Founded in 2018, the company fields VelocIT Connect payments which integrates with Sage 100 cloud and Acumatica. “We are excited to welcome the VelocIT team to Paya as we look to expand and accelerate Paya’s growth within the ERP channel,” said Paya’s CEO Jeff Hack said in a prepared statement. The acquired company also markets its own Clover Point of Sale and the NCC Reflection POS and offers custom development services for Sage and Acumatica. Paya said it will have additional discussion about the deal when it reports its 2021 financial results. The company has not yet posted that date on its website.
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PAYA ACQUIRES VELOCIT Featured
Payments vendor Paya has acquired Clarkston, Wash.-based VelocIT Business Solutions. Terms were not disclosed.