal accounts in 26 currencies. "
target: Modest
Modest created a platform that help businesses create their own app or integrate their stores within existing apps. Additionally, the company provided tools to help merchants add buy buttons into other channel marketing efforts while also selling products on third-party sites.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/12/2015 via BusinessWire

PayPal, Inc., acquired Xoom Corporation

synopsis: PayPal, Inc. announced is has acquired Xoom, a digital money transfer provider. Xoom is a leader in international remittances enabling customers in the United States to send money to, and pay bills for, family and friends around the world in a secure, fast and cost-effective way, using their mobile phones, tablets or computers.
buyer parent: eBay
buyer: PayPal, Inc. (PYPL:$21,454.00)
PayPal is a truly global payments platform that is available to people in 203 markets, allowing customers to get paid in more than 100 currencies, withdraw funds to their bank accounts in 57 currencies and hold balances in their PayPal accounts in 26 currencies. "
target: Xoom Corporation (XOOM:$177.06)
Xoom is a leading digital money transfer provider that enables consumers to send money, pay bills and send mobile reloads to family and friends around the world in a secure, fast and cost-effective way, using their mobile phone, tablet or computer.
price ($mm)[EV]
$975 [$788]
rev ($mm)
$147
EBITDA ($mm)
$7
EV / rev
5.9x
EV / EBITDA
123.1x
announced 3/8/2015 via Reuters

PayPal, Inc., will acquire CyActive Security

synopsis: Online payments company PayPal, a unit of eBay, will buy Israeli cyber security company CyActive, Israeli media reported. CyActive is a predictive cyber security company, which places its clients ahead of potential cyber threats by predicting and preventing future attacks.
buyer parent: eBay
buyer: PayPal, Inc. (PYPL:$21,454.00)
PayPal is the faster, safer way to pay and get paid online, via a mobile device and in store. The service gives people simpler ways to send money without sharing financial information, and with the flexibility to pay using their account balances, bank accounts, credit cards or promotional financing."
target: CyActive Security
CyActive is a predictive cyber security company, which places its clients ahead of potential cyber threats by predicting and preventing future attacks.
price ($mm)
$60
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 3/2/2015 via BNC Analysis

PayPal, Inc., will acquire Paydiant

synopsis: PayPal plans to acquire Paydiant, a payments startup that licenses a technology platform used by big retail chains to create their own branded mobile wallet apps. Founded in 2010, Paydiant’s white-label platform is used by Subway and other retailers and banks to add payment, loyalty and digital-coupon capabilities to their own apps.
buyer parent: eBay
buyer: PayPal, Inc. (PYPL:$21,454.00)
PayPal is the faster, safer way to pay and get paid online, via a mobile device and in store. The service gives people simpler ways to send money without sharing financial information, and with the flexibility to pay using their account balances, bank accounts, credit cards or promotional financing."
target: Paydiant
Paydiant is the leading provider of a cloud-based, white-label mobile wallet, cardless ATM access, offer redemption and loyalty platform for retailers, banks and payment processors.
price ($mm)
$280
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/18/2013 via BNC Analysis

PayPal, Inc., acquired StackMob

synopsis: PayPal, the provider of online payment services, announced that it has acquired StackMob, a backend-as-a-service company that helps developers easily implement features in mobile apps. The StackMob platform provides a datastore API, development and production environments, API versions, collaboration, server-side custom code and much more.
buyer parent: eBay
buyer: PayPal, Inc. (PYPL:$21,454.00)
PayPal is the faster, safer way to pay and get paid online. The service allows members to send money without sharing financial information, with the flexibility to pay using their account balances, bank accounts, credit cards or promotional financing. "
target: StackMob
StackMob makes it easy to build scalable apps for any connected device. The StackMob platform provides a datastore API, development and production environments, API versions, collaboration, server-side custom code and much more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/12/2013 via PE Hub

PayPal, Inc., acquired Iron Pearl

synopsis: PayPal has acquired Iron Pearl, a Palo Alto, Calif.-based startup focused on tools for customer acquisition and engagement. Iron Pearl is built on a new understanding of the social and cultural factors that drive the viral spread of products, combined with new approaches to data analysis and predictive modeling.
buyer parent: eBay
buyer: PayPal, Inc. (PYPL:$21,454.00)
PayPal is the faster, safer way to pay and get paid online. The service allows members to send money without sharing financial information, with the flexibility to pay using their account balances, bank accounts, credit cards or promotional financing. "
target: Iron Pearl
Iron Pearl makes analytics software for retaining users and tracking cohorts, combined with viral tracking software. Along with other seamlessly integrated IronPearl modules, the SaaS product is a new breed of Growth software.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/13/2013 via Reuters

