M&A Deal Summary

NXGEN International and Payscape Acquire BluePay Canada ULC

On October 25, 2019, NXGEN International and Payscape acquired information technology company BluePay Canada ULC from BluePay

Acquisition Highlights
  • This is NXGEN International’s 1st and Payscape’s 1st transaction in the Information Technology sector.
  • This is NXGEN International’s 1st and Payscape’s 1st transaction in Canada.
  • This is NXGEN International’s 1st and Payscape’s 1st transaction in Ontario.

M&A Deal Summary

Date 2019-10-25
Target BluePay Canada ULC
Sector Information Technology
Buyer(s) NXGEN International
Payscape
Sellers(s) BluePay
Deal Type Divestiture

Target

BluePay Canada ULC

Georgetown, Ontario, Canada
BluePay Canada ULC is a provider of technology-enabled payment processing for merchants in the United States and Canada. Through physical POS, online, and mobile interfaces, as well as CRM and ERP software integrations, BluePay processes business-to-consumer and business-to-business payments while providing real-time settlement, reporting, and reconciliation, along with robust security features such as tokenization and point-to-point encryption.

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Buyer(S) 2

Buyer

NXGEN International

Whitefish, Montana, United States

Category Company
Founded 1999
Sector Internet Software and Services
DESCRIPTION

NXGEN Payment Services, Inc. is a merchant service provider (MSP) serving over 20,000 merchants in multiple countries. NXGEN Payment Services was founded in 1999 and is based in Whitefish, Montana.


DEAL STATS #
Overall 3 of 3
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2019 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-25 Payroc

Tinley Park, Illinois, United States

Payroc LLC is a provider of an online platform for merchants with anytime, anywhere payment solutions. The company transparent pricing clarity and developing personal relationships while delivering exceptional technology. Payroc services and supports more than 10,000 merchants throughout North America, providing stability in payments by safely and securely processing over $3 billion in annual charge volume.

Buy -
Buyer

Payscape

Atlanta, Georgia, United States

Category Company
Founded 2004
Sector Information Technology
DESCRIPTION

Payscape is a financial technology provider dedicated to making it simple for business owners to collect money.


DEAL STATS #
Overall 3 of 3
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2019 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-25 Payroc

Tinley Park, Illinois, United States

Payroc LLC is a provider of an online platform for merchants with anytime, anywhere payment solutions. The company transparent pricing clarity and developing personal relationships while delivering exceptional technology. Payroc services and supports more than 10,000 merchants throughout North America, providing stability in payments by safely and securely processing over $3 billion in annual charge volume.

Buy -

Seller(S) 1

SELLER

BluePay

Naperville, Illinois, United States

Category Company
Sector Financial Services
DESCRIPTION

BluePay is a provider of technology-enabled credit card payment processing services for enterprise, small and medium-sized businesses in the United States and Canada. BluePay Processing is based in Naperville, Illinois.


DEAL STATS #
Overall 2 of 2
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2019 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-14 Billhighway

Troy, Michigan, United States

Billhighway is a provider of integrated software and payment solutions to membership-based organizations. The company provides SaaS-based accounting and transaction processing services to MBOs such as fraternities, sororities, unions, and associations. Billhighway was founded in 1999 and is based in Troy, Michigan.

Sell -