01 April 2015

Global Payments completes $420 million acquisition of PayPros

05 March 2014  |  783 views  |  0 Source: Global Payments

Global Payments Inc. (GPN), one of the largest worldwide providers of payment solutions, announced today that it has completed the acquisition of Payment Processing, Inc. (PayPros), an innovative provider of fully-integrated payment solutions for 58,000 small-to-medium sized merchants in the United States.

PayPros delivers its products and services through a network of over 1,000 technology-based enterprise software partners to vertical markets that are complementary to the markets served by Accelerated Payment Technologies, Inc., a Global Payments company since October 2012.
GLOBAL PAYMENTS logo

Under the terms of the agreement, Global Payments paid a purchase price of $420 million in cash, funded by a combination of cash on hand and the company's new unsecured term loan facility. The company does not expect the acquisition to have a material impact on its fiscal 2014 operating results.

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Related blogs

Create a blog about this story (membership required)

Related company news

 
Your browser is unable to support Flash files.

Top topics

Most viewed Most shared
Europe sets the pace as fintech investment...
6496 views comments | 30 tweets | 20 linkedin
UK online banking fraud losses soar 48%
6094 views comments | 16 tweets | 19 linkedin
Future Money Focus: Mariano Belinky, Santa...
5799 views comments | 12 tweets | 12 linkedin
Barclays and PayPal join Government ID acc...
5127 views comments | 11 tweets | 11 linkedin
Swift London Business Forum to continue di...
4789 views comments | 5 tweets | 4 linkedin

Featured job

Competitive
New York City, NY (USA)

Find your next job