Investment Summary

Complus Data Innovations Exits The Payment Group

On June 6, 2019, invested in internet software and services company The Payment Group from Complus Data Innovations

Investment Highlights
  • This is transaction in the Internet Software and Services sector.
  • This is transaction in the United States.
  • This is transaction in Texas.
Investment Fate
  • The Payment Group was sold to a publicly-traded strategic buyer in 2020 for 21M USD.

Investment Summary

Date 2019-06-06
Target The Payment Group
Sector Internet Software and Services
Sellers(s) Complus Data Innovations
Deal Type Spin Off

Target

The Payment Group

Dallas, Texas, United States
The Payment Group LLC is a provider of court, utility and other payments solutions to municipal governments throughout the southern United States. The Payment Group was founded in 2003 and is based in Dallas, Texas.

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Seller(S) 1

SELLER

Complus Data Innovations

Tarrytown, New York, United States

Category Company
Founded 1986
Sector Software
DESCRIPTION

Complus Data Innovations, Inc. is a provider of parking enforcement software solutions to municipalities and universities throughout the United States. The company offers the proprietary FastTrack ticket management software, state-of-the-art hardware including handheld ticket writers, and 24/7 “Signature Service” customer support. Complus was formed in 1986 and is based in Tarrytown, New York.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Spin Off M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-13 The Payment Group

Dallas, Texas, United States

The Payment Group LLC is a provider of court, utility and other payments solutions to municipal governments throughout the southern United States. The Payment Group was founded in 2003 and is based in Dallas, Texas.

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