Payments and merchant services provider Worldpay has closed its acquisition of SecureNet Payment Systems from private equity firm Sterling Partners.
Austin, Texas-based SecureNet provides cloud-based solutions to integrate point of sale, mobile and e-commerce payments processing with inventory management and data analytics for merchants, Worldpay said in a Dec. 22 press release. Worldpay did not disclose financial terms of the acquisition.
The acquisition helps Worldpay accelerate its shift from a more traditional processor to a multichannel payments integrator, the London-based company stated.
"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," Worldpay US President and CEO Tony Catalfano stated in the release. Worldpay US will soon operate out of Atlanta.
Worldpay obtains SecureNets network of more than 100 referral and integrated partners, and relationships with more than 17,000 merchants. SecureNet has several patents pending for its technology and a strong track record of rapid innovation delivery, Worldpay said.
SecureNet CEO Brent Warrington and his team will remain with Worldpay in the Austin region, the company said.
Earlier this year, Worldpay acquired Latin America payment processor Cobre Bem Tecnologica to expand its present in that market.
Worldpay operates in more than 30 countries and says it expects to process nearly 10 billion transactions with a value of nearly a half a trillion dollars in 2014. The company is owned by private equity firms Advent International and Bain Capital.