private technology firms

The chief executive of Priority Technology is leading a buyout to take the payments company private in a deal valued at $1.6 billion, according to the Wall Street Journal. The move would remove the Georgia-based payments firm from public markets. Investors and industry watchers are weighing what the offer means for shareholders and the company's next chapter.

The Philadelphia Federal Reserve Bank has published five insights from its payments chief on the future of fintech, outlining how the sector is expected to evolve and how regulators and banks are responding to innovation in payments. The release touches on themes shaping the next phase of financial technology, from faster payments infrastructure to collaboration between regulators and private firms.

The US government has taken equity stakes in four quantum computing startups, extending Washington's recent pattern of direct investments in strategic technology companies. The move signals federal interest in securing a foothold in quantum computing, a field seen as critical to national security and economic competitiveness, and is drawing attention to how far the government will go in backing private tech firms.

HGGC is a private equity firm based in Palo Alto, California, that invests in middle-market companies, with a particular focus on technology and services businesses. The firm pursues buyouts and growth investments in mid-sized companies across these sectors, positioning itself as an active investor in the middle-market technology and services space.

Priority Technology Holdings investors have been notified of an ongoing investigation into the proposed $8.05 per share take-private deal led by CEO Thomas Priore. The legal alert asks shareholders to review whether the offer price fairly values the payments company and whether the process protects minority investors before the transaction moves forward.