TSYS to Acquire TransFirst to Establish Leadership Position in Merchant Solutions
Monday, February 1, 2016
Posted by: Terri Brustad
TSYS has announced that it has entered into a definitive agreement with Vista Equity Partners to acquire TransFirst, a Vista portfolio company and leading U.S. merchant solutions provider. The transaction enhances TSYS' offering and position in the high-growth areas of integrated payments, e-commerce and omni-channel services. TSYS will be the 6th largest U.S. acquirer based on net revenue, supporting more than 645,000 merchant outlets.
The Board of Directors of TSYS has approved the transaction, which is expected to close in Q2 2016, subject to regulatory approvals and other customary closing conditions.