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FT Partners Advises YapStone on its $50,000,000 Minority Investment

Overview of Transaction
  • On June 7, 2011, YapStone announced the completion of its $50 million minority investment led by Accel Partners ("Accel")
  • Meritech Capital Partners also participated in the round
  • As part of the investment, Todd MacLean, a partner at Accel, will join YapStone's board
  • The new capital will be used to support the Company's rapid growth, specifically for continued investment in its core technology platform to serve current and new vertical markets; it will also be used to support international expansion and fund opportunistic acquisitions
Significance of Transaction
  • This investment validates the increasing importance of technology-enabled payments providers and recognizes the strength of YapStone's service offering
  • Provides additional capital and a key partnership with Accel to accelerate the pursuit of enormous growth opportunities
FT Partners' Role
  • FT Partners served as exclusive strategic and financial advisor to YapStone
  • Demonstrates FT Partners' ability to establish strong relationships with leading Payments/Financial Technology firms and assist them in achieving their long-term strategic goals
  • Hightlights FT Partners' continued strength in the Payments and Banking Technology sector