PayPal, Inc., acquired Duff Research, LLC

synopsis: PayPal announced that it acquired mobile app developer Duff Research, part of an effort by the online payment giant to become more nimble and technology focused. Duff Research has built about 40 mobile apps for companies that include TiVo Inc and Adidas AG.
buyer parent: eBay
buyer: PayPal, Inc. (PYPL:$21,454.00)
PayPal is the faster, safer way to pay and get paid online. The service allows members to send money without sharing financial information, with the flexibility to pay using their account balances, bank accounts, credit cards or promotional financing. "
target: Duff Research, LLC
Duff Research is a premier provider of software development and user experience expertise for the mobile application space. The Duff development team is exceptionally experienced, averaging over 15 years of video, consumer, and mobile software development.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/11/2011 via BusinessWire

PayPal, Inc., acquired Zong

synopsis: eBay Inc.'s Paypal has completed its previously announced acquisition of Zong, a leading provider of payments through mobile carrier billing. Zong leverages connections with more than 250 mobile network operators around the world, offering localized, secure and easy-to-use payments capabilities for digital goods and services.
buyer parent: eBay
buyer: PayPal, Inc. (PYPL:$21,454.00)
PayPal is the faster, safer way to pay and get paid online. The service allows members to send money without sharing financial information, with the flexibility to pay using their account balances, bank accounts, credit cards or promotional financing. "
target: Zong
Zong is a leading mobile payments platform for sellers of digital goods and services. Zong leverages direct connections with mobile network operators around the world to provide a secure payment solution with best-in-class connectivity and service quality.
price ($mm)
$240
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/8/2008 via

PayPal, Inc., acquired Fraud Sciences Ltd.

synopsis: eBay Inc. announced that PayPal has agreed to acquire Fraud Sciences Ltd., a privately-held Israeli company with expertise in online risk tools, in a cash transaction with an aggregate transaction value of approx. $169 million. Fraud Sciences’ risk tools and analytics are expected to enhance eBay and PayPal’s proprietary fraud management systems.
buyer parent: eBay
buyer: PayPal, Inc. (PYPL:$21,454.00)
PayPal, an eBay company, enables any individual or business with an email address to send and receive payments online securely, easily and quickly. PayPal has nearly 79 million accounts and is available to users in 56 markets around the world. "
target: Fraud Sciences Ltd.
Fraud Sciences is a leading innovator in online risk tools. Following years of intensive research, Fraud Sciences has developed a technology that differentiates between real and fraudulent transactions with unprecedented accuracy.
price ($mm)[EV]
$144 [$149]
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/18/2005 via PR Newswire

PayPal, Inc., purchased Payment Gateway Business from Verisign, Inc.

synopsis: VeriSign, Inc., the leading provider of intelligent infrastructure services for the Internet and telecommunications networks, completed its previously announced sale of VeriSign's payment gateway business to PayPal, an eBay company, on November 18, 2005.
buyer parent: eBay
buyer: PayPal, Inc. (PYPL:$21,454.00)
PayPal, an eBay company, enables any individual or business with an email address to send and receive payments online securely, easily and quickly. PayPal has nearly 79 million accounts and is available to users in 56 markets around the world. "
seller: Verisign, Inc. (VRSN:$1,245.85)
VeriSign, Inc. is the trusted provider of Internet infrastructure services for the networked world. Billions of times each day, VeriSign helps companies and consumers all over the world engage in communications and commerce with confidence.
price ($mm)
$370
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/3/2002 via BusinessWire

Ebay Inc., acquired PayPal, Inc.

synopsis: eBay Inc., the world's online marketplace, completed its previously announced acquisition of PayPal, Inc., the global payments platform.
buyer: Ebay Inc. (EBAY:$10,761.00)
eBay pioneers communities built on commerce, sustained by trust and inspired by opportunity. eBay enables e-commerce on a local, national and international basis with an array of websites that bring together millions of buyers and sellers every day. "
target: PayPal, Inc. (PYPL:$21,454.00)
PayPal enables any individual or business with an email address to send and receive payments online securely, easily and quickly. PayPal has nearly 79 million accounts and is available to users in 56 markets around the world.
price ($mm)[EV]
$1,432 [$1,338]
rev ($mm)
$174
EBITDA ($mm)
EV / rev
8.2x
EV / EBITDA
announced 8/4/2021 via BusinessWire

