Moar Wayfair digs.

Wayfair

2011 to 2019

The Wayfair headquarters in the Back Bay section of Boston, Massachusetts in 2018.

By 2011, CSN Stores owned over 200 online shops, largely niche shops for specific products, like cookware.com, everyatomicclock.com, and strollers.com. In an effort to scale, to direct traffic to a single site, and to unify the aesthetic of the company, Shah and Conine rebranded CSN Stores as Wayfair. Wayfair, as a company name, has no real meaning; it was chosen by a brand firm.[3]

To market the new brand and to increase its expansion, in June 2011 the company raised $165 million in funding from four investment firms: Battery Ventures, Great Hill Partners, HarbourVest Partners, and Spark Capital.[16]

Wayfair.com launched on September 1, 2011.[17] As of July 2012, Wayfair had consolidated all of its niche websites, with the exception of Joss & Main and AllModern, into Wayfair.com. In August 2012, Wayfair launched Wayfair Supply, a single destination for Wayfair's business, government, and institutional customers. In August 2013, Wayfair acquired DwellStudio, a New York City-based design house and retailer focused on modern home and family furnishings.[18]

https://en.wikipedia.org/wiki/Wayfair

Battery Ventures

Battery Ventures is a global, technology-focused investment firm. Founded in 1983, the firm makes venture-capital and private-equity investments from offices in Boston, Silicon Valley, San Francisco, Israel and London. Since inception, the firm has raised over $8.9 billion[1] and is now investing its thirteenth funds, Battery Ventures XIII and Battery Ventures XIII Side Fund, with a combined capitalization of $2 billion.[2]

n its 35-year history, Battery has invested in more than 400 companies globally resulting in more than 60 IPOs and more than 170 M&A events by acquirers including Adobe, Apple, AppNeta,[14] BMC, Boeing, BigPanda,[15] Comcast, Danaher, Dataiku,[16] EMC, Google, HotelTonight,[17] Intel, KeyMe,[18] LinkedIn, MetroPCS, Narrative Science,[19] Neolane,[20] Netezza,[21] Niantic,[22] OutlookSoft,[23] Oracle, Panaya,[24] Palo Alto Networks, Prizeo,[25] Qteros,[26] Reflektion,[27] Worldhotels, ResMed, Roper, Salesforce, Scott Safety, SAP, Stratoscale, Visa, WebPT,[28] Yahoo!, and Yesware.[29]

The firm's current investment focus includes:

Application software

IT infrastructure technologies

Consumer internet/mobile

Industrial technologies

https://en.wikipedia.org/wiki/Battery_Ventures

>>9928429

HarbourVest Partners

HarbourVest Partners is a private equity fund of funds and one of the largest private equity investment managers globally. The firm invests in all types of private equity funds, including venture capital and leveraged buyout funds, and also directly in operating companies.

Founded in 1982 as Hancock Venture Partners, a subsidiary of John Hancock Insurance, HarbourVest is based in Boston, Massachusetts with offices in Beijing, Bogota, Seoul, Tel Aviv, Tokyo, Toronto, London and Hong Kong[1]. HarbourVest has approximately 80 investment professionals globally and manages approximately $42.4 billion of investor commitments.

Investors in HarbourVest funds include various types of institutional investors such as public and corporate pension funds, endowments, foundations and financial institutions.

In 2001, HarbourVest Partners was inducted into the Private Equity Hall of Fame.[2]

According to the companies SEC 13F-HR filing in August 2017[3], the companies investments included:

Lending Club

Acceleron Pharma

Box Inc.

