M&A Deal Summary

Green Dot Acquires eCommLink

On January 24, 2012, Green Dot acquired internet software and services company eCommLink from Syntek Capital for 3M USD

Acquisition Highlights
  • This is Green Dot’s 1st transaction in the Internet Software and Services sector.
  • This is Green Dot’s 5th largest (disclosed) transaction.
  • This is Green Dot’s 2nd transaction in the United States.
  • This is Green Dot’s 1st transaction in Nevada.

M&A Deal Summary

Date 2012-01-24
Target eCommLink
Sector Internet Software and Services
Buyer(s) Green Dot
Sellers(s) Syntek Capital
Deal Type Add-on Acquisition
Deal Value 3M USD

Target

eCommLink

Las Vegas, Nevada, United States
website
e-CommLink is a provider of prepaid debit card transaction processor that enables program managers and financial institutions to maximize revenue from their prepaid debit programs.

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Buyer(S) 1

Buyer

Green Dot

Pasadena, California, United States

website


Category Company
Founded 1999
Sector Financial Services
Employees1,200
Revenue 1.5B USD (2022)
DESCRIPTION
Green Dot's corporate headquarters in Pasadena, California.
Green Dot's corporate headquarters in Pasadena, California.

Green Dot is an issuer of prepaid master and visa cards that provides reloading services. Green Dot Bank focuses on serving low and moderate income families with financial products and services, including prepaid cards, checking accounts and cash processing services distributed through a network of retail stores, neighborhood financial service centers and via digital channels. Green Dot was founded in 1999 and is based in Pasadena, California.


DEAL STATS #
Overall 2 of 5
Sector (Internet Software and Services) 1 of 3
Type (Add-on Acquisition) 2 of 5
State (Nevada) 1 of 1
Country (United States) 2 of 5
Year (2012) 1 of 2
Size (of disclosed) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-23 Bonneville Bancorp

Provo, Utah, United States

Bonneville Bancorp is the holding company of Bonneville Bank, a single-office, FDIC-insured commercial bank located in Provo, Utah.

Buy $16M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-09 Loopt

Mountain View, California, United States

Loopt is a provider of mobile user interface design, real-time location-based mobile rewards marketing, and geo-location application technology.

Buy $43M

Seller(S) 1

DESCRIPTION

Syntek Capital is an investment holding company that invests in high growth and later-stage companies with existing revenues and proven technologies. Syntek has particular interest in businesses operating in the advanced technology, software, and media sectors. Target investment situations include solid businesses operating in a temporarily difficult situation, publicly-held or mature private businesses trading significantly below liquidation value, and divisions/subsidiaries that must be sold by parent companies. Syntek will consider opportunities across Europe and the US. Syntek Capital was formed in 2000 and has offices in Munich and San Francisco, California.


DEAL STATS #
Overall 2 of 3
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 2 of 3
State (Nevada) 1 of 1
Country (United States) 2 of 3
Year (2012) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-14 WildBrain Entertainment

Sherman Oaks, California, United States

WildBrain Entertainment, Inc. is an award-winning animation studio that produces and develops and produces television programming, motion pictures, commercial content and licensed merchandise.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-25 Kidrobot

Boulder, Colorado, United States

Kidrobot is a creator and retailer of limited-edition art toys, such as mini-figures, posters, clothing and action figures.

Sell -