Paysafe Group, will acquire PagoEfectivo

synopsis: Paysafe, a leading specialized payments platform, has signed a definitive agreement to acquire PagoEfectivo, a market-leading, Peruvian alternative payments (APM) platform. They are a leader in the provision of eCash and open banking solutions in Latin America.
buyer: Paysafe Group (LSE:PAYS:$1,444.25)
UK-based Paysafe is a leading specialised payments platform. Its core purpose is to enable businesses and consumers to connect and transact seamlessly through industry-leading capabilities in payment processing, digital wallet, card issuing, and online cash solutions. "
target parent: Grupo El Comercio
target: PagoEfectivo
PagoEfectivo is based in Lima, Peru, and was founded in 2009. The payments platform is a market leader in the provision of eCash and open banking solutions in Latin America.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 10/16/2020 via Company Press Release

Stripe Inc., will acquire Paystack

synopsis: Stripe has entered into an agreement to acquire Paystack, a technology company based in Lagos that makes it easy for organizations of all sizes to collect payments from around the world.
buyer: Stripe Inc.
Stripe, Inc. provides services that enable users to accept payments online. It handles storing cards, subscriptions, and direct payouts to the bank account. The company serves large companies, start-ups, and side projects in the United States. "
target: Paystack
Paystack is a Nigerian online payments processing startup. Co-founded in 2015 by Nigerian software developers and longtime friends, Shola Akinlade and Ezra Olubi, Paystack is headquartered in Lagos, Nigeria.
price ($mm)
$200
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/28/2020 via BNC Analysis

Afterpay Holdings Limited, acquired EmpatKali

synopsis: Afterpay, a company that allows shoppers to receive products immediately and pay in four simple installments over a short period of time, has acquired EmpatKali, which operates a similar service in Indonesia.
buyer: Afterpay Holdings Limited (:$332.11)
Founded in 2015, Afterpay allows shoppers to receive products immediately and pay in four simple installments over a short period of time. The service is free for customers. "
target: EmpatKali
Started in 2018, EmpatKali is a payment solution that allows consumers to shop and pay in four equal installments with no interest. They can do shopping at its merchant partners, both online and offline.
price ($mm)
$2.00
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 8/26/2020 via BNC Analysis

Afterpay Holdings Limited, will acquire Pagantis

synopsis: Afterpay, a global leader in "Buy Now, Pay Later" payments, will acquire Pagantis, a Spain-based fintech company that provides automated, friction-free consumer finance for e-commerce in Europe. Pagantis enables shoppers to shop at various online stores and pay in flexible installments.
buyer: Afterpay Holdings Limited (:$332.11)
Afterpay is a global leader in "Buy Now, Pay Later" payments. Afterpay allows customers to receive products immediately and pay for their purchases over four installments. The service is completely free for customers who pay on time, helping people spend responsibly without incurring interest. "
target: Pagantis
Pagantis is a Spain-based fintech company that provides friction-free consumer finance for e-commerce in Europe. Pagantis enables shoppers to shop at various online stores and pay in flexible installments. The company offers payment services for eCommerce businesses in Spain, France and Italy.
price ($mm)
$59
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 3/11/2020 via Company Press Release

Nets Holding A/S, will acquire Polskie ePłatnosci

synopsis: Nets, a leading player in the European payments industry, will acquire Polskie ePłatności (PeP), from Innova Capital, a private equity firm in Central Europe. PeP is a payment technology company in Poland. PeP specialises in processing non-cash payments. They offer solutions for mobile phone top-ups, gift cards, e-commerce, and more.
buyer: Nets Holding A/S
Nets is one of the top payment processors in Europe. Nets focuses on making it even easier and more intuitive for their customers to handle digital payments and related services. The company handles billions of transactions annually and is a trusted partner to more than 700,000 merchant outlets. "
target parent: Innova Capital
target: Polskie ePłatnosci
Polskie ePłatności (PeP) is a leading payment technology company in Poland. PeP specialises in processing non-cash payments and providing innovative services for business. They offer solutions for mobile phone top-ups, gift cards, loyalty programs, e-commerce, and more.
price ($mm)
$458
rev ($mm)
$62
EBITDA ($mm)
EV / rev
7.4x
EV / EBITDA
announced 4/3/2017 via Company Press Release