Tesla

Groupon

Silver Spring Networks

Zendesk

U.S Auto Parts Network

Trevena

Wayfair

HarbourVest has completed a number of significant secondary market investments in private equity:

2008 - Macquarie Capital Alliance, in June 2008, announced a takeover offer from a consortium of private equity secondary firms including AlpInvest Partners, HarbourVest Partners, Pantheon Ventures, Partners Group, Paul Capital Partners, Portfolio Advisors and Procific (a subsidiary of the Abu Dhabi Investment Authority) in one of the first public to private transactions of a publicly traded private equity company completed by secondary market investors.[4][5]

2007 - California Public Employees' Retirement System (CalPERS) agrees to the sale of $2.1 billion portfolio of legacy private equity funds at the end of 2007, after a process that had lasted more than a year.[6] The buying group included Oak Hill Investment Management, Conversus Capital, Lexington Partners, HarbourVest, Coller Capital and Pantheon Ventures.[7][8]

2006 - American Capital Strategies sells a $1 billion portfolio of investments to a consortium of secondary buyers including HarbourVest Partners, Lexington Partners and Partners Group[9][10][11]

2003 - HarbourVest acquired a $1.3 billion of private equity fund interests in over 50 funds from UBS AG through a joint venture transaction [12]

https://en.wikipedia.org/wiki/HarbourVest_Partners

>>9928429

Spark Capital

Spark Capital is a venture capital in the United States, responsible for early stage funding of numerous successful startups including [1] Twitter, Tumblr, Oculus, Warby Parker, Cruise, Slack, and others.[2] It has branches in Boston, San Francisco, and New York City.[3]

Spark Capital was launched in 2005 by Paul Conway, Santo Politi, and Todd Dagres.[3][4][5] They have raised six early stage funds, and three growth funds.

Spark Capital was founded in 2005 by Bijan Sabet, Paul Conway, Santo Politi, and Todd Dagres. Other people who have joined the company since its inception include Kevin Thau, Jeremy Philips, Alex Finkelstein, Yasmin Razavi and Nabeel Hyatt.[5]

According to a Forbes article, Spark Capital's success can be attributed to maintaining focus specifically on technology startups in the media, entertainment, and mobile sectors. Further, information-sharing within the company was organized so that all partners can work with a portfolio company, not just the partner assigned to that company.[4]

Spark Capital has been known for co-investing with Union Square Ventures. In fact, many of Spark Capital's top picks, including Twitter, Tumblr, and Foursquare, were made via partner Bijan Sabet and were joint investments with Union Square Ventures, made by partner Fred Wilson.[10][11][12][13] Other firms with which Spark frequently co-invests include SV Angel, Lerer Hippeau Ventures, and First Round Capital.[10]

Sabet says that Spark Capital's portfolio companies do not use non-compete agreements, which he says have been a key factor in limiting startup growth in New York and Boston.[14]

Twitter

Bijan Sabet, partner at Spark Capital, invested in Twitter's second (Series B) round in June 2008, along with Jeff Bezos and additional investments from past investors such as Fred Wilson of Union Square Ventures, and Sabet also accepted a board seat at Twitter.[15] According to Hatching Twitter, Sabet and Wilson played a crucial role in facilitating smooth leadership changes at Twitter in October 2008 and later October 2010—ousting Jack Dorsey to install Evan Williams in 2008, and ousting Williams to install Dick Costolo in 2010.[16]

In November 2013, shortly after Twitter's IPO, Sabet wrote a blog post expressing his gratitude to Twitter, both as an investor and as a user of the service.[17] A Forbes article about Spark Capital quoted Sabet as attributing Spark Capital's success to the partners themselves' use of the products of the companies they invested in (such as Twitter) enabling them to better understand the companies from the perspective of consumers.[4]

Tumblr

Spark Capital was one of the early investors in Tumblr, where they co-invested with Union Square Ventures, paying the same amount for the same share, with Bijan Sabet as the assigned partner from Spark Capital.[18][19] Following the sale of Tumblr to Yahoo! for US$1.1 billion, Spark Capital and Union Square Ventures each took home $192 million from the deal.[18][20][21]

Foursquare

Spark Capital has invested in multiple rounds of location-based social networking company Foursquare, starting in June 2011.[22][23]

Oculus

Spark capital invested in Oculus VR in both Series A and Series B funding rounds, which was subsequently sold to Facebook for an estimated $2 billion.[24][25] The company's General Partner Santo Politi joined the board of directors.

