Six-Member Slate Possesses Necessary Software, Legal Technology, Operations and Capital Allocation Experience to Oversee a Value-Enhancing Turnaround Believes Significant Boardroom Change is Warranted Following Years of Disappointing Shareholder Returns, Value-Destructive M&A, High Employee Turnover, Inappropriate Executive Compensation and Anti-Shareholder Actions Upcoming Annual Meeting Provides Opportunity for Shareholders to Elect Leaders Who Will Hold Management Accountable, Close Dye & Durham's Valuation Gap and Restore Trust with Company Stakeholders Engine Capital LP (together with its affiliates, "Engine" or "we"), which owns approximately 7.1% of the issued and outstanding comm

NOTE TO EDITORS: The Following is an Investment Opinion Issued by Spruce Point Capital Management Warns Investors That Nuvei was Recently Listed as a Creditor in the FTX Bankruptcy; Spruce Point's Research Indicates Nuvei was Likely an FTX Investor Nuvei Recently Hired FTX's Global Head of Payments as a Senior Vice President Despite His Track Record of Previous Failed Business Ventures Connected With Multiple Controversial People Believes That Nuvei's $1.3 Billion Levered Acquisition of Paya Holdings is Obscuring Nuvei's Underlying Growth Challenges Questions Paya's Organic Growth, Cash Flow and Customer Representations Made to Nuvei Which it Relied Upon in its Acquisition Sees 35

Adds Leading U.S. Provider of Integrated Payment and Commerce Solutions to Further Bolster Diversified PlatformAnticipates Results for Fourth Quarter and Fiscal Year 2022 In Line with Previously Provided OutlookSets Conference Call to Announce Fourth Quarter and Fiscal Year 2022 Results for March 8, 2023 MONTREAL, Feb. 22, 2023 (GLOBE NEWSWIRE) -- Nuvei Corporation ("Nuvei" or the "Company") (NASDAQ:NVEI) (TSX:NVEI), the Canadian fintech company, announces today that it has completed its acquisition of Paya Holdings Inc. ("Paya") (NASDAQ:PAYA). Paya amplifies Nuvei's existing growth strategy and expands its reach into new underpenetrated and non-cyclical verticals where Nuvei's proprietar

Sale of Leading Integrated Payments Provider Follows Significant Transformation and Successful Execution of The Leaders Strategy™ within the Payments Industry CHICAGO, Jan. 9, 2023 /PRNewswire/ -- GTCR, a leading private equity firm, announced today that portfolio company Paya Holdings Inc. (NASDAQ:PAYA), a leading integrated payments provider, has signed a definitive agreement with Nuvei Corporation (TSX:NVEI) (NASDAQ:NVEI) to be acquired in an all-cash transaction through a tender offer with a total enterprise value of approximately $1.3 billion. Following Paya's listing as a publicly-traded company, GTCR remained Paya's largest shareholder and the firm supports this transaction.

MONTREAL and ATLANTA, Jan. 09, 2023 (GLOBE NEWSWIRE) -- Nuvei Corporation ("Nuvei" or the "Company") (NASDAQ:NVEI) (TSX:NVEI), the Canadian fintech company, and Paya Holdings Inc. ("Paya") (NASDAQ:PAYA), a leading provider of integrated payment and commerce solutions in the U.S., today announced that they have entered into a definitive agreement whereby Nuvei will acquire Paya in an all-cash transaction at USD $9.75 per share for total consideration of approximately $1.3 billion. "The proposed acquisition of Paya is a powerful next step in the evolution of Nuvei, creating a preeminent payment technology provider with strong positions in global eCommerce, Integrated Payments and business-t

eProcessingNetwork, LLC (ePN), is pleased to offer the latest in mobile payment solutions with a first-to-market mobile Remote Deposit Capture (RDC) through Paya Services and ePNMobile. HOUSTON, Dec. 21, 2022   /PRNewswire-PRWeb/ -- eProcessingNetwork, LLC (ePN), a software development company specializing in secure real-time transaction processing, services, and support, announced today it has partnered with Paya (NASDAQ:PAYA), a leading integrated payments and commerce solution provider, to offer its first-to-market mobile remote deposit capture (mRDC) payment solution. Available through Paya and ePNMobile payment applications, it provides small-to-mid-sized merchants easy check acceptance

ATLANTA, Dec. 20, 2022 (GLOBE NEWSWIRE) -- Paya (NASDAQ:PAYA), a leading integrated payments and commerce solution provider, today announced a partnership with POS system vendor 1Retail to provide them with access to EMV contactless and stored payments in Acumatica Cloud enterprise resource planning (ERP) software. Paya's improved checkout experience offers best-in-class hardware and complete reconciliation of all credit card and ACH payments. The Paya and 1Retail integration enables a convenient EMV or contactless checkout experience and allows returning customers to make purchases from stored payment information in the Acumatica ERP without a physical card present. This is ideal for bus

