Global Payments Inc., a provider of payment solutions, has announced an agreement to acquire Payment Processing, Inc. (PayPros). PayPros, a provider of fully-integrated payment solutions for small-to-medium sized merchants in the United States.
PayPros delivers its products and services through a network of 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.”
Chuck Smith, Founder and CEO of PayPros, added, “I am very pleased to announce this partnership with Global Payments. This transaction is the culmination of nearly two decades of hard work and vision at PayPros. I am confident that Global Payments will be a fantastic partner for our customers and employees.”
“We are very excited to be joining the Global Payments team. The strength of Global Payments’ distribution combined with our differentiated service offering will accelerate value delivery to our partners and provide opportunities for growth over the long-term,” said PayPros President, Eddie Myers.
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