PITTSBURGH – December 4, 2019 – Pineapple Payments, a rapidly growing payments technology company based out of Pittsburgh, announced today a partnership that unlocks new integrated payment opportunities with the strategic partnership and portfolio acquisition of Paystri, a payment processing and strategic solutions company based out of Salem, Massachusetts.
A leader in the integrated payments technology space, Paystri will continue to serve integrated software vendors (ISVs), technology companies, and merchants through an exclusive partnership with Pineapple Payments on a go-forward basis. The partnership helps Pineapple grow its ISV channel and provides Paystri with access to Pineapple’s proprietary payments platform, APIs, and omni-channel payment tools. Terms were not disclosed.
Paystri Founder and CEO, Jonathan Arst, will continue to oversee Paystri’s operations, managing existing business, software, and community bank partnerships while cultivating new relationships with ISVs.
“Smart technology, easy-to-sync solutions, streamlined strategies – these are the approaches we take when we talk about simplifying implementation. To be an asset to software developers, we must act as more than a resource in payments. The powerful APIs, in-house integration specialists, and proprietary payments solutions that Paystri now has access to through Pineapple ensures we remain an ally in both payments and technology. Partnering with Pineapple isn’t just a win for us. It’s a win for our integrators who can now leverage offerings that weren’t available before. That’s what sets ISVs apart from their competition,” said Arst.
Pineapple Payments CEO, Brian Shanahan, is a payments veteran, having built and exited several payments companies to NASDAQ during his expansive career.
“The industry experience that Arst and the Paystri team bring to our partnership is invaluable. They’ve been in business for nearly fifteen years, maintaining a level of service and rapport that’s unique and refreshing” Shanahan added, “To be able to articulate complex processes and support others in a way that’s non-intimidating and easy to understand, that’s a special skill that can only be achieved through experience.”
Shanahan cofounded Pineapple Payments with President, Jon Halpern, who worked closely with Arst in strategizing an ISV-centric approach.
“The synergy of our two teams working together is tangible. ISVs are important to both Pineapple and Paystri and we’re dedicated to growing the integrated payments space collectively. By connecting our technology to their ISV channel, the possibilities of amplifying SasS income are huge,” added Halpern.
ABOUT PINEAPPLE PAYMENTS
Pineapple Payments is a Pittsburgh, Pennsylvania-based payments technology company that provides payment processing, proprietary technology, and omni-channel payment acceptance solutions for merchants of all shapes and sizes. Its core payment gateway and suite of value-added payments tools are distributed by resellers nationwide, including some of the largest payment processing companies and Independent Sales Organizations. Pineapple offers both API based and out-of-the-box solutions for everything from Hosted Payment Pages and Recurring Billing to online Invoice Management and a QuickBooks® Integrated Application. 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.
ABOUT PAYSTRI
Headquartered in Salem, Massachusetts, Paystri is a payment processing and strategic solutions company serving integrated software vendors, technology companies and merchants. Their payment experts are dedicated to optimizing payment acceptance and processing infrastructure with the goal of driving revenue for customers. Paystri drives improved profitability and customer satisfaction through streamlined payment infrastructure offerings and world class customer service. For more information, please visit https://www.paystri.com, email info@paystri.com or call 978-744-9090.