Newtek Business Services Acquires Majority Stake in POS on Cloud (Newtek Payment Systems)
November 20, 2019
Newtek Business Services Corp. acquired a 51% majority interest in POS on Cloud (d/b/a Newtek Payment Systems), a Kentucky-based cloud point-of-sale (POS) software provider. Newtek will integrate and offer the POS solution through its alliance partners and portfolio channels to expand its payments, payroll and SMB services offering.
- Buyers
- Newtek Business Services Corp.
- Targets
- POS on Cloud (d/b/a Newtek Payment Systems)
- Industry
- Payments & Fintech
- Location
- Kentucky, United States
- Transaction Type
- Buyout
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