Payments & Fintech Acquisitions in 2014

Heartland Payment Systems acquired TouchNet Information Systems, a provider of integrated commerce and payments solutions for higher-education institutions, for $375 million. The deal adds TouchNet's U.Commerce platform, ~180 employees and more than 600 higher-education clients to Heartland's Campus Solutions business, positioning Heartland as a leader in the higher-education payments market.

Heartland Payment Systems (Heartland School Solutions) acquired MCS Software, a Madisonville, Louisiana-based provider of K-12 school foodservice POS, back-office and online payment solutions. The deal expands Heartland’s School Solutions division by adding MCS’s software products and its nationwide customer base of more than 4,000 K-12 schools, strengthening Heartland’s position in the K-12 payments and nutrition management market.

Pivotal Payments has acquired substantially all of the assets of Phoenix-based Capital Processing Network (CPN), adding more than $2 billion in annual processing volume and assimilating CPN's staff. The transaction expands Pivotal's direct sales channels across key U.S. markets and enhances its payments technology and cross-selling capabilities.