NMI Acquires Sphere Commercial Division

NMI Acquires IRIS CRM

January 18, 2022

Payments & Fintech

NMI, a full commerce enablement and payment platform, has acquired IRIS CRM, a merchant-services-focused CRM and merchant management platform headquartered in Brooklyn, New York. The acquisition expands NMI’s capabilities beyond gateway services to include merchant prospecting, onboarding, portfolio reporting and residual income calculations; terms were not disclosed and IRIS CRM’s president Dimitri Akhrin will remain with the combined organization.

NMI Acquires Agreement Express Payments Solutions

December 6, 2022

Payments & Fintech

NMI has acquired the payments solutions business of Agreement Express, adding onboarding, underwriting, KYC/AML and risk monitoring capabilities to its commerce enablement platform. Frontier Growth will retain Agreement Express's wealth management arm; terms were not disclosed.

NMI Acquires USAePay to Expand Omnichannel Payment Offering

February 23, 2021

Payments & Fintech

NMI, a global payments enablement technology company headquartered in Schaumburg, Illinois, has acquired USAePay, a Glendale, California-based payment gateway and POS-focused payments provider. The acquisition combines both companies' e-commerce, retail, mobile and unattended payment capabilities to strengthen NMI's omnichannel offering and expand coverage in key verticals such as retail and restaurants; terms were not disclosed.

Insight Partners Makes Strategic Growth Investment in NMI

September 9, 2021

Payments & Fintech

NMI, a global commerce enablement and payments technology platform, received a significant growth-equity investment from Insight Partners, joining existing investors Francisco Partners and Great Hill Partners. The company will remain led by CEO Vijay Sondhi and management (who also reinvested); the capital will be used to accelerate product development, global expansion, and NMI's acquisition strategy.

NSM Insurance Group Acquires Shield Commercial Insurance Services

July 10, 2023

Insurance

NSM Insurance Group has acquired Shield Commercial Insurance Services, a Palm Desert-based underwriting business specializing in insurance for small and mid-sized contractors. The acquisition expands NSM’s portfolio of specialty insurance programs and aims to accelerate Shield’s growth through NSM’s national agent distribution and expanded geographic footprint.

PAR Excellence Systems Acquires NotiSphere, Inc.

January 21, 2025

Healthcare Services

PAR Excellence Systems has acquired NotiSphere, a provider of medical inventory recall notice tracking services. The acquisition adds automated recall-management capabilities to PAR's healthcare inventory management portfolio, enabling improved patient safety, faster recall response times, and reduced labor and false-notice burdens for health systems and device manufacturers.