Add-on Acquisition • Information Technology

Fintech Acquires iControl Data Solutions

On March 13, 2024, Fintech acquired information technology company iControl Data Solutions

Acquisition Context
  • This is Fintech’s 2nd transaction in the Information Technology sector.
  • This is Fintech’s 5th transaction in the United States.
  • This is Fintech’s 1st transaction in Maryland.

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M&A Deal Summary

Date March 13, 2024
Target iControl Data Solutions
Sector Information Technology
Buyer(s) Fintech
Deal Type Add-on Acquisition

Target Company

iControl Data Solutions

Rockville, Maryland, United States
iControl Data Solutions is a provider of process improvement, payment settlement, and collaborative business intelligence solutions for the food, drug and convenience value chain. iControl Data Solutions was founded in 2005 and is based in Rockville, Maryland.
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Buyer Overview 1

Buyer

Fintech

Tampa, Florida, United States

Category Company
Founded 1991
Sector Internet Software and Services
DESCRIPTION

Fintech is a provider of data, payment, and software solutions to the beverage alcohol industry. Fintech’s flagship product, OneSource, provides the beverage alcohol industry a single source, secure payment solution that ensures invoices are paid on time and in compliance within a highly-regulated environment. OneSource connects alcohol distributors with retailers and replaces cash, check, and money orders, reducing errors and saving customers time and money. Fintech was founded in 1991 and is based in Tampa, Florida.


Deal Context for Buyer #
Overall 5 of 5
Sector: Information Technology 2 of 2
Type: Add-on Acquisition 5 of 5
State: Maryland 1 of 1
Country: United States 5 of 5
Year: 2024 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-06 STX Business Solutions

Bentonville, Arkansas, United States

STX Business Solutions is a web-based data management platform for the CPG and retail industry built on Microsoft Power BI. STX Business Solutions is based in Bentonville, Arkansas.

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