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  6. CheckAlt Acquires Klik Technologies

M&A Deal Summary

CheckAlt Acquires Klik Technologies

On June 16, 2016, CheckAlt acquired information technology company Klik Technologies from MUFG Union Bank NA

Acquisition Highlights
  • This is CheckAlt’s 2nd transaction in the Information Technology sector.
  • This is CheckAlt’s 2nd transaction in the United States.
  • This is CheckAlt’s 1st transaction in New York.

M&A Deal Summary
Date 2016-06-16
Target Klik Technologies
Sector Information Technology
Buyer(s) CheckAlt
Sellers(s) MUFG Union Bank NA
Deal Type Divestiture

Target

Klik Technologies

Valley Cottage, New York, United States
Klik Technologies Corp. is a provider of ASP outsourced receivables payment processing and transaction settlement solutions based out of Valley Cottage, New York.

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Buyer(S) 1

Buyer

CheckAlt

Los Angeles, California, United States
Category Company
Sector Information Technology
DESCRIPTION

CheckAlt is a provider of breed Check 21 solutions nationwide.These solutions include consolidated, advanced item processing, lockbox processing and white label solutions, such as CheckAlt Remit, LoanPay and Mobile Business Capture.

DEAL STATS #
Overall 2 of 2
Sector: Information Technology M&A 2 of 2
Type: Divestiture M&A Deals 2 of 2
State: New York M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-10 ERAS

Miami, Florida, United States

ERAS is a provider of item and payment processing solutions for regional banks, community banks and credit unions.

Buy -

Seller(S) 1

SELLER

MUFG Union Bank NA

San Francisco, California, United States
Category Company
Founded 1996
Sector Financial Services
DESCRIPTION

MUFG Union Bank NA is a full-service bank with offices across the United States. It provides a wide spectrum of corporate, commercial and retail banking and wealth management solutions to meet the needs of customers.

DEAL STATS #
Overall 1 of 2
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 2
State: New York M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-09 Klik Technologies

Valley Cottage, New York, United States

Klik Technologies Corp. is a provider of ASP outsourced receivables payment processing and transaction settlement solutions based out of Valley Cottage, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-18 Intrepid Investment Bankers

Los Angeles, California, United States

Intrepid Investment Bankers is a premier middle market platform providing M&A, capital raising and strategic advisory services to entrepreneurs and middle market companies across multi-sectors. It has a large, longstanding referral network and a highly attractive client base with deep industry and sector knowledge in consumer products and services, healthcare, industrials, technology and digital media, and business services.

Buy -
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