Grab, will acquire Kudo

synopsis: Grab, the leading ride-hailing and mobile payments platform in Southeast Asia, announced that it has entered into an agreement to acquire Kudo, the leading O2O (online to offline) ecommerce platform in Indonesia. Kudo’s O2O platform enables Indonesia’s unbanked consumers to shop online by connecting them with online merchants and service providers.
buyer: Grab
Grab is Southeast Asia’s leading ride-hailing platform. Grab solves critical transportation challenges to make transport freedom a reality for 620 million people in Southeast Asia. Grab’s core product platform includes commuting solutions for drivers and passengers. "
target: Kudo
Kudo is Indonesia’s leading Online to Offline (O2O) platform. Kudo enables digital entrepreneurs to become the gateway for unbanked & less tech-savvy customers to the digital ecosystem. Services offered include cell-phone top-up, bill payments, online shopping, fin-tech & digital payment services.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/16/2016 via BNC Analysis

CashFlows, acquired iCheque Network Limited

synopsis: CashFlows, the fast-growing and innovative provider of merchant payment solutions, focused on maximizing payment success, announced the completion of its acquisition of iCheque Network Ltd, a high-growth online payments company. iCheque provides an online virtual payment solution via its Payr brand.
buyer: CashFlows
CashFlows is the fast-growing and innovative provider of merchant payment solutions, focused on maximizing payment success. At CashFlows they have designed a range of innovative business payment services, designed to help clients manage their cash flow. "
target: iCheque Network Limited
iCheque provides an online virtual payment solution via its Payr brand, aimed at increasing card acceptance rates for merchants’ customers and providing greater security, fraud prevention, and privacy for consumers in their online transactions.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/24/2016 via BNC Analysis

NTT Data, Inc., acquired Payoo

synopsis: NTT DATA Corporation, through the Singapore-based unit NTT DATA Asia Pacific, has agreed to take over Vietnamese fintech firm VietUnion Online Services Corporation. VietUnion, a subsidiary of Saigon Investment Group, has been expanding this business primarily through Payoo, which enables users to make different sorts of bill payments.
buyer parent: Nippon Telegraph and Telephone Corporation
buyer: NTT Data, Inc. (TSE:9613:$21,303.17)
NTT DATA is a leading IT services provider and global innovation partner. NTT DATA emphasizes long-term commitment and combines global reach and local intimacy to provide professional services, including consulting, application services, business process and IT outsourcing and cloud-based solutions."
target parent: Saigon Investment Group
target: Payoo
Payoo enables users to make different sorts of bill payments. It has reached a transaction volume of $1 billion per year, Payoo is an operating subsidiary of VietUnion, which also provides various software solutions such as a mobile POS system, smart-card solutions for transportation and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/28/2015 via Company Press Release

Wirecard AG, purchased Payments Business from GI Retail

synopsis: Wirecard AG announced its acquisition of the payments business of Great Indian (GI) Retail Group, one of India’s and South East Asia’s leading electronic payment and retail-assisted e-commerce groups. The acquisition includes the brands “iCASHCARD”, “Smartshop”, “StarGlobal”, “Commerce Payment” as well as several segment brands.
buyer: Wirecard AG (XTRA:WDI:$3,048.73)
Wirecard AG is one of the world’s leading independent providers of outsourcing and white label solutions for electronic payment transactions. The Wirecard Group has been supporting companies in accepting electronic payments from all sales channels. "
seller: GI Retail
GI Retail is a payment service provider based out of India and was established in 2007. The acquisition includes the brands “iCASHCARD”, “Smartshop”, “StarGlobal”, “Commerce Payment” as well as several segment brands.
price ($mm)
$253
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/23/2015 via BNC Analysis

Crédit Mutuel Arkéa, acquired Leetchi

synopsis: French startup Leetchi has been acquired by French bank Crédit Mutuel Arkéa, a leading player in banking and insurance. Leetchi.com allows customers to easily collect and organize money for group payments for birthdays, farewell presents, weekends away with friends, charity associations and more.
buyer: Crédit Mutuel Arkéa
The Crédit Mutuel Arkéa Group is a leading player in banking and insurance. With a strong presence in France – including in 19 of the country's 22 regions – and Belgium, Crédit Mutuel Arkéa serves customers in 26 countries. "
target: Leetchi
Leetchi.com is a clever and secure service for all group payments. Leetchi.com allows customers to easily collect and organize money for group payments for birthdays, farewell presents, weekends away with friends, charity associations and more.
price ($mm)
$56*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 3/23/2015 via PR Newswire

