Pittsburgh, PA – October 27, 2017 – Pineapple Payments, an omni-channel payment processing technology company, today announced that it has acquired Payline Data Services, a full-service payment solutions provider based in Chicago, Illinois. The acquisition adds more than fifty new team members to Pineapple’s expanding national sales force and merchant success team. Terms were not disclosed.
Pineapple Payments brings versatile payment enablement technology and concierge services to merchants across the B2B, B2G, and Integrated Software markets. With the acquisition of Payline, Pineapple will add nearly 10,000 merchants and more than $2 Billion in annual processing volume to its portfolio. Payline Co-Founder and CEO Jeff Shea has led Payline through a period of explosive growth in recent years, during which the company has made Inc. Magazine’s 5000 Fastest Growing Companies list in 2016 and 2017 consecutively.
“We are thrilled to partner with Brian Shanahan and the rest of the Pineapple Payments team,” said Shea. “Brian’s experience in our industry makes him a truly valuable resource for all of us at Payline, so that we can continue to create the best merchant experience in the marketplace for our loyal customers. It is exciting to join forces with Pineapple, because it will allow us to provide even more innovative payment tools for our merchants. We are looking forward to furthering our shared vision for growth alongside Pineapple in a rapidly evolving payments landscape.”
Pineapple is led by Founder and CEO Brian Shanahan, who brings an unprecedented payments pedigree to the company. Over the course of 26 years in the industry, Shanahan has built and exited from four different payments companies, the most recent of which being CardConnect (acquired by First Data). Shanahan and his team at Pineapple are focused on delivering integrated payment solutions to a broad range of merchants with enterprise grade support behind every customer.
“Jeff Shea and his team are more than impressive,” said Shanahan, “Their rise in the industry and long-standing dedication to their merchant base speaks for itself. We have no doubt that our support will only enable Payline to further enhance the already incredible payments offering provided to Payline merchants. The collective vision between our two companies is aligned for success, and we are delighted that Payline is joining our Pineapple family.”
Shanahan is supported by President Jon Halpern, who brings a unique perspective to Pineapple from his days as the CEO of payments driven SaaS company AthleteTrax. For Halpern, it is the shared mission and culture between Payline and Pineapple that is most exciting. “Our companies share a commitment to transparent pricing, first-class customer support, and giving back to the community,” Halpern explained. “This partnership is all the more promising for not just our two companies, but most of all for our merchants.”
ABOUT PINEAPPLE PAYMENTS
Pineapple Payments is a Pittsburgh, PA based payment processing technology company that provides omni-channel payment acceptance tools for merchants of all shapes and sizes, from startups to large-scale enterprises. From its innovative technology solutions to its proactive merchant success team, Pineapple truly takes a fresh approach to payment processing. In 2017, Pineapple Payments received substantial investment for accelerated growth from Providence Strategic Growth (PSG), the growth equity affiliate of Providence Equity Partners, a global private equity firm with more than $50 billion in assets under management. Pineapple Payments also received the 2017 Innovator of the Year Award from the Pittsburgh Business Times.
ABOUT PAYLINE DATA SERVICES
Payline Data Services LLC is an industry-shaping payments company that powers killer payment experiences for a wide range of merchants. Established in 2011, Payline has rapidly ascended in the highly competitive payment processing industry. Today, Payline serves nearly 10,000 merchants and processes $2 Billion in annual volume. In 2017, Payline was honored with a second-consecutive year on Inc. Magazine’s 500 Fastest Growing Companies list. Headquartered in Chicago, IL, Payline is built on a foundation of providing opportunities for employees and customers to achieve their greatest potential and giving to those in need. For more information about Payline, please visit www.paylinedata.com.