About This Deal

Block acquired Kili Technology, a transaction announced in March 2015.

Kili Technology operates in Square (Hardware), is based in Canada (Toronto). Square acquired Kili Technology, a company that developed silicon, electronics, and software to simplify and optimize payment processing. The acquisition supported Square's effort to build thinner, smarter, more accurate and reliable payments hardware as the landscape shifted toward EMV and NFC. The Kili team continued operations in Toronto, which became Square's second office in Canada.

Kili's silicon, electronics, and software expertise helped Square continue delivering simple, affordable, smarter, and safer payments hardware for small-business sellers amid the shift to EMV and NFC.

Deal Terms

Acquirer
Block
Target
Kili Technology
Value
Not disclosed
Date
March 2015
Type
Acquisition
Status
Official-source — no SEC filing

Transaction Details

Target HQ
Canada (Toronto)
Segment
Square (Hardware)
Announced
March 11, 2015

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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