Global Payments has completed the acquisition of Ezi Holdings (Ezidebit), a payments technology company in Australia and New Zealand.
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In September 2014, Global Payments has entered into a definitive agreement to acquire Ezidebit.
Similar to the company’s OpenEdge division, Ezidebit markets its products through a network of integrated software vendors and direct channels to numerous vertical markets.
According to the terms of the agreement, Global Payments paid a purchase price of A$305m, financed by a combination of cash on hand and borrowings on the company’s revolving credit facility.
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.
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By GlobalData"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."
