Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Anusuya Lahiri

Paya Acquires VelocIT Business Solutions For Undisclosed Sum

PAYA Morgan Stanley
  • Paya Holdings Inc (NASDAQ:PAYA) acquired VelocIT Business Solutions for an undisclosed sum.
  • VelocIT provides fully integrated, omnichannel payment solutions to accounting and ERP partners, driving frictionless commerce experiences for their end-users.  
  • Paya noted VelocIT expands and strengthens its integrated payments capabilities.
  • "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 Jeff Hack, Paya's CEO. 
  • Paya held $133.1 million in cash and equivalents as of September 30.
  • Analyst Rating: Morgan Stanley maintained Paya with an Equal-Weight and lowered the price target from $8.50 to $6.50.
  • Price Action: PAYA shares traded higher by 6.62% at $6.28 on the last check Thursday.
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Arcane creators say it'll be a long time before the next League of Legends adaptation lands on Netflix: 'We're not in production on those yet'
Arcane season 2 is almost over, but the award-winning Netflix show's creators "can't say" what they're working on next – and it's the internet's fault.
TechRadar
TechRadar
Melania and RFK Jr join forces to try to improve Trump’s diet: ‘Think fewer Big Macs and less KFC’
Incoming first lady and Trump’s pick for Health and Human Services secretary are apparently lobbying the president to make healthier choices
The Independent UK
The Independent UK
What are ‘Pink tote lid moments’? Dark TikTok trend explained
The dark trend has seen both young people and adults sharing troubling stories
The Independent UK
The Independent UK
Cruel Intentions review – this generic remake of the 90s classic is utterly mindless
Sarah Michelle Gellar and Ryan Phillippe’s movie gets a melodramatic YA remake – with a pair of actors who aren’t a patch on the originals. Just dig out the original instead
The Guardian - UK
The Guardian - UK
US moves to list giraffes under Endangered Species Act for first time
Climate crisis, habitat loss and poaching have reduced its numbers – but will Trump put the kibosh on protections?
The Guardian - US
The Guardian - US
“Who’s The One Actor That You Hate But Everyone Else Seems To Love?” (50 Answers)
No matter how popular they are, most celebrities have haters, too. Actors are no exception. The post “Who’s The One Actor That You Hate But Everyone Else Seems To Love?” (50 Answers) first appeared on Bored Panda.
Bored Panda
Bored Panda
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play