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Nuvei Completes $1.3 Billion Acquisition Of Paya

Feb 22, 2023•almost 3 years ago

Acquiring Company

Nuvei

Acquired Company

Paya

MontrealFintechPaymentsFinancial ServicesOtherSoftwareFinancial ServicesProfessional Services

Description

Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, announces today that it has completed its acquisition of Paya Holdings Inc. (“Paya”) (Nasdaq: PAYA). Paya amplifies Nuvei’s existing growth strategy and expands its reach into new underpenetrated and non-cyclical verticals where Nuvei’s proprietary technology is well positioned to accelerate customer growth.

Company Information

Company

Nuvei

Location

Montreal, Quebec, Canada

About

Nuvei Corporation is one of the most advanced technology providers in the global payments industry, helping to accelerate the growth of its customers and partners around the world through a modular, flexible, and scalable solution. Nuvei's global reach extends to more than 200 markets across the globe, with local acquiring in 50 markets and connectivity to 680 local and alternative payment methods.

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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