M&A Deal Summary

Heartland Payment Systems Acquires TouchNet Information Systems

On July 30, 2014, Heartland Payment Systems acquired information technology company TouchNet Information Systems for 375M USD

Acquisition Highlights
  • This is Heartland Payment Systems’ 1st transaction in the Information Technology sector.
  • This is Heartland Payment Systems’ largest (disclosed) transaction.
  • This is Heartland Payment Systems’ 9th transaction in the United States.
  • This is Heartland Payment Systems’ 1st transaction in Kansas.

M&A Deal Summary
Date 2014-07-30
Target TouchNet Information Systems
Sector Information Technology
Buyer(s) Heartland Payment Systems
Deal Type Add-on Acquisition
Deal Value 375M USD
Advisor(s) Raymond James - Investment Banking (Financial)

Target

TouchNet Information Systems

Lenexa, Kansas, United States
TouchNet Information Systems, Inc. is an integrated commerce solutions provider to higher-education institutions.

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Buyer(S) 1

Buyer

Heartland Payment Systems

Princeton, New Jersey, United States
Category Company
Founded 2000
Sector Financial Services
Employees3,734
Revenue 2.7B USD (2015)
DESCRIPTION

Heartland Payment Systems, Inc. is a payments processor. It delivers credit/debit/prepaid card processing, mobile commerce, e-commerce, marketing solutions, security technology, payroll solutions, and related business solutions and services to more than 300,000 business and educational locations nationwide.

DEAL STATS #
Overall 9 of 14
Sector (Information Technology) 1 of 2
Type (Add-on Acquisition) 9 of 14
State (Kansas) 1 of 1
Country (United States) 9 of 14
Year (2014) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-07 Ovation Payroll

Rochester, New York, United States

Ovation Payroll is a U.S. payroll outsourcing company that offers payroll tax preparation and administration, Internet payroll reporting, direct deposit, and other services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-14 Leaf

Cambridge, Massachusetts, United States

Leaf is a provider of mobile Point of Sale (POS) tablets specifically designed for commerce. Leaf’s product helps retail stores, restaurants, and other local merchants improve the speed and ease of checkout and offers easy-to-use business management, analytics, and customer engagement.

Buy -
Mergr

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