Worldpay acquires SecureNet Payment Systems
Worldpay has completed the acquisition of Austin-based SecureNet Payment Systems from private equity firm Sterling Partners.
Worldpay, a global provider of payments technology and services, has completed the acquisition of Austin-based SecureNet Payment Systems from private equity firm Sterling Partners.
The acquisition of SecureNet, which provides a cloud-based solution to integrate point-of-sale, mobile and eCommerce payments processing, inventory management and data analytics for merchants, will accelerate Worldpay’s strategic shift from a traditional processor to a multichannel payments integrator.
The deal will present Worldpay with the technology provider’s extensive network of over 100 referral and integrated partners along with the relationships with more than 17,000 merchants.
SecureNet CEO Brent Warrington and its entire team will remain with Worldpay to provide services to the growing Austin technology community.
Worldpay US president and CEO Tony Catalfano said: “As the leaders in modern money, Worldpay is bridging payments acceptance with consumer buying preferences to produce actionable data business owners can use to drive more sales in their stores.
“And acquiring SecureNet’s market-leading payments technology platform will allow Worldpay customers to always make the sale, regardless of how their customers want to pay.”