Paystone - M&A Summary and Business Overview

Technology HardwareCompany

Paystone M&A Summary

Paystone has acquired 4 companies, including 3 in the last 5 years.

Paystone’s largest acquisition to date was in 2024, when it acquired Ackroo for $16M. Paystone has acquired in 1 US state, and 2 countries. The Company’s most targeted sectors include software (50%) and financial services (25%).

Paystone Business Overview

Where is Paystone headquartered?

Paystone is headquartered in London, Ontario.

How many employees does Paystone have?

Paystone has 150 employees.

What sector is Paystone in?

Paystone is a technology hardware company.

When was Paystone founded?

Paystone was founded in 2009.

M&A Summary

M&A Total Activity4
- M&A Buy Activity4
Total Sectors Invested 3
Total Countries Invested 2

Paystone

Paystone, Inc.

3200 Wonderland Road, South,
London, Ontario N6L1A6
Canada,
(888) 900-9192
www.paystone.com

Paystone is a provider of customer engagement solutions that helps merchants turn everyday transactions into meaningful interactions and opportunities for growth. Paystone was formed in 2009 and is based in London, Ontario.

M&A Summary

Buy vs Sell

Year		≤ '20	'21	'22	'23	'24	'25	T
Buy (0.6/yr)	#	1	1	1	-	1	-	4
Buy (0.6/yr)	vol					$16M		$16M
Sell (0.0/yr)	#	-	-	-	-	-	-	0
								4

Most Recent M&A

Company	Date	Value	Type
Ackroo, Inc.	2024-12-12	16M CAD	Add-on Acquisition
Hamilton, Ontario · www.ackroo.com
Canadian Payment Services LLC	2022-01-26	-	Add-on Acquisition
New York, New York · www.cpsmerchants.ca
NiceJob, Inc.	2021-10-13	-	Add-on Acquisition
Vancouver, British Columbia · www.get.nicejob.com
DataCandy Software, Inc.	2019-11-04	-	Add-on Acquisition
Montreal, Quebec · www.datacandy.com
View All >>

M&A by Sector

Sector	Buy #	Value	Sell #	Value
Software	2 (50%)	16M (100%)	-	-
Financial Services	1 (25%)	-	-	-
Internet Software and Services	1 (25%)	-	-	-
Total	4	$16M	-	-

By Geo

State/Country		Buy	Value	Sell	Value
Canada		3	16M	-	-
	Quebec	1	-	-	-
	Ontario	1	16M	-	-
	British Columbia	1	-	-	-
United States		1	-	-	-
	New York	1	-	-	-
Domestic		3 (75%)	16M (100%)	-	-
Cross-border		1 (25%)	-	-	-
Total		4	$16M	-	-

Deal Values

buy	#	Total
< $100M	1	$16M
TOTAL		$16M
Largest	Ackroo, Inc. $16M (2024-12-12)

Company Summary

SECTOR

Technology Hardware

Employees

150

Established

2009

Former Name

Zomaron

Investor History
2021-01-21
Growth Capital

Canadian Business Growth Fund (CBGF) PE

Crédit Mutuel Equity PE

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Paystone - M&A Summary and Business Overview

Technology HardwareCompany