Q: Last year, Nuvei acquired Paya for $1.3 B. After a year, could you tell if it was a good transaction. Was it the right decision by the management at that time?
Thanks
Thanks
5i Research Answer:
In NVEI's Q3 earnings, the company mentioned stated that, "For the period from the acquisition date to September 30, 2023, Paya contributed revenue of $182,309 and net income of $20,621 (in 000's)." Management also mentioned in the company's earnings call that it is comfortable with Paya's performance thus far. More time will likely be needed for Paya to be fully integrated with NVEI and the same goes from a financial performance perspective when assessing the overall benefits of the acquistion.