Optimal Payments Plc, will acquire Skrill Group

synopsis: Optimal Payments Plc, a global provider of online and mobile payment processing services, has entered into an agreement to acquire Skrill Group from CVC Funds and other shareholders.The Skrill Group is one of Europe's leading digital payments businesses providing digital wallet solutions and online payment processing capabilities.
buyer: Optimal Payments Plc (LSE:PAYS:$1,444.25)
Optimal Payments is a global provider of online payment solutions, trusted by businesses and consumers in over 200 countries and territories to move and manage billions of dollars each year. "
target parent: CVC Capital Partners
target: Skrill Group
Skrill is a privately held global provider of digital payment and electronic money solutions. They are one of Europe's leading digital payments providers providing digital wallet solutions and online payment processing capabilities and is one of the largest pre-paid online voucher providers.
price ($mm)[EV]
$1,431 [$1,694]
rev ($mm)
EBITDA ($mm)
$82
EV / rev
EV / EBITDA
20.7x
closed 12/26/2014 via Reuters

Dalian Wanda Group Co., Ltd., acquired 99Bill Corporation

synopsis: China's Dalian Wanda Group Co, announced that it has bought a controlling stake in 99Bill Corp, a Chinese third-party payment processor. The company offers bank and prepaid card processing, account refilling, mass payment, data security, and online marketing services.
buyer: Dalian Wanda Group Co., Ltd.
Dalian Wanda Group was founded in 1988 and operates in five major industries including Commercial Properties, Luxury Hotels, Tourism Investment, Cultural Industry, and Department Store Chain. The company has assets of 31 billion dollars and an annual income of 17 billion dollars. "
target: 99Bill Corporation
99Bill Corporation provides e-mail and mobile phone number based payment solutions. The company offers bank and prepaid card processing, account refilling, mass payment, data security, and online marketing services.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/26/2014 via Company Press Release

Qiwi plc, acquired Dengi.Mail.Ru

synopsis: QIWI plc acquires Dengi.Mail.Ru project from Mail.Ru Group. Dengi.Mail.Ru is a payment system allowing users to make instant payments for goods and services via web interface or apps.
buyer: Qiwi plc (QIWI:$325.45)
QIWI provides everyone with convenient and accessible instruments for making all kinds of regular and requisite payments. QIWI Kiosks and Visa QIWI Wallet help to pay for services of over 54 000 providers. "
target parent: DST Global (Investment Company)
target: Dengi.Mail.Ru
Dengi.Mail.Ru develops internet based payment portal which allows payment for goods and services such as mobile communication, telephony, Internet, utility payments, financial services, projects, and gambling services.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 8/19/2013 via PR Newswire

CVC Capital Partners, will acquire Skrill Group

synopsis: Investcorp, a leading provider and manager of alternative investment products, announced that it has agreed to the sale of Skrill Group to funds advised by CVC Capital Partners. Skrill is one of Europe's largest online payment systems and among the world's largest independent digital wallet providers with over 36 million account holders.
buyer: CVC Capital Partners
CVC Capital Partners is one of the world's leading private equity and investment advisory firms. CVC funds seek to identify attractive investments and then develop sustainable, long-term value in close partnership with management teams. "
target parent: Investcorp
target: Skrill Group
Skrill is one of Europe's largest online payment systems and among the world's largest independent digital wallet providers with over 36 million account holders.
price ($mm)
$601*
rev ($mm)
$267
EBITDA ($mm)
$67
EV / rev
3.0x
EV / EBITDA
12.0x
announced 12/5/2011 via Company Description

FlexiGroup Limited, will acquire Paymate Pty Ltd.

synopsis: FlexiGroup, provider of vendor and retail point-of-sale finance and telecommunication services in Australasia and Ireland, entered into an agreement with ACT Merchant Services to acquire the business of Paymate Pty Limited, a provider of internet-based payment services via credit card.
buyer: FlexiGroup Limited (AU:FXL:$246.22)
FlexiGroup is a leading provider of vendor and retail point-of-sale finance and telecommunication services. The company offers lease, rental, interest free and mobile broadband plans and operates in Australia, New Zealand and Ireland. "
target parent: Paymate
target: Paymate Pty Ltd.
Paymate Pty Ltd. provides internet-based payment services via credit card. It also provides information, risk, and financial management services. The company is based in Sydney, Australia.
price ($mm)
$1.41
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/3/2002 via BusinessWire

Ebay Inc., acquired PayPal, Inc.

