Thoma Bravo equity investment firm Acquires Foundation Software

Cision PR Newswire | August 31, 2020

Thoma Bravo, a leading private equity investment firm focused on the software and technology-enabled services sectors, today announced the completion of its acquisition of Foundation Software, a leading provider of construction accounting software and payroll services for small- to mid-sized specialty contractors. Foundation Software's suite of pioneering solutions for the construction industry and dedication to excellent service have allowed the company to consistently grow market share and maintain a resilient customer base. Foundation Software is expected to leverage Thoma Bravo's capital and expertise in enterprise software solutions to continue growth and pursue further innovation across the company's platform.

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PAYMENTS

Paystone Acquires Canadian Payment Services, Making Paystone Canada’s Largest Bank Independent Payments Provider

Paystone | January 27, 2022

Paystone announces the acquisition of Canadian Payment Services (CPS), one of the fastest growing providers of Canadian merchant services. This acquisition is the sixth addition to Paystone’s burgeoning portfolio of acquisitions, having acquired five other businesses in the past two years including Montreal-based DataCandy and Vancouver-based NiceJob. “This is the largest acquisition we’ve made to date in relation to both new revenue and clients,” explains Tarique Al-Ansari, CEO at Paystone. “Additionally, we’re also excited to provide additional value to CPS merchants through Paystone’s proprietary product and service offerings.” In addition to providing payment processing services, Paystone offers a wide range of SaaS products including gift and loyalty, reputation marketing, and marketing automation. Over the years, Paystone has shown their great commitment to serve Canadian small and medium sized businesses. We are happy to turn our customer base to Paystone so they can continue to receive the highest level of customer care as well as be able to grow their business via new value added products proprietary to Paystone.” Simon Lobanov, Managing Director at CPS. With the acquisition of CPS, Paystone now services over 35,000 locations across Canada and the United States which collectively process over 10 billion dollars a year in bankcard volume. As Paystone continues to aggressively grow in service, offering, and revenue, the business is looking to add over 100 new employees by the end of 2022. About Paystone Paystone is a leading North American payment and software company redefining the way merchants engage their customers and grow their businesses. The company's seamlessly integrated suite of automated payment processing, customer loyalty, gift card solutions, and now reputation marketing, is used by brands such as Irving Oil, The Source, Global Pet Foods, Kernels Popcorn, and many of the MTY Food Group's restaurant brands. Paystone's solutions are used at over 35,000 locations across Canada and the United States which collectively process over 10 billion dollars a year in bankcard volume. The fintech company employs over 150 employees and serves as the technology partner of choice for hundreds of partners across North America. About Canadian Payment Services Canadian Payment Services (CPS) is one of the fastest growing providers of Canadian merchant services, which includes Credit Card and Interac Processing, Gift Card and Loyalty Programs, and Business Cash Advance. With over 55 years of combined experience in the merchant services industry, CPS has served over 10,000 merchants.

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PAYMENTS

Data Mynt Crypto Payment Gateway Now Live On Bitcoin Lightning Network

Financial asset, loan, Banks, Cryptocurrency, payments. | April 19, 2022

Data Mynt, the world's fastest growing cryptocurrency payment gateway, has launched support for its fourth major blockchain network in as many months, the Bitcoin Lightning Network. Data Mynt now facilitates seamless payments to and from all Lightning Network enabled wallets in addition to Polygon Network, Ethereum Mainnet, and Bitcoin network wallets and assets. Data Mynt merchants and partners, which are on schedule to number in the tens of thousands by the end of Q2 2022, now receive and send payments from all Lightning Network enabled wallets such as Cash App and Strike. Favored by nation states such as El Salvador and household brandnames including Twitter, PayPal and Whole Foods, Bitcoin is the world's most widely used digital asset. Data Mynt is on pace to be the global leader in crypto payments by supporting all major blockchains, all enabled wallets and their owners' crypto-of-choice. The Data Mynt gateway enables merchants, funds, and enterprises to expand their payment options for their crypto customers, investments, and partners. At the same time, it reduces payment processing costs and eliminates frictions such as chargebacks and crypto price volatility. Every day, Bitcoin is less about a store of value and, arguably, the currency-of-choice for day-to-day utility." Data Mynt CEO Alex Christian. The Lightning Network is the key to unlocking the user experience and scalability for BTC payments that the entire world was waiting for." "Data Mynt's leadership in adopting Lightning will help bring Bitcoin to the next billion people around the world." Elizabeth Stark, CEO and Co-Founder at Lightning Labs. About Data Mynt Data Mynt is a global crypto payment processing gateway. Its wallet, asset and blockchain-agnostic suite of solutions offer partners and merchants an omnichannel approach to receiving and sending on-chain crypto payments free from volatility, risks, and costs of traditional payment methods. The Data Mynt payment solution is also designed to streamline implementation via API, branded web page, iFrame and merchant app, while consistently delivering a seamless customer experience for hundreds of thousands of merchants. About Lightning Labs Lightning Labs is building the next generation of decentralized, resilient financial infrastructure. We believe systems based on cryptography, blockchains, and smart contracts will enhance financial cooperation around the world in unprecedented ways at scales both large and small. We have developed Lightning Network Daemon (lnd) the most advanced and most developer-friendly implementation of the Lightning Network protocol. Along with Neutrino, an open platform that enables users with mobile devices to conduct blockchain and Lightning Network transactions quickly and easily.

