M&A Deal Summary

Green Dot Acquires Loopt

On March 9, 2012, Green Dot acquired internet software and services company Loopt for 43M USD

Acquisition Highlights
  • This is Green Dot’s 2nd transaction in the Internet Software and Services sector.
  • This is Green Dot’s 3rd largest (disclosed) transaction.
  • This is Green Dot’s 3rd transaction in the United States.
  • This is Green Dot’s 1st transaction in California.

M&A Deal Summary
Date 2012-03-09
Target Loopt
Sector Internet Software and Services
Buyer(s) Green Dot
Deal Type Add-on Acquisition
Deal Value 43M USD

Target

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.

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Buyer(S) 1

Buyer

Green Dot

Pasadena, California, United States
Category Company
Founded 1999
Sector Financial Services
Employees1,200
Revenue 1.5B USD (2023)
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 3 of 5
Sector (Internet Software and Services) 2 of 3
Type (Add-on Acquisition) 3 of 5
State (California) 1 of 2
Country (United States) 3 of 5
Year (2012) 2 of 2
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-24 eCommLink

Las Vegas, Nevada, United States

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.

Buy $3M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-18 Santa Barbara Tax Products Group

San Diego, California, United States

Santa Barbara Tax Products Group LLC is a provider of financial products and processing services to the tax preparation industry. TPG provides its services through third party tax preparation firms, including tax preparers and tax software providers.

Buy $320M
Mergr

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