CSG Acquires iCheckGateway.com (iCG Pay)
June 3, 2024
CSG (NASDAQ: CSGS) has acquired iCheckGateway.com, LLC (iCG Pay), a Fort Myers-based ACH and credit card payment processor, for an upfront purchase price of $17 million plus potential earn-outs. The deal adds recurring payments revenue (iCG Pay reported ~$9.5M in 2023 net revenue), ISV channel partnerships, and payments capabilities to CSG’s customer engagement and billing platform to accelerate its North American payments expansion and improve 2024 profitability.
- Buyers
- CSG
- Targets
- iCheckGateway.com (iCG Pay)
- Industry
- Payments & Fintech
- Location
- Florida, United States
- Transaction Type
- Buyout
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