M&A Deal Summary

NMI Acquires IRIS CRM

On January 18, 2022, NMI acquired software company IRIS CRM

Acquisition Highlights
  • This is NMI’s 2nd transaction in the Software sector.
  • This is NMI’s 2nd transaction in the United States.
  • This is NMI’s 1st transaction in New York.

M&A Deal Summary

Date 2022-01-18
Target IRIS CRM
Sector Software
Buyer(s) NMI
Deal Type Add-on Acquisition
Advisor(s) Wellesley Hills Financial (Financial)
Gibson, Dunn & Crutcher (Legal)

Target

IRIS CRM

Brooklyn, New York, United States
IRIS CRM is a merchant services CRM designed specifically for the unique needs and challenges of independent sales organizations (ISOs), payment facilitators, and their merchants. IRIS CRM provides reporting on more than 355,000 active merchants each month and offers payment processing organizations the ability to handle all of their merchant acquisition, onboarding, support, and residual income calculations through a single platform. IRIS CRM was founded in 2010 and is based in Brooklyn, New York.

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Buyer(S) 1

Buyer

NMI

Schaumburg, Illinois, United States

Category Company
Founded 2001
Sector Information Technology
DESCRIPTION

NMI provides payments enablement technology that empowers ISOs, ISVs, VARs and payment facilitators to offer branded payment gateway services without building or maintaining their own technology. NMI enables critical payment functionality to affiliates and merchants with its white-labeled, security-focused, feature-rich, omni-channel platform. NMI was founded in 2001 and is based in Schaumburg, Illinois.


DEAL STATS #
Overall 3 of 5
Sector: Software M&A 2 of 3
Type: Add-on Acquisition M&A Deals 3 of 4
State: New York M&A 1 of 1
Country: United States M&A 2 of 3
Year: 2022 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-23 USAePay

Glendale, California, United States

USAePay is a payment gateway company with over 20 years of experience. Their payment gateway is used by nearly 90,000 merchants and supports most of the major platforms in the credit card industry and works with some of the leading check platforms. They work with most of the larger merchant service banks in the US and Canada. USAePay was founded in 1998 and is based in Glendale, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-06 Agreement Express

Vancouver, British Columbia, Canada

Agreement Express is a client onboarding automation provider for financial services. The platform allows wealth management and payment companies to deliver a consistent customer application, approval, and onboarding experience across their product offerings & channels. Agreement Express was founded in 2001 and is based in Vancouver, British Columbia.

Buy -