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IndustryUpdate

ACQUISITIONS

Fiserv purchases OBS

Fiserv Inc. entered into a definitive agreement to
acquire Atlanta-based Online Banking Solutions Inc.
Fiserv stated it will gain additional cash manage-
ment and digital business banking capabilities, which
complement and enrich its existing solutions. "The
addition of Online Banking Solutions' technologies
further enables Fiserv clients to provide greater value
to their commercial customers through sophisticated
cash management solutions when and where they
need them," said Jeffery Yabuki, President and CEO
of Fiserv.

GTCR aquires RevSpring

GTCR LLC completed the acquisition of RevSpring
Inc., provider of multichannel billing and communica-
tions solutions to the healthcare and financial services
industries. Headquartered in Michigan, RevSpring
said it helps customers accelerate revenue through
an end-to-end platform of offerings. GTCR will work
with RevSpring's management team to pursue growth
initiatives and has committed up to $400 million of
equity capital to the platform, GTCR said.

SessionM buys LoyalTree

SessionM acquired POS provider LoyalTree. The
acquisition will reportedly enable SessionM to offer
bidirectional campaign analysis and make integra-
tion with POS systems faster to deploy and cheap-
er to maintain. The combined capabilities position
SessionM at the forefront of the omnichannel market-
ing automation market, SessionM noted. The acquisi-
tion follows SessionM's $35 million strategic funding
investment in LoyalTree in September 2016.

Square purchases Main Line Delivery

Square Inc. acquired the assets of Main Line Delivery,
a service that allows diners to place orders for deliv-
ery from popular restaurants in the Main Line region
of Philadelphia. According to Square, the service will
complement Square's Caviar line of business, also in
Philadelphia, which is expanding Secret Menu items
to customers in the area and giving select Caviar
restaurant partners the ability to introduce off-menu
items.

APPOINTMENTS

Caligiuri joins ShopKeep

ShopKeep appointed Crystal Caligiuri as its new
Senior Vice President of Operations and Customer
Care. Caligiuri will report to CEO Michael DeSimone

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