Global Payments Acquires Xenial

ATLANTA -- BUSINESS WIRE--Sep. SICOMs technologies are complementary to its existing Xenial solutions and this acquisition will expand Global Payments software driven payments strategy by increasing its capabilities and.

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The transaction which is subject to customary closing conditions and regulatory approvals is expected to close in the fourth quarter of 2018.

Global payments acquires xenial. SICOM provides enterprise cloud-based software as a service SaaS solutions and other technologies to quick service and fast casual. The SP 500-listed company says in a press release. Global based in Atlanta paid roughly 415 million in cash for the transaction.

Global Payments will finance the acquisition with its existing credit facility and cash on hand. Heartland Payment Systems. Xenial who is owned by Global Payments acquired SICOM back in 2018 for a whopping USD 415 Million as part of a planned rollup of QSR focused Point of Sale Digital Signage and Kiosk businesses by Global Payments.

How did we get this number. Global sunk 415M into SICOM. Announced it will acquire SICOM Systems from LLR Partners in a cash transaction valued at approximately 415 million.

As a global provider of technology for food ordering digital menus drive-thru and kitchen management inventory labor analytics reporting gift cards loyalty customer intelligence and more - Xenial technologies power 19 of the Quick Service Restaurants QSR top 40 brands across 62. It obviously has not worked. Posted on September 28 2018.

The Xenial platform is used in 25000 different restaurants. The transaction which is subject to customary closing. Xenial Payments powered by our parent company Global Payments.

When you upgrade to Crunchbase Pro you can access unlimited search results save to custom lists or to Salesforce and get notified when new companies people or deals meet your search. Global splashed 23M on MobileBytes which was rebranded Heartland POS. GPN a leading worldwide provider of payment technology and software solutions announced today an agreement to acquire SICOM Systems Inc.

About Global Payments Global Payments Inc. Global Payments will finance the acquisition with its existing credit facility and cash on hand. Global Payments will finance the acquisition with its existing credit facility and cash on hand.

Heartland Payment Systems acquired by Global Payments. September 28 2018 by Dave Haynes. GPN is a leading worldwide provider of payment technology services that delivers innovative solutions driven by customer needs globally.

Lift your brand and grow your enterprise business with full-service solutions from Xenial a Global Payments company. The transaction which is subject to customary closing conditions and regulatory approvals is expected to close in the fourth quarter of 2018. Global Payments moved Xenial out from the product team and under the US Payments and Payroll Business of Heartland.

Christopher would focus Xenial on the enterprise market segment hence their doubling down with the acquisition of SICOM and Heartland would buy a cloud POS for SMB where 85 of its business resided. Global Payments is a technology and software company providing the worlds leading complete commerce ecosystem to businesses of every size. View all 13 acquisitions from this search.

Perhaps the most exciting piece of news to come out of Global Payments last quarter was the announcement that it would be launching a new joint venture with HSBC Holdings to enter Mexicos payment. Our technologies partnerships and employee expertise enable us to provide a broad range of products and services. Xenials responsiveness speaks volumes about their service-first mindset and execution Billy Sewell President Platinum Corral a Golden Corral Franchisee.

In addition the combined platform gives Global Payments a huge opportunity to cross-sell these solutions to existing customers. Trust a provider that offers global reach and award-winning service. Globals all-in spend on Xenial hit 50M to-date per Xenial insiders.

This unique connected infrastructure serves every dimension of commerce carrying billions of transactions every yearsafely and seamlessly. 27 2018-- Global Payments Inc. Launched by Heartland Commerce a subsidiary of Global Payments Xenial brings to market a first of its kind cloud-based operating system-agnostic global platform.

SICOM Systems which provides digital signage POS and other software solutions into the QSR and fast casual restaurant sect ors has been acquired by Global Payments which does payment technology and software solutions. As it relates to our retail focus Global Payments has now invested at least 488M into their POS efforts since acquiring Heartland by our count. Global Payments Inc a worldwide provider of payment technology services announced the release of Xenial.