Creditcall, an omni-channel payment gateway and EMV solutions provider, today announces it has signed a definitive agreement to be acquired by NMI, a leading provider of payments enablement technology for independent sales organisations (ISOs), independent software vendors (ISVs), value-added resellers (VARs) and Payment Facilitators.
“We are excited to join forces with NMI as our solutions are highly complementary and will create a unique payment technology company,” commented Lars Pedersen, chief executive officer of Creditcall. “By combining our EMV technology and card-present expertise with NMI’s market-leading card-not-present white-label payment gateway platform, we will become a one-stop-shop for omni-channel solutions for our partners and customers.”
The acquisition will bring together NMI’s nearly two decades of ecommerce and mcommerce expertise with Creditcall’s industry leading support for EMV chip card, swipe and contactless enabled payment devices. It will also create the payment industry’s most versatile omni-channel payment gateway platform across North America and Europe. This will increase choice, accelerate time to market and remove payment complexities for integrators and their merchant customers.
With offices in Bristol UK and New York City, NY, USA, Creditcall has expanded over the past two decades from its core offering of payment functionality in parking, ticketing, transportation and vending and has moved into the world of retail and hospitality. The addition of NMI’s Pleasant Grove, UT, USA and Roselle, IL, USA offices will increase the total talent pool to more than 160 staff, providing support and payments solutions across multiple time zones and regions.
The combined company accounts for more than $45B of payment volume per annum, and customers and partners will benefit from more than 165 processor integrations and over 100 device certifications worldwide.
“The payment technology requirements of today’s merchants are more complex than ever—they need to accept and process payments in all sales channels and environments,” said Roy Banks, chief executive officer of NMI. “The need for a single vendor and platform that seamlessly integrates and simplifies the complexities of card-present and card-not-present payments has never been greater, and the combination of NMI and Creditcall will finally deliver a true omnichannel solution.”
Realising their investment from the sale of Creditcall, FPE Capital and Bestport Ventures, both with focus on UK technology businesses, invested in Creditcall back in 2012 to support the company’s development. NMI is backed by global private equity firms, Francisco Partners and Great Hill Partners, both of which specialise in investments in technology and technology-enabled businesses.