M&A Deal Summary

Deluxe Acquires First Data - Remittance Processing Business

On August 16, 2018, Deluxe acquired software company First Data - Remittance Processing Business from First Data for 93M USD

Acquisition Highlights
  • This is Deluxe’s 3rd transaction in the Software sector.
  • This is Deluxe’s 7th largest (disclosed) transaction.
  • This is Deluxe’s 17th transaction in the United States.
  • This is Deluxe’s 2nd transaction in Georgia.

M&A Deal Summary
Date 2018-08-16
Target First Data - Remittance Processing Business
Sector Software
Buyer(s) Deluxe
Sellers(s) First Data
Deal Type Divestiture
Deal Value 93M USD

Target

First Data - Remittance Processing Business

Atlanta, Georgia, United States
First Data Corp. - Remittance Processing Business provides a robust suite of services across payment types, as well as image capture software. The solutions are designed to improve operational efficiency, reduce costs, and improve funds availability for financial institutions and corporate clients.

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Buyer(S) 1

Buyer

Deluxe

Minneapolis, Minnesota, United States
Category Company
Founded 1915
Sector Business Services
Employees5,170
Revenue 2.2B USD (2023)
DESCRIPTION
Entrance to Deluxe's corporate headquarters in Shoreview, Minnesota.
Entrance to Deluxe's corporate headquarters in Shoreview, Minnesota.

Deluxe offers a diversified range of products and services to businesses of all sizes. The Company's products and services include customized checks and forms, as well as website development and hosting, email marketing, social media, search engine optimization and logo design. Deluxe was incorporated in 1915 and is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 19 of 21
Sector (Software) 3 of 3
Type (Divestiture) 1 of 1
State (Georgia) 2 of 2
Country (United States) 17 of 18
Year (2018) 2 of 2
Size (of disclosed) 7 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-09 LogoMix

Boston, Massachusetts, United States

LogoMix, Inc. is a provider of logo design and other small business branding and marketing services. LogoMix, Inc. was founded in 2006 and is based in Boston, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-05 Deluxe Rewards

Shoreview, Minnesota, United States

Deluxe Financial Services LLC is a provider of patented, dual currency, loyalty and engagement technology platform. Deluxe Financial Services is based in Shoreview, Minnesota.

Sell -

Seller(S) 1

SELLER

First Data

Atlanta, Georgia, United States
Category Company
Founded 1989
Sector Financial Services
Employees24,000
Revenue 8.7B USD (2018)
DESCRIPTION
First Data's corporate headquarters in Atlanta, Georgia.
First Data's corporate headquarters in Atlanta, Georgia.

First Data is a provider of electronic commerce and payment solutions for merchants, financial institutions and card issuers. First Data was formed in 1989 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 3 of 3
Sector (Software) 2 of 2
Type (Divestiture) 2 of 2
State (Georgia) 2 of 2
Country (United States) 3 of 3
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-20 BluePay

Naperville, Illinois, United States

BluePay is a provider of technology-enabled credit card payment processing services for enterprise, small and medium-sized businesses in the United States and Canada. BluePay Processing is based in Naperville, Illinois.

Buy $760M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-12 Software Express

Sao Paulo, Brazil

Software Express provides technology solutions to merchants of different sizes, including multi-acquirer EFT, multi-acquirer EFT-POS, reconciliation, a payments gateway, and automated recurring payments, among other products.

Buy -
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