M&A Deal Summary

Paymentus Acquires Payveris

On August 10, 2021, Paymentus acquired information technology company Payveris from Black Dragon Capital for 152M USD

Acquisition Highlights
  • This is Paymentus’ 1st transaction in the Information Technology sector.
  • This is Paymentus’ largest (disclosed) transaction.
  • This is Paymentus’ 1st transaction in the United States.
  • This is Paymentus’ 1st transaction in Connecticut.

M&A Deal Summary
Date 2021-08-10
Target Payveris
Sector Information Technology
Buyer(s) Paymentus
Sellers(s) Black Dragon Capital
Deal Type Add-on Acquisition
Deal Value 152M USD

Target

Payveris

Cromwell, Connecticut, United States
website
Payveris is the creator of the MoveMoneySM platform, an open API, cloud-based platform that enables financial institutions to control, simplify and extend engaging digital money movement capabilities to their users through any application or device while significantly reducing operating costs and future-proofing their IT investment. Payveris was established in 2012 and is based in Cromwell, Connecticut.

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Buyer(S) 1

Buyer

Paymentus

Redmond, Washington, United States

website

Category Company
Founded 2004
Sector Software
Employees900
Revenue 497M USD (2022)
DESCRIPTION

Paymentus provides a unified, SaaS electronic bill payment and presentment, enterprise customer communication and self-service, and revenue management platform. Paymentus’ next-generation, real-time bill payment network continues to redefine the industry by providing strategic and innovative solutions that simplify, automate and streamline the bill payment and revenue management processes. The Company’s platform is capable of supporting a broad spectrum of industry segments including: utilities, municipalities, counties and governmental agencies, insurance, healthcare, financial services, property management and other commercial enterprises. Paymentus was founded in 2004 and is based in Redmond, Washington.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Connecticut) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Black Dragon Capital

Investor Investor Investor Investor

website

Category Private Equity Firm
Size Small
Type Sector Agnostic
DESCRIPTION

Black Dragon Capital is a private equity firm focused on growth-oriented, technology investments in ecommerce, financial services, sports, and media. The Firm looks for opportunities that can benefit from the Firm's expertise with distribution and operations. Target companies typically are profitable with $5 to $25 million in revenue. Black Dragon Capital is based in Miami, Florida.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Connecticut) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-04 Grass Valley

San Francisco, California, United States

Grass Valley is a provider of full range of products and services supporting many of the world's most high-profile television events, Grass Valley offers the most comprehensive portfolio of flexible and cost-effective digital technologies and systems available.

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