M&A Deal Summary

FIS Global Acquires Payrix

On February 14, 2022, FIS Global acquired software company Payrix from PSG

Acquisition Highlights
  • This is FIS Global’s 8th transaction in the Software sector.
  • This is FIS Global’s 17th transaction in the United States.
  • This is FIS Global’s 1st transaction in Georgia.

M&A Deal Summary

Date 2022-02-14
Target Payrix
Sector Software
Buyer(s) FIS Global
Sellers(s) PSG
Deal Type Add-on Acquisition
Advisor(s) FTP Securities LLC (FT Partners) (Financial)
Weil Gotshal & Manges (Legal)

Target

Payrix

Sandy Springs, Georgia, United States
Payrix enables vertically-focused SaaS companies to embed and manage payments natively within their software, securing additional recurring revenue and creating an awesome experience. The company provides the tools to create a seamless, embedded user experience and offers clients the choice of payment facilitation-as-a-service (PFaaS) or a full payment infrastructure (payment IaaS) product based on business appetite. Payrix was founded in 2015 and is based in Sandy Springs, Georgia.

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Buyer(S) 1

Buyer

FIS Global

Jacksonville, Florida, United States

Category Company
Founded 1968
Sector Financial Services
Employees60,000
Revenue 9.8B USD (2023)
DESCRIPTION
FIS' corporate headquarters in Jacksonville, Florida.
FIS' corporate headquarters in Jacksonville, Florida.

FIS Global is a provider of core processing for financial institutions; card issuer and transaction processing services; and outsourcing services to financial institutions and retailers. FIS Global was incorporated in 1968 and is based in Jacksonville, Florida.


DEAL STATS #
Overall 19 of 22
Sector (Software) 8 of 8
Type (Add-on Acquisition) 17 of 18
State (Georgia) 1 of 1
Country (United States) 17 of 20
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-18 Worldpay

Jacksonville, Florida, United States

Worldpay is a provider of payment acceptance services. The company offers a broad suite of payment processing services that enable its clients to meet their payment processing needs through a single provider, including in omnichannel environments that span point-of-sale, e-commerce, and mobile devices. Worldpay was established in 2009 and is headquartered in Jacksonville, Florida.

Buy $43.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-06 Worldpay

Jacksonville, Florida, United States

Worldpay is a provider of payment acceptance services. The company offers a broad suite of payment processing services that enable its clients to meet their payment processing needs through a single provider, including in omnichannel environments that span point-of-sale, e-commerce, and mobile devices. Worldpay was established in 2009 and is headquartered in Jacksonville, Florida.

Sell -

Seller(S) 1

SELLER

PSG

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2014
PE ASSETS 14.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

PSG is a growth equity investment firm focused on the software sector. The Firm looks to partner with software and technology-enabled service companies to capitalize on opportunities and accelerate growth. PSG looks to leverage its network and best practice knowledge developed from its history of investing, to implement and execute strategies on guiding companies to the next level. PSG was established in 2014 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 3 of 8
Sector (Software) 2 of 2
Type (Add-on Acquisition) 1 of 5
State (Georgia) 1 of 1
Country (United States) 3 of 6
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-26 DoseSpot

Dedham, Massachusetts, United States

DoseSpot is an e-prescribing platform specifically designed to integrate with electronic health records, dental practice management systems, and digital health platforms. The company is certified to e-prescribe controlled substances and currently processes approximately one out of every 80 prescriptions in the United States. DoseSpot was formed in 2009 and is based in Dedham, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-17 Sesame

Madrid, Spain

Sesame is human resources software that streamlines processes related to centralized employee management on a single platform. Sesame was launched in 2015 and is headquartered in Madrid, Spain.

Buy -