Tuesday , April 16, 2024

Talus Pay’s New Year Starts With Two Acquisitions

Payments provider Talus Pay announced two acquisitions on Thursday, indicating it acquired Clarus Merchant Services and Jobox.ai in separate deals. Total annual payments volume for the newly combined company total $9 billion for more than 22,000 U.S. merchants.

Dallas-based Talus Pay says Clarus Merchant Services, based in Gaithersburg, Md., provides business-to-business payments services, while Jobox.ai, an Aventura, Fla.-based firm, provides job matching, scheduling, payments, and other services for home-service professionals. Talus Pay is owned by A&M Capital Partners, a Greenwich, Conn.-based private-equity firm.

The additions of Clarus and Jobox.ai will aid Talus Pay’s ability to grow in home and facility services and enable it to scale the Jobox.ai technology to other service verticals, Talus Pay says. “Adding Jobox and Clarus gives us additional proprietary software and scale in complementary business-to-business industry verticals,” Kim Fitzsimmons, Talus Pay chief executive, says in a statement.

Jobox’s technology, which also handles customer communications and inventory tasks, is accessed via a mobile app built on a modular, open-source architecture that Talus Pay plans to adapt to industries such as auto repair, beauty, hospitality, nonprofit, and service retail. Shay Block, Jobox’s cofounder and chief executive, joins Talus Pay as chief strategy officer. Kaushik Pendurthi, whose LinkedIn profile lists him as a Jobox cofounder and chief technology officer, now becomes the chief technology officer at Talus Pay.

Clarus built its business servicing a range of business-to-business verticals, credit unions, wholesale distribution groups, and building-materials distribution companies. “We have significant portfolio and business synergies with Talus Pay, which makes joining forces natural,” Eric Pottebaum, president of Clarus, says in a statement. He joins Talus Pay as general manager of the Clarus portfolio. Clarus was founded in 1999 and processes more than $2 billion in annual card volume.

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