GlobalCollect
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Company Name :
Global Collect
Activities :
Payment Gateway
Type :
Collecting PSP
Doing Business In :
Worldwide
Founded :
1994
Website :
http://www.globalcollect.com
Company Size :
200 - 500 employees
Headquarters :
Planetenweg 43 - 59 Hoofddorp - 2132 HM
The Netherlands
GlobalCollect started in 1994 as a division of TNT in order to add value to its distribution services by enabling international publishers to invoice worldwide as well as to accept payments in local currencies. As a result, GlobalCollect managed to establish a unique worldwide financial network, which enabled customers to outsource their entire collection and reconciliation process.
GlobalCollect BV’ was registered as an independent entity in 2000, after our services started to interest other industries beyond TNT’s initial client base.
In October of 2005, in combination with private equity providers, Waterland Private Equity Investments and Prime Technology Ventures, GlobalCollect’s management purchased GlobalCollect from TNT. This management buy-out created the strategic financial framework for the company to pursue its development as a leading Payment Service Provider.
On July 23, 2007, GlobalCollect announced that General Atlantic LLC, a leading global growth equity firm, had completed its transaction to acquire GlobalCollect from Waterland Private Equity Investments and Prime Technology Ventures.
On April 15, 2010, GlobalCollect announced that Welsh, Carson, Anderson & Stowe (WCAS), one of the largest and most successful private equity investment firms in the United States, has signed an agreement to acquire the majority share in GlobalCollect from General Atlantic LLC (GA). GlobalCollect’s senior management continues to hold the remaining stakes in the firm and will remain in charge of the operational business.
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