Add-on Acquisition • Information Technology

Payroc Acquires Strategic Payment Systems

On August 10, 2020, Payroc acquired information technology company Strategic Payment Systems

Acquisition Context
  • This is Payroc’s 2nd transaction in the Information Technology sector.
  • This is Payroc’s 5th transaction in the United States.
  • This is Payroc’s 1st transaction in Massachusetts.

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M&A Deal Summary

Date August 10, 2020
Target Strategic Payment Systems
Sector Information Technology
Buyer(s) Payroc
Deal Type Add-on Acquisition
Advisor(s) Estabrook Advisors (Financial)

Target Company

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.
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Buyer Overview 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 Context for Buyer #
Overall 5 of 20
Sector: Information Technology 2 of 7
Type: Add-on Acquisition 5 of 19
State: Massachusetts 1 of 2
Country: United States 5 of 17
Year: 2020 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-22 Gateway Payments

Vineland, New Jersey, United States

Gateway Payments LLC is a provider of payment gateway services. Gateway Payments is based in Vineland, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-14 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.

Buy -