EVO acquires perpetual software license from IP Commerce

Payments service provider EVO Payments International has announced it has acquired a perpetual software license from Denver-based IP Commerce.

Payments service provider EVO Payments International has announced it has acquired a perpetual software license from Denver-based IP Commerce.

Under the license, IP’s software developers agree to work with EVO to expand its software operations. The payments service provider hopes to support its merchant customers with a wider range of multi-channel, multi-service solutions. IP’s core payments team are also to join EVO.

James Kelly, CEO of EVO, said: "Providing intelligent software solutions to meet the growing needs of merchant customers is critical to our growth."

"We want to make it easy and efficient for developers to work with us, enabling their customers to access the services they need through the solutions they use to manage and run their business, in addition to gaining the ability to enable new merchants in all of the markets we support. EVO is excited to make available to new and existing IP Commerce software developers the same services domestically and across the 47 international markets where EVO has licenses to process payments."

Peter Osberg, a former executive at IP and now head of EVO’s new integrated payments EVO Snap, said, "I have been impressed with EVO’s strategy and vision for improving the point of interaction between consumer and retailer.

"With this new technology, EVO can better support the payment needs of developers and merchants. I look forward to advancing the considerable accomplishments of IP Commerce by leveraging EVO’s superior technical infrastructure, specialized services, powerful distribution channels, and worldwide footprint to help retailers become more effective, compliant and innovative."

 

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