M&A Deal Summary

PNC Acquires Tempus Technologies

On January 27, 2021, PNC acquired information technology company Tempus Technologies

Acquisition Highlights
  • This is PNC’s 1st transaction in the Information Technology sector.
  • This is PNC’s 16th transaction in the United States.
  • This is PNC’s 1st transaction in Indiana.

M&A Deal Summary

Date 2021-01-27
Target Tempus Technologies
Sector Information Technology
Buyer(s) PNC
Deal Type Add-on Acquisition

Target

Tempus Technologies

Auburn, Indiana, United States
Tempus Technologies, Inc. is a payment gateway provider that delivers secure and innovative payment-processing solutions for businesses of all sizes. Tempus Technologies was founded in 1987 and is based in Auburn, Indiana.

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Buyer(S) 1

Buyer

PNC

Pittsburgh, Pennsylvania, United States

Category Company
Founded 1852
Sector Financial Services
Employees53,686
Revenue 20.8B USD (2024)
DESCRIPTION
PNC's corporate headquarters in downtown Pittsburgh, Pennsylvania.
PNC's corporate headquarters in downtown Pittsburgh, Pennsylvania.

PNC is a diversified financial services organizations providing consumer and business banking; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management; asset management and global fund services. PNC was formed in 1922 and is based in Pittsburgh, Pennsylvania. PNC was founded in 1852 and is based in Pittsburgh, Pennsylvania.


DEAL STATS #
Overall 16 of 19
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 13 of 16
State: Indiana M&A 1 of 1
Country: United States M&A 16 of 19
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-16 BBVA USA Bancshares

Houston, Texas, United States

BBVA USA Bancshares, with $104 billion in assets and headquartered in Houston, Texas, provides commercial and retail banking services through its banking subsidiary BBVA USA and operates 637 branches in Texas, Alabama, Arizona, California, Florida, Colorado and New Mexico.

Buy $11.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-26 Linga POS

Naples, Florida, United States

Linga POS is a point of sale (POS) and payments solutions firm providing cloud-based restaurant operating system. Linga POS is based in Naples, Florida.

Buy -