Vista Equity Partners has completed acquisition of TransFirst, a provider of secure payment processing services.
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TransFirst believes that the transaction will enable the company to accelerate investments in its end-to-end technology platform, strengthen relationships with partners, and grow its network of over 200,000 merchants.
John Shlonsky, CEO of TransFirst, said: "We are very excited to be partnering with Vista as we enter our next phase of growth, and are pleased to have the opportunity to leverage Vista’s expertise as we migrate toward more integrated processing solutions.
"Our companies share many of the same core values, including a commitment to operational excellence and an emphasis on a best-in-class customer experience. We believe that this partnership will offer TransFirst the opportunity for tremendous growth in the future."
Robert Smith, chairman and CEO of Vista Equity Partners, said: "TransFirst offers a powerful payment platform that delivers exceptional value, so it’s no surprise that they have been able to retain a strong base of satisfied customers.
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