Neon Bloom, Inc. has successfully completed the acquisition of Advanced Executive Sales, LLC (AES), a prominent financial services company specializing in electronic payment and card processing solutions. The deal, finalized after several months of negotiations, involves a significant restructuring of company shares. Greg Bauer, the Managing Member of AES, has been appointed to the Neon Bloom Board of Directors and named Chief Executive Officer. The acquisition is strategically significant for Neon Bloom, which aims to capitalize on AES’s highly regarded e-Commerce and Point of Sale transaction solutions to anchor its expansion into the financial services sector. The move is expected to increase Neon Bloom’s annual revenue to over $20 million, with AES projected to assist in further acquisitions of FinTech firms. Neon Bloom ultimately plans to leverage organic growth and additional acquisitions to boost its revenue and net asset value.

Financial Services, FinTech, Life Sciences,United States

https://www.globenewswire.com/news-release/2024/06/21/2902529/0/en/Neon-Bloom-Completes-Acquisition-of-Advanced-Executive-Sales-LLC.html