M&A Deal Summary

Bambora Group Acquires DevCode Payment

On May 12, 2017, Bambora Group acquired software company DevCode Payment from DevCode Group

Acquisition Highlights
  • This is Bambora Group’s 1st transaction in the Software sector.
  • This is Bambora Group’s 2nd transaction in Sweden.

M&A Deal Summary

Date 2017-05-12
Target DevCode Payment
Sector Software
Buyer(s) Bambora Group
Sellers(s) DevCode Group
Deal Type Divestiture

Target

DevCode Payment

Stockholm, Sweden
DevCode Payment offers a flexible payment platform that helps multinational companies manage, analyze and optimize their payments in real time. DevCode Payment consists of three different solutions that can be offered separately or together, including PaymentIQ, AccountIQ and VaultIQ. PaymentIQ handles transactions worth around 385 million Canadian dollars a month and supports over 250 payment methods for credit cards, e-wallets and direct payments. AccountIQ is a reconciliation tool in which payment flows are matched and synced automatically. VaultIQ is a security tool that guarantees the highest level of security based on regulatory requirements.

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Buyer(S) 1

Buyer

Bambora Group

Stockholm, Sweden

Category Company
Founded 1983
Sector Financial Services
Revenue 202M EUR (2016)
DESCRIPTION

Bambora Group is a provider of quick and secure card acquiring solutions in Scandinavia with a strong market position in eCommerce and Nordic Retail. Bambora has built a sophisticated portfolio of services that include simplification of payment processes, multi-currency support and risk management support. Bambora Group was founded in 1983 and is based in Stockholm, Sweden.


DEAL STATS #
Overall 5 of 5
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 3 of 3
Country: Sweden M&A 2 of 2
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-17 Beanstream Internet Commerce

Victoria, British Columbia, Canada

Beanstream Internet Commerce, Inc. is a provider of payment, risk management and authentication solutions to companies and institutions.

Buy -

Seller(S) 1

SELLER

DevCode Group

Stockholm, Sweden

Category Company
Founded 2007
Sector Software
DESCRIPTION

DevCode is a rapidly growing provider of system development, process development and payment solutions. Company have several proprietary solutions and products that has been well tested and proven effective. Company help companies to streamline and automate their workflows and business processes through knowledge and software. Since the beginning we have worked with the streamlining of business and core processes as well as developing systems for many of Sweden’s largest companies. Learn more about our solutions on our website.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Sweden M&A 1 of 1
Year: 2017 M&A 1 of 1