DUBLIN | Today it has been officially announced that Realex Payments - one of Europe’s largest and fastest growing payment gateways - has been acquired by Global Payments. The transaction is valued at €115 million. The news follows the announcement earlier this week of another global payments player Optimal Payments taking over Skrill.
“For Realex Payments’ existing 12,500 merchants, this deal means they can avail of Global Payments international presence, entering new markets and driving their global ecommerce business like never before", said Realex Payments founder and CEO, Colm Lyon. “We are thrilled to be joining the Global Payments team. It’s great news for our customers, for our employees, and for Ireland,” Colm added.
"It is a deal of significant strategic fit. The combination of the Realex Payments team and online payments technology with the Global Payments team and international merchant acquiring capability will create a compelling proposition for the customers of both businesses."
At the heart of ecommerce
Global Payments conducts business in 28 countries with 4,200 employees across the globe. Going forward, the company will be at the heart of ecommerce for a Fortune 1000 company that services over 1.5 million merchants.
“Realex Payments represents a strategic investment to expand our international omni-channel technology offerings, enhancing our go-to-market strategy in one of our largest regions with industry leading value-added products and services, " explains Global Payments’ Chief Executive Officer, Jeff Sloan.
About Realex Payments
Realex Payments processes in excess of €28 bn per annum on behalf of 12,500 clients. Realex Payments' clients include Virgin Atlantic, Paddy Power, The AA and NotontheHighstreet.com. Realex Payments was founded by award winning entrepreneur Colm Lyon in 2000 and currently employs 170 staff. For more information check out Realex Payments' profile on About-Payments.
About Global Payments
Global Payments Inc. is a worldwide provider of payment technology services. Headquartered in Atlanta, Georgia with 4,200 employees worldwide, Global Payments is a Fortune 1000 Company with merchants and partners in 28 countries throughout North America, Europe, the Asia-Pacific region and Brazil. For more information about Global Payments visit www.globalpaymentsinc.com