Announced
Financials
Tags
payments
Private
Single Bidder
Friendly
Pending
Acquisition
Majority
United States
Payments / Commerce
Domestic
Synopsis
Tyler Technologies, a digital government solutions and payments provider, agreed to acquire Rapid Financial Solutions, a provider of reliable, scalable, and secure payments, for $68m. “As a leader in the payments solutions market for 20 years, we understand our clients’ challenges when it comes to disbursing payments. This includes required paperwork, processing paper checks, and the ability to provide immediate access of funds to recipients. The acquisition of Rapid allows us to offer our public sector clients a proven and trusted payments platform which makes disbursing these payments easy, quick, and secure," Elizabeth Proudfit, Tyler President.
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