M&A Deal Summary

Payroc Acquires Iroquois Merchant Services

On April 4, 2022, Payroc acquired internet software and services company Iroquois Merchant Services

Acquisition Highlights
  • This is Payroc’s 8th transaction in the Internet Software and Services sector.
  • This is Payroc’s 13th transaction in the United States.
  • This is Payroc’s 1st transaction in Tennessee.

M&A Deal Summary
Date 2022-04-04
Target Iroquois Merchant Services
Sector Internet Software and Services
Buyer(s) Payroc
Deal Type Add-on Acquisition

Target

Iroquois Merchant Services

Nashville, Tennessee, United States
Iroquois Merchant Services is a provider of electronic payment processing services for businesses, government entities, non-profits, and more. Iroquois implements payment processing solutions creating efficiencies in the payment acceptance, reconciliation, and reporting processes. Iroquois Merchant Services is based in Nashville, Tennessee.

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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 13 of 18
Sector (Internet Software and Services) 8 of 9
Type (Add-on Acquisition) 13 of 17
State (Tennessee) 1 of 1
Country (United States) 13 of 16
Year (2022) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-13 East Commerce Solutions

East Providence, Rhode Island, United States

East Commerce Solutions is a merchant services provider, that offers a variety of merchant services solutions including credit card processing, hardware for mobile, NFC and EMV capable processing, software and E-Commerce solutions, POS systems, gift card programs, cash advance programs for working capital and payroll services. East Commerce Solutions was founded in 1994 and is based in East Providence, Rhode Island.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-21 Worldnet

Dublin, Ireland

Worldnet is an integrated payments gateway and platform designed for scale. The company's payment solutions and APIs help ISVs unify their unattended, in-store, online, and mobile payment experiences all in one place. It offers the flexibility, features, and partners that ISVs need to better serve their customers and solve their unique payment challenges. Worldnet was formed in 2007 and is based in Dublin, Ireland.

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