synopsis: eBay Inc., the world's online marketplace, completed its previously announced acquisition of PayPal, Inc., the global payments platform.
buyer: Ebay Inc. (EBAY:$10,761.00)
eBay pioneers communities built on commerce, sustained by trust and inspired by opportunity. eBay enables e-commerce on a local, national and international basis with an array of websites that bring together millions of buyers and sellers every day. "
target: PayPal, Inc. (PYPL:$21,454.00)
PayPal enables any individual or business with an email address to send and receive payments online securely, easily and quickly. PayPal has nearly 79 million accounts and is available to users in 56 markets around the world.
price ($mm)[EV]
$1,432 [$1,338]
rev ($mm)
$174
EBITDA ($mm)
EV / rev
8.2x
EV / EBITDA
closed 4/28/2021 via BNC Analysis

Ajua, acquired WayaWaya Inc.

synopsis: Kenyan consumer experience platform for businesses in Africa, Ajua announced that it has acquired WayaWaya, a Kenya-based AI and Machine Learning messaging and payments company. The company offers a range of services, from digital banking and payment services to financial services APIs and payment bots.
buyer: Ajua
Ajua, formerly mSurvey, was founded in 2012 by Kenfield Griffith. The company is solving a consumer data problem for African businesses to understand their business better and drive growth. Ajua’s technology integrates with businesses to measure and optimize their Customer Experience. "
target: WayaWaya Inc.
WayaWaya is a Kenya-based AI and Machine Learning messaging and payments company. The company offers a range of services, from digital banking and payment services to financial services APIs and payment bots. WayaWaya enables borderless banking and payments across apps and social media platforms.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/10/2019 via BusinessWire

ACI Worldwide, acquired Walletron

synopsis: ACI Worldwide, a leading global provider of real-time electronic payment and banking solutions, has acquired Walletron, which delivers patented mobile wallet technology for iOS through Apple Wallet and for Android through Google Pay.
buyer: ACI Worldwide (ACIW:$1,006.33)
ACI Worldwide powers electronic payments for more than 5,100 organizations around the world. More than 1,000 of the largest financial institutions and intermediaries, as well as thousands of global merchants, rely on ACI to execute $14 trillion each day in payments and securities. "
target parent: The Western Union Company
target: Walletron
Walletron, which is used by more than 6 million consumers in more than 100 countries, delivers patented mobile wallet technology for iOS through Apple Wallet and for Android through Google Pay. Its network of billing and payment partners manages more than 12 billion bills.
price ($mm)
$3.40
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/23/2019 via BNC Analysis

GO-JEK, acquired coins.ph

synopsis: Go-Jek, an on-demand mobile platform in Indonesia, has acquired a majority stake in Coins.ph, a blockchain-enabled mobile wallet in Southeast Asia. Coins.ph is an all-in-one wallet that allows users to pay bills, shop, send money, reload phones, and buy cryptocurrency using their phones.
buyer: GO-JEK
Based in Indonesia, GO-JEK is a mobile technology company with a social mission: to unleash social impact through technology. GO-JEK is a one stop application for daily needs, revolutionizing solutions from transport, logistics and lifestyle services. "
target: coins.ph
Coins.ph is a blockchain-enabled mobile wallet in Southeast Asia. Coins.ph is an all-in-one wallet that allows users to pay bills, shop, send money, reload phones, and buy cryptocurrency using their phones. Coins.ph serves over 300 million people and processes thousands of transactions per day.
price ($mm)
$72
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/28/2018 via BNC Analysis

Majid Al Futtaim, acquired Beam Wallet Pty Ltd

synopsis: Majid Al Futtaim, a UAE-based shopping mall, communities, retail and leisure developer, has acquired Beam, a leading mobile wallet app in the UAE that makes payments and rewards easy. Beam enables retailers to accept mobile payments and engage with their customers directly through their smartphones.
buyer: Majid Al Futtaim
Majid Al Futtaim is the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia. Majid Al Futtaim owns and operates 21 shopping malls, 12 hotels, three mixed-use communities, 284 VOX Cinema screens and 30 Magic Planet family entertainment centres. "
target: Beam Wallet Pty Ltd
Beam is a leading mobile wallet app in the UAE that makes payments and rewards easy. Beam enables retailers to accept mobile payments and engage with their customers directly through their smartphones. Beam offers consumers a rewarding, convenient and secure way to shop.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA

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year
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CLIQ Digital
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MEDL Mobile Holdings Inc.
MEDL Mobile Holdings Inc.
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year
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EBITDA ($mm)
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year
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EBITDA ($mm)
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($1.74)
Net Income ($mm)
Employees
22
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Ticker:
 
