Innuity

About Innuity

Founded in 1999, Innuity, Inc. operates from Redmond, Washington, as a provider of integrated payment processing and software solutions tailored for small to medium-sized businesses in the U.S. and internationally. The company's technology is built on an on-demand model, designed to simplify interactions between businesses and their customers, partners, and vendors for more efficient management. In May 2000, Innuity secured $15 million in a Series A funding round led by Crescendo Ventures. Innuity's business model focuses on delivering a comprehensive suite of payment services through its proprietary brands, Merchant Partners and Acquirint Payment Processing. Merchant Partners offers a product lineup that includes a payment gateway (both API and hosted), ACH/check processing, recurring billing systems, shopping carts, and tools for fraud management. Acquirint Payment Processing provides merchant accounts, Point-of-Sale (POS) and Mail Order/Telephone Order (MOTO) payment processing, along with additional shopping cart and fraud management solutions. The company generates revenue through fees associated with these payment processing and software services. Over the years, Innuity has engaged in various strategic transactions, including multiple asset purchase agreements. Notably, the company entered into agreements with CreditDiscovery, LLC and Acquirint, LLC in 2006, and later with Radiant Systems, Inc. and Web.com Group, Inc. These actions indicate a strategy focused on growth and the consolidation of assets within the payment and business solutions space. The company was incorporated in Delaware and has maintained its position by offering a broad menu of payment services that cater to a wide base of merchants.