Global Payments to Acquire PayPros
ATLANTA, GA – Global Payments Inc. (NYSE: GPN), one of the largest worldwide providers of payment solutions, announced an agreement to acquire Payment Processing, Inc. (PayPros). PayPros, based in California, is an innovative provider of fully-integrated payment solutions for 58,000 small-to-medium sized merchants in the United States. PayPros delivers 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.
Global Payments’ President and CEO Jeffrey S. Sloan said, “Our acquisition of PayPros will expand our direct distribution, add new vertical markets, accelerate growth in our largest geography and further enhance our existing integrated solutions business with the addition of PayPros’ talented team.”
First Annapolis Consulting, Inc. served as advisor to Global Payments.
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