03 May EVO Payments Agrees to Acquire SF Systems’ Payment Gateway
EVO Payments, Inc. (NASDAQ: EVOP) (“EVO”), a leading global provider of payment technology integration and acquiring solutions, announced today an agreement to acquire the payment gateway assets of SF Systems, a Mexico City-based company specializing in integrated payments solutions for large and small merchants.
Since its founding in 2002, SF Systems has developed integrations to many of the largest point-of-sale (“POS”) systems in Mexico. EVO and SF Systems have had a commercial relationship since EVO entered the market in 2015, with SF Systems providing integrations to POS systems at many of EVO’s largest corporate customers. In conjunction with the transaction, the team of professionals that support SF Systems’ gateway assets will be joining EVO. The acquisition also provides EVO with a platform and technical expertise in Mexico to facilitate future integrations to new software partners in the market.
“We are very pleased to announce EVO’s acquisition of SF Systems’ payment gateway, which will strengthen our position in the growing tech-enabled market in Mexico,” commented Brendan Tansill, EVO’s President, North America. “With SF Systems’ integrations to software solutions servicing mid-sized merchants and large national and multi-national companies, this acquisition will be a great asset for EVO, not just in Mexico, but across all of our markets.”
Carlos Pino, SF Systems’ President, added, “We are excited to leverage EVO’s distribution and positioning in Mexico and beyond to deliver our integrated solutions to EVO’s existing and new customers. Additionally, we believe the integration of SF Systems to EVO’s Snap platform will enhance the payments experience of our current customers.”
Terms of the acquisition were not disclosed. The acquisition is expected to be completed by the end of Q3 2019, subject to closing conditions.
To read the full press release, please visit: https://investor.evopayments.com/news-releases/news-release-details/evo-payments-agrees-acquire-sf-systems-payment-gateway