Add-on Acquisition • Software

Paystone Acquires Ackroo

On December 12, 2024, Paystone acquired software company Ackroo for 21M CAD

Acquisition Context

This is Paystone’s 2nd transaction in the Software sector.
This is Paystone’s largest (disclosed) transaction.
This is Paystone’s 3rd transaction in Canada.
This is Paystone’s 1st transaction in Ontario.

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M&A Deal Summary
Date	December 12, 2024
Target	Ackroo
Sector	Software
Buyer(s)	Paystone
Deal Type	Add-on Acquisition
Deal Value	21M CAD
Advisor(s)	Paradigm Capital (Financial) Cassels (Legal)

Target Company

Ackroo

Hamilton, Ontario, Canada

Ackroo is a gift card, loyalty and rewards technology and services provider. Ackroo’s web-based solutions provide the power of a massively scalable software platform in a lightweight online tool that works with existing point-of-sale equipment, making it easy and affordable for businesses to launch gift card & loyalty programs that deliver immediate return on investment. Ackroo was incorporated in 2012 and is based in Hamilton, Ontario.

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Buyer Overview 1

Buyer

Paystone

London, Ontario, Canada

Category	Company
Founded	2009
Sector	Financial Services
Employees	150

DESCRIPTION

Paystone is an MSP/ISO providing a broad suite of payment solutions, including customer engagement software, payment terminals, gift card and loyalty programs, virtual terminals, and e-commerce payment capabilities for businesses. Paystone was formed in 2009 and is based in London, Ontario.

Deal Context for Buyer	#
Overall	4 of 4
Sector: Software	2 of 2
Type: Add-on Acquisition	4 of 4
State: Ontario	1 of 1
Country: Canada	3 of 3
Year: 2024	1 of 1
Size (of disclosed)	1 of 1

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2022-01-26	CPS New York, New York, United States CPS is a provider of Canadian merchant services, which includes Credit Card and Interac Processing, Gift Card and Loyalty Programs, and Business Cash Advance. CPS is based in New York City.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2022-01-26

CPS

New York, New York, United States

CPS is a provider of Canadian merchant services, which includes Credit Card and Interac Processing, Gift Card and Loyalty Programs, and Business Cash Advance. CPS is based in New York City.

Buy

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