M&A Deal Summary

First American Payment Systems Acquires Govolution

On November 1, 2005, First American Payment Systems acquired internet software and services company Govolution

Acquisition Highlights
  • This is First American Payment Systems’ 2nd transaction in the Internet Software and Services sector.
  • This is First American Payment Systems’ 3rd transaction in the United States.
  • This is First American Payment Systems’ 1st transaction in Virginia.

M&A Deal Summary

Date 2005-11-01
Target Govolution
Sector Internet Software and Services
Buyer(s) First American Payment Systems
Deal Type Add-on Acquisition

Target

Govolution

Arlington, Virginia, United States
Govolution LLC is a provider of electronic payment technology and services to the public sector.

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Buyer(S) 1

Buyer

First American Payment Systems

Fort Worth, Texas, United States

Category Company
Founded 1990
Sector Information Technology
DESCRIPTION

First American Payment Systems is a service provider of credit card processing for merchants. It provides debit/EBT card processing, Secur-Chex check services, FirstPay.Net e-Commerce payment gateway, national ATM deployment, and Merimac Capital point-of-sale equipment and ATM leasing. First American Payment Systems was formed in 1990 and is based in Fort Worth, Texas.


DEAL STATS #
Overall 3 of 3
Sector: Internet Software and Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 3 of 3
State: Virginia M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2005 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-06 National Data Funding

Chico, California, United States

National Data Funding Corp. is a full service merchant acquirer serving approximately 3,800 merchants and 230 ATMs. Its well-balanced merchant portfolio features a mix of grocery, drug and convenience store merchants along with several national chains.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-05 International Automated Transaction Service

Vancouver, British Columbia, Canada

IATS currently provides payment processing solutions to more than 9,000 nonprofit organizations in the United States, Canada, United Kingdom, Europe, Australia, Hong Kong and New Zealand and is designed to help nonprofit organizations save time and money on fundraising with its cost-effective solutions.

Buy -