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Vericheck Announces Acquisition Of Achworks

Jan 06, 2022•almost 4 years ago

Acquiring Company

VeriCheck

Acquired Company

ACHWorks

PaymentsFinancial ServicesOtherSoftware

Description

VeriCheck, Inc. (VCI), a leading provider of payments services and financial technology solutions, today announced the acquisition of Applied Payments, LLC, doing business as ACHWorks (ACHWorks), a technology company and Automated Clearing House (ACH) payment services provider. VCI will integrate ACHWorks' team and technologies to provide clients with a full spectrum of payments services and fintech solutions to help businesses grow.

Company Information

Company

VeriCheck

About

VeriCheck, Inc. is a secure, all-in-one payment processing solution for any size business. Whether processing at the point of sale, through a website, via fax, email, or even over the phone, VeriCheck helps businesses safely accept payments and manage transactions. By giving clients tools to handle all aspects of the payment process, VeriCheck simplifies what can otherwise be a frustrating part of business operations, while saving time, money, and resources. For more information, visit www.vericheck.com.

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