VersaPay Corporation and Ten Coves Capital acquired DadeSystems, LLP on April 13, 2022. VersaPay Corporation acquired an unknown majority stake in DadeSystems. Ten Coves Capital, is rolling its stake into Great Hill Partners-backed Versapay, while both Great Hill Partners and Ten Coves Capital are contributing additional capital to fund the acquisition. The DadeSystems team will continue to operate in Miami and will be fully integrated with Versapay's North American teams. Chris Baugher, Scott Harty, John Shannon and Blake MacKay of Alston & Bird LLP acted as legal advisors to Versapay. William Blair acted as exclusive financial advisor and Morris, Manning & Martin LLP acted as legal advisor to DadeSystems.

VersaPay Corporation completed the acquisition of an unknown majority stake in DadeSystems, LLP on April 13, 2022.