 
 
 
 
 
 
 
SecureWorks Inc
SecureWorks Inc
Secureworks is a global cybersecurity leader, enabling its customers and partners to outpace adversaries with more precision. With the combination of a cloud-native SaaS security platform and intelligence-driven security solutions, Secureworks provides the most grounded security platform available.
year
2020
rev ($mm)
$562.98
EBITDA ($mm)
$6.27
EBIT ($mm)
($36.38)
Net Income ($mm)
Employees
2685
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Ticker: TSE:3962
 
 
 
 
 
 
 
 
Change Co., Ltd
Change Co., Ltd
Based in Japan, Change Co., Ltd. provides IT and network security and solutions. They help businesses with IT consulting regarding applications and mobile products, security and communication through their business infrastructure software, and training services for IT technology.
year
2018
rev ($mm)
$20.08
EBITDA ($mm)
$3.59
EBIT ($mm)
$3.42
Net Income ($mm)
$2.39
Employees
67
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Ticker: APCX
 
 
 
 
 
 
 
 
AppTech Corp
AppTech Corp
AppTech Corp is an information technology company providing cloud services and merchant processing solutions with a focus in mobile payments. Their mission is to provide industry-leading cloud services and payment processing technologies to businesses.
year
2018
rev ($mm)
$0.01
EBITDA ($mm)
EBIT ($mm)
($0.07)
Net Income ($mm)
Employees
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Ticker: MSMY
 
 
 
 
 
 
 
 
Room 21 Media, Inc.
Room21 is a media group specializing in proprietary phone app development for producing and monetizing content for film, television and the web. They develop and launch social commerce platforms for healthcare, entertainment, and industrial business.
year
2017
rev ($mm)
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
Employees
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Ticker: BSE:507685
 
 
 
 
 
 
 
 
Wipro, Ltd.
Wipro, Ltd.
Wipro Ltd. is a leading information technology, consulting and business process services company that delivers solutions to enable its clients do business better. Wipro delivers winning business outcomes through its deep industry experience and a 360 degree view of "Business through Technology.”
year
2020
rev ($mm)
$8,354.10
EBITDA ($mm)
$1,760.39
EBIT ($mm)
$1,521.74
Net Income ($mm)
$1,380.62
Employees
190308
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Ticker: SZSE:30000
 
 
 
 
 
 
 
 
Beijing Ultrapower Software Co., Ltd.
Beijing Ultrapower Software provides information technology (IT) operation, maintenance and management solutions. The company develops and distributes software products, technology services, and system integration tools.
year
2014
rev ($mm)
$355.17
EBITDA ($mm)
$72.39
EBIT ($mm)
$68.63
Net Income ($mm)
$84.27
Employees
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Ticker: SEHK:8086
 
 
 
 
 
 
 
 
ePRO Systems Limited
ePRO Systems Limited
EPRO Systems Limited (EPRO), a listed company in Hong Kong, has a subsidiary group of companies offering a full range of services and solutions in the IT&C filed. Established in 1985 in Hong Kong, EPRO has built a strong presence in China since 1990.
year
2012
rev ($mm)
$182.67
EBITDA ($mm)
$21.02
EBIT ($mm)
$20.64
Net Income ($mm)
$16.96
Employees
0
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Ticker: NYHR
 
 
 
 
 
 
 
 
Nyherji Hf.
Nyherji Hf.
Nyherji hf. is an established Nordic IT services provider with offices in Iceland and Sweden. For over two decades the company has been a world-class technology supplier, application developer, systems integrator, facilities manager and expert business process consultancy.
year
2014
rev ($mm)
$109.06
EBITDA ($mm)
$3.88
EBIT ($mm)
$1.70
Net Income ($mm)
Employees
439
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Ticker: SEHK:1808
 
 
 
 
 
 
 
 
Enterprise Development Holdings Limited
Enterprise Development Holdings Limited
Enterprise Development Holdings Limited is principally engaged in providing integrated business software solutions; and manufacture and sale of bare copper wires and magnet wires in the People’s Republic of China and Hong Kong.
year
2014
rev ($mm)
$45.22
EBITDA ($mm)
$7.72
EBIT ($mm)
$7.20
Net Income ($mm)
$5.49
Employees
134
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Ticker: KASE
 
 
 
 
 
 
 