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CORE BANKING

Major Israeli Bank Turns to Stanchion for Secure Payment Environments and HSM Migrations

Major Israeli Bank | June 13, 2022

Stanchion Payment Solutions has successfully completed HSM migration for one of Israel’s top three banks. The bank has migrated from ARX hardware security modules (HSMs) to Futurex HSMs. HSMs power the bank’s secure payments environments such as managing the cryptographic key exchange for the bank’s ATM and kiosk networks. In addition to the core HSM replacement, the bank invested in remote touch devices that allow for secure remote management of the hardware, reducing the number of visits needed to secure data centre locations in-person. ARX had a successful market share in Israel of HSMs and had announced that it was ending support and maintenance for its product line as it exits the HSM market. This latest success represents the third live deployment and riskless migration from ARX HSMs to Futurex trusted platform, in the Israel market. The bank went through a rigorous RFP procurement process and chose Stanchion’s expertise and the market-leading Futurex HSM to manage the next generation of data encryption for their operations. Key factors in the decision were the platform’s rich user interface, relevant client base, and confidence in Stanchion to deliver a seamless migration. Stanchion Payment Solutions Ltd, a global payments solution provider, delivers world-class skills, solutions and services to institutions. Stanchion led the bid and delivery process to augment and support the bank’s in-house team to help with the migration to the modern, advanced payment security platform based on Futurex encryption technology. Stanchion brings extensive experience in both the payments and HSM environment and used this experience to help the bank with its smooth migration. Stanchion’s partner, Futurex, is one of the world’s leading providers of cryptographic technology and solutions for payment processing, card and mobile issuance, and advanced fintech solutions. The company offers an advanced, best-of-breed portfolio of HSM solutions that comply with all PCI and FIPS security standards. In today’s mission-critical, 24x7x365 payments environment, strong hardware-based cryptographic infrastructure remains a critical need for Israeli banks. Even more so with rapid growth in mobile initiated payments, electronic wallets and future contactless payments and open banking alternative payments methods, With a local entity registered in Tel-Aviv we are well positioned to help banks and payment providers with the full management of their HSM and public key encryption infrastructure, with the experience of many Futurex deployments and customers around the world.” Norman Frankel, Regional Managing Director UK/Europe and Israel at Stanchion Payments. This successful third migration in Israel is part of our continued investment in this market. Futurex can help banks in Israel to replace legacy HSMs from ARX and other providers with new, innovative technology, or to virtualise payments infrastructure while retaining PCI and FIPS security compliance. Another strong feature of the Futurex product line, with its API and International Command sets, is the ability to also work in mixed-estate environments. We see this as a growing approach to risk mitigation.” Roland Allen, General Manager EMEA at Future. About Stanchion Payment Solutions Established in 2001, Stanchion Payments has offices in Australia, South Africa, the UK, Middle East and the USA. Our experience in complex payments environments and our ability to leverage our international client engagements enables us to offer a range of solutions, services and products to integrate, manage, optimise and secure your payments systems. Trusted by clients around the globe, we have a collaborative and flexible approach, focused on addressing our clients’ business opportunities and challenges. To facilitate services to clients in Israel, Stanchion Payments has a local office in Tel-Aviv. About Futurex For over 40 years, Futurex has been a trusted provider of hardened, enterprise-class data security solutions. More than 15,000 organizations worldwide, including financial services and corporate enterprises, have used Futurex’s innovative hardware security modules, key management servers, and enterprise-class security cloud solutions to address their mission-critical systems, data security, and cryptographic needs. This includes the secure encryption, storage, transmission, and certification of sensitive data. For more information, please visit futurex.com.

