Sysnet closes acquisition of SaaS Markets

Source: Sysnet Global Solutions

Sysnet Global Solutions, a market leader in payment card industry compliance services, specialising in PCI DSS compliance validation and merchant retention solutions for acquiring organisations, has closed its acquisition of SaaS Markets, the Enterprise Cloud Marketplace provider.

SaaS Markets is a leading provider of cloud marketplaces to companies across the globe. With this acquisition, Sysnet strengthens its leadership position as a global, Payments Industry software provider that delivers powerful and effective software and services to the world's leading Financial Services companies and enterprise consumers of PCI services. The terms of the acquisition have not been disclosed.

Post-closing, Sysnet strengthens its position in the North American and European markets combining the clients of both companies. Both organisations are recognised as leading providers in their respective fields with Sysnet incorporating the MarketMaker platform from SaaS Markets within the award winning Sysnet.air™ platform. Both companies have worked together closely over the past 2 years ensuring a seamless transition for customers and partners of SaaS Markets.

"First and foremost, I believe this acquisition benefits clients of both businesses because it expands the depth and breadth of our solutions and services, giving us even broader, leading-edge solutions for our clients", said Gabriel Moynagh CEO of Sysnet Global Solutions. Today, leading Acquirers around the world are looking for ever more progressive solutions to meet the needs of their merchants. With this acquisition, Sysnet solidifies its position as one of the market's leading Payments industry solution providers and, indeed, one of the most progressive".

"The sale of SaaS Markets represents the next phase of growth for our platform and Sysnet are the perfect partner to enable us to do this. Given the depth of Sysnet's experience in the financial services industry and the breadth of its operations, our MarketMaker platform will continue to develop and ultimately be adopted by the most progressive companies globally" said Ferdi Roberts, CEO & Founder of SaaS Markets. This represents a win for our clients and for the collective efforts of the employees who enabled led us to reach this outcome. I am tremendously excited by the opportunities that lie ahead and look forward to working with Sysnet to continue to build on our success to date. 

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