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  6. Cayan Acquires AVATAS Payment Solutions

M&A Deal Summary

Cayan Acquires AVATAS Payment Solutions

On July 27, 2012, Cayan acquired information technology company AVATAS Payment Solutions

Acquisition Highlights
  • This is Cayan’s 1st transaction in the Information Technology sector.
  • This is Cayan’s 1st transaction in the United States.
  • This is Cayan’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2012-07-27
Target AVATAS Payment Solutions
Sector Information Technology
Buyer(s) Cayan
Deal Type Add-on Acquisition

Target

AVATAS Payment Solutions

Boston, Massachusetts, United States
AVATAS Payment Solutions is an independent sales organization specializing in delivering payment processing services for the heating fuels and healthcare industries.

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Buyer(S) 1

Buyer

Cayan

Boston, Massachusetts, United States
Category Company
Founded 1998
Sector Financial Services
DESCRIPTION

Cayan is a provider of payment solutions and merchant services. Cayan enables merchants, developers and resellers to deliver current and emerging payment solutions. Cayan was founded in 1998 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 1 of 3
Sector: Information Technology M&A 1 of 3
Type: Add-on Acquisition M&A Deals 1 of 3
State: Massachusetts M&A 1 of 1
Country: United States M&A 1 of 3
Year: 2012 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-25 Opticard Payment Services

Scottsdale, Arizona, United States

Opticard Payment Services, Inc. is a provider of gift and loyalty programs for organizations worldwide.

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