Announced
Completed
Financials
Tags
Single Bidder
Private Equity
Majority
Payments / Commerce
Cross Border
e-payment solutions
Private
United States
Acquisition
Completed
Friendly
Synopsis
Opn, an one-stop payments solutions company, completed the acquisition of MerchantE, an end-to-end payments and commerce platform, from Integrum, an investment firm focused on partnering with technology-enabled services companies. Financial terms were not disclosed. "While we continue to see tremendous opportunity to continue building and growing the MerchantE platform, we and our management team partners believe that joining with Opn presents a compelling opportunity to accelerate the Company's growth and realize unique synergies. Given current market conditions and having made substantial progress against our value creation plan, we determined that this is the right time to exit our investment in MerchantE," Ursula Burns and Tagar Olson, Integrum co-founders.
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