Payroc, a multi-national payments platform, agreed to acquire the merchant services business of i3 Verticals, a software company, for $440m. "i3 began as a payments business, and we built a top-of-the-line merchant of record payment platform bringing a wide variety of solutions to third-party partners and software providers. We do not part with this platform lightly, and we believe that it has a bright future. We are proud and appreciative of our team managing this business and are confident we have found them the right home," Greg Daily, i3 Verticals Chairman and CEO.