Cruise

Spark capital invested in Cruise in the Series A funding rounds, the company's General Partner Nabeel Hyatt joining the board of directors.[26]

Pendo

In December 2016, Spark Capital led a series B funding round for Pendo, a platform driven by data[clarification needed] that helps companies deliver experiences with respect to software.[clarification needed] This was in collaboration with Salesforce Ventures, Core Capital Partners, Battery Ventures, IDEA Fund Partners, and Contour Venture Partners. The company's General Partner Megan Quinn joined the board of directors.[27]

Niantic

Spark Capital led a Series B funding round for Niantic, a software development company which developed augmented reality mobile games Pokémon Go and Ingress in November 2017. As part of the $200 million funding deal, Spark's partner Megan Quinn joined Niantic's board.[28]

https://en.wikipedia.org/wiki/Spark_Capital

>>9928429

Great Hill Partners LLC

Great Hill Partners, LLC operates as a private equity firm. The Company invests in education, finance, healthcare, information technology, consumer internet, digital media, e-commerce, consumer, and software industries. Great Hill Partners serves customers in the State of Massachusetts.

https://www.bloomberg.com/profile/company/242807Z:US

Great Hill Partners Acquires Gizmodo Media Group and The Onion from Univision Communications Inc.

April 08, 2019 09:05 AM Eastern Daylight Time

Leading media business with high quality traffic and strong customer relationships

Veteran media executive Jim Spanfeller to lead the business as CEO

New company will be rebranded as G/O Media Inc.

NEW YORK & CHICAGO & BOSTON(BUSINESS WIRE)Great Hill Partners, a leading growth-oriented private equity firm, today announced it has acquired the Gizmodo Media Group and The Onion, a collection of premium digital content producers, from Univision Communications Inc. The combined assets will form a new company named G/O Media Inc. (“the Company”) that will be led by digital content industry veteran James (“Jim”) Spanfeller, who will also be a significant investor in the company. Financial terms of the private, all equity transaction were not disclosed.

G/O Media brands reach more than a third of all Americans online each month, attracting approximately 100 million unique visitors. The Company’s collection of digital-first brands serve young, diverse influencers with content that reflects their values and passions, including category-leading sites focused on technology (Gizmodo), car culture (Jalopnik), modern women’s interests (Jezebel), sports (Deadspin), life tips and hacks (Lifehacker), gaming (Kotaku), and African American news and culture (The Root), and The Onion, which includes The A.V. Club and ClickHole.

“This opportunity comes at a time when the entire digital media category is beginning to be recognized again for its unique ability to meet the diverse content and delivery needs of consumers and advertisers,” said Spanfeller. “As the largest player in our space, G/O Media is in an ideal position to capitalize on this dynamic, and I am excited to collaborate with a great team that boasts an incredible track record to further expand our reach, add value to our advertisers and enrich our visitors’ lives. G/O Media is already the leader among digital media companies speaking to the 10-to-34 year-old market, and we are confident and excited to see that lead expand.”

Spanfeller, past Chairman of the IAB and longtime executive board member of Digital Content Next (DCN), has been recognized as leader in the digital content space. He played a key role as CEO in building Forbes.com to market leadership and most recently built a native digital content company from the ground up that featured The Daily Meal and The Active Times, which he successfully sold to Tronc Inc. in December 2016.

Great Hill Partners has deep experience across the media and digital media sectors, with a successful track record of investing in and adding value to companies such as Ziff Davis, IGN, Momondo Group, Educaedu, Legacy.com, Action Media, All Web Leads (AWL), BuscaPé.com, Recruiting.com, Dame Broadcasting, and Palm Beach Broadcasting.

“From our experience across the digital media landscape, we know it is not every day that an attractive suite of digital media assets becomes available with strong brand recognition among consumers and advertisers, and a set of engaged, vertical audiences which together are larger than Vox, BuzzFeed or Vice,” said Chris Gaffney, Managing Partner at Great Hill Partners. “We are excited by growth and see a great opportunity to further scale a high-quality content producer led by an experienced digital media executive like Jim.”

