WorkStride

Canaccord Genuity Acts as Exclusive Financial Advisor to WorkStride on Sale to Prepaid Technologies, a Portfolio Company of Edison Partners

Canaccord Genuity is pleased to announce that Prepaid Technologies, a leading provider of payment solutions and portfolio company of Edison Partners, has announced its acquisition of WorkStride, a provider of tech-enabled services focused on delivering rewards solutions to the enterprise client. Canaccord Genuity acted as exclusive financial advisor to WorkStride.

Through its proprietary SaaS platform combined with an integrated rewards technology, WorkStride solves the complex rewards challenges faced by today's enterprise market. WorkStride’s turnkey enterprise rewards solution includes a unique performance wallet for individuals to store, manage and redeem rewards. WorkStride provides its clients with results-driven solutions that reward, engage, and motivate positive behaviors through award-winning solutions, technology, and support. Headquartered in New York, NY, WorkStride is an expanding business with over 100 customers across a range of industries including many leading brands.

Founded in 1998, Prepaid Technologies is the fintech solution and payments program manager for more than 1,700 customers, providing innovative digital payment solutions including payroll, expense, gift, reward and incentive card products to employers, financial institutions, and government agencies. For 35 years, Edison Partners has been helping CEOs and their executive teams grow and scale successful companies. The firm's investment team brings extensive investing and operating experience to each investment. Through a unique combination of growth capital and the Edison Edge platform, consisting of operating centers of excellence, the Edison Director Network, and executive education programs, Edison employs a truly integrated approach to accelerating growth and creating value for businesses.