M&A Deal Summary

Global Payments Acquires Accelerated Payment Technologies

On August 15, 2012, Global Payments acquired information technology company Accelerated Payment Technologies from Great Hill Partners for 413M USD

Acquisition Highlights
  • This is Global Payments’ 5th transaction in the Information Technology sector.
  • This is Global Payments’ 10th largest (disclosed) transaction.
  • This is Global Payments’ 4th transaction in the United States.
  • This is Global Payments’ 1st transaction in Utah.

M&A Deal Summary
Date 2012-08-15
Target Accelerated Payment Technologies
Sector Information Technology
Buyer(s) Global Payments
Sellers(s) Great Hill Partners
Deal Type Add-on Acquisition
Deal Value 413M USD

Target

Accelerated Payment Technologies

Pleasant Grove, Utah, United States
Accelerated Payment Technologies, Inc., is a platform provides an unparalleled single integration point and a highly flexible platform that provides gateway, middleware and back-end technologies that hasten and simplify the integration of payment processing into critical business applications.

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Buyer(S) 1

Buyer

Global Payments

Atlanta, Georgia, United States
Category Company
Founded 1967
Sector Financial Services
Employees27,000
Revenue 9.7B USD (2023)
DESCRIPTION
View of Global Payments' corporate headquarters in Atlanta, Georgia.
View of Global Payments' corporate headquarters in Atlanta, Georgia.

Global Payments is a worldwide provider of payment technology services. The Company's payment solutions enables merchant customers to accept card, electronic, check and digital-based payments at the point of sale. Global Payments' primary business model provides payment services directly to merchants as customers. Global Payments was founded in 1967 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 7 of 20
Sector (Information Technology) 5 of 10
Type (Add-on Acquisition) 7 of 19
State (Utah) 1 of 2
Country (United States) 4 of 13
Year (2012) 1 of 1
Size (of disclosed) 10 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-26 DolEx Dollar Express

Arlington, Texas, United States

DolEx Dollar Express is a provider of electronic funds transfer services through approximately 600 branches and over 2,000 agents in the mainland U.S., Puerto Rico, U.S. Virgin Islands, and Europe. The company’s services allow customers to quickly and safely send money to beneficiaries in North America, Latin America, North Africa, Asia, Europe, and the Caribbean through its settlement relationships with thousands of banks, exchange houses, and retail locations. DolEx also offers ancillary products and services including phone cards, bill payments, money orders, check cashing, prepaid mobile e-pins, and its Amigo Latino Plus prepaid card. DolEx Dollar Express was founded in 1996 and is based in Arlington, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-05 Payment Processing

Newark, California, United States

Payment Processing, Inc., is a technology focused payments company, providing unparalleled service, products and professionalism to help businesses bridge the gap between information technology and payments services.

Buy $420M

Seller(S) 1

SELLER

Great Hill Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 12.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Great Hill Partners is a private equity firm focused on growth equity and recapitalization investments in well established public and private companies valued put to $1 billion. Great Hill targets companies within consumer services, business services, financial technology, healthcare, internet, logistics, media, communications, technology services, software and transaction processing. The Firm invests in the range of $25 to $500 million per transaction. Great Hill prefers companies located in the US, but will also consider opportunities in Europe and Latin America. Great Hill Partners was formed in 1998 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 19 of 61
Sector (Information Technology) 3 of 6
Type (Add-on Acquisition) 14 of 38
State (Utah) 1 of 1
Country (United States) 15 of 51
Year (2012) 2 of 3
Size (of disclosed) 11 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-25 MineralTree

Waltham, Massachusetts, United States

MineralTree is a provider of accounts payable and payment automation solutions for middle-market businesses. More than 2,000 mid-market and mid-enterprise companies, as well as more than 25 financial institutions, rely on MineralTree to digitize and optimize the entire AP Automation and Payments process, preserving control over the complete invoice-to-payment workflow, improving vendor relationships, maximizing ROI, and transforming the finance function from a cost center to a profit center. MineralTree was founded in 2010 and is based in Waltham, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-16 Ziff Davis

New York, New York, United States

Ziff Davis is a digital media company specializing in the technology market, reaching over 7 million highly engaged in-market buyers and influencers every month. Ziff Davis sites, which feature trusted and comprehensive evaluations of the newest and hottest products, include PCMag.com, ExtremeTech, GearLog, GoodCleanTech, DL.tv, AppScout, CrankyGeeks, Smart Device Central and TechSaver.com. Ziff Davis was founded in 1999 and is based in New York City.

Sell $175M
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