ATLANTA--(BUSINESS WIRE)--Realtime Electronic Payments (REPAY), a full-service provider of
advanced payment technology products and electronic transaction
processing services for a variety of integrated end markets, announced
today that it has successfully completed the acquisition of PaidSuite,
an electronic payments provider to the Accounts Receivable Management
industry.
“This is a highly strategic acquisition. The deal expands our product
capabilities and enhances our integrations in the Accounts Receivable
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Management industry, enabling us to better serve existing and
prospective customers,” said John Morris, Chief Executive Officer and
Co-Founder of REPAY. “Our partnership with PaidSuite positions REPAY for
continued growth as we remain focused on strategic opportunities in the
space. We are impressed with the quality of PaidSuite’s people and look
forward to welcoming them to the REPAY team.”
Headquartered in Scottsdale, Arizona, PaidSuite provides a robust suite
of omni-channel payment capabilities for card and ACH transactions.
PaidSuite’s flexible, integrated product offering allows the company to
develop customized solutions to meet the unique needs of each customer.
The transaction compliments REPAY’s strong organic growth and supports
the Company’s dedication to creating customized solutions for customers
in a variety of industries. REPAY will continue evaluating opportunities
for additional growth through potential add-on acquisitions.
Terms of the transaction were not disclosed.
Corsair Capital LLC, one of the longest-standing private equity firms
focused on the financial services industry, acquired a control stake in
REPAY in 2016.
About REPAY
Established in 2006, Realtime Electronic Payments (REPAY) is a
full-service provider of electronic transaction processing services for
a variety of integrated end markets, offering a suite of advanced
payment technology products that include credit and debit cards, ACH
processing, consumer-facing payment portals, bank account verification
and electronic bill payment. For more information, visit www.repayonline.com.
About PaidSuite
PaidSuite is a comprehensive electronic payments provider to a variety
of end markets, including the Accounts Receivable Management industry.
Online payments, recurring billing, and delinquent account collections
are all streamlined by PaidSuite’s integrated solutions. PaidSuite has
helped over 1,500 organizations realize value via improved payment
capabilities. For more information, visit www.paidsuite.com.
Contacts
Media:
Sard Verbinnen & Co
Matt Benson / Danya Al-Qattan
212-687-8080