Georgia-based payment solutions provider TSYS has acquired iMobile3, a Florida-based valued added technology services provider to the payments industry, for an undisclosed sum.
The acquired company specialises in providing customisable payment solutions including mobile and tablet point-of-sale products.
With a customisable suite of applications designed to meet client requirements, the iMobile3 Marketplace caters to all partners and merchants and offers them solutions including digital marketing and business analytics.
TSYS Merchant Solutions president and senior executive vice-president Philip McHugh said: “As the industry continues to evolve, TSYS intends to lead the charge in providing businesses with the best possible tools to compete in today’s hyper-competitive landscape.
“The acquisition of iMobile3 continues to propel TSYS forward to reach our goal of becoming the number one payments solutions provider to small and medium size businesses in the US.”
iMobile3 CEO Bob Leonard added: “Going forward, our partners will continue leveraging iMobile3’s collection of private-labelled products and payment technology expertise to build their own brand, while benefiting from TSYS’ financial strength, card brand relationships, additional product offerings, and its commitment to being a partner-focussed company.”
TSYS employs around 12,000 people and has offices in 13 countries. The firm’s solutions cover various areas including issuer processing, merchant acquiring, and prepaid programme management. Last year, the firm generated revenue of $4.9bn and processed around 27.8 billion transactions.