Worldpay, a provider of payments technology and services, has signed an agreement to acquire SecureNet Payment Systems for an undisclosed sum.
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SecureNet, which is owned by Sterling Partners, features an extensive network of more than 100 referral and integrated partners and relationships with more than 17,000 merchants.
The company’s single stack of payment APIs and flexible architecture allows integration for all types of transactions, in all development languages, across all channels.
Brent Warrington, CEO of SecureNet, and the SecureNet management team will remain with the company.
Tony Catalfano, CEO of Worldpay US, said: "We can uniquely accelerate the delivery of an integrated, omni-channel payments environment to the market by combining SecureNet’s innovative software integration with Worldpay’s direct acquirer distribution advantages and partnership management strengths gained by our recent acquisition of Century Payments.
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By GlobalData"As the US leader in modern money, this also gives us a differentiated ability to offer actionable, SKU-level data insights to our customers to help them grow their businesses."
Subject to customary regulatory approvals and closing conditions, the transaction is expected to close in December 2014.
