TA Associates’ BluePay acquires VersaPay’s Merchant Services Business

VersaPay Corporation (TSX-V: VPY) has closed the sale of all of the assets and property related to the its Merchant Services business to BluePay Canada, ULC.

VersaPay has received $10,000,000 in cash and an additional earnout payment $1,000,000 will be payable to VersaPay 12 months following closing of the transaction.

BluePay is majority owned by TA Associates, a leading global growth private equity firm.

photo credit: pixabay

Ted Liu

Ted Liu, M.Sc. (Mining, Queen's), MBA (Finance, Toronto), is the Editor of Private Capital Journal, CanadaMetals.ca, TechWire.ca, and the former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, having most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA).

Ted is the architect of CVCA infobase, and is the architect of CPE Media's Financings.ca, Canada's most sophisticated and advanced all private capital and public market financing database.