Mr Aminaee has been appointed President of the new company, which is now called Spire Payments, and leads a business with an estimated base of 650,000 payment devices. The Company will retain all of its Spanish and UK management teams as well as nearly 200 staff and existing premises. The new business has the exclusive sale rights to Hypercom's range of Optimum and Artema Modular products in the UK and Spain.

Greg Klein, Chairman of KleinPartners, shared, "We are a new European player in the electronic payments sector, and we are dedicated to delivering innovation and secure, long term growth."

Dave Millener and Jose Maria Romero have been appointed to the positions of Managing Director, UK and Managing Director, Spain respectively. Commenting on the announcement Mr Millener commented, "It's good news for the UK and Spanish markets and for our longstanding customers and partners. Spire Payments will provide a real and independent alternative to other payment device vendors, with reliable products and experienced and trusted teams providing the same quality of support and service that our customers have come to expect from us."

Spire Payments intends to harness its unique position as an experienced, independent supplier of payment solutions to further consolidate its position in the Spanish and UK markets.

Kazem Aminaee is excited at the prospects for the company: "I'm delighted to be growing Spire Payments with the entire UK and Spanish leadership teams on board. It's an exciting time for the payments industry and I believe that buyers of payment solutions in UK and Spain will be pleased to see the emergence of Spire Payments, a terminal vendor they know they can trust. I'm committed to ensuring that our existing and future customers continue to receive the very best products, service and support as well as our new and competitive solutions in the future."