ZipLine, a Portland-based provider of private-label debit card and mobile payment technology, has been acquired by Atlanta-based Professional Datasolutions Inc. (PDI), a global provider of enterprise software for the convenience retail and petroleum wholesale industries.

The terms of the deal were not disclosed.

PDI acquired ZipLine because it’s a natural extension of its existing business within the convenience retail store vertical. ZipLine processes over six million transactions a month for retailers like Circle K, Cumberland Farms, Irving Oil, Giant Eagle, and Spinx, according to a news release.

“We feel confident that PDI is the perfect match for our best-in-class payment platform,” Stephen Goodrich, ZipLine’s CEO, said in a statement. “The combination of both entities will strongly support our merchant partners in enhancing the guest experience and brand affinity.”

ZipLine employs 61 people in Portland, according to Mainebiz. A PDI spokesman told Mainebiz that ZipLine’s technology will be bundled with PDI’s existing offerings and the company will adopt PDI’s corporate brand. When asked the fate of the Portland office and local workforce, the spokesman told Mainebiz the company is “not making any immediate decisions.”

“The location strategy will be addressed as part of the integration process in the coming months,” he said.

ZIPLINE AND PORTLAND’S FINTECH CLUSTER

ZipLine hasn’t always been based in Portland. It was founded in Florida in 2005. The fintech company’s Maine connection was made in 2012 when Goodrich became its new CEO.

Goodrich has been a long-time member of Portland’s fintech cluster, having worked at First Merchants Bancard Services, one of the early Portland companies credited along with WEX and a few others with developing the cluster. An out-of-state company acquired First Merchants in 2002 and closed the Portland office, leading former employees like Goodrich to create new companies. Goodrich founded PowerPay, while two other companies (Vision Payments Solutions and Nationwide Payment Solutions) also were created in the wake of First Merchants departure from Portland (all three of those companies have since been acquired by EVO Payments). EVO Payments recently announced plans to lay off almost its entire workforce in Portland.

After selling PowerPay to EVO Payments, Goodrich in 2012 became ZipLine’s new CEO and eventually moved the company’s HQ to Portland, adding it to the city’s existing fintech cluster, which also includes WEX, BlueTarp, CashStar, Municipay, Guideline (has a dev office here), and DAVO Technologies.

ZipLine in July 2019 acquired SmartClixx, a gift card payment platform based in Florida.