 
NetSol Technologies Limited
NetSol Technologies Limited
NetSol Technologies is a leading international provider of automated and IT enabled solutions catering to businesses across various verticals around the globe. Since its inception in 1995, NetSol has regimented itself being committed to deliver the best software solutions.
year
2009
rev ($mm)
$23.50
EBITDA ($mm)
$12.40
EBIT ($mm)
$11.70
Net Income ($mm)
$11.10
Employees
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Ticker: PYPL
 
 
 
 
 
 
 
 
PayPal, Inc.
PayPal, Inc.
PayPal is a truly global payments platform that is available to people in 203 markets, allowing customers to get paid in more than 100 currencies, withdraw funds to their bank accounts in 57 currencies and hold balances in their PayPal accounts in 26 currencies.
year
2020
rev ($mm)
$21,454.00
EBITDA ($mm)
$4,295.00
EBIT ($mm)
$3,428.00
Net Income ($mm)
$4,202.00
Employees
26500
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Ticker: AIM:FFX
 
 
 
 
 
 
 
 
FAIRFX Group Plc
FAIRFX Group Plc
FAIRFX is an international payment services provider, offering services to customers in the UK since 2007.
year
2016
rev ($mm)
$824.35
EBITDA ($mm)
($2.72)
EBIT ($mm)
($2.78)
Net Income ($mm)
Employees
65
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Ticker:
 
 
 
 
 
 
 
 
Afterpay Holdings Limited
Founded in 2015, Afterpay allows shoppers to receive products immediately and pay in four simple installments over a short period of time. The service is free for customers.
year
2020
rev ($mm)
$332.11
EBITDA ($mm)
$7.03
EBIT ($mm)
$2.85
Net Income ($mm)
Employees
665
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Ticker: DLGEF
 
 
 
 
 
 
 
 
Digital Garage Inc.
Digital Garage produces innovative contexts for the age of the internet by combining three crucial technologies, namely Information Technology, Marketing Technology and Financial Technology. Their core competence is in the integration of the unique areas of specialization in these technologies.
year
2012
rev ($mm)
$171.39
EBITDA ($mm)
$23.20
EBIT ($mm)
$18.65
Net Income ($mm)
$24.22
Employees
376
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Ticker: NYSE:SE
 
 
 
 
 
 
 
 
Sea Ltd
Sea Ltd
Sea Limited is a leading global consumer internet company founded in Singapore in 2009. They operate three core businesses across digital entertainment, e-commerce, and digital financial services, known as Garena, Shopee, and SeaMoney, respectively.
year
2019
rev ($mm)
$1,681.38
EBITDA ($mm)
($867.32)
EBIT ($mm)
($980.98)
Net Income ($mm)
Employees
22600
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Ticker: AIM:BOKU
 
 
 
 
 
 
 
 
Boku, Inc.
Boku, Inc.
Boku, the leading direct carrier billing mobile payments company, brings bank-grade payments technology and mobile users together, creating a trusted, accessible platform for consumers, merchants and operators alike.
year
2019
rev ($mm)
$50.15
EBITDA ($mm)
$1.09
EBIT ($mm)
($0.33)
Net Income ($mm)
$0.36
Employees
214
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Ticker: JSE:BLU
 
 
 
 
 
 
 
 
Blue Label Telecoms
Blue Label Telecoms
The Blue Label Telecoms Group (Blue Label Telecoms) is a leading distributor of prepaid secure electronic tokens of value and transactional services within emerging and developing economies.
year
2014
rev ($mm)
$1,667.24
EBITDA ($mm)
$70.26
EBIT ($mm)
$60.00
Net Income ($mm)
$38.69
Employees
1186
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Ticker: SSPC
 
 
 
 
 
 
 
 
SpendSmart Networks, Inc.
SpendSmart Networks, Inc.
SpendSmart Networks provides proprietary loyalty systems and a suite of digital engagement and marketing services that help local merchants build relationships with consumers and drive revenues.
year
2014
rev ($mm)
$2.66
EBITDA ($mm)
($11.25)
EBIT ($mm)
($11.39)
Net Income ($mm)
Employees
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Ticker: TSXV:FTEC
 
 
 
 
 
 
 
 
Fintech Select
Fintech Select
Fintech Select is a provider of robust and disruptive Pre-Paid Card programs, mobile banking solutions and Cryptocurrency technologies. Fintech Select also owns and operates three core business divisions and an integrated call centre. They are based in Toronto, ON, Canada.
year
2018
rev ($mm)
$2.43
EBITDA ($mm)
($0.82)
EBIT ($mm)
($0.86)
Net Income ($mm)
$0.91
Employees
45
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