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Thursday, Dec 1, 2022
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Friends Join Forces With Acquisition

Signature Card Services acquired in July the assets of iDeposit.net Inc., a payment gateway technology company. Terms of the deal between Signature, in Burbank, and iDeposit, in Pasadena, were not disclosed. The fintech transaction follows nearly two years of collaboration between the two companies in developing proprietary product features to serve Signature’s existing customer base. The deal will give Signature a platform and team of employees with the technical expertise to serve new software partners. Signature President Charles Hogan said the acquisition helps strengthen the company’s position in the growing mobile, e-commerce and independent software vendor markets. “iDeposit’s mobile, e-commerce and API solutions will be a great asset for (Signature) across all of our markets,” Hogan said in a statement. Founded in 2001, iDeposit has developed application programming interfaces that allow software applications to communicate with one another and a host of e-commerce and mobile-based payment products. Frank Gibbs, vice president of technology at Signature and formerly with iDeposit, said that designing and creating the iDeposit technology was an adventure in and of itself.

Mark Madler
Mark Madler
Mark R. Madler covers aviation & aerospace, manufacturing, technology, automotive & transportation, media & entertainment and the Antelope Valley. He joined the company in February 2006. Madler previously worked as a reporter for the Burbank Leader. Before that, he was a reporter for the City News Bureau of Chicago and several daily newspapers in the suburban Chicago area. He has a bachelor’s of science degree in journalism from the University of Illinois, Urbana-Champaign.
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