M&A Deal Summary

Payroc Acquires eConduit

On September 14, 2020, Payroc acquired internet software and services company eConduit

Acquisition Highlights
  • This is Payroc’s 4th transaction in the Internet Software and Services sector.
  • This is Payroc’s 6th transaction in the United States.
  • This is Payroc’s 3rd transaction in Illinois.

M&A Deal Summary

Date 2020-09-14
Target eConduit
Sector Internet Software and Services
Buyer(s) Payroc
Deal Type Add-on Acquisition

Target

eConduit

Hoffman Estates, Illinois, United States
eConduit is a SaaS Payment service providing integrated payment globally to any device globally. It is a technology provider that allows software companies the ability to enable their clients to accept complex EMV payments from a single, web-based API in over 11 countries. eConduit was formed in 2015 and is based in Hoffman Estates, Illinois.

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Buyer(S) 1

Buyer

Payroc

Tinley Park, Illinois, United States

Category Company
Founded 2003
Sector Internet Software and Services
DESCRIPTION

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.


DEAL STATS #
Overall 6 of 20
Sector: Internet Software and Services M&A 4 of 10
Type: Add-on Acquisition M&A Deals 6 of 19
State: Illinois M&A 3 of 3
Country: United States M&A 6 of 17
Year: 2020 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-10 Strategic Payment Systems

Canton, Massachusetts, United States

Strategic Payments Systems is a full-service provider of cost-effective payment services to merchants, sales offices, financial institutions, and associations. Strategic Payments Systems is headquartered in Canton, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-18 Bluestone Payments

Peachtree City, Georgia, United States

Bluestone Payments enables businesses to accept electronic payments from their customers. Electronic payments such as credit and debit cards are replacing cash and checks at a furious pace. Consumer demand for convenience dictates that savvy businesses accept all forms of payment, including credit and debit cards, electronic check, and gift and loyalty cards. Bluestone Payments can help you focus on serving your customers, and enable you to process payment transactions fast, accurately, and affordably.

Buy -