Sidley Austin LLP served as legal advisor to Great Hill Partners.

https://www.businesswire.com/news/home/20190408005293/en/Great-Hill-Partners-Acquires-Gizmodo-Media-Group

>>9928513

Storyblocks Announces Acquisition By Great Hill Partners As Company Reshapes Creative Process in Digital Media Ecosystem

–Jun 25, 2020, 09:01 ET

–

ARLINGTON, Va., June 25, 2020 /PRNewswire/ – Storyblocks, the first and largest subscription-based stock media company, has entered into an agreement to be acquired by Great Hill Partners, a leading growth-oriented private equity firm. Great Hill has actively invested across the digital commerce landscape for nearly twenty years, backing innovative companies including Wayfair, The RealReal, Bombas and Custom Ink. This partnership will allow Storyblocks to accelerate its mission of modernizing the creative process to better support affordable, efficient video creation and to extend its current capabilities and product offerings.

The creative industry has hit an inflection point, with the recent pandemic only accelerating growth. Storyblocks has seen downloads of digital content more than double since the start of 2020. More than ever, today's storytellers are demanding flexible content resources and tools to keep up with the demands of their audiences. Additional access to capital will allow Storyblocks to expand its industry-leading library of affordable, flexible and easy to use digital content, while adding new tools to help anyone from professional creators to everyday consumers create and collaborate on high-quality video projects without restrictions.

"We have seen dramatic changes to workflows for customers ranging from freelancers to small businesses to major production studios in recent years as they adapt to an ever-increasing demand for high-quality video content. We are excited to partner with the Great Hill team because we share the belief that creatives are hungry for a new model to meet these new needs," said TJ Leonard, CEO, Storyblocks.

"Flexible, affordable, high-quality content has become a prerequisite for individuals and creative teams looking to leverage social media and video platforms. Storyblocks is uniquely positioned as a dynamic category leader to serve creatives as the industry continues to evolve," said Michael Kumin, Managing Partner at Great Hill.

Peter Garran, Partner at Great Hill added, "We are excited that this partnership will enable Storyblocks to reshape the creative landscape, ultimately empowering anyone to create high-quality video for their business."

As a testament to its culture of creativity and innovation, Storyblocks has been recognized on the Inc 5000 list seven consecutive years and was recently named as one of Washington D.C.'s Top Workplaces by The Washington Post, and among the Best Places to Work by the Washington Business Journal.

Storyblocks was founded in 2009 by Joel Holland, and its early growth was spurred by funding from Updata Partners and QED Investors, with North Atlantic Capital providing additional investment in 2015.

Lightning Partners served as the exclusive financial advisor to Storyblocks while GCA Advisors served as the exclusive financial advisor to Great Hill Partners.

About Storyblocks:

Storyblocks is a different kind of content company delivering a fresh approach to meet the creative needs of a new generation of storytellers. Built on the belief that all stories deserve a chance to be told, Storyblocks provides video, audio and images through its unique subscription model. By offering unlimited downloads and continually adding fresh content, Storyblocks challenges the paradigm that your ambitious creative vision requires deep pockets. Headquartered in Arlington, Virginia, Storyblocks has been recognized by the Inc 5000 list seven consecutive years and was recently named as one of Washington D.C.'s Top Workplaces by The Washington Post, and among the Best Places to Work by the Washington Business Journal.

https://www.prnewswire.com/news-releases/storyblocks-announces-acquisition-by-great-hill-partners-as-company-reshapes-creative-process-in-digital-media-ecosystem-301082499.html

>>9928451

Who is, "we?" I dig where I want to. Take it or leave it.

