M&A Deal Summary

Shift4 Payments Acquires POSitouch

On February 6, 2018, Shift4 Payments acquired internet software and services company POSitouch

Acquisition Highlights
  • This is Shift4 Payments’ 2nd transaction in the Internet Software and Services sector.
  • This is Shift4 Payments’ 3rd transaction in the United States.
  • This is Shift4 Payments’ 1st transaction in Rhode Island.

M&A Deal Summary
Date 2018-02-06
Target POSitouch
Sector Internet Software and Services
Buyer(s) Shift4 Payments
Deal Type Add-on Acquisition

Target

POSitouch

Warwick, Rhode Island, United States
POSitouch is a designer and developer of restaurant point-of-sale system software for the food service industry. POSitouch was established in 1985 and is based in Warwick, Rhode Island.

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Buyer(S) 1

Buyer

Shift4 Payments

Las Vegas, Nevada, United States
Category Company
Founded 1998
Sector Information Technology
DESCRIPTION

Shift4 Payments is an independent provider of secure payment processing solutions, powering the top point-of-sale and software providers across numerous verticals, including Food & Beverage, Hospitality, Lodging, Gaming, Retail, and e-Commerce. This includes the company’s Harbortouch, Restaurant Manager, POSitouch, and Future POS brands, as well as over 300 additional software integrations in virtually every industry. With eight offices across the U.S. and Europe, 7,000 sales partners, and three state-of-the-art data centers, the company securely processes over 1 billion transactions annually for nearly 200,000 businesses, representing over $100 billion in payments each year. Shift4 Payments was formed in 1998 and is based in Allentown, Pennsylvania.

DEAL STATS #
Overall 3 of 8
Sector (Internet Software and Services) 2 of 3
Type (Add-on Acquisition) 3 of 8
State (Rhode Island) 1 of 1
Country (United States) 3 of 7
Year (2018) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-06 Restaurant Manager

Silver Spring, Maryland, United States

Restaurant Manager is a designer of point-of-sale software solutions for the foodservice industry. Restaurant Manager was established in 1987 and is based in Silver Spring, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-20 CurvePay

Westbury, New York, United States

IRN Payment Systems is a provider of credit card processing services for tens of thousands of taxis across the U.S. IRN Payment Systems is based in Westbury, New York.

Buy -
Mergr

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