24th Jul 2014 07:00
Optimal Payments announces completion of acquisitionsof meritus payment solutions and GLOBAL MERCHANT ADVISORS
LONDON, MONTREAL and NEW YORK (July 24, 2014) - Further to the announcement made on 1 July 2014, Optimal Payments Plc (LSE AIM: OPAY, "Optimal Payments" or the "Group"), a leading global online payments and risk management provider, today announces the completion of the acquisition of all of the partnership interests of California based payment processing entity TK Global Partners LP ("Meritus") (doing business as 'Meritus Payment Solutions') and the trade and assets of Global Merchant Advisors, Inc. ("GMA"), a US-based online payments company.
For further information contact:
Optimal Payments Plc Jessica Stalley, Head of Investor Relations + 44 (0) 20 7182 1707
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Canaccord Genuity (Nominated Adviser & Broker) Simon Bridges Cameron Duncan +44 (0)20 7523 8000
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Citigate Dewe Rogerson (Media contact, UK) Angharad Couch/Shelly Chadda/Georgia Colkin opay@citigatedr.co.uk + 44 (0)20 7638 9571 / +44 (0) 7507 643 004
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Zenergy Communications (Media contact, Canada) Erin Cudmore opay@zenergycom.com +1 416 591 5461
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Feintuch Communications (Media contact, USA) Richard Anderson/Emily Simmons optimal@feintuchpr.com +1 718 986 1596 /+1 212 808 4904 |
About Optimal Payments
Optimal Payments is a global provider of online payment solutions, trusted by businesses and consumers in over 200 countries and territories to move and manage billions of dollars each year. Merchants use the NETBANX® platform and services to simplify how they accept credit and debit card, direct-from-bank, and alternative and local payments; and the NETELLER® service to increase revenue and capture new customers. Consumers use the multilingual and multicurrency NETELLER and Net+® Card stored-value offering to make secure and convenient payments. Optimal Payments Plc is quoted on the London Stock Exchange's AIM, with a ticker symbol of OPAY. Subsidiary company Optimal Payments Ltd is authorised and regulated as an e-money issuer by the UK's Financial Conduct Authority (FRN: 900015).
For more information on Optimal Payments visit www.optimalpayments.com or subscribe at www.optimalpayments.com/feed or follow us on Twitter @optimalpayments.
About Meritus Payment Solutions
Established in 2008, Meritus is a high growth and profitable organisation with a similar entrepreneurial corporate culture and set of values to Optimal Payments. It has approximately 100 employees and processes more than $3 billion in transaction volume annually. Meritus has a proprietary technology platform and operates a streamlined and efficient merchant onboarding process. Revenues grew from $38.3 million in 2012 to $74.4million in 2013 and strong growth is expected to continue.
About GMA
Based in Los Angeles, California, GMA is a fast-growing payments company serving small to medium sized businesses. The company focuses primarily on segments of the market that have been underserved by larger payment processing competitors, offering small merchants "industrial grade" processing solutions. Since its launch in 2010, GMA has built its merchant base and processing volume through its direct sales efforts and network of bank, third-party processors and technology partners.
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