M&A Deal Summary

EchoSat Acquires Heartland Payment Systems - SmartLink

On January 4, 2016, EchoSat acquired communications company Heartland Payment Systems - SmartLink from Heartland Payment Systems

Acquisition Highlights
  • This is EchoSat’s 1st transaction in the Communications sector.
  • This is EchoSat’s 1st transaction in the United States.

M&A Deal Summary

Date 2016-01-04
Target Heartland Payment Systems - SmartLink
Sector Communications
Buyer(s) EchoSat
Sellers(s) Heartland Payment Systems
Deal Type Divestiture

Target

Heartland Payment Systems - SmartLink

United States
Heartland Payment Systems - SmartLink is a provider of platinum and managed network services solutions to merchants in new and existing channels.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

EchoSat

Lexington, Kentucky, United States

Category Company
Founded 1973
Sector Information Technology
DESCRIPTION

EchoSat, Inc. provides payment security, managed firewall and network solutions for retail outlets in many vertical markets, as well as managed network and firewall services to protect point-of-sale systems from security breaches. EchoSat is a Level 1 compliant PCI-DSS Service Provider and has developed a powerful set of PCI-DSS compliant data security and network control systems designed to ensure critical data is protected and reliably delivered. These products are geographically redundant to maximize availability. EchoSat was formed in 1973 and is based in Lexington, Kentucky.


DEAL STATS #
Overall 1 of 1
Sector: Communications M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1

Seller(S) 1

SELLER

Heartland Payment Systems

Princeton, New Jersey, United States

Category Company
Founded 2000
Sector Financial Services
Employees3,734
Revenue 2.7B USD (2015)
DESCRIPTION

Heartland Payment Systems, Inc. is a payments processor. It delivers credit/debit/prepaid card processing, mobile commerce, e-commerce, marketing solutions, security technology, payroll solutions, and related business solutions and services to more than 300,000 business and educational locations nationwide.


DEAL STATS #
Overall 1 of 1
Sector: Communications M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-30 Menusoft Systems

Springfield, Virginia, United States

Menusoft Systems Corp. (dba Digital Dining) is a provider of software app for restaurant point-of-sale (POS) and management systems throughout the United States.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-09 Beanstalk Data

Charlotte, North Carolina, United States

Beanstalk Data LLC is a provider of customer engagement platforms for restaurants in the United States.

Buy -