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Global Payments Completes Acquisition of Accelerated Payment Technologies
ATLANTA, Oct. 2, 2012 /PRNewswire/ -- Global Payments Inc. (NYSE: GPN), a leading, worldwide provider of electronic transaction processing solutions, announced today that it has completed the acquisition of Accelerated Payment Technologies (APT), an innovative provider of fully-integrated payment technology solutions for small to medium sized merchants. APT markets its products and services primarily through a network of 700 value-added resellers (VARs) covering over 30 different vertical markets.
(Logo: http://photos.prnewswire.com/prnh/20010221/ATW031LOGO )
Under the terms of the agreement, Global Payments paid $413 million in cash, funded by the company's new unsecured term loan facility, to acquire APT from Great Hill Partners.
About Global Payments
Global Payments Inc. (NYSE: GPN) is a leading provider of electronic transaction processing services for merchants, Independent Sales Organizations (ISOs), financial institutions, government agencies and multi-national corporations located throughout the United States, Canada, Europe and the Asia-Pacific region. Global Payments, a Fortune 1000 company, offers a comprehensive line of processing solutions for credit and debit cards, business-to-business purchasing cards, gift cards, electronic check conversion and check guarantee, verification and recovery including electronic check services, as well as terminal management. Visit http://www.globalpaymentsinc.com for more information about the company and its services.
About Great Hill Partners
Great Hill Partners is a private equity firm that manages more than $2.5 billion in capital to finance the expansion, recapitalization or acquisition of growth companies in a wide range of sectors within the business and consumer services, media, communications and software industries. Great Hill targets investments of $25 million to $150 million. For more information, please visit http://www.greathillpartners.com.
Investor
contact: investor.relations@globalpay.com Media contact: media.relations@globalpay.com
Jane
Elliott Kay Sharpton Amy Corn
770-829-8234 770-829-8870 770-829-8755
SOURCE Global Payments Inc.
Photo:http://photos.prnewswire.com/prnh/20010221/ATW031LOGO
http://photoarchive.ap.org/
Global Payments Inc.
Web Site: http://www.globalpaymentsinc.com
Global Payments Completes Acquisition of Accelerated Payment Technologies
ATLANTA, Oct. 2, 2012 /PRNewswire/ -- Global Payments Inc. (NYSE: GPN), a leading, worldwide provider of electronic transaction processing solutions, announced today that it has completed the acquisition of Accelerated Payment Technologies (APT), an innovative provider of fully-integrated payment technology solutions for small to medium sized merchants. APT markets its products and services primarily through a network of 700 value-added resellers (VARs) covering over 30 different vertical markets.
(Logo: http://photos.prnewswire.com/prnh/20010221/ATW031LOGO )
Under the terms of the agreement, Global Payments paid $413 million in cash, funded by the company's new unsecured term loan facility, to acquire APT from Great Hill Partners.
About Global Payments
Global Payments Inc. (NYSE: GPN) is a leading provider of electronic transaction processing services for merchants, Independent Sales Organizations (ISOs), financial institutions, government agencies and multi-national corporations located throughout the United States, Canada, Europe and the Asia-Pacific region. Global Payments, a Fortune 1000 company, offers a comprehensive line of processing solutions for credit and debit cards, business-to-business purchasing cards, gift cards, electronic check conversion and check guarantee, verification and recovery including electronic check services, as well as terminal management. Visit http://www.globalpaymentsinc.com for more information about the company and its services.
About Great Hill Partners
Great Hill Partners is a private equity firm that manages more than $2.5 billion in capital to finance the expansion, recapitalization or acquisition of growth companies in a wide range of sectors within the business and consumer services, media, communications and software industries. Great Hill targets investments of $25 million to $150 million. For more information, please visit http://www.greathillpartners.com.
Investor
contact: investor.relations@globalpay.com Media contact: media.relations@globalpay.com
Jane
Elliott Kay Sharpton Amy Corn
770-829-8234 770-829-8870 770-829-8755
SOURCE Global Payments Inc.
Photo:http://photos.prnewswire.com/prnh/20010221/ATW031LOGO
http://photoarchive.ap.org/
Global Payments Inc.
Web Site: http://www.globalpaymentsinc.com