Great Hill Partners Acquires VersaPay Corporation

Versapay Acquires DadeSystems

April 18, 2022

Cloud & SaaS

Versapay has completed the acquisition of U.S.-based fintech DadeSystems, integrating DadePay cash-application technology into its Collaborative AR platform to broaden AR automation and AI/ML capabilities. Ten Coves Capital rolled its stake into Great Hill Partners-backed Versapay, with both Great Hill Partners and Ten Coves contributing additional capital to fund the transaction and support expansion into enterprise and upper mid-market customers.

Paya Holdings Acquires Paragon Payment Solutions

April 26, 2021

Payments & Fintech

Paya Holdings, Inc. (NASDAQ: PAYA) announced the acquisition of Paragon Payment Solutions, a Tempe, Arizona-based integrated payments provider that processes approximately $1.5 billion in annual payment volume. The acquisition strengthens Paya’s ISV partner roster and expands its capabilities and reach in the non-profit and healthcare verticals; Paragon executives Roy Bricker and Brock Robertson will assist with integration and ISV sales efforts.

Providence Strategic Growth and Greater Sum Ventures Acquire Value Payment Systems

March 6, 2018

Payments & Fintech

Providence Strategic Growth (the growth equity arm of Providence Equity) and Greater Sum Ventures acquired Value Payment Systems, a Nashville-based integrated payments provider, on March 6, 2018. The acquisition positions Value Payment Systems to accelerate growth and strengthen its leadership in government and other vertical payment markets using its proprietary gateway technology.

Great Hill Partners Completes Majority Recapitalization of Vatica Health

April 3, 2018

Healthcare Services

Great Hill Partners completed a majority recapitalization of Vatica Health, with participation from Vatica’s leadership team. The investment will support geographic expansion, sales and marketing growth, and product development to scale Vatica’s provider-centric risk adjustment and clinical quality platform.

Nuvei Acquires Paya for $1.3 Billion

January 9, 2023

Payments & Fintech

Nuvei Corporation agreed to acquire Paya Holdings Inc. in an all-cash transaction valued at approximately $1.3 billion (USD $9.75 per share). The deal combines Nuvei's global payment platform with Paya's U.S. integrated-payments and ISV capabilities to accelerate growth in eCommerce, integrated payments and B2B end markets.

Warburg Pincus, Great Hill Partners and Spectrum Equity Invest in Varicent

July 16, 2024

Cloud & SaaS

Varicent, a Toronto-based leader in sales performance management (SPM) SaaS, announced a strategic growth investment led by Warburg Pincus with participation from existing investors Great Hill Partners and Spectrum Equity and company management. The capital will be used to accelerate Varicent’s AI-driven capabilities, expand its Revenue Performance Engine, and support potential strategic acquisitions and global market expansion; the deal is expected to close in Q3 2024.