M&A Deal Summary

Electronic Merchant Systems Acquires Paysley

On July 7, 2022, Electronic Merchant Systems acquired internet software and services company Paysley from PaymentCloud

Acquisition Highlights
  • This is Electronic Merchant Systems’ 1st transaction in the Internet Software and Services sector.
  • This is Electronic Merchant Systems’ 2nd transaction in the United States.
  • This is Electronic Merchant Systems’ 1st transaction in California.

M&A Deal Summary

Date 2022-07-07
Target Paysley
Sector Internet Software and Services
Buyer(s) Electronic Merchant Systems
Sellers(s) PaymentCloud
Deal Type Divestiture

Target

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.

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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 2 of 3
Sector: Internet Software and Services M&A 1 of 2
Type: Divestiture M&A Deals 1 of 1
State: California M&A 1 of 2
Country: United States M&A 2 of 3
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-23 Total Touch POS

United States

Total Touch POS provides an intuitive restaurant point of sale (POS) software suite. Total Touch POS™ solutions meet the distinct management and operational needs of restaurant owners. The intuitive, easy-to-operate software helps restaurants focus on their primary goal—letting them deliver the best dining experience possible. Total Touch POS is a preferred solution by an array of restaurant concepts, from burger joints to premier seafood restaurants.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-30 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.

Buy -

Seller(S) 1

SELLER

PaymentCloud

Sherman Oaks, California, United States

Category Company
Founded 2016
Sector Internet Software and Services
DESCRIPTION

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.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-21 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 -