Add-on Acquisition • Information Technology

Berkeley Payment Solutions Acquires Pungle Canada

On October 23, 2019, Berkeley Payment Solutions acquired information technology company Pungle Canada

Acquisition Context

This is Berkeley Payment Solutions’ 1st transaction in the Information Technology sector.
This is Berkeley Payment Solutions’ 1st transaction in Canada.
This is Berkeley Payment Solutions’ 1st transaction in Ontario.

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M&A Deal Summary
Date	October 23, 2019
Target	Pungle Canada
Sector	Information Technology
Buyer(s)	Berkeley Payment Solutions
Deal Type	Add-on Acquisition

Target Company

Pungle Canada

Toronto, Ontario, Canada

Pungle Canada, Inc. is an innovative payments platform that enables frictionless, real-time transfers. Pungle Canada is based in Toronto, Ontario.

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Buyer Overview 1

Buyer

Berkeley Payment Solutions

Toronto, Ontario, Canada

Category	Company
Sector	Information Technology

DESCRIPTION

Berkeley Payment Solutions is a provider of mass-payment solutions to corporations looking to disburse funds to customers, employees, and suppliers via physical prepaid cards or virtual real-time payments. Berkeley Payment Solutions is based in Toronto. Ontario.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Information Technology	1 of 1
Type: Add-on Acquisition	1 of 1
State: Ontario	1 of 1
Country: Canada	1 of 1
Year: 2019	1 of 1

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