December 11, 2014
This year witnessed some massive deals in the payments industry, specifically acquisitions. We reviewed some prominent deals which involved a total of $5.45 Bn being spent by the acquirers. Following are the highlights of each one of those deals:
Vantiv acquired Mercury Payment Systems
Vantiv made the acquisition in May spending around $1.65 Bn. Vantiv wanted to strengthen and expand its traditional Merchant and Financial Institutions businesses and looked at Mercury Payment Systems as a strategic partner channel for integrated payments. The deal helped accelerate Vantiv’s growth in the integrated payments space, which is expected to increase significantly over the next several years to potentially represent over 30% of total payments volume by 2017.
Ingenico acquired GlobalCollect
Ingenico made the acquisition in July spending around $1.12 Bn. This transaction helped Ingenico Group to get into a unique position with an unrivaled presence in 125 countries, connections to more than 1,000 banks and acquirers and acceptance of more than 250 traditional and alternative payment methods, from in-store terminals to on-line and mobile solutions (digital wallets, Apple Pay, etc.). It also helped enrich the Group’s value proposition to include electronic cash collection and settlement capabilities while significantly reinforcing its presence in the card not present space.
FIS Global acquired Clear2Pay
FIS Global made the acquisition in September spending around $493 Mn. The transaction brought new corporate payment solutions and services, inclusive of high-value and cross-currency corporate payments, payments managed services, and payments processing utilities that bolstered FIS’ payments portfolio across all geographies.
Ingenico acquired Ogone
Ingenico made the acquisition in January spending around $490 Mn. This acquisition represented a key milestone in the execution of Ingenico’s strategy of becoming the unique one-stop-shop provider covering multi-channel payment solutions: point-of-sale, online and mobile. With this acquisition, Ingenico also further reinforced its presence in POS ransactions while leveraging the attractive exposure to the online transactions growth.
Global Payments Inc acquired Payment Processing Inc (PayPros)
Global Payments Inc made the acquisition in January spending around $420 Mn. The acquisition of PayPros expanded Global Payments’ direct distribution, added new vertical markets, accelerated growth in their largest geography and further enhanced their existing integrated solutions business with the addition of PayPros' talented team. PayPros already delivered its products and services through a network of over 1,000 technology-based enterprise software partners to vertical markets that are complementary to the markets served by Accelerated Payment Technologies, Inc., a Global Payments company since October 2012.
Akamai Technologies acquired Prolexic Tecchnologies
Akamai Technologies made the acquisition in February spending around $370 Mn. By acquiring Prolexic, Akamai’s intention was to provide customers with a comprehensive portfolio of security solutions designed to defend an enterprise’s Web and IP infrastructure against application-layer, network-layer and data center attacks delivered via the Internet. By joining forces with Prolexic, Akamai intended to combine its leading security and performance platform with Prolexic’s highly-regarded DDoS mitigation solutions for data center and enterprise applications protection.
Intuit Inc acquired Check Inc
Intuit Inc made the acquisition in May spending around $360 Mn. The acquisition helped accelerate Intuit’s ability to offer bill pay across small business and personal finance products and create opportunities to retain, attract and serve additional customers. Through the acquisition, Intuit gained a critical consumer payments capability that allowed the company to streamline interactions between consumer and small business customers, consistent with Intuit’s vision of enabling products to work together as an ecosystem.
Euronet Worldwide acquired HiFX
Euronet Worldwide made the acquisition in May spending around $242 Mn. The acquisition allowed Euronet to offer an account-to-account international payment service to high-income individuals and small-to-medium sized businesses, complementing Euronet's existing consumer-to-consumer money transfer business. The acquisition of HiFX gave Euronet access to the 9.9 billion payment transaction market, which is dominated by more traditional financial service providers. The strength of the combined companies allowed both HiFX and Euronet to broaden their product offerings, extend their geographic reach, and improve their online platforms.
ACI Worldwide acquired Retail Decisions
ACI Worldwide made the acquisition in July spending around $205 Mn. The addition of Retail Decisions’ talented team and product portfolio enhanced ACI’s Universal Payments strategy and further strengthened ACI’s position in the fast-growing payments risk management space. The combination of ACI and Retail Decisions resulted in a powerful merchant retail solution providing an unrivaled customer experience–consistent and unified anytime, anywhere and through any access point or device.
Monitise acquired Pozitron Yazilim
Monitise made the acquisition in the month of February spending around $100 Mn. The acquisition of Pozitron further reinforced Monitise’s position as a global technology enabler in the Mobile Money ecosystem. Monitise made the deal to meet increasing demand for interoperable Mobile Money services with payments becoming more digital by the day around the world.
Buy the LTP Payments Acquisition Database including details on the acquirer, acquired, amount and date for $499 for the past five years & $199 for only 2013 & 2014.