Payroc completed the acquisition of the merchant services business of i3 Verticals for $440m.

Payroc, a multi-national payments platform, completed the acquisition of the merchant services business of i3 Verticals, a software company, for $440m. "We are thrilled that this transaction has closed. i3's merchant services business is an ideal fit for Payroc, and I am especially eager to meet those i3 team members and i3 partners who join us on our journey," Jim Oberman, Payroc CEO.