>>9928429

Great Hill Partners Expands Team with Two New Executives in Residence

PR NewswireMarch 4, 2020

Pete Stevenson and Randal Thompson to Focus on Cloud Infrastructure Software, Security and Related Business Services Investments

BOSTON, March 4, 2020 /PRNewswire/ – Great Hill Partners, a leading growth-oriented private equity firm, today announced that Pete Stevenson and Randal Thompson have joined as Executives-in-Residence ("EIRs") to focus on building a scale company by identifying and pursuing opportunities in the cloud infrastructure software, security and related business services sectors. This will be Great Hill's third partnership with Stevenson and Thompson who were CEO and CSO, respectively, at Latisys, which was sold to Zayo Group Holdings, Inc. in 2015, and Symmetry, which was sold to Secure-24, an NTT Communications Corporation, in 2019.

"We're thrilled to partner with Pete and Randal for the third time as we continue to pursue investments in the cloud infrastructure software, security and business service sectors," said Drew Loucks, Partner at Great Hill Partners. "Pete and Randal have world-class management talent with a proven track record of driving significant growth and creating strategic value in our companies."

Chris Gaffney, Managing Partner at Great Hill Partners, added, "Pete and Randal have been outstanding long-term partners and have created tremendous value for the firm. We thank them for their past successes and we are delighted they have chosen Great Hill to back them going forward."

Stevenson has over 35 years of experience in the global IT and telecom field, and he spent the last 17 years as a CEO leading data center, cloud infrastructure and application management companies. In 2007, together with Great Hill, he co-founded and served as CEO of Latisys, a leading provider of co-collocation, cloud and security services. Stevenson and Great Hill expanded the company's market presence through acquisitions, increased its data center footprint through organic expansion and implemented an invaluable go-to-market framework that triggered significant organic growth. Stevenson also worked with Great Hill as CEO of portfolio company Symmetry, where he guided the company to become the leading SAP-managed services and software provider in the U.S. prior to its sale.

Thompson, a 20-year IT and managed services industry veteran, worked alongside Stevenson as Chief Sales Officer at both Latisys and Symmetry where he developed executable go-to-market strategies, and built and led teams that drove high revenue growth. He has deep knowledge of competitive environments and he possesses a keen understanding of clients' needs, resulting in tailored solutions which support strong, collaborative partnerships.

"We've been extremely fortunate to work with Great Hill over the last 13+ years and have experienced first-hand their ability to help companies scale their businesses while creating unique assets that have real intrinsic value to strategic acquirers," said Stevenson. "We're excited to be partnering with Great Hill again, and to leverage our expertise and network of relationships to source opportunistic investments and drive growth once acquired," added Thompson.

About Great Hill Partners

Great Hill Partners is a Boston-based private equity firm targeting investments of $25 million to $500 million in high-growth companies across the consumer, digital infrastructure, financial technology, healthcare, and software sectors. Over the past two decades, Great Hill has raised nearly $8 billion of commitments and invested in more than 75 companies, establishing an extensive track record of building long-term partnerships with entrepreneurs and providing flexible resources to help middle-market companies scale. For more information, visit www.greathillpartners.com.

https://finance.yahoo.com/news/great-hill-partners-expands-team-120500956.html

>>9928429

Great Hill Partners Buys Majority of Software Company One Inc

By Luisa Beltran Feb. 20, 2020 6:00 am ET

Great Hill Partners has acquired a majority of One Inc, an insurance payments provider, via a recapitalization.

Financial terms of the deal weren’t announced. Centana Growth Partners and AXA Venture Partners are exiting their stakes, people familiar with the transaction said. One Inc’s management is reinvesting along with two other investors, people said.

One Inc is an insurtech, which refers to startups using technology to change the way insurers do business.

Christopher Ewing, president and CEO, co-founded One Inc with Tim Tyannikov, COO, in 2005. The company, based in Folsom, California, provides a digital payments platform that helps insurance companies engage with their customers. One Inc processes more than $5 billion in payments for 100 insurance companies annually, the company’s website said. Customers include K2 Insurance Services, Great American Insurance Group, Medical Mutual of Ohio.

