M&A Deal Summary

PayIt Acquires S3

On May 16, 2023, PayIt acquired information technology company S3 from PSG

Acquisition Highlights
  • This is PayIt’s 1st transaction in the Information Technology sector.
  • This is PayIt’s 1st transaction in the United States.
  • This is PayIt’s 1st transaction in Tennessee.

M&A Deal Summary
Date 2023-05-16
Target S3
Sector Information Technology
Buyer(s) PayIt
Sellers(s) PSG
Deal Type Add-on Acquisition

Target

S3

Nashville, Tennessee, United States
S3 is developing and delivering innovative licensing solutions that allow government agencies to automate their marketing, transactions and customer relations. S3 is a provider of business services and technology platforms for the outdoor recreation industry. S3 was founded in 2010 and is based in Nashville, Tennessee.

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Buyer(S) 1

Buyer

PayIt

Kansas, Missouri, United States
Category Company
Founded 2013
Sector Internet Software and Services
DESCRIPTION

PayIt with a digital platform brings speed and simplicity to residents’ interactions with government. Its digital-based service enables people to easily access essential government services or perform tasks such as renew motor vehicle registration and pay taxes from any device, anywhere. PayIt was founded in 2013 and is based in Kansas, Missouri.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Tennessee) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1

Seller(S) 1

SELLER

PSG

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2014
PE ASSETS 14.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

PSG is a growth equity investment firm focused on the software sector. The Firm looks to partner with software and technology-enabled service companies to capitalize on opportunities and accelerate growth. PSG looks to leverage its network and best practice knowledge developed from its history of investing, to implement and execute strategies on guiding companies to the next level. PSG was established in 2014 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 5 of 8
Sector (Information Technology) 1 of 2
Type (Add-on Acquisition) 2 of 5
State (Tennessee) 1 of 1
Country (United States) 4 of 6
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-04 Buxton

Fort Worth, Texas, United States

Buxton is a software-based customer analytics platform that uses demographic, psychographic and buying behavior data to help retail-related companies understand consumer behaviors in order to improve customer acquisition, customer relationship management, retail operations and site selection. Buxton was founded in 1994 and is based in Fort Worth, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-25 4me

Palo Alto, California, United States

4me is a complete service management platform, combines ITSM with ESM and SIAM capabilities, enabling all internal departments, such as IT, HR and Facilities, as well as externally managed service providers (MSPs), to work seamlessly with each other. 4me was founded in 2010 and is based in Palo Alto, California.

Buy -
Mergr

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