17 July 2018
Register today

Global Payments acquires Realex Payments

25 March 2015  |  3119 views  |  0 Source: Global Payments

Global Payments Inc. (GPN), a leading worldwide provider of payment technology services, announced today the purchase of Realex Payments, one of Europe’s largest and fastest growing payment gateways providing a range of technology services for businesses selling online.

This transaction furthers Global Payments’ strategy to provide omni-channel solutions that combine gateway services, payment service provisioning and merchant acquiring across Europe.

“Realex Payments represents a strategic investment to expand our international omni-channel technology offerings, enhancing our go-to-market strategy in one of our largest regions with industry leading value-added products and services," said Global Payments' Chief Executive Officer, Jeff Sloan. "We are excited to further invest in our European businesses, continue to leverage our multinational footprint and accelerate our growth opportunities at a favorable time in Europe.”

Colm Lyon, CEO of Realex Payments, added, "We are thrilled to be joining the Global Payments team. The combination of Global Payments' multinational acquiring expertise with Realex Payments’ technologies and employees will position us well for global growth and expansion."

Realex Payments is one of the leading payment gateway technology providers in Europe, delivering a broad range of web solutions to corporate and business clients. In addition to traditional gateway and payment service provider capabilities, Realex Payments also provides enhanced analytics, real-time fraud-scoring, recurring payments and FX services, such as dynamic currency conversion and multi-currency processing.

Under the terms of the agreement, the transaction is valued at €115 million. Global Payments funded the acquisition through available liquidity, and it is not expected to have a material impact on the company's fiscal 2015 results or capital plans. Additional details will be provided during the company's earnings call on April 8, 2015, which will be webcast and accessible at www.globalpaymentsinc.com.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit https://secure.vasco.comVisit http://go.jumio.com/finextraAdVisit info.nice.com

Top topics

Most viewed Most shared
Handelsbanken trials micro contactless cardsHandelsbanken trials micro contactless car...
10413 views comments | 19 tweets | 30 linkedin
Metro Bank opens developer portalMetro Bank opens developer portal
9389 views comments | 5 tweets | 14 linkedin
Anything Visa can do...Mastercard takes time outAnything Visa can do...Mastercard takes ti...
8748 views comments | 6 tweets | 14 linkedin
Citi to streamline corporate receivables with HighRadiusCiti to streamline corporate receivables w...
7751 views comments | 1 tweets | 5 linkedin
Banks stand to reap $512 billion revenue boost from 'intelligent automation'Banks stand to reap $512 billion revenue b...
7518 views comments | 21 tweets | 30 linkedin

Featured job

Find your next job