Calgary, Alberta, July 3, 2024–(Business Wire)–Digital Commerce Payments (“DCPayments”)announces that it has completed its previously announced transaction (the “Transaction”) with Jasper Commerce Inc. (TSXV: JPIM) (“Jasper” or the “Company”), a part of the Digital Commerce Group and a prominent financial technology payments provider, pursuant to which Jasper has sold its product information management business and related assets to DCPayments effective June 30, 2024. The Transaction was entered into pursuant to the terms of an asset purchase agreement between Jasper, DCPayments and Jasper Interactive Studios Inc. (“JISI”), a wholly owned subsidiary of Jasper, as the seller.
Pursuant to the transaction, JISI sold all of its assets to DCPayments for gross proceeds of up to $1.5 million (subject to certain customary purchase price adjustments) and received a revenue earn-out based on the maximum transaction consideration over a period of three years following the closing of the transaction.
The acquisition of Jasper's product information management business, which makes it easier to organize inventory data online, is a strategic addition to DCPayments' core payments business, which facilitates electronic payments for corporate customers. DCPayments has grown through both organic growth and strategic acquisitions such as Jasper, making it a one-stop shop for businesses looking to move online or expand their online services. Through a suite of payments technologies, online payment portals and new product information management software, DCPayments enables businesses to build better online products and get to market faster.
About DCPayments: In a world where innovation and disruption are key to success, DCPayments is leading the way with cutting-edge digital payment solutions. From seamless payment integrations to fully customizable options, DCPayments helps businesses put fast and reliable solutions at the heart of their business. Learn more and contact us today at https://dc-payments.ca/contact.
About Jasper: Jasper is a reportable issuer in British Columbia, Alberta and Ontario and has no active operations or assets other than its equity interest in JISI and its conditional right to indirectly receive earn-out payments from the transaction.
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contact address
For more information:
Pamela Draper
President, Digital Commerce Payments Inc.
587-885-2170
pamela@dc-payments.ca
Mag Third
chairman
416-930-1659
magpsaad@gmail.com
