Tuesday , December 11, 2018

Mergers & Acquisitions

July, 2018

  • 26 July

    In a Bid To Spur Order-Ahead Restaurant Sales, Grubhub Pays $390 Million for LevelUp

    Restaurant-services specialist LevelUp is being sold to Grubhub Inc. for $390 million. Announced Wednesday, the deal weds Boston-based LevelUp, with its expertise in digital ordering, payment, and loyalty, with Grubhub’s online and mobile food-ordering services. Chicago-based Grubhub also owns the Seamless, Eat24, AllMenus, and MenuPages brands. The deal is an …

  • 26 July

    PayPal Looks to Cash in on P2P And Stresses It’s Shopping for More Acquisitions

    Person-to-person payments are hot these days, and PayPal Holdings Inc. has one of the hottest products in the market with its Venmo service. But as PayPal revealed Wednesday, Venmo can create some friction for its parent even as it vitally expands its payments business. PayPal reported $14.2 billion in payment …

  • 25 July

    An Integrated Payments Strategy Is Paying Off for TSYS

    An integrated payments strategy appears to be paying off for processor Total System Services Inc. (TSYS). The Columbus, Ga.-based company says it signed 45 new integrated payments partners in the second quarter. “Coupled with a strong pipeline of software providers across a diverse set of verticals, we believe this high-growth …

  • 24 July

    Carr’s Beyond Makes Acquisition and other Digital Transactions News briefs from 7/24/18

    Beyond, the payments company started by Robert O. Carr in 2017, purchased Boosterville for an undisclosed amount. The company provides a service that connects nonprofit organizations with local merchants. Boosterville has been rebranded Chip-In. Visa Inc. and wire-transfer provider MoneyGram International Inc. said they teamed up to enable cross-border remittances using …

  • 19 July

    Fattmerchant Secures $10.5 Million in Funding and other Digital Transactions News briefs

    Sundance Payment Solutions launched this month, said president Eric Barth. The company works with independent sales agents to sell a suite of payment-processing services. Payments provider Fattmerchant announced it has closed on a $10.5 million Series C funding round led by Fulcrum Equity Partners. The funding will help launch new …

  • 10 July

    The SEC Hits Carr and Companion With Insider-Trading Lawsuit

    The Securities and Exchange Commission filed a civil lawsuit Tuesday accusing former Heartland Payment Systems Inc. chief executive Robert O. Carr and his girlfriend, Katherine M. Hanratty, with insider trading in connection with Heartland’s sale to Global Payments Inc. in April 2016.  The lawsuit pending in U.S. District Court in Bridgeport, …

June, 2018

  • 22 June

    PayPal Buying Simility for $120 Million and other Digital Transactions News briefs from 6/22/18

    PayPal Holdings Inc. said it is buying Simility, a fraud-prevention and risk-management platform, for $120 million. Once the deal closes—expected in the third quarter—PayPal merchants will get access to Simility’s fraud tools, the company said. This is PayPal’s second acquisition announced this week. Wednesday PayPal said it was buying Hyperwallet for …

  • 20 June

    PayPal Opens Its Wallet Again, This Time To Buy Hyperwallet for $400 Million

    Its pending $2.2 billion acquisition of Sweden’s iZettle still awaits final approval, but that didn’t stop PayPal Holdings Inc. from announcing late Tuesday that it has a deal to buy payout provider Hyperwallet for $400 million in cash. San Francisco-based Hyperwallet is an international specialist in provisioning payments, commissions, and …

  • 18 June

    The U.K.’s Finastra Acquires Malauzai Software in a Bid for Mobile Services for Community Banks

    Finastra, a London-based vendor of digital-banking software, announced Monday it has acquired Malauzai Software Inc., a 9-year-old company based in Austin, Texas. Terms were not announced. The deal brings to Finastra a company serving more than 350 community financial institutions with solutions for such digital services as mobile remote deposit …

  • 11 June

    VeriFone’s Revenues Slip as Acquisition by Francisco Partners Nears

    In what could be its final earnings report as a public company, point-of-sale terminal maker and online payment technology provider VeriFone Systems Inc. reported Friday that its revenues for the quarter ended April 30 fell 7.5% from a year earlier, but its quarterly loss narrowed considerably. San Jose, Calif.-based VeriFone …