GTCR LLC is buying RevSpring Inc., a billing and customer communications service provider for businesses, and has agreed to commit up to $400 million in capital to make add-on acquisitions in the payments industries. The deal is expected to close Nov. 2016.
RevSpring’s technology serves as an online portal for companies to engage with customers, provide payment options, and allows customers to sign documents electronically. The portal also provides data insights to help businesses improve performance. RevSpring, headquartered in Wixom, Michigan, services more than 2,000 clients that represent the healthcare and financial service industries. The target was formed as a result of a merger between PSC Info Group and Dantom Systems in 2012.