“Our mission is to modernize the insurance industry through a frictionless payments experience, and this additional capital will enable us to expand our engineering, sales, and marketing resources to support that mission,” Ewing said in a statement.

One Inc has raised $52.2 million in funding, including $15.5 million in 2017, Crunchbase said. Investors included American Family Ventures, Centana, AGI Partners, AXA, MassMutual Financial Group, H&Q Asia Pacific, Camp One Ventures and AGI Partners, according to Crunchbase.

The insurance industry is filled with fragmented, legacy technology that needs to be updated, said Nick Cayer, a partner at Great Hill. One Inc provides a portal that streamlines payments for insurers and their policyholders, he said. “This is a very good company,” Cayer said. “[One Inc] can do [both] inbound premium collection payments as well outbound claims payments.”

Great Hill hopes to double One Inc’s staff, which currently stands around 200 people, in the next 24 months, Cayer said. While One Inc will continue to look for more deals, Great Hill’s investment thesis is not predicated on acquisitions, he said. “One Inc’s growth so far has been all organic and that will continue,” Cayer said.

Matt Vettel, a Great Hill managing partner, and Cayer, are joining One Inc’s board as part of the transaction.

One Inc is Great Hill’s sixth vertical payments investment. Other deals include Vanco, Affinipay, BillMatrix, Passport Health, and Accelerated Payments Technology. Great Hill focuses on sectors including software, financial, and health-care technology. The Boston private-equity firm typically invests equity ranging from $40 million to $250 million per deal.

Great Hill is using its seventh growth buyout fund, which raised $2.5 billion in July, to invest in One Inc. The PE firm is also currently seeking a buyer for payments company Affinipay, Barron’s reported in December 2019.

https://www.barrons.com/articles/great-hill-partners-one-inc-51582153059

>>9928429

Great Hill Partners Makes All Cash Offer to Acquire VersaPay Corporation

December 13, 2019

TORONTO, Dec. 13, 2019 /PRNewswire/ - VersaPay Corporation (TSXV: VPY) ("VersaPay" or the "Company") and Great Hill Partners ("Great Hill"), a leading growth-oriented private equity firm, are pleased to announce that the Company and an affiliate of Great Hill have entered into a definitive arrangement agreement (the "Arrangement Agreement") whereby Great Hill will indirectly acquire all of the issued and outstanding common shares of the Company ("VersaPay Shares") by way of a statutory plan of arrangement under the Canada Business Corporations Act (the "Transaction").

Under the terms of the Arrangement Agreement, each VersaPay shareholder (the "VersaPay Shareholders") will receive cash consideration of C$2.70 for each VersaPay Share held (the "Consideration"), valuing VersaPay's total equity at approximately C$126 million on a fully diluted basis. The Consideration represents a 47.5% premium to the closing price of the VersaPay Shares on the TSX Venture Exchange (the "TSXV") on December 12, 2019 and a 64.5% premium to the volume weighted average price ("VWAP") of the VersaPay Shares over the last 30 trading days.

Benefits to VersaPay Shareholders

Immediate and significant premium of approximately 47.5% to the closing price of the VersaPay Shares on December 12, 2019, and approximately 64.5% based on the 30-day VWAP.

All cash offer that is not subject to a financing condition.

"We are very pleased to be able to recommend this transaction to our shareholders, employees and customers," commented Art Mesher, Chairman of the Company, "With their deep knowledge of our industry and focus on supporting growth companies, Great Hill is uniquely positioned to understand our business and its long term potential, and help the Company to achieve that potential".

"Great Hill is excited to partner with the VersaPay team and provide the capital to execute on their growth strategies" stated Matt Vettel, Managing Partner at Great Hill Partners. Craig O'Neill, CEO of the Company added, "I'd like to thank our employees who have worked so hard to achieve the growth and success we've experienced to date, our customers who have put their trust in us, and our shareholders who have supported us as a public company. We're equally excited about our future working alongside Great Hill."

