The deal will see the two businesses combine technologies with the new, merged company expected to offer integrated payment and point of sale products comprising a range of EPOS and card payment functions.
The acquisition of Intelligent Point of Sale is said to be part of iZettle’s plans to expand its business beyond its card payment service and offer a broader range of point of sale products to small businesses.
Robin Knox, chief executive and co-founder of Intelligent Point of Sale, said the firm has worked in partnership with iZettle for three years and described the acquisition as a “natural step”.
“As businesses increasingly are looking for a unified point of sale and payments experience this is a natural next step for us and for the market,” said Knox.
“Moreover, iZettle have the same ethos and values as us and we’re thrilled to be joining the team and developing future products that help small businesses thrive.”
Jacob de Geer, chief executive at iZettle, said that through the acquisition of Intelligent Point of Sale, “iZettle takes yet another step towards its mission of providing small businesses with a wide range of services and features that are critical to helping them grow and build empires”.