Harris Williams Advises PayIt on its Strategic Investment from Insight Partners

March 28, 2019

Harris Williams, a global investment bank specializing in M&A advisory services, announces that it advised PayIt on its strategic investment from Insight Partners (Insight). PayIt, a portfolio company of Advantage Capital and Weatherford Capital, is a leading provider of integrated government software and payments solutions. The transaction was led by Tyler Dewing, Mike Wilkins, Priyanka Naithani and Mike Quealy of Harris Williams’ Technology, Media & Telecom (TMT) Group.  

“PayIt is pursuing a massive market opportunity in a sector that is ripe for software innovation, and is fundamentally changing the way citizens interact with government,” said Tyler Dewing, a managing director at Harris Williams. “Under the leadership of John Thomson, founder and CEO, and Mike Plunkett, co-founder and COO, PayIt has emerged as a truly next-generation platform that improves government operations, revenue collection and engagement through an elegantly designed and intuitive digital experience.”

“PayIt’s trajectory is truly impressive and speaks to the overwhelming demand for consumer-grade software in the public sector,” added Mike Wilkins, a managing director at Harris Williams. “We’re thrilled to see PayIt partner with an experienced government and financial technology investor in Insight, and we’re excited to see the company continue to execute on its tremendous growth plan.”

PayIt is a leading provider of cloud-based digital government software and payments solutions. The company improves the way citizens interact with government by providing a modern, mobile technology platform designed to simplify the maze of government agencies and provide users with an intuitive, contextual experience. PayIt’s platform utilizes highly configurable and extensible rules-based software, enabling a diverse range of government entities to improve the delivery of services to their citizens. The company’s solution seamlessly integrates across existing technology infrastructure to connect disparate systems and data, making government smarter, modern and more convenient for all constituents.

Insight is a leading global venture capital and private equity firm investing in high-growth technology and software companies that are driving transformative change in their industries. Founded in 1995, Insight currently has over $20 billion of assets under management and has cumulatively invested in more than 300 companies worldwide. The firm’s mission is to find, fund and work successfully with visionary executives, providing them with practical, hands-on growth expertise to foster long-term success.

Harris Williams, an investment bank specializing in M&A advisory services, advocates for sellers and buyers of companies worldwide through critical milestones and provides thoughtful advice during the lives of their businesses. By collaborating as one firm across Industry Groups and geographies, the firm helps its clients achieve outcomes that support their objectives and strategically create value. Harris Williams is committed to execution excellence and to building enduring, valued relationships that are based on mutual trust. Harris Williams is a subsidiary of the PNC Financial Services Group, Inc. (NYSE: PNC).

Harris Williams’ TMT Group advises leading private and public companies, entrepreneurs, private equity firms and venture capital firms on mergers and acquisitions and capital-raising transactions worldwide. The TMT Group has deep domain expertise in the Software/SaaS and Internet & Digital Media segments, with particular emphasis on specific verticals including education technology, data analytics, energy technology, fintech, public sector, and supply chain/logistics—with a dedicated healthcare technology (HCIT) practice. Across verticals, the firm also advises technology services and networking solutions businesses. For more information on the TMT Group and its recent transactions, visit the TMT Group’s section of the Harris Williams website.

Harris Williams LLC is a registered broker-dealer and member of FINRA and SIPC. Harris Williams & Co. Ltd is a private limited company incorporated under English law with its registered office at 5th Floor, 6 St. Andrew Street, London EC4A 3AE, UK, registered with the Registrar of Companies for England and Wales (registration number 07078852). Harris Williams & Co. Ltd is authorized and regulated by the Financial Conduct Authority. Harris Williams & Co. Corporate Finance Advisors GmbH is registered in the commercial register of the local court of Frankfurt am Main, Germany, under HRB 107540. The registered address is Bockenheimer Landstrasse 33-35, 60325 Frankfurt am Main, Germany (email address: hwgermany@harriswilliams.com). Geschäftsführer/Directors: Jeffery H. Perkins, Paul Poggi. (VAT No. awaited). Harris Williams is a trade name under which Harris Williams LLC, Harris Williams & Co. Ltd and Harris Williams & Co. Corporate Finance Advisors GmbH conduct business.