Independent Committee and Board of Directors Recommendations

An independent committee of VersaPay's Board of Directors (the "Committee") comprised of Arthur Mesher, Sheldon Pollack and David Dobson was constituted to consider the Transaction. Capital Canada Limited has provided a fairness opinion to the Committee (the "Fairness Opinion") stating that in its opinion, and based upon and subject to the assumptions, limitations and qualifications set forth therein, the Consideration to be received by the VersaPay Shareholders pursuant to the Transaction is fair, from a financial point of view, to the VersaPay Shareholders.

The Board of Directors, after receiving financial and legal advice, and following receipt of the Fairness Opinion and the unanimous recommendation of the Committee, has unanimously determined that the Transaction is in the best interests of VersaPay and is unanimously recommending that VersaPay Shareholders vote in favour of the Transaction.

In addition, directors and senior officers of VersaPay, who as of the date hereof collectively hold approximately 3.7% of the VersaPay Shares, have entered into agreements to support the Transaction and vote their VersaPay Shares in favour of the Transaction.

https://finance.yahoo.com/news/great-hill-partners-makes-cash-140000180.html

>>9928429

VersaPay

VersaPay Corporation is a Canadian financial technology company that specializes in accounts receivable software. It was listed on the TSX Venture Exchange under the symbol VPY between January 2010 and February 2020 when it was acquired by private equity firm Great Hill Partners for $126 million.

VersaPay is a financial technology company, that together with its partners, provides the hardware, technology, infrastructure and support services to enable businesses of all types to accept and process electronic payments. In addition, the Company's proprietary accounts receivable cloud automation software (ARC) that facilitates the efficient exchange of documents and payments between suppliers and customers.

In 2009, Canadian Business Magazine named VersaPay Corporation the fastest growing company in Canada. Revenue for VersaPay had grown from $50,000 in 2006 to $5.1 Million in 2008, processing an estimated $230 Million in 2008 from over 2800 clients, as of 2013 - VersaPay processes in excess of $1 Billion annually.[1]

VersaPay Corporation was founded in 2006 by Michael Gokturk and Kevin Short. VersaPay began accepting clients in 2007 as it set up the company’s headquarters in Vancouver, BC. VersaPay began to diversify its client-base by introducing a new proprietary payment processing solution[buzzword] for both B2B (business-to-business) and B2C (business-to-consumer) transactions.[2]

Partnership with Chase Paymentech

In January 2007, VersaPay partnered with the Canadian affiliate of Chase Paymentech, a United States-based payment processing company. This strategic partnership allowed VersaPay to begin processing commonly used electronic payment methods such as Visa, MasterCard, American Express, Discover, JCB, Interac Direct Debit and Interac Online. VersaPay began to use the Chase name when marketing VersaPay to clients in order to increase the assurance and reliability of the VersaPay’s products. After building up enough reputation, VersaPay stopped using the Chase name only one year later.[1]

Acquisition of Positive Inc

In February 2008, VersaPay acquired a 75% interest in Positive Inc., a wireless payment technology provider, to offer this option to their clients. In June 2010, VersaPay agreed to sell its ownership in Positive Inc. back to the company in return for shares in VersaPay.[citation needed]

Initial Public Offering

VersaPay began trading on the TSX Venture Exchange on January 20, 2010. VersaPay shares trade under the symbol "VPY".

Marketing Partnership with MasterCard International

In November 2012, VersaPay signed a marketing agreement with MasterCard International. This partnership gave merchants using VersaPay's proprietary platform preferential pricing in an effort to help drive new credit card usage in markets traditionally limited by low margin and that were historically cheque-driven.

Referral and Processing Agreement with Toronto Dominion Bank

In May 2013, VersaPay announced a referral and processing agreement with TD Merchant Services, an operating division of TD Bank. This relationship allowed VersaPay to process business-to-business electronic payment methods on VersaPay's cloud based payment processing solution.[buzzword] The solution[buzzword] is to be offered to North American Merchants sourced by TD and VersaPay.

