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  6. XTM Acquires QRails

M&A Deal Summary

XTM Acquires QRails

On May 19, 2023, XTM acquired information technology company QRails

Acquisition Highlights
  • This is XTM’s 1st transaction in the Information Technology sector.
  • This is XTM’s 1st transaction in the United States.
  • This is XTM’s 1st transaction in Colorado.

M&A Deal Summary
Date 2023-05-19
Target QRails
Sector Information Technology
Buyer(s) XTM
Deal Type Add-on Acquisition

Target

QRails

Denver, Colorado, United States
QRails is a prepaid payments issuer-processor and one of the first vertically integrated providers of earned wage access (“EWA”) with operations currently in the United States and the UK. Its’ flagship product AnyDay is currently white-labeled for HR & payroll solution providers and is fully integrated into multiple payroll and time & attendance systems providing workers with real-time access to available wages. QRails is based in Denver, Colorado.

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Buyer(S) 1

Buyer

XTM

Toronto, Ontario, Canada
Category Company
Sector Marketing
DESCRIPTION

XTM, Inc. is a full-service agency its acts as an on-demand, outsourced marketing department for a few global 1000 companies, and provides advertising: creative and production; public relations; and social community management to a number of Canadian and US entrepreneurial and global 1000 companies.

DEAL STATS #
Overall 3 of 3
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 3
State: Colorado M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-13 Tiproll

Toronto, Ontario, Canada

Tiproll has developed and delivered a user-friendly and intuitive gratuity pooling distribution platform serving locations across North America. With hundreds of combinations, the platform can solve almost any labor-intensive tip-out calculation including percentage-based, a point system-based, employee specific, position specific, combinations of all, and more. Tiproll was formed in 2015 and is based in Toronto, Ontario.

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