M&A Deal Summary

Pacific Premier Bank Acquires ARDA AI

On May 6, 2020, Pacific Premier Bank acquired software company ARDA AI

Acquisition Highlights
  • This is Pacific Premier Bank’s 1st transaction in the Software sector.
  • This is Pacific Premier Bank’s 1st transaction in New Zealand.

M&A Deal Summary

Date 2020-05-06
Target ARDA AI
Sector Software
Buyer(s) Pacific Premier Bank
Deal Type Add-on Acquisition

Target

ARDA AI

Auckland, New Zealand
Performance Lab is a coaching platform that pioneered the use of wearable sensors in the areas of exercise and training. The company is a developer of proprietary algorithms and software platforms for fitness and health applications. Performance Lab was formed in 1987 and is based in Auckland, New Zealand.

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Buyer(S) 1

Buyer

Pacific Premier Bank

Irvine, California, United States

Category Company
Founded 1983
Sector Financial Services
Revenue 568M USD (2024)
DESCRIPTION

Pacific Premier Bank is a financial services company that accepts deposit products, including checking, money market, savings accounts, and certificates of deposit. Pacific Premier Bank was founded in 1983 and is based in Irvine, California.


DEAL STATS #
Overall 12 of 12
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 12 of 12
Country: New Zealand M&A 1 of 1
Year: 2020 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-03 Opus Bank

Irvine, California, United States

Opus Bank offers a suite of treasury and cash management and depository solutions, and a wide range of loan products, including commercial, healthcare, media and entertainment, corporate finance, multifamily residential, commercial real estate and structured finance, and is an SBA preferred lender. Opus Bank was founded in 1982 and is based in Irvine, California.

Buy $1.0B