ISO Office, a Canadian FinTech company, has been acquired by SuzoHapp, a technology company providing software and hardware for cash handling automation and self-service solutions globally.
The amount of the deal was not disclosed.
The acquisition provides automated transaction reporting, device management, and complex payment distribution capabilities to SuzoHapp’s global client base in the retail, manufacturing, distribution, gaming and amusement industries. SuzoHapp’s clients will now be able to control management, boarding, settlement, and billing, as well as generate comprehensive reconciliation reporting. The industry-specific extensions within the ISO Office platform will further improve asset and operations management for clients with POS, ATM, e-commerce, cash-in-transit, and other products and services.
Led by Ariel Mashiyev, CEO, ISO Office provides flexible financial tools for companies to manage assets and operations. Since its inception, the platform has processed over 500 million transactions for its clients globally. ISO Office is a division of AppGear Ltd.
Owned by affiliates of ACON Investments, L.L.C., SuzoHapp is a technology company providing software and hardware for cash handling automation and self-service solutions globally. Its technology enables automation for customers operating in a variety of markets, including retail, transportation, gaming, banking, vending and amusement.