M&A Deal Summary

NCR Voyix Acquires JetPay

On October 22, 2018, NCR Voyix acquired internet software and services company JetPay from Flexpoint Ford for 184M USD

Acquisition Highlights
  • This is NCR Voyix’s 5th transaction in the Internet Software and Services sector.
  • This is NCR Voyix’s 6th largest (disclosed) transaction.
  • This is NCR Voyix’s 14th transaction in the United States.
  • This is NCR Voyix’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2018-10-22
Target JetPay
Sector Internet Software and Services
Buyer(s) NCR Voyix
Sellers(s) Flexpoint Ford
Deal Type Add-on Acquisition
Deal Value 184M USD
Advisor(s) Financial Technology Partners
FTP Securities LLC (FT Partners) (Financial)
Dechert (Legal)

Target

JetPay

Berwyn, Pennsylvania, United States
JetPay Corp. is a provider of payment services with solutions for credit card processing, payroll processing, and prepaid cards, all designed to meet our customers'specific business needs. JetPay was formed in 2012 and is based in Berwyn, Pennsylvania.

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Buyer(S) 1

Buyer

NCR Voyix

Atlanta, Georgia, United States

Category Company
Founded 1881
Sector Information Technology
Employees15,500
Revenue 3.8B USD (2023)
DESCRIPTION
NCR's corporate headquarters in Atlanta, Georgia.
NCR's corporate headquarters in Atlanta, Georgia.

NCR Voyix is a global technology company focused on providing an ATM and POS manufacturer. The company provides products and services that enable businesses to connect, interact and transact with their customers and enhance their customer relationships by addressing consumer demand for convenience, value and individual service. NCR Voyix was founded in 1881 and is based in Atlanta, Georgia.


DEAL STATS #
Overall 23 of 35
Sector (Internet Software and Services) 5 of 7
Type (Add-on Acquisition) 22 of 32
State (Pennsylvania) 1 of 1
Country (United States) 14 of 23
Year (2018) 1 of 2
Size (of disclosed) 6 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-27 Iconex

Duluth, Georgia, United States

Iconex LLC is a low-cost provider of paper receipt and differentiated label solutions essential to daily commerce. Iconex LLC was founded in 2015 and is based in Duluth, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-06 StopLift Checkout Vision Systems

Cambridge, Massachusetts, United States

StopLift, Inc. is a developer of software for loss prevention and mitigation solutions. StopLift is based in Cambridge, Massachusetts.

Buy -

Seller(S) 1

SELLER

Flexpoint Ford

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 7.8B USD
Size Mega
Type Sector Focused
DESCRIPTION

Flexpoint Ford is a private equity firm focused on investments in healthcare and financial services companies. Flexpoint prefers control based investments and looks to commit $50 to $500 million per transaction. The Firm is flexible when it comes to investment structure and asset class. Flexpoint Ford was formed in 2005 and is based in Chicago, Illinois.


DEAL STATS #
Overall 15 of 21
Sector (Internet Software and Services) 1 of 2
Type (Add-on Acquisition) 8 of 12
State (Pennsylvania) 1 of 1
Country (United States) 15 of 21
Year (2018) 3 of 3
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-19 MobilityWorks

Richfield, Ohio, United States

MobilityWorks is a provider of wheelchair accessible vehicles and other accessibility products. MobilityWorks offers adaptive vehicles and accessibility solutions to customers from over 90 locations across 31 states. MobilityWorks serves people with disabilities through wheelchair accessible minivans, full-size vans with lifts, and commercial fleet vehicles. MobilityWorks was founded in 1997 and is based in Richfield, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 Lime Light CRM

San Francisco, California, United States

Lime Light CRM, Inc. operates an electronic transaction gateway (i.e., data interchange) for transacting customer payments made to merchants via cards (credit cards, debit cards, prepaid cards, PayPal transactions, ACH, etc.). The Company focuses specifically on e-commerce payments made via mobile devices. Lime Light CRM was formed in 2008 and is based in San Francisco, California.

Buy -