Talus has acquired fellow payments processing company Prolific Business Solutions, for an undisclosed amount.
US-based Talus is a portfolio company of Alvarez & Marsal Capital Partners and has now completed three payment technology and portfolio acquisitions over the past 18 months. Alvarez has also committed an additional $250m to Talus in order to support it with future acquisitions.
Prolific Business Solutions provides companies with a range of technology and services including POS software, credit card processing, reporting, virtual terminals, recurring billing, loyalty & rewards software, merchant services, digital marketing, e-commerce solutions, among others. The company provides solutions for brick and mortar stores, e-commerce sites, and mobile platforms.
Through the service, companies can also take out business loans to improve access to working capital.
The company has initially focused on the healthcare, hospitality and non-profit sectors, but this acquisition will help it expand into new spaces.
A&M Capital Partners principal Rob Haisch said, “We look forward to supporting the continued success of Talus and providing additional capital resources to accelerate the next period of organic and acquisition-led growth.”
Talus is a payments processing technology developer which offers POS terminals, systems, mobile readers and e-commerce solutions. Its services are used by restaurants, retail, professional services and auto services.
Last month, fellow payments processor Pineapple Payments acquired POS developer Transax for an undisclosed amount. This was the fifth acquisition made by Pineapple this year and was completed to support its expansion efforts.
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