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Nmi Acquires Iris Crm, Expanding Deeper In The Commerce Value-Chain

Jan 18, 2022•almost 4 years ago

Acquiring Company

NMI

Acquired Company

IRIS CRM

SchaumburgPaymentsFinancial ServicesMobileSoftwareFinancial ServicesSoftwarePayments

Description

To meet increased demand for full commerce enablement solutions, NMI and IRIS CRM’s joint offerings better enable ISO, ISV, bank and fintech partners

Company Information

Company

NMI

Location

1450 American Ln

Schaumburg, Illinois, United States

About

NMI is a leading global payment enablement platform, processing more than $165 billion in payments annually. We enable payments for over 3,000 partners and over 255,000 merchants around the world and across the entire commerce ecosystem: online, in-app, mobile, in-store, unattended and whatever’s next. We’re constantly innovating in order to power the next era of payments, building in the latest technology so ISVs, ISOs, banks and fintech innovators can focus on what they do best. NMI has offices in the US and UK and serves global customers.

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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