VersaPay Acquires DadeSystems

VersaPay is a provider of cloud-based invoice-to-cash solutions, enabling businesses to provide superior customer experience, get paid faster, streamline financial operations, and dramatically reduce DSO and costs. VersaPay ARC is the first platform to provide Customer-Centric AR™ with a customer self-service environment to view invoices online, collaborate on inquiries and disputes, and facilitate secure online payments (EFT/ACH and credit card). Businesses gain access to a suite of powerful tools that enable efficient collections, cash application and real-time insight into accounts receivable. VersaPay ARC automatically reconciles payments and account information through integrations with a wide range of ERPs and accounting software providers. VersaPay was founded in 2006 and is based in Miami, Florida.

Napier Park Financial Partners (NPFP) is the private equity arm of asset manager Napier Park Global Capital. NPFP primarily looks to back high-growth financial services companies. Specific areas of interest include payments, banking and lending, insurance and benefits, asset and wealth management, and broader business services and outsourcing. Napier Park Financial Partners is based in New York City.