Driving growth through ISVs was paramount this week as merchant acquirers continue to keep an eye on growing software providers in lucrative markets. Paya announced this Monday (Sept. 21st) their acquisition of The Payment Group (TPG), a provider of integrated payment solutions for municipal and government ISVs. As part of the acquisition, Paya will integrate TPG’s online billing and software applications into Paya Connect. This deal marks Paya’s second acquisition in the government and utility payments space and adds TPS’s more than 600 municipal courts and utilities to its portfolio. In addition, this deal comes on the heels of Paya’s intended merger with FinTech Acquisition Corp., which is expected to close in Q4 and will enlist the combined company on the NASDAQ.
In separate M&A news, Clearent has acquired field-service management ISV, Wintac, from Davisware LLC for an undisclosed sum. As part of this acquisition, Wintac will be integrated into Clearent’s FieldEdge solution, a wholly owned subsidiary of the company. With this acquisition of Wintac, Clearent aims to increase their presence in the mechanical contractor/field-services industry by further growing its FieldEdge solution through the added integration of Wintac.