Equiniti, a leading provider of technology led solutions to clients with complex and regulated administration needs, today announces that it has completed the acquisition of TransGlobal Payment Solutions (“TransGlobal”), announced on 14th July.
TransGlobal is the technology company that powers the platform for the Group’s foreign exchange payments business, Equiniti International Payments.
TransGlobal provides foreign exchange payments via PayFac, a proprietary cloud based foreign exchange and payment platform servicing a global portfolio of corporate clients. This transaction follows a series of capability enhancing acquisitions for the Group focused on technology.
Guy Wakeley, Chief Executive of Equiniti, said: “We are delighted to have completed the acquisition of TransGlobal, which will further strengthen our position as a provider of innovative technology platforms to some of the best known brands in the UK.
Equiniti has worked in partnership with TransGlobal since the launch of Equiniti International Payments in 2011, and so the software is already fully integrated within existing operations. This transaction is a good example of the progress we continue to make in expanding the range of services we offer clients, thereby driving growth through high quality acquisitions.”