Tag Archives: M&A

InDebted, an Australian fintech company that made a splash in the United States earlier this year when it purchased Delta Outsource Group, has announced it has raised an additional $25 million of funding as it continues to expand across the globe. The $25 million will be used to help fund …

Transworld Systems Inc. (TSI) continued its acquisition binge last week, announcing on Friday evening that it had closed on its purchase of Account Control Technology Holdings, which had 20 offices and nearly 4,000 employees at one time. While terms of the deal were not disclosed, sources estimated that TSI paid …

For the second time in two months, Performant Financial Corp. has sold off some of its assets, this time selling parts of its business — including customer contracts — to Transworld Systems Inc. (TSI). Terms and specifics of the deal were not disclosed. Back in March, Performant announced it had …

Even the Hunstein ruling out of the Eleventh Circuit Court of Appeals will likely not be able to dampen enthusiasm for investors and others that are interested in merger and acquisition activity in the accounts receivable management industry, noted Michael Lamm of Corporate Advisory Solutions in the latest episode of …

Repay Holdings Corp., a payment processing company, announced yesterday that it is purchasing BillingTree, another payment processing company, for $503 million in cash and stock. Repay is looking to leverage BillingTree’s technology and presence in a number of verticals, including the accounts receivable management space, to help fuel the company’s …

In the process of announcing its financial report for the first quarter of 2021, FICO — the company behind the original credit score — announced it was divesting itself of its debt collection and recovery business, selling it to Constellation’s Jonas Software, an enterprise management software company. Terms of the …

The number of merger and acquisition deals in the accounts receivable management industry nearly doubled in the first quarter of 2021, compared with the same period last year, and the total deal value nearly increased by 20%, according to data released by Corporate Advisory Solutions, which released its comprehensive quarterly …

Profits for all of 2020 were up at Encore Capital Group even though it made less money in the fourth quarter than it did in the same period a year earlier, according to the company’s quarterly financials that were released yesterday. Even though the company spent 34% less on portfolio …

InDebted, an Australian company that made a huge splash this week by announcing its entry into the United States accounts receivable management industry through a huge acquisition and hiring some very well-known names to help guide it, raised nearly $8 million to fund its expansion. About two-thirds of the investment …

February 8, 2021 | Chicago, Illinois — Provana, a leading provider of best-in-class technology solutions is proud to announce its acquisition of Greenlight Office Solutions.  Greenlight, a boutique software development and consulting company is known for delivering custom automation solutions for companies within the ARM industry.  Provana, headquartered in Chicago, …