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  6. PSCU Acquires Juniper Payments

M&A Deal Summary

PSCU Acquires Juniper Payments

On October 10, 2022, PSCU acquired financial services company Juniper Payments from PITECO

Acquisition Highlights
  • This is PSCU’s 1st transaction in the Financial Services sector.
  • This is PSCU’s 1st transaction in the United States.
  • This is PSCU’s 1st transaction in Kansas.

M&A Deal Summary
Date 2022-10-10
Target Juniper Payments
Sector Financial Services
Buyer(s) PSCU
Sellers(s) PITECO
Deal Type Divestiture

Target

Juniper Payments

Wichita, Kansas, United States
Juniper Payments is a cloud-based non-bank third-party provider of inter-bank transaction and reporting systems in the United States. Juniper Payments serves financial institutions and correspondents through an automated banking ecosystem. Juniper Payments is based in Wichita, Kansas.

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Buyer(S) 1

Buyer

PSCU

St. Petersburg, Florida, United States
Category Company
Sector Financial Services
DESCRIPTION

PSCU is a premier payments CUSO partner with credit unions to help them grow and meet evolving member demands. Leveraging digital technology, PSCU supports more than 1,800 financial institutions, representing more than 6.9 billion transactions annually. PSCU is based in St. Petersburg, Florida.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Divestiture) 1 of 1
State (Kansas) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1

Seller(S) 1

SELLER

PITECO

Milano, Italy
Category Company
Founded 1980
Sector Software
Employees2,500
DESCRIPTION

PITECO S.p.A. is an important Italian player in design, development and implementation of Solutions for Treasury, Finance and Financial Planning Management. Customer community, wide functional coverage, number of resources, significant range of services remain our factors of excellence. PITECO collects the most of investments engaged by companies in IT products and services dedicated to manage Treasury business processes. PITECO S.p.A. established in 1980, since than Italian and international corporates in all industry areas continue to renew their Piteco choice, affirming the quality of its solutions and the value of its services. PITECO serves more than 2.500 companies worldwide.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Divestiture) 1 of 1
State (Kansas) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-02 Myrios S.R.L.

Torino, Italy

Myrios S.R.L. is a consultancy, design and implementation of high value added IT solutions dedicated to the finance sector of banks, insurance companies, industry and public administration. Compared to the existing offerings on the market we are characterized by the specialized skills that we provide.

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