![]() ![]() Their bread and butter has been around check processing," McKee said in an interview. ![]() " is a very old company, and they've been very focused on the legacy side of payments. Private equity firm Thoma Bravo LLC's buyout of cloud-based financial software provider Calypso Technology Inc., agreed in March, was the only financial technology deal during the period that crossed the $1 billion mark, at $3.75 billion.įor Minnesota-based Deluxe Corp., founded in 1915, its acquisition of First American Payment Systems is a bid to move with the times, according to Jordan McKee, research director at 451 Research, a part of S&P Global Market Intelligence. for $925 million, and Greek bank Piraeus Financial Holdings SA sold off its merchant acquiring business to U.S.-based payments company Euronet Worldwide Inc. acquired real estate payments specialist Zego Inc. Deluxe Corp., a financial services stalwart perhaps best-known for processing paper checks, bought global payment tech firm First American Payment Systems LP for $960 million, while Global Payments Inc. A trend for consolidation in the payments market continued between March and June, with a flurry of sizeable deals taking place. ![]()
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