WorldPay has announced that it is set to
acquire Envoy Services for an undisclosed amount.
Envoy is a UK-based company that provides
international eCommerce merchants with local banking services in
different markets around the world.
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The company has a global network of over 200
local bank accounts and 40 alternative payment services.
WorldPay has said that it expects Envoy to
continue to operate its current business model, and the existing
Envoy management team will join the senior leadership of WorldPay’s
eCommerce business unit.
The acquisition of Envoy is expected to close
in May 2011 and comes six months after private equity firms Advent
International and Bain Capital formally completed their acquisition
of WorldPay from The Royal Bank of Scotland Group.
WorldPay’s Group CEO Ron Kalifa said: “The
acquisition of Envoy confirms WorldPay’s status as the leading
player in global eCommerce payments and fraud prevention and
signifies a renewed focus on innovation for our customers.”
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By GlobalData
