Montreal-based Paysafe, a leading global provider of payment solutions, announced that it is expanding its product capabilities by acquiring Income Access Group, a pioneering affiliate technology business, for a cash consideration of C million (approximately US million).
Income Access is a market-leading brand providing affiliate technology for businesses to manage their performance marketing programs. In addition, more than 25,000 affiliates use the company’s multi-channel software for their marketing campaigns.
Income Access was founded in 2002 by Nicky Senyard. It is based in Montreal with employees in Vancouver, London and Brisbane.
Paysafe President and Chief Executive Officer Joel Leonoff said, “By adding Income Access’ affiliate technology to our product suite alongside our Skrill and Neteller brands and deepening our merchant relationships, this transaction delivers on Paysafe’s strategic objectives to provide relevant payment solutions that serve the evolving needs of our merchants.
“Income Access is an excellent fit for our business. This acquisition will help to extend our leadership position in niche-orientated payment solutions as we add value for our merchants and redefine the role of a payments provider,” Leonoff said.
Lorenzo Pellegrino, divisional CEO at Paysafe responsible for the group’s flagship Skrill and Neteller brands, added, “We are always looking to enhance the breadth of our product offering. By integrating Income Access’ industry-leading expertise within our business, we both expand our global affiliate network and embed our payment capabilities more deeply into the merchants we work with.”
Income Access CEO Senyard said, “Our technology and global affiliate network, combined with Paysafe’s comprehensive payments offering, creates a winning combination for the benefit of our existing and new partners.”
Senyard will remain with the business as managing director.