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New Deal


Announced

NMI to acquire Sphere's Commercial Division from Sphere.

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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United States

SMB retail customers

software

Domestic

Software

Acquisition

Pending

Friendly

Majority

Private

Single Bidder

Synopsis

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NMI, a full commerce enablement company, agreed to acquire Sphere's Commercial Division, a business unit serving primarily non-integrated SMB retail customers, from Sphere, a provider of end-to-end integrated payments and software. Financial terms were not disclosed. "Sphere's founding mission is to revolutionize software integration for smoother and more secure payment experiences in key industries," Andrew Rueff, Sphere Executive Chairman.

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