FDA Approves Mitapivat for Anemia in Thalassemia Patients 
Texas App Store Age Verification Law Blocked by Federal Judge in First Amendment Ruling 
Winter Storm Devin Triggers Massive Flight Cancellations and Travel Disruptions Across the U.S. 
Boeing Wins $2.04B U.S. Air Force Contract for B-52 Engine Replacement Program 
California DMV Proposes New Safety Rules for Autonomous Vehicles After Waymo Incidents 
South Korean Court Clears Korea Zinc’s $7.4 Billion U.S. Smelter Project, Shares Surge 
Hyundai Recalls Over 51,000 Vehicles in the U.S. Due to Fire Risk From Trailer Wiring Issue 
Trump Administration Probes Corporate DEI Programs, Raising Questions for Google Stock 
Nvidia and Groq Strike Strategic AI Inference Licensing Deal 
Nike Stock Jumps After Apple CEO Tim Cook Buys $2.9M Worth of Shares 
Sanofi to Acquire Dynavax in $2.2 Billion Deal to Strengthen Vaccines Portfolio 
Leapmotor Targets 4 Million Annual EV Sales as Global Expansion Accelerates 
Warner Bros. Discovery Shares Slide Amid Report of Potential Paramount Skydance Lawsuit 
FTC Praises Instacart for Ending AI Pricing Tests After $60M Settlement 
Waymo Plans Safety and Emergency Response Upgrades After San Francisco Robotaxi Disruptions 
China’s LandSpace Takes Aim at SpaceX With Reusable Rocket Ambitions 
Nvidia to Acquire Groq in $20 Billion Deal to Boost AI Chip Dominance 
PLANO, Texas, Sept. 28, 2017 -- Pivotal Payments, a leading provider of technology-driven global payment processing solutions, announced it has entered into a strategic investment agreement with private equity firm Novacap and Canadian pension fund manager Caisse de depot et placement du Quebec (CDPQ), two world-class institutional investors with extensive expertise in international business expansions. The new shareholders will enable Pivotal to pursue more markets, while further developing its payment technologies.
|
|||
With a strong history of growth since 2003, Pivotal services more than 50,000 merchants, accounting for over USD $14 billion in annual transaction volume. The company offers direct acquiring in North America for point-of-sale businesses, integrated solutions, plus a robust global eCommerce platform. The investment provides Pivotal an opportunity to significantly increase its sources of revenue and fintech capabilities through the acquisition of traditional payment organizations and payment-enabled software companies.
"This investment marks an important step for Pivotal. We pursued an aggressive growth plan over the last few years, and we have chosen the best partners to support us going forward," said Philip Fayer, Pivotal's founding President and Chief Executive Officer.
Pivotal recently announced another phase of its growth with the move of its Arizona office into a new, 26,000-square-foot office in Scottsdale. The SkySong 2 Center location promotes both functionality and employee engagement, to enhance the services offered to merchant clients, sales partners and technology partners.
About Pivotal Payments
Pivotal Payments is a leading provider of technology-driven, end-to-end payment processing solutions. We service the global eCommerce, SMB acquiring and integrated payments (ISV) markets, enabling a wider range of payment acceptance solutions under one innovative platform. Backed by experienced people, cutting edge technology and effective processes, we strive to create meaningful growth for our clients, partners and employees across multiple geographies and industries. As a full-fledged merchant processor for all major card brands, plus a principal member of Interac® and UnionPay International, we provide direct connectivity with the world's largest payment networks to power your success. Learn more at http://www.pivotalpayments.com or http://www.linkedin.com/company/pivotal-payments.
Attachments:
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/afe161a9-eca2-4d7c-bd18-79f8aaac34c5
Louis Georgakakis Pivotal Payments 877-462-7486 ext. 8001 [email protected]
