eCommerce FinTech M&A Public

Via News Release

“MINNEAPOLIS–(BUSINESS WIRE)–Digital River, Inc. (NASDAQ: DRIV), a leading global provider of Commerce-as-a-Service solutions, today announced that it has entered into a definitive merger agreement to be acquired by an investor group led by Siris Capital Group, LLC (collectively “Siris”) in a transaction valued at approximately $840 million.”

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Data People

By Andy Orin, Lifehacker

“…CrashPlan was developed by Code42, which was founded in 2001 as an IT consultancy but has since shifted to both consumer and enterprise software. At the helm as CEO is Matthew Dornquast, who co-founded the company and continues to run it. We spoke with Matthew to learn about his work habits and the challenges his team has faced in developing CrashPlan.”

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FinTech Public

Via News Release

Deluxe Corporation (NYSE: DLX) today announced the acquisition of Wausau Financial Systems (WAUSAU), a market share leader in receivables management for commercial banks and major corporations.

The all cash acquisition closed on October 22; it was announced this morning during Deluxe’s Q3 financial results call with investors. By providing a broader and deeper range of financial technology solutions (FinTech) to both the retail and commercial sides of the market, the purchase of WAUSAU is an important step in the evolution of Deluxe’s Financial Services Segment to becoming a more diverse provider in the highly competitive FinTech marketplace.”

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