M&A Deal Summary

CSG Acquires iCG Pay

On June 3, 2024, CSG acquired financial services company iCG Pay for 17M USD

Acquisition Highlights
  • This is CSG’s 1st transaction in the Financial Services sector.
  • This is CSG’s 7th largest (disclosed) transaction.
  • This is CSG’s 13th transaction in the United States.
  • This is CSG’s 1st transaction in Florida.

M&A Deal Summary

Date 2024-06-03
Target iCG Pay
Sector Financial Services
Buyer(s) CSG
Deal Type Add-on Acquisition
Deal Value 17M USD

Target

iCG Pay

Fort Myers, Florida, United States
iCG Pay is an ACH and credit card payment processing company. iCG Pay was formed in 2008 and is headquartered in Fort Myers, Florida.

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Buyer(S) 1

Buyer

CSG

Englewood, Colorado, United States

Category Company
Founded 1994
Sector Software
Revenue 1.2B USD (2024)
DESCRIPTION
Entrance to CSG Systems International's corporate headquarters in Englewood, Colorado.
Entrance to CSG Systems International's corporate headquarters in Englewood, Colorado.

CSG provides software and services that support customer experience management, billing, payments, and digital engagement for communication service providers and enterprises. The Company’s platforms enable functions such as revenue management, partner management, and omnichannel customer interactions across telecommunications, media, and other industries. CSG was founded in 1982 and is headquartered in Englewood, Colorado.


DEAL STATS #
Overall 18 of 18
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 17 of 17
State: Florida M&A 1 of 1
Country: United States M&A 13 of 13
Year: 2024 M&A 1 of 1
Size (of disclosed) 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-11 DGIT Systems

Melbourne, Australia

DGIT Systems is a provider of software and services to digital and communications service providers, including catalog, configure, price and quote (CPQ), order capture, provisioning, and inventory management. Its cutting-edge technologies create intuitive, flexible and highly customizable solutions that can seamlessly automate and effortlessly manage the complete, end-to-end, opportunity-to-operate journey for digital and communications services. DGIT Systems was formed in 2005 and is headquartered in Melbourne, Australia.

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