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Ackroo Inc. completes acquisition of Simpliconnect to enhance its loyalty marketing services

PRIVATEMar 04, 2024

Acquiring Company

Ackroo Inc

Acquired Company

Simpliconnect

Stoney CreekBloomingtonSoftwareInformation TechnologySoftwareSaaS

Description

Ackroo Inc., a gift card, loyalty marketing, payments and point-of-sale technology consolidator, has successfully acquired Simpliconnect, a US based loyalty marketing provider focused on the convenience and petroleum merchant segment. The acquisition has resulted in operational efficiencies, product integration, and financial gains for Ackroo Inc., positioning them for further growth and expansion in the US market.

Quick answer

Ackroo Inc is acquiring Simpliconnect, announced March 4, 2024. Ackroo Inc is based in Stoney Creek, British Columbia, Canada.

How much did Ackroo Inc pay for Simpliconnect?
The deal value was not disclosed.
What does Ackroo Inc do?
Through vendor and industry consolidation, Ackroo provides marketing, payment and point-of-sale solutions for merchants of all sizes.
Where are Ackroo Inc and Simpliconnect based?
Ackroo Inc is based in Stoney Creek, British Columbia, Canada. Simpliconnect is based in Bloomington, Minnesota, United States.

Source: Fundz verified event record.

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Company Information

Company

Ackroo Inc

Location

Stoney Creek, British Columbia, Canada

About

Through vendor and industry consolidation, Ackroo provides marketing, payment and point-of-sale solutions for merchants of all sizes. Ackroo’s self-serve, data driven, cloud-based marketing platform helps merchants in-store and online process and manage loyalty, gift card and promotional transactions at the point of sale in order to attract, engage and grow their customers while increasing their revenues and margins. Ackroo’s payment services provide merchants with low cost payment processing options through some of the world’s largest payment technology and service providers. Ackroo’s hybrid management and point-of-sale solutions help manage and optimize the general operations for niche industry’s including golf, yacht, tennis clubs and more. All solutions are focused on helping to consolidate, simplify and improve the merchant marketing, payments and point-of sale ecosystem for their clients. Ackroo is headquartered in Hamilton, Ontario, Canada. For more information, visit: www.ackroo.com.

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Frequently asked

Who acquired Simpliconnect?

Simpliconnect was acquired by Ackroo Inc, based in Stoney Creek. The deal was reported on March 4, 2024. Through vendor and industry consolidation, Ackroo provides marketing, payment and point-of-sale solutions for merchants of all sizes. Ackroo Inc is privately held and operates in Software.

When did Ackroo Inc acquire Simpliconnect?

Ackroo Inc's acquisition of Simpliconnect was reported on March 4, 2024. Ackroo Inc., a gift card, loyalty marketing, payments and point-of-sale technology consolidator, has successfully acquired Simpliconnect, a US based loyalty marketing provider focused on the convenience and petroleum merchant segment. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Simpliconnect do?

Simpliconnect connects businesses to their customers. We achieve this through customer engagement – building an emotional connection between your customer and your brand. It is privately held, operating in Information Technology, and is based in Bloomington.

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