Fidelity National acquires Payrix
Fidelity National acquired Payrix in February 2022 from Blue Star Innovation Partners and PSG, two private equity firms. Based in Florida and founded in 2015, the company specializes in ecommerce payment software for small- and medium-sized businesses. This agreement represents a continuation in Fidelity National’s strategy in expanding from payment software for financial institutions to adding solutions for merchants, started by the merger with Worldpay in March 2019. The financial terms of the agreement were not disclosed
M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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