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Payroc Combines With NXGEN, Payscape, BluePay Canada To Serve 46 Countries

PYMNTS

The operation will carry an enhanced, innovative Payroc brand, offering full-service global merchant acquirer services and payments processing in 46 countries. Private equity firm Parthenon Capital sponsored the merger. “We NXGEN and Payscape merged in May in a deal also backed by Parthenon Capital.

Illinois 100
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New England Confectionery Co. Sells For $18.8M At Auction

PYMNTS

We started as a family-owned candy company back in 1847, [and] we’re thrilled to work with a fourth-generation candy company that brings new stewardship to our brands,” Necco Chief Executive Michael McGee told the Globe. “I Spangler was among two other bidders: Round Hill Capital LLC and Gordon Brothers. Bidding opened at $15.25

Boston 100
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Fools Rush In: 37 Of The Worst Corporate M&A Flops

CB Insights

For Google’s part, it kept releasing its own branded phones under the Nexus brand, partnering with Samsung, Asus, and LG to manufacture these devices, and further eroding the value of the Motorola acquisition. When you’re a powerhouse brand, it can be hard to see that the times are changing. Date: March 20, 2003.

Google 76
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Should Facebook Buy eBay?

PYMNTS

That’s where Reid Hoffman hatched the idea for LinkedIn in 2003 after inviting hundreds of his friends to create online profiles to get his idea for a professional online networking site off the ground. million from Benchmark Capital and changed its name to eBay. It’s also where Airbnb , quite literally, got its start.

Online 128
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Data Dive, Farewells Edition: Apple, Chase, SoFi, Uber

PYMNTS

In 2003, iTunes for Windows arrived in October 2003, allowing non-Mac users, the vast majority of the computing world, to buy music from Apple and sync it to an iPod for the first time. Uber said two big goodbyes to its chief operating and marketing officers, though the circumstances were bit different.

Apple 122
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Who’ll Be The ‘Netflix’ Of Payments?

PYMNTS

The big daddy of the video rental industry at the time was Blockbuster , and it operated more than 4,500 such outlets. A year and $2 million in seed capital later, Hastings and a partner founded Netflix. By June 2003, DVD rentals overtook VHS rentals. So, too, are the cable operators. Fifteen percent of U.S.

Payments 100
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Autopsy Report: 9 Startup Failure Stories And What We Can Learn From Them

CB Insights

After soaring to a multi-billion-dollar valuation behind an iconic founder, a team of prominent backers, and a promise to revolutionize blood testing, Theranos officially ceased operations in 2018. Theranos was founded in 2003 by Elizabeth Holmes, then an undergraduate student at Stanford University’s School of Engineering.

Report 78