Global Payments Inc., a global provider of payment technology and software services, agreed to acquire Zego from Vista Equity Partners. Zego provides resident experience management software and digital commerce solutions to property managers primarily in the United States.
“We are delighted to expand our software and digital commerce portfolio with the addition of Zego, a real estate technology company that modernizes the resident experience with a comprehensive property management software platform,” said Cameron Bready, global payments president and chief operating officer. “This acquisition aligns perfectly with Global Payments’ strategy by enhancing our position at the convergence of software and payments in one of the largest and most attractive vertical markets worldwide, where digital commerce and omni-channel trends are rapidly accelerating.”
Under the terms of the acquisition agreement, Global Payments will acquire Zego in an all cash transaction valued at $925 million, inclusive of a tax asset. The effective purchase price is approximately $830 million, net of the tax asset.