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Bluefin Acquires Tecs To Combine Payments And Data Security Solutions

Nov 01, 2022•about 3 years ago

Acquiring Company

Bluefin

Acquired Company

TECS

AtlantaSoftwareFintechInformation TechnologyFinancial ServicesSoftwarePaymentsE CommerceFintechMobile Payments

Description

Bluefin, the recognized integrated payments leader in PCI-validated encryption and tokenization technologies that protect payments and sensitive data, today announced the acquisition of TECS Payment Systems, a global provider of omnichannel payment solutions to acquirers, payment service providers and POS system providers.

Company Information

Company

Bluefin

Location

Atlanta, Georgia, United States

About

Bluefin is the recognized integrated payments leader in encryption and tokenization technologies to protect payments and sensitive data. Bluefin’s product suite includes solutions for contactless face-to-face, call center, mobile, Ecommerce and unattended payments and data in the healthcare, higher education, government and non-profit industries. The company’s 200 global partners serve 20,000 enterprise and software clients operating in 47 countries. For more information, visit https://www.bluefin.com/.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed