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  6. i3 Verticals Acquires Axia Payments

M&A Deal Summary

i3 Verticals Acquires Axia Payments

On June 1, 2016, i3 Verticals acquired information technology company Axia Payments

Acquisition Highlights
  • This is i3 Verticals’ 10th transaction in the Information Technology sector.
  • This is i3 Verticals’ 11th transaction in the United States.
  • This is i3 Verticals’ 2nd transaction in California.

M&A Deal Summary
Date 2016-06-01
Target Axia Payments
Sector Information Technology
Buyer(s) i3 Verticals
Deal Type Add-on Acquisition

Target

Axia Payments

Santa Barbara, California, United States
Axia Payments LLC is a provider of electronic payment processing services to a broad range of business, government and non-profit organizations.

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Buyer(S) 1

Buyer

i3 Verticals

Nashville, Tennessee, United States
Category Company
Founded 2012
Sector Information Technology
Employees1,663
Revenue 370M USD (2023)
DESCRIPTION

i3 Verticals is a technology and integrated payments provider for a range of industry verticals throughout the United States. i3 Verticals was founded in 2012 and is based in Nashville, Tennessee.

DEAL STATS #
Overall 11 of 17
Sector (Information Technology) 10 of 14
Type (Add-on Acquisition) 11 of 17
State (California) 2 of 2
Country (United States) 11 of 17
Year (2016) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-19 Bill & Pay

Minneapolis, Minnesota, United States

Bill & Pay is a comprehensive invoicing and payment software solution for businesses that works with any merchant account to accept checking account, credit card and PayPal payments online.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-01 CSC Links

United States

CSC Links LLC is a provider of payment solutions and methodologies centered around vertical markets, specifically in the healthcare and non-profit verticals.

Buy -
Mergr

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