M&A Deal Summary

Modica Group Acquires Papillon Technology

On April 1, 2016, Modica Group acquired internet software and services company Papillon Technology from Pushpay for 5M USD

Acquisition Highlights
  • This is Modica Group’s 1st transaction in the Internet Software and Services sector.
  • This is Modica Group’s largest (disclosed) transaction.
  • This is Modica Group’s 1st transaction in New Zealand.

M&A Deal Summary
Date 2016-04-01
Target Papillon Technology
Sector Internet Software and Services
Buyer(s) Modica Group
Sellers(s) Pushpay
Deal Type Divestiture
Deal Value 5M USD

Target

Papillon Technology

Wellington, New Zealand
Run The Red is a text messaging with core business applications using an SMS Gateway and facilitates personalised communication.

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Buyer(S) 1

Buyer

Modica Group

Wellington, New Zealand
Category Company
Founded 2006
Sector Internet Software and Services
DESCRIPTION

Modica Group is a software as a service company that provides mobile, ISP and hosting applications.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
Country (New Zealand) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Pushpay

Redmond, Washington, United States
Category Company
Founded 2011
Sector Internet Software and Services
Employees578
Revenue 203M AUD (2022)
DESCRIPTION

Pushpay is a provider of mobile commerce tools that facilitate non-point-of-sale payments between consumers and merchants. It also specialises in non-profit organisations and churches. Pushpa was founded in 2011 and is based in Redmond, Washington.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
Country (New Zealand) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-02 Papillon Technology

Wellington, New Zealand

Run The Red is a text messaging with core business applications using an SMS Gateway and facilitates personalised communication.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-23 Resi Media

Westminster, Colorado, United States

Resi Media is a technology company focused on improving communications within and between geographically broad organizations, and empowering them to better serve their audiences. Resi Media was founded in 2016 and is based in Westminster, Colorado.

Buy -
Mergr

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