>>9928779

Leadership Change

In May 2010, shortly after the Company's successful IPO on the Toronto Stock Exchange, the founder and CEO Michael Gokturk was abruptly replaced by the Board of Directors. Bill McGill, the Company's CFO at the time, assumed the role of CEO. Michael Gokturk resurfaced in January 2011 to launch his new payments company Payfirma, which was the first in Canada to deploy mobile payments on smartphones. In September 2013, VersaPay announced the departure of Bill McGill as CEO. Craig O'Neill, previously the co-founder and CEO of Xeye (sold to Odyssey Financial Technologies) - was appointed CEO of VersaPay.[citation needed]

Board Change

In August 2014, VersaPay announced Jason Gurandiano resigned as Chairman Of the Board of Directors. Art Mesher, previously CEO and Chairman of the board of The Descartes Systems Group was appointed new Chairman of the board of VersaPay.[citation needed]

Sale of Merchant Services Division

January 2017, VersaPay received shareholder approval for the sale of its Merchant Services division for proceeds up to $11,000,000. As part of this transition, BluePay (the purchaser) has acquired the Montreal office and its staff (with the exception of Patrick MacDonald who has been in the President position with the company since 2007) and all related agents, associations and processing partner relationships related to the merchant services business, the transaction was successfully completed on February 1, 2017.[citation needed]

Fintech

After completing the sale of its merchant services division in 2017, VersaPay became focused on offering its Accounts Receivable SaaS solution[buzzword] - VersaPay ARC, and started on-boarding enterprise accounts on its platform throughout North America. VersaPay announced in July 2017 that Royal Bank of Canada had partnered with VersaPay to white-label the ARC solution[buzzword] and offer it to their customer base.[3]

Later in May 2018, VersaPay announced a partnership with First Data to become a Payment Facilitator, starting in Canada and the USA, as part of its global merchant acquiring strategy to support worldwide payment acceptance for its customer base.[4]

Take Private Transaction

December 2019, Great Hill Partners a Boston-based growth-oriented private equity firm, tendered an all cash offer to acquire VersaPay for an estimated $129 million dollars in a take private transaction. [5]

Partnership with Great Hill Partners

In February 2020, VersaPay Corporation partnered with Great Hill Partners (Great Hill), a Boston-based leading private equity firm focused to development. This relationship reflects continued dedication to promoting the growth of SaaS-enabled businesses, and will include the tools required by the VersaPay team to pursue their global expansion.[6]

https://en.wikipedia.org/wiki/VersaPay

>>9928826

The funny thing about that is I guess AOC supported the walkout.

>>9928881

Sauce.

AOC Supports Wayfair Workers Walkout to Protest Company Selling Beds for Migrant Children

Published June 25, 2019 at 3:18pm

The conditions that migrant children are being held in at Customs and Border Patrol stations and government contractor facilities is in the national spotlight as the Cloward-Piven strategy of overloading government systems to collapse the system plays out on our southern border with Mexico. Children are being used as pawns by cartels, families, activists and Democrats to weaken and collapse U.S. border and immigration control.

Communist Rep. Alexndria Ocasio-Cortez (D-NY), who has likened the conditions migrant children are being held in to concentration camps, is now supporting a Wayfair workers walkout taking place Wednesday at the company’s Boston headquarters over the company refusing woke worker demands to selling beds to government contractors for the children. You read that right, AOC is now protesting children being given beds to sleep on so they don’t have to sleep on concrete floors in overcrowded facilities.

“Wayfair workers couldn’t stomach they were making beds to cage children. They asked the company to stop. CEO said no. Tomorrow, they‘re walking out. This is what solidarity looks like – a reminder that everyday people have real power, as long as we’re brave enough to use it.”

https://www.thegatewaypundit.com/2019/06/aoc-supports-wayfair-workers-walkout-to-protest-company-selling-beds-for-migrant-children/

>>9928870

Knowing, and having the evidence to prove it are two different things.