ATLANTA, Nov. 04, 2022 (GLOBE NEWSWIRE) -- Paya Holdings Inc. (NASDAQ:PAYA) ("Paya Holdings", "Paya" or the "Company"), a leading provider of integrated payment and commerce solutions, today reported financial results for its third quarter ended September 30, 2022. "Paya again delivered a strong quarter of financial results, led by our integrated solutions and ACH businesses," said Jeff Hack, Paya chief executive officer. "We continue to see momentum in our high growth and underpenetrated middle market partners in durable end-markets, principally B2B, not-for-profit, healthcare and government. We remain on track to deliver on our 2022 technology investments and believe that the combinat

ATLANTA, Oct. 31, 2022 (GLOBE NEWSWIRE) -- Paya (NASDAQ:PAYA), a leading integrated payments and commerce solution provider, today announced its new UtilityConnect™ billing and payments solution, which introduces a new user interface and features that help governments, municipalities, and private utilities improve citizen engagement and payment experiences. UtilityConnect assists administrators with billing and collections management while providing citizens an intuitive portal to view and pay bills. Beyond helping utilities deliver a flexible and frictionless payment experience, the redesigned UtilityConnect platform offers a host of new features to improve the quality and frequenc

ATLANTA, Oct. 21, 2022 (GLOBE NEWSWIRE) -- Paya Holdings Inc. (NASDAQ:PAYA) ("Paya Holdings", "Paya" or the "Company"), a leading integrated payments and commerce solution provider, today announced that Paya CEO Jeff Hack and CFO Glenn Renzulli will host a conference call to discuss third quarter 2022 financial results on November 4, 2022 at 8:30 am ET. To listen to the webcast, please visit the Investor Relations section of Paya's website at https://investors.paya.com/. For listeners who wish to participate in the question and answer session via telephone, please pre-register at Paya Holdings Call Registration. All registrants will receive dial-in information and a PIN allowing them to a

NOTE TO EDITORS: The Following is an Investment Opinion Issued by Spruce Point Capital Management Warns Investors That Nuvei was Recently Listed as a Creditor in the FTX Bankruptcy; Spruce Point's Research Indicates Nuvei was Likely an FTX Investor Nuvei Recently Hired FTX's Global Head of Payments as a Senior Vice President Despite His Track Record of Previous Failed Business Ventures Connected With Multiple Controversial People Believes That Nuvei's $1.3 Billion Levered Acquisition of Paya Holdings is Obscuring Nuvei's Underlying Growth Challenges Questions Paya's Organic Growth, Cash Flow and Customer Representations Made to Nuvei Which it Relied Upon in its Acquisition Sees 35

Adds Leading U.S. Provider of Integrated Payment and Commerce Solutions to Further Bolster Diversified PlatformAnticipates Results for Fourth Quarter and Fiscal Year 2022 In Line with Previously Provided OutlookSets Conference Call to Announce Fourth Quarter and Fiscal Year 2022 Results for March 8, 2023 MONTREAL, Feb. 22, 2023 (GLOBE NEWSWIRE) -- Nuvei Corporation ("Nuvei" or the "Company") (NASDAQ:NVEI) (TSX:NVEI), the Canadian fintech company, announces today that it has completed its acquisition of Paya Holdings Inc. ("Paya") (NASDAQ:PAYA). Paya amplifies Nuvei's existing growth strategy and expands its reach into new underpenetrated and non-cyclical verticals where Nuvei's proprietar

MONTREAL and ATLANTA, Jan. 09, 2023 (GLOBE NEWSWIRE) -- Nuvei Corporation ("Nuvei" or the "Company") (NASDAQ:NVEI) (TSX:NVEI), the Canadian fintech company, and Paya Holdings Inc. ("Paya") (NASDAQ:PAYA), a leading provider of integrated payment and commerce solutions in the U.S., today announced that they have entered into a definitive agreement whereby Nuvei will acquire Paya in an all-cash transaction at USD $9.75 per share for total consideration of approximately $1.3 billion. "The proposed acquisition of Paya is a powerful next step in the evolution of Nuvei, creating a preeminent payment technology provider with strong positions in global eCommerce, Integrated Payments and business-t

ATLANTA, Nov. 04, 2022 (GLOBE NEWSWIRE) -- Paya Holdings Inc. (NASDAQ:PAYA) ("Paya Holdings", "Paya" or the "Company"), a leading provider of integrated payment and commerce solutions, today reported financial results for its third quarter ended September 30, 2022. "Paya again delivered a strong quarter of financial results, led by our integrated solutions and ACH businesses," said Jeff Hack, Paya chief executive officer. "We continue to see momentum in our high growth and underpenetrated middle market partners in durable end-markets, principally B2B, not-for-profit, healthcare and government. We remain on track to deliver on our 2022 technology investments and believe that the combinat

