Global Payments has announced a definitive agreement to acquire Ezidebit – an integrated payments company focused on recurring payments verticals in Australia and New Zealand.
Global Payments will acquire Ezidebit for AU$305 million, in a transaction expected to close during the second quarter of Global Payments’ 2015 fiscal year. Global Payments is expecting to gain US$25 million in revenues and add to the company’s expansion in the region. In a similar way to Accelerated Payment Technologies and PayPros, Ezidebit markets its products through a network of integrated software vendors and direct channels to numerous vertical markets.
“The acquisition of Ezidebit aligns well with our worldwide strategy to enter new, attractive payments markets and supports our growth initiatives with a technology-based, direct distribution player,” said Global Payments’ Chief Executive Officer, Jeffrey S. Sloan. “This partnership with Ezidebit’s talented management team leverages our multinational footprint, allows us to capitalize on opportunities across integrated payments globally and expands our business in the fast-growing Asia Pacific region.”
Charlie Holland, CEO of Ezidebit, added, “We are thrilled to be joining the Global Payments team. The combination of Global Payments’ technology and integrated payments expertise with Ezidebit’s market leading position in integrated and recurring payment solutions will position the company well for growth and expansion in the region.”
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