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FINANCIAL MANAGEMENT

Stifel to Acquire ACXIT Capital Partners

Stifel | June 08, 2022

Stifel Financial Corp. (NYSE: SF) today announced it has signed a definitive agreement to acquire ACXIT Capital Partners, a leading independent corporate finance and financial advisory firm serving European middle-market clients and entrepreneurs. Terms of the transaction were not disclosed. ACXIT Capital Partners, with a team of about 50 professionals, operates primarily out of offices in Frankfurt, Zurich, and Munich. Since its founding in 1999, the firm has successfully completed nearly 500 transactions, including mergers & acquisitions, capital markets, and debt advisory and restructuring. ACXIT’s business is focused on providing advisory and capital solutions to emerging companies and is aligned with high-growth sectors of the global economy, including healthcare and technology. ACXIT also maintains strong positions in additional key verticals including industrials, real estate, and consumer/retail. Through this acquisition, we are extending our European footprint further into strategically important European markets, most notably Germany, This highly complementary combination with ACXIT Capital Partners allows us to accelerate the growth of our investment banking business by adding more geographical breadth and regional market expertise to our platform. It also forms a natural next step following the combination with Mainfirst in 2019.” Rob Mann, Head of European Investment Banking at Stifel. Stifel already has a formidable investment banking presence in the UK and Europe with more than 180 professionals based in the region’s major financial centers. Partnering with Stifel instantly gives us greater access to international markets, the ability to call on a deeper pool of industry expertise, and also enables us to deliver a broader set of products and solutions to our clients, Together, we have the necessary building blocks to create an even more formidable investment banking business throughout continental Europe.” Johannes H. Lucas, Founder and Senior Managing Partner of ACXIT Capital Partners. The Stifel network will substantially add critical resources to our business, giving us a powerful international platform to leverage, In particular, it will improve our reach into the vast U.S. investor base for growth capital, and provide enhanced capabilities to clients with cross-border aspirations.” Thomas Klack, Senior Managing Partner of ACXIT Capital Partners. After the closing of the transaction, Johannes Lucas and Thomas Klack will become Co-Heads of DACH (Germany, Austria, and Switzerland) Advisory at Stifel. ACXIT Senior Managing Partners Jens Tschauder and Tobias Warkus will also join Stifel’s DACH Management Board. We have been excited by the remarkable growth of our European investment banking business, which is now an integral part of our global investment bank, We are pleased to welcome the entire ACXIT team to Stifel, as we create more opportunities to leverage Stifel’s deep domain expertise across the strategically important DACH region.” Brad Raymond, Global Head of Investment Banking at Stifel. About Stifel Stifel Financial Corp. (NYSE: SF) is a financial services holding company headquartered in St. Louis, Missouri, that conducts its banking, securities, and financial services business through several wholly owned subsidiaries. Stifel’s broker-dealer clients are served in the United States through Stifel, Nicolaus & Company, Incorporated, including its Eaton Partners business division; Keefe, Bruyette & Woods, Inc.; Miller Buckfire & Co., LLC and Stifel Independent Advisors, LLC. The Company’s broker-dealer affiliates provide securities brokerage, investment banking, trading, investment advisory, and related financial services to individual investors, professional money managers, businesses, and municipalities. Stifel Bank and Stifel Bank & Trust offer a full range of consumer and commercial lending solutions. Stifel Trust Company, N.A. and Stifel Trust Company Delaware, N.A. offer trust and related services. About ACXIT Capital Partners ACXIT Capital Partners is a leading international corporate finance and financial advisory firm for mid-market clients and entrepreneurs in Europe and beyond. Since 1999, ACXIT offers its clients comprehensive corporate finance advisory services including M&A and capital markets advisory as well as restructuring, debt, and strategic advisory. As an independent, privately owned firm, ACXIT maintains offices in Frankfurt, Munich and Zurich as well as strong alliances in the UK and France.

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Under recent U.S. Department of Labor (DOL), section 408(b)(2), regulatory ... Please note that future updates to this disclosure will generally be provided to you

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