TSYS Acquires Remaining 45-percent Ownership Stake in TSYS Managed Services EMEA Joint Venture
June 13 2016 - 4:00AM
Business Wire
TSYS Managed Services EMEA is now a wholly
owned TSYS company
TSYS (NYSE: TSS) today announced that it has acquired — from The
Merchants Group Limited (a Dimension Data company) — the remaining
45-percent ownership share in its TSYS Managed Services EMEA joint
venture. TSYS Managed Services is now a wholly owned TSYS company
focused on providing outsourced business process and contact-centre
services and support to TSYS’ international clients.
TSYS Managed Services EMEA was formed in 2006 as a joint venture
between TSYS and Dimension Data. TSYS Managed Services provides
customer service, fraud risk management and strategy, collections,
disputes management and back-office and help-desk services for
TSYS’ clients through outsourced contact centres. TSYS Managed
Services has offices in Milton Keynes, U.K.; Coventry, U.K. and
Barneveld, The Netherlands. TSYS Managed Services EMEA will
continue to be led by Mark Cleary, Chief Operating Officer, who
will report to Dennis Jones, Executive Vice President and Chief
Operating Officer of TSYS’ International Services segment.
“This strengthens our managed services presence in Europe and
helps us deliver greater benefits to clients,” said Gaylon Jowers,
president of TSYS’ International Services segment. “We already work
with a number of high-profile financial institutions, and with this
increased focus we expect to further grow this business as part of
our end-to-end service offerings.”
“TSYS Managed Services EMEA has delivered specialist credit card
processing and contact centre solutions for more than ten years,
and we continue to see increased demand from clients for this type
of support” said Mark Cleary, chief operating officer, TSYS Managed
Services EMEA. “Becoming a wholly owned TSYS company empowers us to
further improve our services in our mission to deliver the
highest-quality solutions.”
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
toward the payments of tomorrow. We routinely post all important
information on our website. For more, visit us at tsys.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20160613005185/en/
TSYSMedia RelationsCyle Mims,
+1-706-644-3110cylemims@tsys.comorTSYSInvestor RelationsShawn
Roberts, +1-706-644-6081shawnroberts@tsys.com
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