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  6. Eltropy Acquires Lexop

M&A Deal Summary

Eltropy Acquires Lexop

On January 6, 2025, Eltropy acquired information technology company Lexop

Acquisition Highlights
  • This is Eltropy’s 2nd transaction in the Information Technology sector.
  • This is Eltropy’s 1st transaction in Canada.
  • This is Eltropy’s 1st transaction in Quebec.

M&A Deal Summary
Date 2025-01-06
Target Lexop
Sector Information Technology
Buyer(s) Eltropy
Deal Type Add-on Acquisition

Target

Lexop

Montreal, Quebec, Canada
Lexop provides collections technology that helps credit unions work more effectively with members facing past-due challenges. Through digital tools and clear communication options, it enable credit unions to maintain strong relationships with members while resolving collection issues. Lexop is based in Montreal, Quebec.

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Buyer(S) 1

Buyer

Eltropy

Milpitas, California, United States
Category Company
Founded 2013
Sector Information Technology
DESCRIPTION

Eltropy is a messaging platform that enables financial institutions to digitally engage in a secure and compliant way. The company enables credit unions, banks, and other financial institutions to communicate with their customers via text message combining speed, security, and regulatory compliance. Eltropy was formed in 2013 and is based in Milpitas, California.

DEAL STATS #
Overall 2 of 2
Sector (Information Technology) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2025) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-08 POPi/o

Sandy, Utah, United States

POPi/o is a provider of video banking, collaboration, and contact center technology a comprehensive mobile, web, and in-branch video software solution that improves the member experience. Through two-way video communication and collaboration tools such as co-browsing, screen sharing, document signing, remote online notary, and video check deposit, banks and Credit Unions empower their sales and member service channels to conduct a broad range of personal and business interactions. POPi/o was formed in 2016 and is based in Sandy, Utah.

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