M&A Deal Summary

Pineapple Payments Acquires TRANSAX

On August 15, 2018, Pineapple Payments acquired software company TRANSAX

Acquisition Highlights
  • This is Pineapple Payments’ 1st transaction in the Software sector.
  • This is Pineapple Payments’ 3rd transaction in the United States.
  • This is Pineapple Payments’ 2nd transaction in Illinois.

M&A Deal Summary

Date 2018-08-15
Target TRANSAX
Sector Software
Buyer(s) Pineapple Payments
Deal Type Add-on Acquisition

Target

TRANSAX

Rolling Meadows, Illinois, United States
TRANSAX, Inc. is a payments focused software company that offers a full service payment gateway and other omni-channel payment enablement tools for merchants and integrated software providers. TRANSAX, Inc. was founded in 2006 and is based in Rolling Meadows, Illinois.

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Buyer(S) 1

Buyer

Pineapple Payments

Pittsburgh, Pennsylvania, United States

Category Company
Founded 2016
Sector Information Technology
DESCRIPTION

Pineapple Payments is a payment processing technology company that provides omni-channel payment acceptance tools for merchants of all shapes and sizes, from startups to large scale enterprises. Pineapple Payments brings versatile payment enablement technology and payment concierge services to merchants of all sizes in an ever-changing payment processing landscape. Pineapple Payments was founded in 2016 and is based in Pittsburgh, Pennsylvania.


DEAL STATS #
Overall 3 of 3
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 3
State: Illinois M&A 2 of 2
Country: United States M&A 3 of 3
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-27 Payline Data Services

Chicago, Illinois, United States

Payline Data Services LLC is a full-service payment solutions brings versatile payment enablement technology and concierge services to merchants across the B2B, B2G, and Integrated Software markets. Today, Payline serves nearly 10,000 merchants and processes $2 Billion in annual volume. In 2017, Payline was honored with a second-consecutive year on Inc. Magazine’s 500 Fastest Growing Companies list. Headquartered in Chicago, IL, Payline is built on a foundation of providing opportunities for employees and customers to achieve their greatest potential and giving to those in need.

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