Press

M&A wrap: AffiniPay, HID Global, Job.com open wallets

Charlie Meek

Charlie Meek

For the last 20 years, Charlie Meek has led creative and brand marketing …

Share

Here are some recent deals that caught our attention.

• Austin-based recruitment company Job.com, which operates legally as My Job Matcher Inc., has acquired talent management tech startup Talenting, the companies announced Feb. 3. Both companies use blockchain technology to streamline recruiting and hiring.

The deal will help Job.com provide immutable storage of workers' career data, allowing job candidates to control and distribute their information. Financial terms of the deal weren’t disclosed. Job.com, led by co-founders Paul Sloyan and Arran Stewart , previously acquired Tampa Bay-based HireVergence in August.

• Austin-based payments startup AffiniPay LLC announced Feb. 9 that it has acquired ClientPay, a St. Paul, Minnesota-based digital payments company specializing in large law firm transactions. Terms of the deal weren’t disclosed.

AffiniPay was founded in 2005 by Amy Porter and is led by CEO Tom West. It has seen significant revenue growth in recent years, landing on Austin Business Journal’s Fast 50 list last year for 75% revenue growth from 2017 to 2019.

AffiniPay already had its own division focused on law firms called LawPay. Together, “LawPay and ClientPay will empower large legal and professional services firms to incorporate credit card, eCheck or digital wallet processing into their practices,” the announcement stated.

AffiniPay, which makes software to collect payments digitally, also has divisions focused on CPAs, associations and architecture and design firms.

• Austin-based identity management company HID Global Corp. announced Feb. 8 it has acquired Technological Solutions UK Ltd., which makes radio-frequency identification readers. It was founded in 1994 and is based in Loughborough, in the United Kingdom.

HID Global was incorporated in 1991 as a subsidiary of Hughes Aircraft Company. It got into the smart card and ID space when it acquired Sensor Engineering. It was acquired by Swedish lock manufacturer Assa Abloy AB in 2000.

As of October, HID ranked as the 11th-largest manufacturer in the Austin area, with more than 191,000 square feet of manufacturing space, as well as nearly 500 employees in the city. It makes everything from key fobs for building access to cybersecurity software for system access.

_• _Cybersecurity and tech services firm Solis Security and IT management provider MyITpros announced they have merged and will operate under the name MyITpros. Both companies are based in Austin. Bill McCharen, CEO at MyITpros, will continue as CEO of the combined company. Solis Security was founded in 2003, and MyITpros was founded in 1993.

Read the full article at Austin Business Journal