25 June 2017
visit www.finastra.com

Global Payments completes $420 million acquisition of PayPros

05 March 2014  |  1155 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)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit wavestone-advisors.co.ukvisit www.events.sap.comvisit www.www.fisglobal.com

Top topics

Most viewed Most shared
Live: EBAday 2017, day twoLive: EBAday 2017, day two
9586 views comments | 4 tweets | 5 linkedin
Worldpay pilots app-only mPOS for small retailersWorldpay pilots app-only mPOS for small re...
9168 views comments | 18 tweets | 27 linkedin
Live: EBAday 2017, day oneLive: EBAday 2017, day one
8736 views comments | 3 tweets | 4 linkedin
UK banks will need to change one million sort codes under ring-fencing rulesUK banks will need to change one million s...
8199 views comments | 8 tweets | 25 linkedin
What Banks and their customers can expect for the futureWhat Banks and their customers can expect...
7178 views comments | 7 tweets | 10 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job