The Payments Channel Expert
ScanSource last week said it plans a $144.9 million acquisition of payment devices distributor POS Portal in a move that combines the former's strong solution provider relationships with the latter's payments channel expertise.
Greenville, S.C.-based distributor ScanSource cited POS Portal's specialization in point-of-sale services for SMB customers as a major point of emphasis behind the acquisition. As merchants continue the often-slow transition to EMV payment terminals, both companies believe they will be able to establish the largest and most sophisticated configuration and services platform in the payments industry by joining forces.
The POS Portal deal would mark the sixth acquisition made by ScanSource in the past three years, including an $83.6 million deal to purchase master agent and recurring revenue powerhouse Intelisys, which closed June 27.
Here are six points of interest involving ScanSource's proposed purchase of Sacramento, Calif.-based POS Portal.