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New Deal


Announced

Completed

Fortis Payment Systems completed the acquisition of OmniFund.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Private

Domestic

Payments / Commerce

payment platforms

United States

Friendly

Completed

payment processing

Single Bidder

Acquisition

Synopsis

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Fortis Payment Systems, a payment technology company, completed the acquisition of OmniFund, a payment solutions provider. Financial terms were not disclosed. "This represents an exciting expansion of our platform. OmniFund has developed a full technology stack with additional commerce enablement features that will make our unified offering unmatched in our target markets. The addition of Stacy and her team to our family is exciting as they share our passion for making software partners better through technology and amazing experiences," Greg Cohen, FortisPay CEO.

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