- Payments technology company Fiserv Inc FISV inked an agreement to acquire payments technology provider Pineapple Payments from PSG equity firm.
- The financial terms of the deal were not disclosed.
- Pineapple will join Fiserv’s Global Business Solutions division as part of the Partner Solutions business unit.
- Pineapple completed seven acquisitions after partnering with PSG in 2017.
- Pineapple’s arrangement will offer simple, secure, and scalable payment solutions to its merchants, as per CEO Brian Shanahan.
- Fiserv held cash and cash equivalents of $906 million as of Dec. 31, 2020.
- Price action: FISV shares are trading higher by 1.22% at $122.22 in the premarket session on the last check Wednesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
Fintech Focus Newsletter
Your update on what’s going on in the Fintech space. Keep up-to-date with news, valuations, mergers, funding, and events. Sign up today!