Global Payments has signed a definitive agreement to acquire Ezi Holdings (Ezidebit), a payments technology company in Australia and New Zealand, for A$305m.
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Established in 1998, Ezidebit markets its products through a network of integrated software vendors and direct channels to several vertical markets.
Jeffrey Sloan, CEO of Global Payments, said: "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.
"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, said: "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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By GlobalDataSubject to receipt of regulatory approvals in Australia and the satisfaction of customary closing conditions, the transaction is expected to close during the second quarter of Global Payments’ 2015 fiscal year.
