M&A Deal Summary

Fiserv Acquires Bypass Mobile

On March 18, 2020, Fiserv acquired software company Bypass Mobile from Advantage Capital Partners

Acquisition Highlights
  • This is Fiserv’s 9th transaction in the Software sector.
  • This is Fiserv’s 33rd transaction in the United States.
  • This is Fiserv’s 4th transaction in Texas.

M&A Deal Summary

Date 2020-03-18
Target Bypass Mobile
Sector Software
Buyer(s) Fiserv
Sellers(s) Advantage Capital Partners
Deal Type Add-on Acquisition

Target

Bypass Mobile

Austin, Texas, United States
Bypass Mobile is an independent software vendor (ISV) and an innovator in enterprise point-of-sale systems. The company develops mobile point-of-sale technology and provides a suite of vertically-focused software products to multi-site food and beverage. Bypass Mobile was formed in 2010 and is based in Austin, Texas.

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Buyer(S) 1

Buyer

Fiserv

Milwaukee, Wisconsin, United States

Category Company
Founded 1984
Sector Information Technology
Employees42,000
Revenue 20.5B USD (2024)
DESCRIPTION
Fiserv's corporate headquarters in Brookfield, Wisconsin.
Fiserv's corporate headquarters in Brookfield, Wisconsin.

Fiserv provides information management and electronic commerce systems for the financial services industry, offering integrated technology and services that create value and results for clients. Clients include banks, credit unions, and thrifts, billers, mortgage lenders and leasing companies, brokerage, and investment firms. Fiserv was founded in 1984 and is based in Milwaukee, Wisconsin.


DEAL STATS #
Overall 37 of 46
Sector: Software M&A 9 of 9
Type: Add-on Acquisition M&A Deals 31 of 40
State: Texas M&A 4 of 4
Country: United States M&A 33 of 40
Year: 2020 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-03 MerchantPro Express

Melville, New York, United States

MerchantPro Express LLC is an independent sales organization (ISO) that provides state-of-the-art processing services, advanced point-of-sale equipment and merchant cash advances to businesses across the United States. By leveraging technology, analytics and a consultative approach, MerchantPro Express works with its clients and partners to grow their businesses by driving down processing costs, providing a wide variety of value-added services, and offering transparent, personalized service.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-16 Ondot Systems

San Jose, California, United States

Ondot Systems, Inc. provides more than 4,500 banks and credit unions with a digital card services platform to drive cardholder engagement. From community issuers to top global banks, Ondot enables financial institutions to offer in-the-moment convenience, control, and transparency for credit and debit cards, leading to higher usage, lower cost, and reduced fraud. Ondot Systems was founded in 2011 and is based in San Jose, California.

Buy -

Seller(S) 1

SELLER

Advantage Capital Partners

New Orleans, Louisiana, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1992
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Advantage Capital Partners is a private equity firm focused on providing growth capital to a variety of companies. The Firm's geographic coverage includes Alabama, Colorado, Florida, Hawaii, Louisiana, Mississippi, Missouri, New York, Texas, Wisconsin and Washington DC. Advantage looks to initially commit $0.5 to $2 million per investment and can provide mezzanine debt in addition to equity capital. Areas of interest include communications, information technology, life science, and energy. Advantage Capital was formed in 1992 and is headquartered in New Orleans, Louisiana.


DEAL STATS #
Overall 88 of 114
Sector: Software M&A 5 of 9
Type: Add-on Acquisition M&A Deals 49 of 67
State: Texas M&A 7 of 9
Country: United States M&A 88 of 114
Year: 2020 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-16 MPI Custom Steel Doors & Frames

Corbin, Kentucky, United States

MPI Custom Steel Doors & Frames manufactures standard and custom steel doors and frames for commercial and institutional buildings, including specialized solutions such as windstorm, sound-rated (STC), thermal, lead-lined and bullet-resistant doors. The Company was founded in 1980 and is headquartered in Corbin, Kentucky.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-07 Delaware River Solar

New York, New York, United States

Delaware River Solar is a solar company focused on building and operating community solar projects located across New York State (interconnecting directly with New York State Electric and Gas (NYSEG) and Rochester Gas and Electric (RGE)) in order to provide clean, locally produced solar power to communities. Delaware River Solar was founded in 2016 and is based in New York, New York.

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