Worldpay, which is owned by Advent International and Bain Capital, has completed its buy of SecureNet Payment Systems. The seller was Sterling Partners. No financial terms were disclosed. Based in Austin, Texas, SecureNet is a payment solutions provider.
LONDON & ATLANTA & AUSTIN, Texas–(BUSINESS WIRE)–Worldpay, a leading global provider of payments technology and services to merchants, partners and developers, announced today it has officially closed its acquisition of SecureNet Payment Systems from private equity firm Sterling Partners.
SecureNet, based in Austin, TX, pioneered the payment industry’s only cloud-based solution to seamlessly integrate point-of-sale, mobile and eCommerce payments processing, inventory management and data analytics for merchants.
Worldpay says the acquisition will dramatically accelerate its strategic shift from a more traditional processor to a multichannel payments integrator that enables businesses to accept payments any way their customers want to pay. According to Worldpay US President and CEO Tony Catalfano, the move away from traditional transaction processing to enabling consumer-driven purchasing experiences across channels is the future of commerce.
“As the leaders in modern money, Worldpay is bridging payments acceptance with consumer buying preferences to produce actionable data business owners can use to drive more sales in their stores,” said Catalfano. “And acquiring SecureNet’s market-leading payments technology platform will allow Worldpay customers to always make the sale, regardless of how their customers want to pay.”
With the acquisition, Worldpay also gains SecureNet’s extensive network of more than 100 referral and integrated partners, and relationships with more than 17,000 merchants. SecureNet has several patents pending for its technology and a strong track record of rapid innovation delivery.
“Simplify and streamline the payments experience will remain our commitment as we become part of Worldpay,” said SecureNet Payment Systems CEO Brent Warrington. “Today’s global consumers are savvy and demand an ever evolving retail experience. As Worldpay, we can deliver more value to more customers through more distribution channels that can fuel future growth and continued innovation for merchants, partners and developers.”
Brent Warrington and the SecureNet team will remain with Worldpay, which will maintain its commitment to the growing Austin, TX technology community.
Also this month, Worldpay announced it will relocate its U.S. headquarters and 671 Atlanta-based employees to Atlanta’s Atlantic Station office park and add 600 jobs over the next four years to keep pace with its rapid expansion. Worldpay will invest nearly $10 million in the relocation, which will begin in March 2015 and continue into 2016.
In 2013, Worldpay acquired Century Payments, another nationally recognized leader in the payments industry.
Worldpay is a leading global payments technology and services company, which allows merchants to accept payments anywhere in the world, across any channel. Headquartered in London and operating in over 30 countries, the company offers services across the entire payments value chain, including transaction capturing, merchant acquiring and transaction processing.
In 2014, the business is expected to process a total of nearly 10 billion transactions with a value of nearly half a trillion dollars, making it one of the largest payments companies in the world. The company employs over 4,700 people in markets throughout the US, Europe and Asia.
Worldpay is owned by private equity firms Advent International and Bain Capital alongside management and employees. For additional information visit Worldpay.com.