M&A Deal Summary

PDI Technologies Acquires ZipLine

On June 18, 2020, PDI Technologies acquired information technology company ZipLine

Acquisition Highlights
  • This is PDI Technologies’ 4th transaction in the Information Technology sector.
  • This is PDI Technologies’ 13th transaction in the United States.
  • This is PDI Technologies’ 1st transaction in Maine.

M&A Deal Summary

Date 2020-06-18
Target ZipLine
Sector Information Technology
Buyer(s) PDI Technologies
Deal Type Add-on Acquisition
Advisor(s) Cowen (Financial)

Target

ZipLine

Portland, Maine, United States
ZipLine, Inc. is a provider of mobile payment technology services. ZipLine processes over six million transactions a month for retailers like Circle K, Cumberland Farms, Irving Oil, Giant Eagle (GetGo), and Spinx. ZipLine was founded in 2004 and is based in Portland, Maine.

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Buyer(S) 1

Buyer

PDI Technologies

Alpharetta, Georgia, United States

Category Company
Founded 1983
Sector Software
DESCRIPTION

PDI Technologies is a provider of enterprise-class retail automation software to convenience store retailers and wholesale petroleum marketers. PDI develops, sells and supports a software solution for managing back-office and day-to-day management processes such as accounting, product pricing, inventory, fuel purchasing, card processing and employee scheduling for retail convenience store and wholesale fuel businesses. PDI Technologies was founded in 1983 and is based in Alpharetta, Georgia.


DEAL STATS #
Overall 15 of 28
Sector: Information Technology M&A 4 of 8
Type: Add-on Acquisition M&A Deals 13 of 22
State: Maine M&A 1 of 1
Country: United States M&A 13 of 23
Year: 2020 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-30 SwiftIQ

Chicago, Illinois, United States

SwiftIQ is a retail analytics and vendor collaboration platform enabling faster, smarter store merchandising and marketing decisions announced the beta version of a new promotion measurement solution in its flagship Retail Execution Cloud. SwiftIQ was established in 2011 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-08 Cybera

Franklin, Tennessee, United States

Cybera is a provider of security as a service virtual application networks to enterprises. Cybera solves the networking and security needs of highly distributed enterprises. Cybera was founded in 2001 and is based in Franklin, Tennessee.

Buy -