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  6. Quisitive Acquires BankCard USA

M&A Deal Summary

Quisitive Acquires BankCard USA

On March 29, 2021, Quisitive acquired financial services company BankCard USA for 100M USD

Acquisition Highlights
  • This is Quisitive’s 1st transaction in the Financial Services sector.
  • This is Quisitive’s largest (disclosed) transaction.
  • This is Quisitive’s 2nd transaction in the United States.
  • This is Quisitive’s 1st transaction in California.

M&A Deal Summary
Date 2021-03-29
Target BankCard USA
Sector Financial Services
Buyer(s) Quisitive
Deal Type Add-on Acquisition
Deal Value 100M USD
Advisor(s) Stikeman Elliott (Legal)

Target

BankCard USA

Westlake Village, California, United States
BankCard USA is an independent sales organization/merchant services provider that offers all-in-one payment processing solutions to merchants. BankCard has approximately 7,000 merchants on its payment processing platform and is rapidly growing its software solution called AgeChecker, which provides a secure and trusted technology for e-commerce transactions that require independent online age verification. BankCard USA was founded in 1993 and is based in Westlake Village, California.

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Buyer(S) 1

Buyer

Quisitive

Ottawa, Ontario, Canada
Category Company
Sector Information Technology
Revenue 121M CAD (2023)
DESCRIPTION

Quisitive is a global Microsoft partner leveraging the power of the Microsoft cloud platform and artificial intelligence, alongside custom and proprietary technologies, to drive transformative outcomes for its customers. The Company focuses on helping enterprises across industries leverage the Microsoft platform to adopt, innovate, and thrive in the era of AI. Quisitive is based in Ottawa, Ontario.

DEAL STATS #
Overall 2 of 3
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 2 of 3
State (California) 1 of 1
Country (United States) 2 of 3
Year (2021) 2 of 3
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-22 Mazik Global

Park Ridge, Illinois, United States

Mazik Global is an independent software vendor (ISV) that helps companies deploy Microsoft CRM, Cloud, and ERP solutions to the healthcare, education, and manufacturing industries. Mazik Global is based in Park Ridge, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-08 Catapult System

Austin, Texas, United States

Catapult Systems is an IT consulting company offering a full spectrum of services including application development, software integration, infrastructure, managed services, user-centered design solutions, and enterprise mobile applications. Catapult System was founded in 1993 and is based in Austin, Texas.

Buy $52M
Mergr

Product

Company

Legal