ATLANTA, Oct. 21, 2022 (GLOBE NEWSWIRE) -- Paya Holdings Inc. (NASDAQ:PAYA) ("Paya Holdings", "Paya" or the "Company"), a leading integrated payments and commerce solution provider, today announced that Paya CEO Jeff Hack and CFO Glenn Renzulli will host a conference call to discuss third quarter 2022 financial results on November 4, 2022 at 8:30 am ET. To listen to the webcast, please visit the Investor Relations section of Paya's website at https://investors.paya.com/. For listeners who wish to participate in the question and answer session via telephone, please pre-register at Paya Holdings Call Registration. All registrants will receive dial-in information and a PIN allowing them to a

ATLANTA, Aug. 05, 2022 (GLOBE NEWSWIRE) -- Paya Holdings Inc. (NASDAQ:PAYA) ("Paya Holdings", "Paya" or the "Company"), a leading provider of integrated payment and commerce solutions, today reported financial results for its second quarter ended June 30, 2022. "Paya delivered another strong quarter in financial results, led by our integrated solutions and ACH businesses," said Jeff Hack, Paya chief executive officer. "Q2 included the addition of Promise, a SaaS-based government payments company which enables government agencies to provide payment flexibility for citizens who are unable to pay their bills in full, as well as Office Ally, a leading US provider of electronic clearinghouse s

ATLANTA, July 22, 2022 (GLOBE NEWSWIRE) -- Paya Holdings Inc. (NASDAQ:PAYA) ("Paya Holdings", "Paya" or the "Company"), a leading integrated payments and commerce solution provider, today announced that Paya CEO Jeff Hack and CFO Glenn Renzulli will host a conference call to discuss second quarter 2022 financial results on August 5, 2022 at 8:30 am ET. To listen to the webcast, please visit the Investor Relations section of Paya's website at https://investors.paya.com/. For listeners who wish to participate in the question and answer session via telephone, please pre-register at Paya Holdings Call Registration. All registrants will receive dial-in information and a PIN allowing them to ac

ATLANTA, May 10, 2022 (GLOBE NEWSWIRE) -- Paya Holdings Inc. (NASDAQ:PAYA) ("Paya Holdings", "Paya" or the "Company"), a leading provider of integrated payment and commerce solutions, today reported financial results for its first quarter ended March 31, 2022. "Paya delivered strong financial results in the quarter, led by our integrated solutions and ACH businesses, which together represented nearly 80% of our total revenue," said Jeff Hack, Paya chief executive officer. "Our market leading solutions and superior customer service continues to differentiate Paya in the key markets and verticals we serve. While early, we are starting to see favorable results from some of the modest increme

ATLANTA, April 27, 2022 (GLOBE NEWSWIRE) -- Paya Holdings Inc. (NASDAQ:PAYA) ("Paya" or the "Company"), a leading integrated payments and commerce solution provider, today announced that the Company will release its first quarter 2022 financial results on Tuesday, May 10, 2022 after market close. On Wednesday, May 11, 2022, at 8:00am ET, Paya CEO Jeff Hack and CFO Glenn Renzulli will host a conference call to discuss these results. Investors are invited to listen to a live webcast of the conference call through the investor relations section of the Paya website at investors.paya.com. The conference call can also be accessed live by dialing 833-665-0668 and referencing conference ID 269166

ATLANTA, March 01, 2022 (GLOBE NEWSWIRE) -- Paya Holdings Inc. (NASDAQ:PAYA) ("Paya Holdings," "Paya" or the "Company"), a leading provider of integrated payment and commerce solutions, today reported financial results for its fourth quarter and full year ended December 31, 2021. "Paya finished the year on a strong note driven by our integrated payments and ACH solutions, and the continued favorable trends in the key markets we serve, especially B2B," said Paya chief executive officer Jeff Hack. "Building upon these results with the recently closed acquisition of VelocIT, our recent B2B accounts payable partnership, and the launch of PayaGov, unifying our government-focused solutions and

Morgan Stanley reiterated coverage of Paya Holdings with a rating of Equal-Weight and set a new price target of $5.50 from $6.50 previously

Credit Suisse reiterated coverage of Paya Holdings with a rating of Outperform and set a new price target of $8.50 from $11.00 previously

Raymond James reiterated coverage of Paya Holdings with a rating of Outperform and set a new price target of $8.00 from $11.00 previously

BTIG Research reiterated coverage of Paya Holdings with a rating of Buy and set a new price target of $10.00 from $15.00 previously

Morgan Stanley reiterated coverage of Paya Holdings with a rating of Equal-Weight and set a new price target of $6.50 from $8.50 previously

Tigress Financial initiated coverage of Paya Holdings with a rating of Buy and set a new price target of $15.00

Raymond James reiterated coverage of Paya Holdings with a rating of Outperform and set a new price target of $11.00 from $15.00 previously

Morgan Stanley initiated coverage of Paya Holdings with a rating of Equal-Weight and set a new price target of $11.00

Truist Securities initiated coverage of Paya Holdings with a rating of Buy and set a new price target of $15.00

Cantor Fitzgerald initiated coverage of Paya Holdings with a rating of Overweight and set a new price target of $14.00