M&A Deal Summary

Fulcrum IT Partners Acquires PayiQ

On January 29, 2024, Fulcrum IT Partners acquired information technology company PayiQ from Quisitive for 45M USD

Acquisition Highlights
  • This is Fulcrum IT Partners’ 3rd transaction in the Information Technology sector.
  • This is Fulcrum IT Partners’ largest (disclosed) transaction.
  • This is Fulcrum IT Partners’ 2nd transaction in the United States.
  • This is Fulcrum IT Partners’ 1st transaction in Texas.

M&A Deal Summary
Date 2024-01-29
Target PayiQ
Sector Information Technology
Buyer(s) Fulcrum IT Partners
Sellers(s) Quisitive
Deal Type Divestiture
Deal Value 45M USD

Target

PayiQ

Irving, Texas, United States
PayiQ is a cloud-enabled payment processing platform designed to improve payment processing for ISOs and ISVs through a suite of new technologies that automate and streamline traditional back-office operations to improve efficiency and improve merchant support for resellers. For merchants, the company's Payments Intelligence solution captures and analyzes rich data from every card-based transaction in every channel and transforms everyday payment transactions into deep consumer insights. It optimizes consumer engagement operations by creating individual profiles that map previous buying behaviors and category preferences, allowing merchants to deliver personalized promotions based on a customer’s interests. PayiQ is based in Irving, Texas.

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Buyer(S) 1

Buyer

Fulcrum IT Partners

Toronto, Ontario, Canada
Category Company
Sector Internet Software and Services
DESCRIPTION

Fulcrum IT Partners is a provider of cybersecurity, cloud, consumption-based IT, and managed services. Fulcrum IT Partners is based in Toronto, Ontario.

DEAL STATS #
Overall 3 of 4
Sector (Information Technology) 3 of 4
Type (Divestiture) 1 of 2
State (Texas) 1 of 1
Country (United States) 2 of 3
Year (2024) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-12 F3 Technology Partners

West Hartford, Connecticut, United States

F3 Technology Partners (F3) provides IT expertise to firms of all sizes, from regional institutions to some of the largest global players in the industry. F3 offers professional services and solutions consisting of data protection, cost optimization, CloudOps, workspace automation, and DevOps services. F3 Technology Partners was formed in 2007 and is based in West Hartford, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-09 Fortress SRM

Cleveland, Ohio, United States

Fortress SRM helps organizations optimize the security performance and managed IT support needs of their people, processes, and technology to deliver positive financial and operational business outcomes through world-class professional services and SOC-based co-managed service offerings. Fortress SRM is based in Cleveland, Ohio.

Buy -

Seller(S) 1

SELLER

Quisitive

Ottawa, Ontario, Canada
Category Company
Sector Information Technology
Revenue 121M CAD (2023)
DESCRIPTION

Quisitive is a full-service digital technology consulting firm, developing solutions that empower organizations to digitally transform their business. Quisitive is based in Ottawa, Ontario.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-08 Catapult System

Austin, Texas, United States

Catapult Systems is an IT consulting company offering a full spectrum of services including application development, software integration, infrastructure, managed services, user-centered design solutions, and enterprise mobile applications. Catapult System was founded in 1993 and is based in Austin, Texas.

Buy $52M
Mergr

Product

Company

Legal