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October 2, 2020

Castles Technology acquires Spire Payments

By Mohamed Dabo

Castles Technology, a global payment solutions provider has announced completion of the acquisition of the business and assets of Spire Payments.

Spire Payments provides payment solutions, software applications and payment development environments to promote transactions at all end points around a user experience.

The acquisition places Castles Technology in a better position to deliver market-leading payment solutions that simplify and enhance merchants’ businesses, from in-store acceptance services to value-added solutions, the company said.

“An important strategic move”

Jean-Philippe Niedergang, Group CCO Castles Technology, said:

“This acquisition represents an important strategic move for the future of our businesses, as we continue to evolve and innovate to provide merchants acquirers with future-forward payments solutions.”

He added that the acquisition delivers “a perfect match” between the two companies, with complementary strengths bringing a new fresh approach to the payment market.

Graham Lilleystone, Global Director of Operations at Spire Payments UK, said:

“Joining Castles Technology was a natural, strategic fit for Spire Payments, as we already have a common customer-first philosophy, culture and innovative spirit.”

Sami Abugharbieh, Managing Director – Middle East, Africa and Southeast Asia at Spire Payments, said:

“We are excited to align with Castles Technology and focus on the evolution of our next generation solutions.

This connection will allow us to better serve our customers, enhance our existing partner relationships and ensure we grow successfully, together.”

Benefiting from a strong local presence

Castles Technology will continue to invest in Spire Payments solutions, providing best in class solutions for its customers including merchants, retailers and local partners with whom Castles Technology and Spire Payments have built strong relationships.

As demand for state-of-the-art payments continues to grow exponentially, Castles Technology’s customers will benefit from a strong local presence, as well as enhanced solutions that deliver competitive advantage.

Customers will have access to Castles Technology’s full portfolio of intelligent, connected payment solutions.

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