TSYS (NYSE: TSS) today announced it has completed its
acquisition of TransFirst, a leading U.S. merchant solutions
provider. TransFirst and TSYS’ existing merchant businesses will be
combined under the TSYS brand to create the 6th largest merchant
acquirer in the U.S. based on revenue and the 3rd largest
integrated payments provider in the U.S. TransFirst’s president and
chief executive officer, John Shlonsky, has been elected as Senior
Executive Vice President of TSYS, and will lead the combined
businesses reporting to Pam Joseph, president and chief operating
officer-elect of TSYS.
TransFirst is a market leader with its partner-centric
distribution model supporting more than 1,300 integrated technology
and referral partners in strategically attractive areas that
include integrated software vendors (ISVs), healthcare,
not-for-profit, referral banks, associations and e-commerce.
The combined businesses serve some 645,000 merchant outlets in
the U.S. with approximately $117 billion in transaction volume. The
business will continue its focus on the large and growing small and
medium size business (SMB) market, enhancing TSYS’ offering and
position in the high-growth areas of integrated payments,
e-commerce and omni-channel services.
“The acquisition of TransFirst, gives us the technology, scale,
and distribution capabilities that propel us to a leadership
position within merchant acquiring similar to the scale and
strength we have in issuer processing and prepaid program
management. Our position and strength in these three key areas of
payments further diversifies our business and makes TSYS unique
among its peers,” said M. Troy Woods, chairman, president and chief
executive officer, TSYS. “We are excited to have John and his team
on board, and believe the growth and expansion of services to the
business community will drive long-term shareholder value.”
“Moving forward from the excitement of this day, and becoming a
part of TSYS, our mission is to leverage our joint capabilities and
products seamlessly, so our customers are able to rely on just one
provider for their processing services,” said John Shlonsky,
president and chief executive officer, TransFirst. “We will combine
automation and technology to support an integrated platform to
deliver relevant products and solutions to our partners and
merchants — not just process transactions.”
TransFirst previously operated as a privately held company,
under the ownership of Vista Equity Partners.
"We are delighted that with John's continued leadership, the
technology, scalability and talent that TransFirst is bringing to
TSYS will be integrated to drive further innovation and leadership
in the industry," said Robert F. Smith, founder, chairman and chief
executive officer of Vista Equity Partners.
Additional details about the acquisition, as well as revised
2016 guidance for TSYS, will be discussed on the company’s
first-quarter analyst call on April 26, 2016.
About TSYS
TSYS® (NYSE: TSS) unlocks opportunities in payments for payment
providers, businesses and consumers. Our headquarters are in
Columbus, Georgia, USA, and we operate in more than 80 countries
with local offices across the Americas, EMEA and Asia-Pacific.
We provide seamless, secure and innovative solutions across the
payments spectrum — from issuer processing and merchant acquiring
to prepaid program management — delivered through partnership and
expertise. We succeed because we put people, and their needs, at
the heart of every decision. It’s an approach we call
‘People-Centered Payments®’.
Our industry is changing every day — and we’re leading the way
towards the payments of tomorrow. We routinely post all important
information on our website. For more, visit us at tsys.com.
About Vista Equity Partners
Vista Equity Partners is a U.S.-based investment firm with
offices in Austin, Chicago and San Francisco, with more than $20
billion in cumulative capital commitments. It currently invests in
software, data and technology-based organizations led by
world-class management teams with long-term perspective. Vista is a
value-added investor, contributing professional expertise and
multi-level support that enables companies to realize their full
potential. Vista’s investment approach is anchored by a sizable
long-term capital base, experience in structuring
technology-oriented transactions and proven management techniques
that yield flexibility and opportunity in private equity investing.
For more information, please visit www.vistaequitypartners.com.
Forward Looking Statements
This press release contains “forward-looking
statements” – that is, statements related to future, not past,
events. Forward-looking statements often address our expected
future business and financial performance and often contain words
such as “expect,” “anticipate,” “intend,” “believe,” “should,”
“plan,” “potential,” “will,” “could,” and similar expressions.
Forward-looking statements in this press release include, among
others, statements about TSYS’ belief that the acquisition of
TransFirst will drive long-term shareholder value. These statements
are based on the current beliefs and expectations of TSYS’
management and are subject to known and unknown risks and
uncertainties. We believe these forward-looking statements are
reasonable; however, undue reliance should not be placed on any
forward-looking statements, which are based on current
expectations. Actual results may differ materially from those
contemplated by these forward-looking statements. A number of
important factors could cause actual results to differ materially
from those contemplated by the forward-looking statements,
including our ability to achieve expected synergies and
successfully complete the integration of TransFirst, and the other
risks and uncertainties discussed in TSYS’ filings with the SEC,
including its 2015 Annual Report on Form 10-K. We do not assume any
obligation to update any forward-looking statements as a result of
new information, future developments or otherwise.
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version on businesswire.com: http://www.businesswire.com/news/home/20160401005813/en/
TSYSMedia RelationsCyle Mims,
+1-706-644-3110cylemims@tsys.comorTSYSInvestor RelationsShawn
Roberts, +1-706-644-6081shawnroberts@tsys.com
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