Deluxe Grows Non-Checks Business
ST. PAUL, Minn. – Check printer Deluxe Corp. continued its expansion of its small business services business with an acquisition of PsPrint, an online supplier of custom printed promotional products and mailing services to small- and medium-sized businesses.
The move is part of Deluxe’s continued diversification away from the checks market, which is rapidly being eclipsed by electronic transactions.
“PsPrint accelerates our web-to-print efforts, adding online marketing and promotional services capabilities. This is a great opportunity for us to leverage organic web-to-print investments with established systems and processes at PsPrint, expanding our presence in the fast growing web-to-print space,” said Lee Schram, CEO of Deluxe.
Financial terms of the deal were not disclosed. PsPrint is owned by private equity fund Sverika International.