Xplor Technologies, a global platform providing software and embedded payments solutions to businesses in "everyday life" verticals such as childcare & education, fitness & wellbeing, field services, and personal services, and Clubessential Holdings, a global SaaS and embedded payments provider for membership-based organizations, today announced that they have entered into a definitive agreement to combine their businesses. Terms of the agreement were not disclosed. 

The merger forms a global provider of software and payment solutions for Fitness & Wellness, Golf & Club, Parks & Recreation, and Home Services. The combined organization will serve more than 130,000 customers worldwide, process $47 billion in annual payments volume, employ approximately 2,500 people, and generate nearly $900 million in annual revenue. Customers can expect business as usual, while also benefiting from the scale, best practices, resources, and innovation shared across the expanded platform.

"I'm excited for the future we'll build as one team," said Randy Eckels, CEO of Clubessential Holdings. "Both companies have spent the last decade redefining what's possible in software and payments. Now, we'll bring that momentum together to accelerate innovation and deliver even more value to our customers."

Following the close of the transaction, the combined organization will be led by Randy Eckels, current CEO of Clubessential Holdings. Xplor CEO Pamela Joseph will transition to a non-executive director role on the company's Board of Directors, and Xplor CFO Justin LaChance will expand his role across the combined company.