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  6. Electronic Merchant Systems Acquires PaymentCloud

M&A Deal Summary

Electronic Merchant Systems Acquires PaymentCloud

On January 30, 2024, Electronic Merchant Systems acquired internet software and services company PaymentCloud

Acquisition Highlights
  • This is Electronic Merchant Systems’ 2nd transaction in the Internet Software and Services sector.
  • This is Electronic Merchant Systems’ 3rd transaction in the United States.
  • This is Electronic Merchant Systems’ 2nd transaction in California.

M&A Deal Summary
Date 2024-01-30
Target PaymentCloud
Sector Internet Software and Services
Buyer(s) Electronic Merchant Systems
Deal Type Add-on Acquisition

Target

PaymentCloud

Sherman Oaks, California, United States
PaymentCloud is an operator of a dynamic group of young payment professionals facilitate credit card processing for merchants spanning a multitude of industry types. PaymentCloud's quality service, support, and knowledge assist clients in meeting marketing, legal, operational, service, and compliance requirements in order for them to maintain success in credit card processing. PaymentCloud was founded in 2016 and is based in Sherman Oaks, California.

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Buyer(S) 1

Buyer

Electronic Merchant Systems

Cleveland, Ohio, United States
Category Company
Founded 1988
Sector Information Technology
DESCRIPTION

Electronic Merchant Systems has helped small to mid-sized business owners realize their full potential and grow their financial well-being. With offices in more than 50 U.S. cities—servicing tens of thousands of retail, internet, and start-up businesses nationwide. By providing an innovative suite of business solutions and high-quality service, EMS has become a leading provider of payment processing and merchant services. Electronic Merchant Systems founded in 1988 and headquartered in Cleveland, Ohio,

DEAL STATS #
Overall 3 of 3
Sector: Internet Software and Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
State: California M&A 2 of 2
Country: United States M&A 3 of 3
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-07 Paysley

Sherman Oaks, California, United States

Paysley is a provider of contactless payment functionality allowing any customer's phone to be the point of sale without an account. The personalized QR code feature allows customers to pay securely on their phone by inputting their card information or via Apple Pay™ and Samsung Pay™ accounts. Paysley is ideal for fundraising, donations, recurring rent payments, and businesses utilizing text message payment requests. Paysley is based in Sherman Oaks, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-04-16 Pure Distribution Group

Edmond, Oklahoma, United States

Buy -
Mergr

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