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Priority Commerce Moves Into Public Sector With IntelliPay Acquisition
Source: pymnts.com
M&A & RestructuringCompany FundamentalsAntitrust & Competition
Priority Technology Holdings announced on Aug. 26 that it plans to acquire government/utility payments processor IntelliPay. The deal will enable the creation of Priority Commerce Government, extending Priority’s enterprise payments business into the public sector. The announcement is incrementally positive given the strategic market expansion, though no financial terms were provided.
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