[1] 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 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.

[3] In January 2007, Versapay partnered with the Canadian affiliate of Chase Paymentech, a United States-based payment processing company.

[2] In February 2008, Versapay acquired a 75% interest in Positive Inc., a wireless payment technology provider, to offer this option to their clients.

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 margins and that was historically cheque-driven.

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.

This relationship reflects a 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.

DadeSystems has been a long-term technology partner of Versapay, offering their flagship product, DadePay, to automate cash application.