M&A Deal Summary

Stax Acquires BlockChyp

On October 1, 2024, Stax acquired information technology company BlockChyp

Acquisition Highlights
  • This is Stax’s 2nd transaction in the Information Technology sector.
  • This is Stax’s 2nd transaction in the United States.
  • This is Stax’s 1st transaction in Utah.

M&A Deal Summary
Date 2024-10-01
Target BlockChyp
Sector Information Technology
Buyer(s) Stax
Deal Type Add-on Acquisition
Advisor(s) Wellesley Hills Financial LLC (Financial)

Target

BlockChyp

Lindon, Utah, United States
BlockChyp is a payments technology company that delivers leading payment gateway solutions and simplified APIs, helping merchants streamline their payment processing and customer onboarding experiences. It specializes in retail payments and innovative payment solutions for businesses and software providers. BlockChyp is based in Lindon, Utah.

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Buyer(S) 1

Buyer

Stax

Orlando, Florida, United States
Category Company
Founded 2014
Sector Information Technology
DESCRIPTION

Stax is a payment technology provider. The Company's platform provides merchants and SaaS businesses the ability to manage their payment ecosystem, analyze data, and simplify their customer experience through fully integrated solutions. Stax was founded in 2014 and is based in Orlando, Florida.

DEAL STATS #
Overall 2 of 2
Sector (Information Technology) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Utah) 1 of 1
Country (United States) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-17 apps

Fountain Valley, California, United States

apps is a full-service acquirer offering secure connectivity for card-present transactions and online payment gateways for all e-commerce, mobile and virtual transactions. apps is based in Fountain Valley, California.

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